'Global conflicts strain developing economies'

IANS | April 16, 2026 8:03 AM

Washington, April 16 (IANS) Global conflicts and supply chain disruptions are adding to economic stress in developing countries, with the Intergovernmental Group of Twenty-Four (G-24) warning that recent gains on inflation and growth are at risk.

US backs Lebanon peace push, not truce

IANS | April 16, 2026 7:56 AM

Washington, April 16 (IANS) The United States has clarified that a possible ceasefire between Israel and Lebanon is not part of its negotiations with Iran, even as Washington steps up diplomatic efforts to ease tensions along Israel’s northern border.

US tightens pressure on Iran, signals crackdown on global oil trade links

IANS | April 16, 2026 7:46 AM

Washington, April 16 (IANS) The Trump administration has intensified its economic campaign against Iran, warning of tougher sanctions, including secondary penalties on countries and banks dealing with Iranian oil, as part of what officials described as a broader strategy combining financial and geopolitical pressure.

War risks drag global growth to 3.1 pc: IMF

IANS | April 16, 2026 7:39 AM

Washington, April 16 (IANS) The global economy is set to slow in 2026 as war-driven disruptions in energy supplies and trade routes push up prices and dent growth, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said, warning of tougher conditions if the conflict persists.

India resilient despite global shocks, says IMF chief

IANS | April 16, 2026 6:59 AM

Washington, April 16 (IANS) India’s economy is expected to remain resilient even as global growth slows amid war-driven disruptions, with strong fundamentals helping it outperform most economies, the International Monetary Fund’s Managing Director Kristalina Georgieva has said.

Iran tensions cloud US gas price outlook

IANS | April 16, 2026 6:36 AM

Washington, April 16 (IANS) The Trump administration has linked the outlook for US fuel prices to developments in the Iran conflict, saying a sustained drop in gasoline costs will depend on the reopening of the Strait of Hormuz and progress in ongoing negotiations.

Trump's tax cuts delivers record refund on Tax Day: White House

IANS | April 16, 2026 6:24 AM

Washington, April 16 (IANS) President Donald Trump’s working families tax cuts have delivered record refunds and broad relief to millions of Americans, the White House stated, citing strong uptake across key provisions such as no tax on overtime and tips.