Indian goods worth $10 billion reach Pakistan through alternative trade routes, says GTRI
Sunday, 27 April 2025 () A Global Trade Research Initiative report reveals that over $10 billion worth of Indian goods annually reach Pakistan through indirect channels, utilizing ports in Dubai, Singapore, and Colombo. These intermediary ports facilitate transshipment, where goods are relabeled to circumvent trade restrictions. Recent diplomatic tensions, including the suspension of the Indus Waters Treaty, are expected to further impact commercial exchanges.
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks. Bessent characterized India as an “easier” partner due to its transparent tariff regime. The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
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A fresh wave of Russian airstrikes has killed at least eight civilians and injured 24 others across Ukraine, including multiple children. Ukrainian officials report intensified attacks amid Kyiv’s calls for a ceasefire. Among the dead are a 12-year-old girl in Samars, a 68-year-old man in Semenivka, and a child in Dnipropetrovsk. Air defenses intercepted 37 of 100 drones, while others vanished off radar. Deadly strikes continued across Donetsk, Kharkiv, and Chernihiv, as the human toll of the ongoing conflict grows heavier by the day.
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Credit: euronews (in English) Duration: 05:00Published
London chocolatier takes inspiration from Dubai for luxury Easter eggs
One egg in particular, made with something known as 'Dubai chocolate', features a crunchy mixture of chocolate, pistachio cream and knafeh, a crispy filo dough that is better known for its use in baklava.
READ MORE : http://www.euronews.com/2025/04/15/london-chocolatier-takes-inspiration-from-dubai-for-luxury-easter-eggs
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Credit: euronews (in English) Duration: 01:00Published
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