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One of the European Central Bank’s top officials, Francois Villeroy de Galhau, reportedly urged a de-escalation in ongoing trade tensions to avoid a spiral of elevated tariffs. According to a Bloomberg report, Villeroy, the chief of France’s central bank, said Trump’s trade policies dampened economic growth, including for the U.S., and threatened to undermine financial…
Ron van Rooden appointed First country mission chief for 14 years Current mission chief for Ukraine The International Monetary Fund (IMF) has appointed Ron van Rooden as head of its mission to Syria, the first country mission chief since war erupted there 14 years ago. Syria’s finance minister Mohammed Yosr Bernieh said in a written…
South Korea’s economy unexpectedly contracted 0.1 percent in the first three months of this year, the country’s central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions. US President Donald Trump’s threatened 25 percent “reciprocal” tariffs on export-dependent South Korea have rattled Asia’s fourth-largest economy, sending…