Global Economy News
LAST UPDATE: May 16, 2025
India and Pakistan trade accusations of nuclear arsenal mismanagement
AFP
India and Pakistan have exchanged accusations over the mismanagement of their respective nuclear arsenals following a recent military conflict. Indian Defence Minister Rajnath Singh called for the IAEA to oversee Pakistan's nuclear weapons, citing safety concerns. Pakistan rejected the allegations and criticized India's nuclear record.
Insight
The mutual distrust between India and Pakistan regarding nuclear security underscores the fragile stability in South Asia. India's call for international oversight reflects its apprehension about Pakistan's nuclear capabilities, while Pakistan's rebuttal highlights the deep-seated tensions and the challenges in achieving transparency and trust between the two nations.
World Economic Forum Chases Lagarde as Its Next Leader After Founder’s Abrupt Exit
Bloomberg
Following Klaus Schwab's sudden resignation amid an internal investigation, the World Economic Forum is considering European Central Bank President Christine Lagarde as his successor. Lagarde's extensive experience in global finance positions her as a strong candidate to lead the organization forward.
Insight
The potential appointment of Lagarde signifies a strategic move to restore credibility and stability within the World Economic Forum after Schwab's unexpected departure. Her leadership could bring a renewed focus on economic policy and international cooperation.
India calls for IAEA oversight of Pakistan's nuclear weapons
Reuters
Indian Defence Minister Rajnath Singh has urged the IAEA to take control of Pakistan's nuclear arsenal following a recent military escalation. Singh labeled Pakistan as an irresponsible state and questioned the safety of its nuclear weapons. Pakistan denied the allegations and criticized India's stance.
Insight
India's appeal to the IAEA reflects its concerns over nuclear security in the region and aims to internationalize the issue. This move could increase diplomatic pressure on Pakistan but may also escalate tensions between the two countries.
