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IMF lifts 2025 global growth forecast, warns of ongoing trade ‘uncertainty’

The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump’s tariff policies while warning of risks ahead. In its flagship World Economic Outlook (WEO) report — compiled before the most recent US-China tariff spat — the IMF hiked its 2025 global growth forecast …

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UN, Red Cross demand opening of all Gaza crossings to let in aid

The United Nations and the international Red Cross called on Tuesday for all crossings into Gaza to be opened to allow desperately needed aid into the Israeli-blockaded Palestinian territory.The fragile truce in war-ravaged Gaza, introduced under US President Donald Trump’s plan, needs to see crossings opened to flood the famine-hit territory with aid, they said.”That’s what humanitarians, including ICRC, have been calling for in the last hours — making sure that, because of the huge needs, all entry points can be open,” International Committee of the Red Cross spokesman Christian Cardon told reporters in Geneva.Jens Laerke, spokesman for the UN humanitarian agency OCHA, added: “We need all of them open.”He acknowledged that not all of the crossings were currently “functional”, with some “partially destroyed”, while road clearance was needed inside the Gaza Strip to allow trucks in with food, medical aid, fuel, water and other essential supplies.”We are calling for that to be repaired so that they can become operational,” he said.On August 22, the UN declared a famine in Gaza, the first in the Middle East, after experts warned 500,000 people faced “catastrophic” conditions.Israel imposed a total blockade on Gaza on March 2, allowing nothing in until aid trucks were again permitted at a trickle in late May. It has accused Hamas of manufacturing a crisis and stealing aid. The Israeli army is itself accused of having equipped Palestinian criminal networks in its fight against Hamas and of allowing them to plunder aid deliveries.”The real theft of aid since the beginning of the war has been carried out by criminal gangs, under the watch of Israeli forces,” OCHA’s Jonathan Whittall said in May.Laerke said Tuesday that the UN had 190,000 metric tonnes of aid waiting and ready to go into Gaza.- ‘Beyond comprehension’ -UNICEF spokesman Ricardo Pires meanwhile said the UN children’s agency had 1,370 trucks ready to enter the territory.”The level of destruction, again, is so huge that it will take at least 600 trucks a day, which is the aim that we have,” he said, acknowledging: “We’re far from that”.The World Health Organization also stressed the need to send more aid into Gaza.”We need to scale up the delivery of medical supplies because the pressure on hospitals is not going to ease overnight,” spokesman Tarik Jasarevic told reporters.”We need really to bring as many supplies as we can right now to make sure that those health workers who are still providing health care have what they what they need.”Since the ceasefire between Israel and Hamas took effect on October 10, the WHO had brought eight trucks with medical supplies into Gaza, he said. Even after such aid gets into Gaza, delivering it could be challenging, Laerke said, pointing to the “very fluid situation” on the ground.Just over the weekend, there were some 310,000 Palestinians moving from southern Gaza to the north, and another 23,000 moving in the other direction, he said.At the same time, the UN development agency said the destruction in Gaza was “almost beyond comprehension”.”The debris alone could fill Central Park up to 12 metres (40 feet) high, or equal 13 Great Pyramids of Giza,” said Jaco Cilliers, UNDP’s special representative for assistance to the Palestinian people.The destruction is “devastating”, he told reporters in Geneva, speaking from Jerusalem, stressing that removing the rubble was vital for aid delivery.

IMF urges China ‘rebalance’ consumption, forecasts slowing growth

The IMF said Tuesday that a “rebalancing” of China’s economy through fiscal measures targeting social spending and property would help battle deflationary pressure, as growth in the country is forecast to slow.Beijing has in recent years been seeking to reverse a stubborn slump in household spending as a protracted debt crisis in the real estate …

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Hamas forces back on Gaza streets as truce holds

Hamas security forces were tightening their grip on Gaza’s ruined cities Tuesday even as global support mounted for a US-backed deal that would see them disarmed.When bus loads of prisoners freed from Israeli jails arrived in Gaza on Monday, fighters from Hamas’s Ezzedine al-Qassam Brigades provided crowd control.In the north of the territory, as Israeli forces withdrew from Gaza City, the Hamas government’s black-masked armed police resumed street patrols.Meanwhile, a Hamas security unit has been conducting operations against armed clans and gangs, some alleged to have Israeli backing.”Intense clashes broke out — and are still ongoing at the moment — as part of efforts to eliminate collaborators,” said witness Yahya, who asked not to be named in full for fear of retribution.- Explosions and arrests -Another Gaza resident, Mohammed, told AFP: “For long hours this morning there were heavy clashes between Hamas security forces and members of the Hilles family.”The fighting was in Shujaiya, in the east of Gaza City, close to the so-called Yellow Line, behind which Israeli units still hold roughly half of Gaza.”We heard intense gunfire and explosions, and the security forces arrested some of them. We support this,” Mohammed said, also asking not to be named in full.A Palestinian security source in Gaza told AFP that Hamas’s security body, a recently established unit whose name translates as “Deterrence Force”, was conducting “ongoing field operations to ensure security and stability”.”Our message is clear: There will be no place for outlaws or those who threaten the security of citizens,” he said. – Troops open fire -Hamas accused Israel of breaking the truce by opening fire during the clashes. The military said it had only fired when unidentified Palestinians approached the Yellow Line.”Attempts were made to distance the suspects,” a military statement said. “The suspects did not comply and continued approaching the troops, who opened fire to remove the threat.”Hamas has, since it crushed its rival Fatah in armed clashes, been the dominant Palestinian faction in Gaza since 2007.Israel insists Hamas can have no role in a future Gaza government and must hand back the remains of 24 more deceased hostages and eventually disarm. US President Donald Trump’s Gaza plan says that Hamas members who agree to “decommission their weapons” will be given amnesty.The 20-point document, endorsed Monday by world powers at a Trump-chaired summit in Egypt, also says Gaza will be demilitarised and Hamas have no leadership role.- Thugs and thieves -But for many Palestinians rebuilding their homes and lives Tuesday amid Gaza’s rubble, the sight of the Hamas militants was reassuring.”After the war ended and the police spread out in the streets, we started to feel safe,” said 34-year-old Abu Fadi Al-Banna, in Deir al-Balah, central Gaza. “They began organising traffic and clearing the markets, removing the street vendors who were blocking the roads. We felt protected from thugs and thieves.”Hamdiya Shammiya, 40-year-old from who was driven from her home in northern Gaza by the fighting to seek shelter in the southern city Khan Yunis, agreed.”Thank God the war is finally over. We’ve started to breathe a little,” she said.”Our lives now need patience, order and the safety that the police have started to restore. We’ve already noticed a bit of improvement,” she told AFP.While Palestinians sought stability, Israeli families stepped up pressure for the return of the remains of 24 deceased hostages still held in Gaza.Following the Trump-brokered ceasefire last Friday, 20 surviving hostages returned to scenes of rejoicing, while the remains of four deceased were also handed back.- Bodies identified -But the deal called for the return of all the missing — living and dead — and hostage families and Israeli leaders have demanded Hamas comply.The military said Tuesday the bodies of four hostages returned by Hamas have been identified, including that of a Nepalese student.In a statement, the military named two of the victims as Guy Iluz, an Israeli national, and Bipin Joshi, an agriculture student from Nepal.The names of the other two hostages have not yet been released at the request of their families, the statement added.”The return of Guy and Bipin … brings some measure of comfort to families who have lived with agonising uncertainty and doubt for over two years,” said the Hostages and Missing Families Forum.”We will not rest until all 24 hostages are brought home,” it said.- ‘We’ll have to see’ -On Monday, Trump was in Jerusalem where he sought to celebrate, alongside Israeli Prime Minister Benjamin Netanyahu, the truce and Gaza plan as a win.Then, in Egypt, he joined regional leaders in signing a declaration meant to cement the ceasefire.Addressing the decades-long Israeli-Palestinian conflict, Trump noted “a lot of people like the one state solution, some people like the two state solutions. “We’ll have to see,” he said. “I will decide what I think is right, but I’d be in coordination with other states and other countries.” burs-dc/jd/ser

China sanctions five US units of South Korean ship giant Hanwha

China imposed sanctions on five American subsidiaries of South Korean shipbuilder Hanwha Ocean on Tuesday, accusing them of supporting a US government investigation into the shipping industry, as tit-for-tat port fees took effect.The United States announced in April it would begin applying fees to all arriving Chinese-built and operated ships after a “Section 301” investigation …

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