World News in Brief: March 17

New Zealand and India have agreed to start negotiations on a Comprehensive Free Trade Agreement (FTA) in April after a meeting between trade ministers of the two countries on Sunday.
Semeru Volcano in East Java erupted seven times on Monday morning, throwing ash up to 1,000 meters, according to a Mount Semeru Observation Post operator.
Semeru Volcano in East Java erupted seven times on Monday morning, throwing ash up to 1,000 meters, according to a Mount Semeru Observation Post operator.

* The China Banking Association and the All-China Federation of Industry and Commerce jointly issued a proposal on Monday, calling on the country's banking financial institutions to use more concrete measures to enhance services for private enterprises.

* There are "no guarantees" that the U.S. economy would not face a recession during U.S. President Donald Trump's tenure, said Treasury Secretary Scott Bessent in an interview with NBC on Sunday.

* U.S. President Donald Trump said he plans to talk with Russian President Vladimir Putin on Tuesday about settling the conflict in Ukraine, U.S. media reported.

* Russia will demand concrete security guarantees from the United States and NATO as part of any agreement on Ukraine, Russian Deputy Foreign Minister Alexander Grushko said in an interview with local media on Sunday.

* Russia has rejected the possible deployment of NATO peacekeepers in Ukraine, suggesting unarmed observers or a civilian monitoring group sent there to oversee a potential peace deal.

* The Democratic People's Republic of Korea (DPRK) condemned G7 (Group of 7) over its statement on the country's nuclear program, state media said on Monday.

* Tens of thousands of Italians gathered in central Rome on Saturday to voice their support for greater European Union (EU) unity amid growing geopolitical uncertainties and concerns over transatlantic relations.

* Iraqi Prime Minister Mohammed Shia' al-Sudani emphasized on Sunday that de-escalation and dialogue are the most effective paths to resolving crises in a region as sensitive and vital as the Middle East.

* U.S. airstrikes on Yemen targeted and "took out" multiple Houthis leaders on Saturday, White House National Security Advisor Mike Waltz said Sunday.

* Yemen's Houthi military spokesperson said Monday that his group launched a second attack targeting a U.S. aircraft carrier in the northern Red Sea after the U.S. military conducted fresh airstrikes on Houthi targets.

* At least 15 Palestinians in the Gaza Strip were killed by Israeli military strikes over the past 24 hours, the enclave's health authorities said on Sunday.

* Oman's Foreign Ministry on Sunday expressed deep concern over the recent military escalation in Yemen and its severe humanitarian impact, including civilian casualties.

* Iraqi Prime Minister Mohammed Shia' al-Sudani emphasized on Sunday that de-escalation and dialogue are the most effective paths to resolving crises in a region as sensitive and vital as the Middle East.

* Rwanda on Monday severed its diplomatic relations with Belgium, citing Brussels' "pitiful attempts to sustain its neocolonial delusions."

* The Sudanese Armed Forces (SAF) declared on Sunday that its troops had made significant progress in the capital Khartoum, a claim denied by the paramilitary Rapid Support Forces (RSF).

* NASA astronauts Suni Williams and Butch Wilmore, who have been stranded at the International Space Station (ISS) since last June, are scheduled to return to Earth aboard SpaceX's Dragon spacecraft on Tuesday, according to NASA.

* Global gross domestic product (GDP) growth is projected to moderate from 3.2 percent in 2024 to 3.1 percent in 2025 and 3.0 percent in 2026, the Organization for Economic Cooperation and Development (OECD) said on Monday in its latest Economic Outlook.

* Singapore's non-oil domestic exports (NODX) rose by 7.6 percent year-on-year in February, reversing the 2.1 percent decline recorded in January, according to data released by Enterprise Singapore on Monday.

* India's wholesale price index (WPI) rose to 2.38 percent in February this year, data released by the Federal Ministry of Commerce and Industry Monday said.

* Republic of Korea's money supply grew for the 20th successive month due to robust demand for deposits and money trusts, central bank data showed Monday. The seasonally-adjusted M2, or broad money, gained 0.5 percent to 4,203.8 trillion won (2.9 trillion USD) in January compared to the previous month, continuing to rise since June 2023, according to the Bank of Korea (BOK).

* Indonesia's external debt grew 5.1 percent year-on-year to 427.5 billion USD at the end of January 2025, accelerating from 4.2 percent year-on-year growth in December 2024, the country's central bank announced on Monday.

* Personal remittances from overseas Filipinos reached 3.24 billion USD in January 2025, 2.9 percent higher than the 3.15 billion dollars recorded in January 2024, the Philippine central bank said Monday.

* Afghanistan exported and imported commercial goods valued at more than 1.2 billion USD over the past month, data from the country's National Statistics and Information Authority (NSIA) showed on Monday.

* Extreme heat is a major contributor to heart disease in Australia, responsible for 7.3 percent of the total cardiovascular disease burden, a new study said on Monday.

Xinhua