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GCC worker remittance outflows hit record USD 161 billion in 2025

GCC worker remittance outflows hit record USD 161 billion in 2025

Transfers rise 13.6% from 2024, with the bloc’s total exceeding outflows recorded by several major economies individually

Asia
EU trade chief to hold critical Beijing talks to avert full-blown trade war with China

EU trade chief to hold critical Beijing talks to avert full-blown trade war with China

European Union Trade Commissioner Maroš Šefčovič will meet Chinese Commerce Minister Wang Wentao in Beijing for two days of make-or-break talks to address a mounting €360 billion trade deficit and high-tech export surges, as both sides prepare defensive counter-measures

Europe
China launches anti-dumping probe into EU chemical imports days before high-stakes Beijing trade talks

China launches anti-dumping probe into EU chemical imports days before high-stakes Beijing trade talks

China's Ministry of Commerce initiated an anti-dumping investigation into imports of p-nitrotoluene from the European Union, signaling escalating trade friction ahead of critical negotiations between EU Trade Commissioner Maroš Šefčovič and Chinese Commerce Minister Wang Wentao

Middle East
Iran tells US there is no military solution to Middle East war

Iran tells US there is no military solution to Middle East war

Iran's foreign minister says there is no military solution to the war with the US, as talks stall over the Strait of Hormuz and another tanker is struck.

North America
Trump confirms national intelligence chief as new AI czar

Trump confirms national intelligence chief as new AI czar

US president confirms Jay Clayton as AI czar to lead a new White House task force on artificial intelligence as researchers warn of the technology's dangers.