Global Economy

Global Economy

Ctg port will earn more if foreign operator is appointed: CPA chairman

Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal

22h ago

Chinese business in Vietnam struggles with Trump tariffs uncertainty

But in Vietnam's northern industrial Bac Ninh province, Chinese businesses that AFP interviewed -- most of whom are linked to the export supply chain -- said investors were hesitating and anxiety was widespread.

1d ago

Tesla's EU sales plunge as Musk takes flak

Sales of the sleek machines fell 45 percent to just over 36,000 units in the first quarter of 2025 in EU

1d ago

Vietnam and US start trade talks: Hanoi

The United States was Vietnam's biggest export market in the first three months of the year.

1d ago

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

The IMF on Wednesday announced that economic pressures from steep new US tariffs will push global public debt above pandemic-era levels

1d ago

Trump seeks 'fair deal' with China but pathway unclear

Trump told reporters his country would have a "fair deal with China," adding that "everything's active" when asked if Washington was talking to Beijing.

1d ago

EuroCham urges fair treatment

The European Union Chamber of Commerce in Bangladesh (EuroCham) urged the interim government to avoid discrimination against companies based in the bloc as Bangladesh weighs up substantial trade concessions for the United States.

1d ago

Apple fined $570m and Meta $228m for breach of EU law

Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.

1d ago

India imposes temporary tariff on some steel to stem cheap imports from China

A flood of Chinese steel in recent years has pushed some Indian mills to scale down operations and mull job cuts

3d ago

Police, Bida launch special security measures for foreign investors

Held meeting with officials of foreign companies, introduced dedicated emergency contact line

4d ago

DHL to stop global shipments worth over $800 to US consumers

As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500 as of April 5.

4d ago

Gold hits record, dollar drops as tariff fears dampen sentiment

The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.

4d ago

China warns countries against striking trade deals with US at its expense

Beijing "will take countermeasures in a resolute and reciprocal manner" if any country sought such deals, a ministry spokesperson said

4d ago

Gas price hike, US tariff double blow to industries: experts

The fresh gas price hike has become a major challenge for local industries at a time when they are at risk of experiencing a fall in exports to the US due to the new Trump tariffs, a trade expert said today.

4d ago

China's US envoy urges end to trade war, but warns Beijing ready to fight

The trade war has all but frozen the mammoth trade between the world's two largest economies with tariffs over 100% in each direction and a suite of trade, investment and cultural restrictions.

5d ago

Analysts warn US could be handing chip market to China

Silicon Valley semiconductor star Nvidia and its US rival Advanced Micro Devices (AMD) expect big financial hits from new US licensing requirements for semiconductors exported to China, they notified regulators this week.

5d ago

Tariffs could lift Boeing and Airbus plane prices even higher

The American and European aerospace giants have grappled with higher expenses for primary materials such as titanium, components and energy, as well as overall labor cost pressures.

5d ago

China’s manufacturing backbone feels Trump trade war pinch

Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week -- with some fearing business may never return.

5d ago