Business
Trump’s China Tariff Threat Casts Shadow over IMF & World Bank Meetings
In a startling development ahead of this year’s IMF and World Bank annual meetings, former U.S. President Donald Trump has threatened to impose 100% tariffs on Chinese imports in retaliation for China’s recent export controls on rare earths — a move that could reignite full-scale trade war tensions. Reuters
The timing is especially sensitive: these multilateral meetings are typically venues for delicate diplomatic and economic coordination. Analysts warn that Trump’s rhetoric risks overshadowing agenda items intended to stabilize global markets, push development agendas, and address systemic financial vulnerabilities. Reuters
Markets responded with volatility: equities plunged initially as uncertainty flared, then partially rebounded when U.S. Treasury Secretary Scott Bessent attempted to calm nerves, emphasizing that dialogue remains open and a Trump-Xi meeting is under consideration. Reuters
Inside the meetings, tensions are expected around the U.S. push to refocus multilateral institutions away from climate and gender initiatives and toward financial stability. The U.S. also faces scrutiny over its backing for Argentina, raising concerns of politicization of IMF/World Bank lending. Reuters
Why this matters globally:
- If tariff threats materialize, global trade could contract sharply, aggravating a fragile post-pandemic recovery.
- The drift in priorities at multilateral institutions could shift resources away from climate, equality, and social programs.
- Smaller economies risk being squeezed between U.S. pressure and China’s retaliatory economic policy, reducing space for independent development strategies.
Business
Two major parks planned in Riyadh
Authorities in the Saudi capital have unveiled plans to develop two expansive public parks covering more than 310,000 square metres as part of a broader push to increase green spaces across the city.
The Riyadh Region Municipality confirmed on Wednesday that the new developments will be situated in the eastern and southern districts of the capital. The project is designed to transform the city’s urban landscape, shifting away from traditional park layouts toward integrated “urban destinations” that cater to both recreation and environmental sustainability.
Central to the design is a scenic valley that will serve as a functional and visual anchor for both sites. According to municipal officials, the parks are intended to bolster the city’s “urban fabric” by providing high-quality public areas that align with the quality-of-life goals set out in the Saudi Vision 2030 framework.
The facilities planned for the 317,200-square-metre footprint are extensive. Beyond standard greenery, the sites will feature a golf course, multi-purpose sports fields, and dedicated jogging tracks. Families will have access to children’s play areas and water features, while the inclusion of a theatre and designated event spaces suggests the parks will double as cultural hubs for the local community.
“These parks represent high-quality developments aimed at expanding public spaces across the capital,” the municipality said in a statement. The announcement noted that the projects would also include a range of commercial amenities, including restaurants and cafés, to ensure the parks remain active throughout the day.
This latest initiative follows a series of large-scale environmental projects in the Kingdom, where officials are increasingly prioritising “livability” as Riyadh undergoes population and infrastructure expansion. The municipality highlighted that the design focuses on “environmental sensitivity,” incorporating innovative greening techniques to manage the arid climate while maintaining sustainable water use.
“These parks represent high-quality developments aimed at expanding public spaces across the capital,” the municipality said in a statement. The announcement noted that the projects would also include a range of commercial amenities, including restaurants and cafés, to ensure the parks remain active throughout the day.
This latest initiative follows a series of large-scale environmental projects in the Kingdom, where officials are increasingly prioritising “livability” as Riyadh undergoes population and infrastructure expansion. The municipality highlighted that the design focuses on “environmental sensitivity,” incorporating innovative greening techniques to manage the arid climate while maintaining sustainable water use.
GN
Business
Prince William to Official Visit Saudi Arabia in February
Britain’s Prince William is set to visit Saudi Arabia for the first time in an official capacity, Kensington Palace announced on Wednesday. The trip is scheduled from February 9 to 11, 2026.
Strengthening Ties Between the UK and Saudi Arabia
According to Kensington Palace, the visit comes as the UK and Saudi Arabia mark growing trade, energy, and investment partnerships. It also coincides with celebrations of nearly a century of diplomatic relations between the two nations.
A First for the Duke
This will be Prince William’s first official trip to Saudi Arabia, highlighting the importance of the country in the UK’s international relations and economic strategy.
What to Expect
While details of the itinerary haven’t been fully released, the visit is expected to include meetings with Saudi officials and discussions on trade, investment, and energy collaboration.
The visit signals a continued focus on strengthening ties between London and Riyadh, while marking a historic moment in Prince William’s international engagements.
Business
Japan tourist arrivals hit record 42.7 million in 2025
Tourists to Japan hit a record 42.7 million in 2025, exceeding 40 million for the first time, Japan’s Tourism Minister, Yasushi Kaneko, told a press conference.
Total spending by inbound tourists reached 9.5 trillion yen ($60 billion) over the year, also a record high.
WAM
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