International

IMF Approves $350 Million Tranche for Sri Lanka’s Recovery

By BPN News Desk July 2, 2025

The International Monetary Fund (IMF) has approved the release of $350 million to Sri Lanka following the successful completion of the fourth review under its $2.9 billion Extended Fund Facility (EFF). This latest disbursement brings the total assistance received by Sri Lanka under the program to approximately $1.74 billion, marking a crucial step in the […]

International

Two Chinese Nationals Charged for Recruiting U.S. Military Spies for Beijing

By BPN News Desk July 2, 2025

U.S. law enforcement has arrested and charged two Chinese nationals in a high-profile espionage case involving an alleged scheme to recruit military personnel as spies. The accused, who lived in the U.S. under false documents, allegedly attempted to cultivate sources close to the U.S. military to pass secret information to Beijing. Espionage Allegations Both

International

IMF Releases $500 Million to Ukraine After Review Clearance

By BPN News Desk July 2, 2025

The International Monetary Fund has approved a $500 million disbursement to Ukraine following the successful completion of the eighth review under its $15.5 billion Extended Fund Facility (EFF). With this, total disbursements under the programme now stand at $10.6 billion, bolstering Ukraine’s macroeconomic stability amid continued war-time challenges. IMF Ukraine The

International

Trump-Backed Bill Threatens 500% Tariffs on India, China Over Russia Oil Trade

By BPN News Desk July 2, 2025

In a move that could significantly alter global trade dynamics, U.S. President Donald Trump has endorsed a new Senate bill proposing the imposition of 500% tariffs on countries maintaining strong economic ties with Russia—specifically targeting India and China. The dramatic proposal is being justified as a means to cut off the financial arteries that allegedly […]

International

Trump Signals “Much Less Tariffs” as India-US Trade Deal Nears Conclusion

By BPN News Desk July 2, 2025

U.S. President Donald Trump has given the clearest indication yet that a long-awaited bilateral trade agreement between the United States and India is imminent, saying he expects “much less tariffs” under the proposed deal. With just days left before a July 9 deadline that would trigger steep reciprocal tariff hikes, both sides appear eager to […]

International

Japan Faces 30–35% Tariff Risk as Trump Doubts Deal

By BPN News Desk July 2, 2025

With a critical trade deadline fast approaching, President Donald Trump has signaled that a deal with Japan is unlikely, raising the prospect of imposing steep tariffs on Japanese imports. Trump indicated that unless an agreement is reached by July 9, the United States may levy tariffs ranging from 30% to 35%, up from the current […]

International

Pakistan Takes Charge of UNSC Presidency for July

By BPN News Desk July 2, 2025

Pakistan officially began its month-long presidency of the United Nations Security Council on July 1, 2025, marking the eighth time it has assumed this role during its current non-permanent membership. The presidency, which rotates monthly among the 15 Council members, gives Pakistan the authority to preside over meetings, set the Council’s agenda, and represent the […]

International

Senate Passes Trump’s ‘Big, Beautiful’ Tax Bill by One Vote

By BPN News Desk July 2, 2025

The United States Senate has narrowly approved President Donald Trump’s massive tax and spending proposal dubbed the “One Big Beautiful Bill Act,” in a dramatic 51–50 vote. Vice President J.D. Vance cast the deciding vote after three Republican senators broke ranks, creating a deadlock in the chamber. Tax Cuts The bill seeks to make permanent […]

International

Israel Agrees to Conditions for 60‑Day Gaza Ceasefire, Trump Says

By BPN News Desk July 2, 2025

In a significant development, President Donald Trump confirmed that Israel has accepted specific conditions for a 60-day ceasefire in Gaza. This announcement signals a breakthrough in ongoing diplomatic efforts aimed at halting hostilities and alleviating the humanitarian crisis in the region. Trump, addressing reporters at a recent event, reiterated that “Israel has

International

Trump to Host Netanyahu at White House on July 7 for Gaza Ceasefire Talks

By BPN News Desk July 1, 2025

U.S. President Donald Trump will welcome Israeli Prime Minister Benjamin Netanyahu to the White House on July 7, in a crucial meeting aimed at securing a ceasefire in Gaza and pressing for the release of Israeli hostages still held by Hamas. This visit, Netanyahu’s third since Trump assumed office in January, underscores the urgency and […]