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

1d 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

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

UK and Mexico launch trade talks

Britain and Mexico kicked off negotiations on Friday to pin down a post-Brexit free trade deal, the UK government announced.

2y ago

US, S Korea sign pact on supply chains

The United States and South Korea have agreed to work more closely on crucial trade and supply-chain issues, the US Commerce Department announced Saturday.

2y ago

India trims tax on fuel, essentials

India on Saturday announced a series of changes to the tax structure levied on crucial commodities in a bid to insulate consumers from rising prices amid high inflation.

2y ago

British pound: the sick man of the currency world

In volatile currency markets, one trade stands out as an easy bet: selling the British pound.

2y ago

Bitter harvest for Indian farmers after wheat export ban

When New Delhi banned wheat exports as prices soared over Russia’s invasion of Ukraine it provoked consternation abroad and drove the cereal even higher.

2y ago

Bangladesh, India navies begin coordinated patrol in Bay

The fourth edition of the coordinated patrol (CORPAT) between the navies of Bangladesh and India began today (May 22, 2022) in the northern Bay of Bengal.

2y ago

Japan’s inflation hits 7-year high

Japan’s core consumer prices posted their biggest jump in seven years in April, official data showed Friday, as global commodity prices soared and the yen slumped against the dollar.

2y ago

Germany and Italy okayed payments after Brussels’ nod

Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.

2y ago

Recession fears spook global markets

European and Asian markets took a beating Thursday, while the dollar tumbled a day after Wall Street suffered one of its worst batterings in two years over recession fears amid decades-high inflation.

2y ago