Global Economy News
LAST UPDATE: May 18, 2025
G7 Business Leaders Urge Removal of Trade Barriers
Reuters
Business leaders from the G7 nations have called for the elimination of trade restrictions and increased investment in critical minerals to enhance supply chain resilience.
Insight
The appeal underscores the private sector’s concern over protectionist policies and highlights the necessity for collaborative efforts to strengthen global trade frameworks and supply chains.
Conflict and climate drive record global hunger in 2024, UN says
Reuters
The UN reports that in 2024, over 295 million people across 53 countries faced acute food insecurity, driven by conflicts, climate-related disasters, and economic shocks.
Insight
The convergence of conflict, climate change, and economic instability has exacerbated global hunger, emphasizing the urgent need for integrated strategies to address these interconnected challenges.
Rubio meets UK, France, Germany on Iran, Ukraine
AFP
US Secretary of State Marco Rubio met with national security advisers from the UK, France, and Germany in Istanbul to discuss Iran’s nuclear program and the situation in Ukraine.
Insight
The meetings reflect ongoing diplomatic efforts to address complex international security issues, highlighting the importance of multilateral engagement in resolving global conflicts.
Pope Leo urges respect for migrants, challenging Trump views
Reuters
In his first address to world diplomats, Pope Leo XIV emphasized the dignity of migrants and called for global disarmament, indirectly challenging US immigration policies.
Insight
Pope Leo’s remarks signal a continuation of the Vatican’s advocacy for humanitarian issues, potentially influencing international discourse on migration and peace.
