Economy News

Economy

Vietnam Challenges Trump's 46% Reciprocal Tariff as Unfair Amidst Trade Tensions

Vietnam disputes U.S. President Donald Trump's 46% reciprocal tariff as unfair, citing its lower average import duties and efforts to address trade imbalances. The country seeks ne...

Economy

Italy Achieves Remarkable Turnaround: Posts 0.4% Budget Surplus in Q4 2024 Amid Economic Recovery

Italy reported a 0.4% GDP budget surplus in Q4 2024, a significant improvement from a 6.6% deficit in 2023. Despite rising revenues and falling expenditures, household savings and ...

Economy

March Marks Historic High for UK's Electric Vehicle Registrations Amid Overall Car Sales Surge

The UK witnessed a 12.4% surge in car registrations in March, with electric vehicles leading the charge. BEVs, PHEVs, and HEVs saw significant growth, marking a historic high for e...

Economy

UK Construction Sector Shows Signs of Recovery in March Despite Ongoing Challenges

The UK construction sector saw a slight recovery in March with the PMI increasing to 46.4, yet it continues to contract. Civil engineering experienced the sharpest decline, while r...

Economy

Electric Vehicles Drive UK Car Registrations to Record High in March with 12.4% Surge

UK car registrations surged by 12.4% in March, driven by a record-breaking demand for electric vehicles, while traditional petrol and diesel vehicles continued to decline. The year...

Economy

March Brings a Slight Recovery in UK Construction Activity Amid Ongoing Challenges

The UK construction sector showed a slight recovery in March with the PMI rising to 46.4, though civil engineering saw the fastest contraction since October 2020. Employment challe...

Economy

Italy Achieves a Surprising 0.4% Budget Surplus in the Final Quarter of 2024

Italy surprises with a 0.4% budget surplus in Q4 2024, signaling a potential turning point in its economic recovery and fiscal stability.

Economy

Vietnam Mobilizes Quick Response Team Amidst US Tariff Hike: A Strategic Move to Safeguard Economy

Vietnam establishes a quick response team led by Deputy Prime Minister Bui Thanh Son to address the US's new steep tariffs, aiming to protect its economy and maintain growth target...