US Debt Nears $40 Trillion as Fiscal Spiral Deepens
US federal debt approaches $40 trillion amid a self-reinforcing fiscal spiral, with trillion-dollar interest costs and foreign investors retreating.
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US federal debt approaches $40 trillion amid a self-reinforcing fiscal spiral, with trillion-dollar interest costs and foreign investors retreating.
Surging oil prices from the Iran war and Trump's new tariffs are creating stagflation risks as households and businesses face rising costs worldwide.
China attracted $55.6 billion in FDI in H1 2026, with high-tech investment reaching a record 42.4% share as nearly 4,800 foreign firms expanded operations.
China's H1 2026 goods trade hit 25.47 trillion yuan, up 16.9% YoY. High-tech exports surged 39%, driven by AI and advanced manufacturing.
Oil prices surged over 5% on July 8 as Trump declared the U.S.-Iran ceasefire 'over' and launched new airstrikes, raising fears of supply disruptions.
The World Bank keeps China's 2026 GDP growth forecast at 4.4%, citing high-tech investment and export resilience amid property sector headwinds.
At the Summer Davos Forum in Dalian, global leaders and CEOs highlighted China's transformation into an innovation powerhouse amid economic uncertainty.
The 2026 Summer Davos Forum opens in Dalian with 1,700+ participants from 90+ countries, focusing on innovation at scale amid global uncertainty.
Despite a framework deal to end US-Iran hostilities, the war has permanently reshaped oil trade, supply chains, and the global economy, NYT analysis finds.
U.S. strikes a third tanker carrying Iranian oil, killing three Indian sailors, as Iran retaliates and the World Bank warns of slowing global growth.
China's Jan-May 2026 trade reached 20.68 trillion yuan, up 15.3%. High-tech and green exports surge as manufacturing shifts to innovation-driven growth.
Three months after the Strait of Hormuz closure, global supply shortages deepen, threatening jobs and growth as oil prices surge worldwide.
Analysts warn Europe faces a new 'China shock' as Chinese exports surge, threatening German industry and jobs. The EU meets May 29 on trade measures.