Economy News

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...

Economy

US Oil Rig Count Dips Slightly While Gas Rigs Surge: A Weekly Energy Market Update

The US oil rig count slightly decreased to 422, down by two from last week, with a significant annual drop. Meanwhile, gas rigs surged by nine to 117, contributing to a total of 54...

Economy

June Sees a Surprising 4.6% Surge in US Housing Starts Despite Annual Dip

June witnessed a 4.6% increase in US housing starts to 1,321,000, despite a yearly drop of 0.5%. Single-family starts and permits declined, while building permits slightly rose. Ho...

Economy

US Consumer Confidence Surges in July, Defying Expectations with a Notable Rise

The US Consumer Sentiment Index rose by 1.8% in July, exceeding expectations, despite a yearly decline. Economic conditions improved, but consumer expectations and inflation foreca...

Economy

IMF Warns of Global Economic Uncertainty and Front-Loading Ahead of Tariff Increases

IMF's Gita Gopinath warns of high global economic uncertainty and discusses new trade dynamics, including front-loading ahead of tariffs and trade diversion, while noting a cooling...