The US may lift more Venezuela sanctions as soon as next week, Treasury Secretary Scott Bessent says, as Washington moves to unlock oil sales, frozen IMF funds and global financial re-engagement after Nicolás Maduro’s capture.
Gita Gopinath, the IMF’s First Deputy Managing Director, will step down in August 2025 to return to Harvard University. Her departure opens a key opportunity for President Trump to nominate a successor amid global economic realignments.
In a battle between guns and growth, Pakistan Slashes Budgets for Health, Environment Amid 20% Hike in Defence Spending Post-India Clash. In a move that underscores its shifting priorities in the aftermath of the May conflict with India, Pakistan has unveiled its federal budget for the fiscal year 2025-26, announcing a massive 20% increase in defence spending while cutting funds for critical public sectors like health and environment.