Global Economy

Global Economy

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.

3h 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

5h 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.

7h 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

8h 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.

9h 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.

18h 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.

18h ago

Americans sour on Trump's handling of the economy, Reuters/Ipsos poll finds

Just 37% of respondents to the six-day poll approve of Trump's handling of the economy

21h ago

Rouble firms past 57 vs dollar for first time in 4 years

The Russian rouble strengthened to levels not seen since March 2018 against the dollar on Tuesday, boosted by export-focused companies selling foreign currency to pay taxes and shrugging off a slight easing of capital controls.

2y ago

Palm oil: Local prices fall as Indonesia lifts ban on exports

Palm oil prices in domestic wholesale and retail markets have started cooling off after Indonesia announced that it would resume exports of the product.

2y ago

Rouble gains 4pc vs dollar

The Russian rouble firmed around 4 per cent against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

2y ago

Inflation in Sri Lanka hits new record

Sri Lanka’s inflation hit a seventh consecutive record high in April as a petrol shortage worsened and food prices rose sharply, official data showed Monday.

2y ago

Turkey dreams of far-fetched gas pipeline with Israel

Turkey is ready for energy cooperation with Israel after years of enmity, reviving a project to pipe Israeli gas to Europe as Ankara seeks to reduce its dependence on Russia.

2y ago

Biden says US recession not inevitable

A recession in the United States is not inevitable, President Joe Biden said Monday, while acknowledging the economic pain experienced by Americans as inflation soars.

2y ago

ECB plans end to negative rates era as inflation soars

Negative interest rates will soon be a thing of the past in the eurozone, the ECB’s chief signalled Monday, with the bank poised to raise rates for the first time in over a decade to tamp down soaring inflation.

2y ago

Indonesia due to restart palm oil export amid uncertainty over rules

Indonesia is due to resume exports of palm oil on Monday after a ban of more than three weeks, but industry traders and companies were awaiting details on accompanying rules to secure domestic supplies of the edible oil to control cooking oil prices.

2y ago

Big brands fret over China as middle-class spurns luxury

Chloe Kou, a 28-year old beauty brand marketing manager from Shanghai, won’t be buying her usual  “one or two” high-end handbags this year. Instead, she plans to save not spend, and that is a problem for luxury brands.

2y ago

Hyundai Motor to invest $10b in US

Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology.

2y ago