Economy News

Economy

Bessent Urges Comprehensive Review of Federal Reserve Amid Trump Administration Scrutiny

US Treasury Secretary Scott Bessent advocates for a comprehensive review of the Federal Reserve by the Trump administration, amidst discussions on interest rates and Fed leadership...

Economy

Vietnam's Electric Bike Revolution: How Cities Are Banning Gasoline Motorbikes for a Greener Future

Vietnam is transitioning towards electric vehicles with Hanoi and HCMC leading the way by banning gasoline motorbikes in key areas. This shift is fostering growth in the electric b...

Economy

Trump Administration Eyes Federal Reserve Renovation Amid Tensions with Powell

The Trump administration plans to inspect the Federal Reserve's $2.5 billion renovation, with potential implications for Fed Chair Jerome Powell amid existing tensions over monetar...

Economy

Mid-July Sees a 2.2% Dip in Exports: Semiconductor Gains Offset by Overall Decline

Mid-July exports fell by 2.2%, with semiconductor gains overshadowed by overall declines. Exports to the U.S. dropped 2.1%, while imports decreased more sharply, resulting in a $50...

Economy

Breaking: U.S. and EU on the Brink of Historic Trade Agreement, Tariff Overhaul Imminent

U.S. Commerce Secretary Howard Lutnick announces nearing a historic trade agreement with the EU and introduces a new tariff policy, including a 10% baseline tariff for small countr...

Economy

Vietnam's Aviation Boom: Airlines Expand Global Reach with New Direct Flights

Vietnamese airlines are rapidly expanding their international flight networks, offering more direct routes to global destinations. This growth enhances travel convenience, supports...

Economy

Electric Dreams Fuel Surge: Motorbike Sales Jump 6.4% in First Half Amidst Green Revolution

Motorbike sales rose by 6.4% in the first half of the year, with electric vehicles like VinFast showing promising growth. Hanoi's plan to phase out fossil fuel motorbikes by 2026 c...

Economy

Historic Summit: Trump, Xi, and Putin Set to Meet in Beijing This September Amid Global Tensions

A potential meeting between Trump, Xi, and Putin in Beijing this September could mark a pivotal moment in global diplomacy, as it coincides with WWII commemorations and ongoing tra...