Economy News

Economy

Erste Group Secures Landmark €7 Billion Deal with Santander, Expanding Polish Market Foothold

Erste Group Bank AG announces a €7.0 billion deal with Banco Santander, acquiring significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy Inwestycyjnyc...

Economy

ECB's Fabio Panetta Issues Stark Warning: Protectionism Could Undermine Global Prosperity

ECB's Fabio Panetta warns that protectionist policies, like those of the US, could erode global prosperity. Highlighting the benefits of open trade in reducing inequality and pover...

Economy

Vietnam and US Set to Launch Crucial Trade Negotiations on May 7 Amid Global Economic Shifts

Vietnam is preparing for important trade negotiations with the U.S. on May 7, aiming to address the challenges posed by global economic shifts and U.S. tariffs. The talks will focu...

Economy

ECB's Fabio Panetta Alerts: Rising Protectionism Risks Global Prosperity and Trade Openness

Fabio Panetta of the ECB warns that protectionist policies, especially those of the US, threaten global prosperity by undermining the benefits of open trade which has reduced inequ...

Economy

Eurozone Investor Confidence Shows Surprising Uptick in May Amid Global Economic Challenges

Investor confidence in the euro area improved in May, with the Sentix confidence index rising from -19.5 in April to -8.1. The current situation and expectations indices also showe...

Economy

Erste Group Secures Landmark €7 Billion Deal with Santander for Major Stake in Polish Operations

Erste Group Bank AG announces a €7.0 billion deal with Banco Santander to acquire significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy Inwestycyjnyc...

Economy

Ho Chi Minh City Aims for a Staggering $7,850 Per Capita Income in 2023, Surpassing National Goals

Ho Chi Minh City targets a per capita income of $7,850 in 2023, 57% above the national goal. Ranked second in income among centrally-governed cities but third in cost of living, th...

Economy

China Signals Willingness for US Trade Talks, Insists on Tariff Removal as First Step

China has expressed openness to trade talks with the U.S. but demands the removal of tariffs as a precondition. The trade war has led to significant tariffs on both sides, with hig...