Economy News

Economy

Unbelievable Bargain: Why Durians in Vietnam's Mekong Delta Are Selling for Just $1 per Kilogram

Durians in Vietnam's Mekong Delta are being sold at unusually low prices due to premature falling from trees caused by bad weather, leading to quality concerns and a significant dr...

Economy

China's Inflation Stagnates: CPI Dips 0.1% in April, Mirroring March's Decline

China's CPI dipped 0.1% in April, unchanged from March, indicating persistent deflationary pressures. Monthly CPI showed a slight recovery, while PPI continued to decline, reflecti...

Economy

China Boosts 24/7 Customs Operations to Welcome Thailand's Durian Exports Amid Safety Checks

China has implemented 24/7 customs operations to expedite Thai durian imports, alongside enhanced safety checks for contaminants. Thailand is boosting its quality control measures ...

Economy

UK Launches Unprecedented Sanctions Against Russia's Shadow Oil Fleet, Targeting Over $24 Billion in Cargo

The UK government has imposed its largest sanctions package yet on Russia's shadow fleet, targeting 100 vessels involved in transporting over $24 billion in cargo since 2024, aimin...

Economy

Exclusive: Trump Boasts US Will Reap Massive Profits from Strategic Tariffs and Trade Deals

President Donald Trump claims the US will profit significantly from tariffs, highlighting a new trade deal with the UK and upcoming talks with China. The agreement with British Pri...

Economy

US Oil Rig Count Drops by 5 to 474: A Weekly Decline Reflecting Industry Trends

The US oil rig count decreased by five to 474, with a significant annual decline. Gas rigs remained stable weekly but dropped annually. Canada also saw a decrease in rig counts, hi...

Economy

Chicago Fed President Goolsbee Cautions Against Resurgence of High Inflation Rates

Chicago Fed President Austan Goolsbee warns against returning to high inflation, emphasizing the goal to maintain a 2% annual rate. Recent data shows U.S. inflation decreasing to 2...

Economy

Switzerland Aims for Historic US Trade Deal: A New Chapter in Bilateral Relations

Switzerland is actively seeking a fundamental customs agreement with the United States, with President Karin Keller-Sutter highlighting the country's expedited treatment in trade d...