Two days of talks between delegations from Beijing and Washington ended without an extension of the tariff truce set to expire on August 12. US Treasury Secretary Scott Bessent said that Donald Trump still needs to be briefed on the discussions. Also, the International Monetary Fund has revised its global growth outlook upward, as Trump’s tariff policies are scaled back. And, Lesotho's textile industry remains on edge ahead of the August 1 tariff deadline.