Economy News

Economy

Russia Aims to Rule Asian Gas Markets by 2050 with Advanced Pipeline and LNG Expansion

Russian Deputy Prime Minister Alexander Novak predicts Russia will dominate Asian gas markets by 2050, through technological advances and increased LNG production, aiming for 197 b...

Economy

Tupai King: Malaysia's Newest and Priciest Durian Variety Captivates Global Gourmets

Tupai King, Malaysia's newest durian variety, is gaining international fame for its unique taste and high price. Despite limited supply and climate challenges, its future looks bri...

Economy

Vietnam's Durian Exports to China Face a 74% Plunge: A Call for Urgent Agricultural Reforms

Vietnam's durian exports to China have drastically fallen by 74%, attributed to technical and regulatory challenges. The government is seeking to improve coordination with Chinese ...

Economy

Breaking: U.S. and China Forge Historic Trade Agreement to Slash Tariffs, Easing Economic Tensions

The U.S. and China have reached a historic trade agreement to significantly reduce tariffs on each other's goods, marking a pivotal moment in their trade relations. The agreement, ...

Economy

BoE's Lombardelli Highlights Restrictive Monetary Policy Amid Inflation Concerns

BoE's Clare Lombardelli discusses the restrictive nature of current monetary policy at 4.25% interest rate, emphasizing caution and the need for sustained economic data improvement...

Economy

Breaking: US and China Agree on Tariff Truce, Aim for Balanced Trade Without Decoupling

US Treasury Secretary Scott Bessent announces a 90-day tariff pause with China, emphasizing both countries' desire to avoid decoupling and achieve a more balanced trade relationshi...

Economy

KDI Sounds Alarm: South Korea Faces Significant Economic Slowdown in 2023

The Korea Development Institute (KDI) warns of an economic slowdown in South Korea, citing a record low GDP growth rate in the first quarter of 2023, weakened construction sector, ...

Economy

Thailand Relaxes Alcohol Ban on Buddhist Holidays to Boost Tourism and Nightlife

Thailand has eased its alcohol ban on five Buddhist holidays, allowing select venues like airports and hotels to serve alcohol, aiming to boost tourism. This change is part of the ...