Economy News

Economy

Eurozone Faces Shrinking Goods Trade Surplus: A Deep Dive into June's Economic Shift

The Eurozone's goods trade surplus fell sharply to €7 billion in June, down from €20.7 billion a year ago, with exports growing slightly and imports rising significantly. The EU's ...

Economy

Swiss Industrial Production Faces Slight Decline in Q2: A Closer Look at the Numbers

Switzerland's industrial production saw a slight decline of 0.1% in Q2 compared to the previous year, with the secondary sector and mining activities experiencing sharper decreases...

Economy

Korea and India Forge Stronger Ties in Supply Chain and Security on 10th Anniversary of Strategic Partnership

South Korea and India celebrate the 10th anniversary of their 'Special Strategic Partnership' with commitments to strengthen cooperation in supply chains, security, and cultural ex...

Economy

China's Domestic Durian Ambitions: A Looming Threat to Vietnam's Lucrative Export Market?

China's ambitious durian cultivation in Hainan aims to reduce import dependency, posing potential challenges for Vietnam's export market. Despite rapid expansion, experts doubt imm...

Economy

Vietnam's Booming Economy Attracts Foreign Firms in Unprecedented Hiring Spree

Vietnam's economy is attracting foreign firms, leading to a hiring boom across sectors like technology, manufacturing, and renewable energy. Companies like SAP, Honda, and Foxconn ...

Economy

Vietnam's Fruit and Vegetable Exports to China Plummet by 15% in 2025 Amid Stricter Regulations

Vietnam's fruit and vegetable exports to China dropped by 15% in 2025 due to stricter regulations, with an earlier 80% plunge. However, other markets like the U.S. and Japan show g...

Economy

Johor Proposes Stricter Penalties for Foreign-Registered Vehicles Using Subsidized Fuel After Viral Incident

Johor proposes stricter penalties for foreign-registered vehicles misusing subsidized fuel after a viral incident involving a Singapore luxury car. Current laws fine only petrol st...

Economy

US Oil Rig Count Sees Slight Increase to 412, Marking a Weekly Rise Amid Annual Decline

The U.S. oil rig count slightly increased to 412 in the week ending August 15, with a notable annual decline. Gas rigs and total rigs showed mixed trends, while Canada experienced ...