UK faces biggest hit to growth from Iran war of major economies, IMF says

Gates’s decision to not speak to the summit came after days of uncertainty over whether he would attend. He is currently in India and had visited the southern state of Andhra Pradesh on Monday, where he reportedly discussed initiatives for boosting health, agriculture, education and technology.

The US announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said was “the single greatest financial offensive ever”. Labelling it an “economic D-Day” for Iran, Bessent said the US would sever all economic ties with the country and added that any nation financially partnering with Iran…

Faisal IslamEconomics editor, Davos, Switzerland EPA-EFE/REX/Shutterstock Trump appeared at Davos remotely last year, just a few days after his inauguration Apart from the snow and the temperature Greenland does not have much in common with the Swiss alps. But the fight for the future of the island looms over the gathering of world leaders and…