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Global Economic News

Trump and South Korea’s New President Aim for Tariff Agreement

The Impact of Tariffs on U.S.-South Korea Relations In a significant development for international trade, President Donald Trump recently engaged in a phone call with South Korean President Lee Jae-myung, marking their first conversation since Lee’s election. This dialogue comes at a crucial time, as...

XRP Falls 4% Amid Global Economic Tensions Prompting Market Selloff

XRP Faces Volatility Amid Global Economic Tensions In the ever-fluctuating world of cryptocurrency, XRP has recently experienced a notable decline, falling as much as 6% within a 24-hour period. This downturn is largely attributed to escalating global economic tensions that have rattled financial markets, leading...

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World Bank Projects Vietnam’s GDP Growth at 6.8% for 2025

Staff Reporter The World Bank has forecasted that Vietnam's gross domestic product (GDP) will grow...

White House Claims Tariffs ‘Are Working’ as Companies Consider US Expansion

Staff Reporter The White House announced on Monday that President Trump’s proposed tariffs on Canada,...

Semiconductor Industry Forecasts Strong Growth in 2025 Fueled by AI Demand – ING

Staff Reporter The global semiconductor market is set to grow nearly 10% in 2025, driven...

Tesla Model Y Tops Global Car Sales in 2024

Staff Reporter In a recent ranking by Visual Capitalist's Marcus Lu, the Tesla Model Y...

Mark Carney Set to Become Canada’s Next Prime Minister, Succeeds Justin Trudeau

Staff Reporter Former central banker Mark Carney is poised to take over as Canada’s prime...

U.S. Mortgage Rates Drop Again, Marking Largest Weekly Decline Since Mid-September

Staff Reporter Mortgage rates have fallen for the seventh straight week, reaching their lowest point...

New EU Carbon Market Expected to Hit Households and Small Businesses Hard

Staff Reporter The European Union's upcoming emissions trading system, slated to launch in 2027, is...

Walmart Asks Chinese Suppliers to Absorb Tariff Costs

Staff Reporter Walmart is urging its Chinese suppliers to lower prices, with the goal of...

Goldman Sachs Upgrades Economic Growth Forecast for Germany and Euro Area

Staff Reporter Goldman Sachs has raised its economic growth forecast for Germany this year, driven...

Trump Looking into Free Trade Deal with Argentina

Staff Reporter President Donald Trump announced on Monday evening that he is open to the...

Saudi Arabia’s Oil Giant Aramco Sees $106 Billion Profit in 2024, Down 12% as Energy Prices Fall

Staff Reporter Saudi Arabia's state-owned oil powerhouse, Aramco, announced a profit of $106.25 billion for...

Chile: Nationwide Blackout Leaves Over 98% of Population Without Power

Staff Reporter Authorities in Chile have declared a state of emergency and imposed an overnight...

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Why Hong Kong Remains China’s Premier Global Financial Hub, Outpacing Shanghai

The Rise of Hong Kong as a Preferred Capital Market for Chinese Tech Companies In...

Trump and South Korea’s New President Aim for Tariff Agreement

The Impact of Tariffs on U.S.-South Korea Relations In a significant development for international trade,...

Re-domiciliation Regime Gains Support

Positive Market Response to Hong Kong’s New Company Re-Domiciliation Regime The recent enactment of legislation...