Economy News

Economy

UK's CMA Alerts to High Risks of Bid-Rigging in Procurement Markets

The UK's CMA warns of high risks of bid-rigging in procurement markets, testing a new AI tool to detect irregularities. A new government program aims to simplify bidding and enforc...

Economy

Malaysia's Electric Vehicle Market Set for Significant Growth by 2025

Malaysia's electric vehicle market is poised for growth by 2025, with EV adoption expected to reach 3% of the total industry volume. The government's focus on affordable EV product...

Economy

Vietnam's Ambitious Nuclear Power Revival Faces Critical Workforce Shortage

Vietnam's revival of its nuclear power program faces a critical shortage of skilled workers, with a need for 2,400 personnel and 350 experts. The government emphasizes strategic pl...

Economy

US Oil Rig Count Dips Slightly: Baker Hughes Reports a Drop to 482

The latest Baker Hughes rig count reveals a slight decrease in US oil rigs to 482, with a significant annual drop. The US gas rig count saw a minor increase, while Canada's rig cou...

Economy

Federal Reserve's Strategic Positioning for 2025 Economic Challenges

Federal Reserve Bank of Richmond President Thomas Barkin discusses the central bank's preparedness for 2025's economic challenges, emphasizing a positive outlook with a cautious ap...

Economy

US Natural Gas Inventories Experience Significant Drop: A 116 Bcf Decrease Reported

The Energy Information Administration reports a 116 Bcf decrease in US natural gas inventories for the week ending December 27, with a total of 3,413 Bcf. Annual figures show a 67 ...

Economy

December Sees U.S. Manufacturing Sector Edge Towards Growth: ISM Report

The U.S. manufacturing sector showed a slight improvement in December, with the PMI rising to 49.3 from 48.4 in October, according to the ISM. This indicates a slow move towards gr...

Economy

China's Central Bank Vows to Ensure Ample Liquidity for Sustained Economic Growth

The People's Bank of China is focusing on maintaining ample liquidity and enhancing monetary policy tools to support economic growth. Plans include increasing money and credit supp...