Economy News

Economy

Germany's Export Dominance Fades: A Deep Dive into the Competitive Challenges Ahead

Germany's export industry faces a sharp decline in global market share due to reduced competitiveness in key sectors like machinery, chemicals, and electronics, alongside structura...

Economy

Italy Surprises with a Stunning €6.2 Billion Trade Surplus in May, Defying Expectations

Italy's trade surplus unexpectedly surged to €6.2 billion in May, far exceeding April's figures and analysts' expectations. Excluding energy, the surplus hit €9.6 billion. Despite ...

Economy

Johor's Innovative Durian Center Aims to Stabilize Prices and Supply Year-Round

Johor's new durian processing center, utilizing nitrogen freezing technology, aims to stabilize prices and supply year-round, addressing seasonal oversupply and supporting local fa...

Economy

Lutnick Advocates for US Steel Production Boost to Enhance Industrial Self-Reliance

US Commerce Secretary Howard Lutnick highlights the importance of boosting domestic steel production to enhance industrial self-reliance and protect jobs, with potential new trade ...

Economy

President Trump Announces Historic $92 Billion Tech and Energy Investment in Pennsylvania

President Trump unveiled a $92 billion investment by 20 leading tech and energy firms in Pennsylvania, aimed at advancing AI and energy infrastructure, marking it as a historic ach...

Economy

BoE Governor Bailey Highlights Financial Market Pressures on Deficit Nations Amid Global Uncertainties

Bank of England Governor Andrew Bailey discusses the increasing financial market pressures on deficit countries and calls for innovation in the UK's payments sector to ensure stabi...

Economy

Trump Announces 19% Tariff on Indonesian Goods in Bold Trade Move

US President Donald Trump has announced a 19% tariff on Indonesian goods, while US exports to Indonesia will remain tariff-free. This move, detailed in a White House press briefing...

Economy

Trump Announces Major Trade Deal: Indonesia to Purchase 50 Boeing Jets Amid New Tariffs

US President Donald Trump announced a trade agreement with Indonesia, including the purchase of 50 Boeing jets, $15 billion in US energy exports, and $4.5 billion in agricultural p...