Economy News

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...

Economy

Russian Central Bank Forecasts Inflation Decline by May, Governor Nabiullina Highlights Cautious Optimism

Russian Central Bank Governor Elvira Nabiullina predicts a decrease in inflation by May, despite keeping the key interest rate steady at 21%. A cautious approach remains as a tempo...

Economy

US Oil Rig Count Sees Slight Increase to 483, Signaling Market Adjustments

The US oil rig count increased by two to 483 in the week ending April 25, with a significant annual drop. Gas rigs also saw a slight weekly increase but an annual decrease. Canada'...