Economy News

Economy

ECB's Villeroy Criticizes Trump's Protectionist Policies as Ineffective and Harmful to US Economy

ECB's Francois Villeroy de Galhau criticizes Trump's protectionist policies as ineffective, causing economic instability. He remains optimistic about Europe's economy, foreseeing n...

Economy

BOK Governor Hints at Economic Slowdown: Korea's Growth Forecast Faces Potential Downgrade Amid Global Uncertainties

Bank of Korea Governor Rhee Chang-yong indicates a potential downgrade in South Korea's growth forecast due to global uncertainties and emphasizes cautious monetary policy and stru...

Economy

China Expands Trade with Cambodia: Durian and Crocodile Imports Among 37 New Deals

China and Cambodia have signed 37 trade protocols, with a focus on agricultural products like durian and crocodile. The deal also opens new opportunities for swiftlet nest exports,...

Economy

China's Domestic Durian Industry Soars: Can It Rival Southeast Asia's Dominance?

China's domestic durian industry, centered in Hainan, is experiencing rapid growth with record yields. However, challenges like higher costs and limited production capacity mean So...

Economy

Vietnam and US Embark on Crucial Trade Talks to Forge Future Economic Partnership

Vietnam and the US have started significant trade negotiations to outline future economic cooperation principles. Both nations are committed to sustainable and balanced economic ti...

Economy

Trump Administration Proposes Significant Budget Cuts for 2026, Affecting Key Social Programs

The Trump administration is planning significant budget cuts for 2026, potentially affecting child support, education, health, and housing programs. The proposal is being finalized...

Economy

UK's Rachel Reeves Prioritizes EU Trade Over US, Highlights Importance of Neighborly Ties

British Chancellor Rachel Reeves underscores the importance of UK's trade with the EU over the US, citing proximity and partnership. Meetings with European finance ministers and an...

Economy

April Marks a Steep Decline in US Consumer Confidence Amid Economic Uncertainties

US consumer confidence in April saw a significant decline, with indices showing sharp drops both monthly and annually. The University of Michigan's report highlights growing concer...