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US Treasury chief says IMF, World Bank must be 'fit for purpose'
US Treasury chief says IMF, World Bank must be 'fit for purpose'
by  AFP

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues. "Economic stability and growth should be the markers of the IMF's success -- not how much money the institution lends out," he said.

Boeing says China not accepting planes over US tariffs
Boeing says China not accepting planes over US tariffs
by  AFP

Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss. The aviation giant reported a loss of $123 million in the first quarter, smaller than the $343 million loss in the year-ago period.