US-UK Trade Deal on the Cusp of Finalisation Amid G7 Discussions
KANANASKIS, Alberta — During a significant meeting on the sidelines of the G7 summit, UK Prime Minister Keir Starmer and US President Donald Trump are expected to finalise a crucial…
Tag: economy
Lee Jae-myung Takes Office as South Korea’s New President Amid Economic Challenges
South Korea’s political landscape is set for significant transformation with the inauguration of President Lee Jae-myung, who took office on 4 June 2024, following a decisive win in a snap…
Vietnam and US Step Up Tariff Negotiations Amid Trade Deficit Concerns
Vietnam and the United States recently engaged in their inaugural ministerial-level tariff negotiations, held in Jeju, South Korea. This meeting comes as the US is poised to impose a staggering…
US-China Trade Talks Yield Temporary Tariff Cuts Amid Global Market Optimism
Global stock markets experienced a significant uplift on 12 May 2024 after the United States and China reached a joint agreement to reduce their respective tariffs for a provisional period…
US-China Trade Talks: Aiming for De-escalation in Geneva
As tensions rise between the world’s two largest economies, senior officials from the United States and China met in Geneva on 10 May 2024 to discuss the ongoing trade war…
US and China Discuss Trade Tensions in Geneva: High Stakes Ahead
As trade tensions escalate between the United States and China, senior officials from both nations gathered this weekend in Geneva—a meeting that could set the tone for future negotiations. These…
US Federal Reserve Pauses Rate Cuts Amid Economic Uncertainty Over Tariffs
The US Federal Reserve has opted to maintain its key lending rate at between 4.25 per cent and 4.50 per cent, signalling a cautious approach amidst ongoing economic turbulence caused…
US and Ukraine Set to Finalise Minerals Deal Amid Last-Minute Concerns
In a historic move, the United States and Ukraine are on the verge of signing a long-awaited minerals deal, following recent meetings between Ukrainian Prime Minister Denys Shmyhal and US…
Economic Resilience and Cost of Living Proposals Heat Up for GE2025
SINGAPORE: As the General Election approaches in 2025, looming economic uncertainties and the escalating cost of living are taking centre stage. With heightened concerns over job security, political parties are…
UK Government Takes Control of British Steel to Prevent Closure Amidst Financial Struggles
The UK government has stepped in to prevent the imminent closure of British Steel’s Scunthorpe plant, now facing significant financial difficulties under its Chinese owners, Jingye. With thousands of jobs…
Vietnam and US Negotiate Trade Terms Amid Tariff Tensions
In a significant move to strengthen economic ties, Vietnam is set to negotiate a reciprocal trade agreement with the United States following a temporary postponement of substantial tariffs. Vietnamese Prime…
PSP Questions Government’s Response to US Tariffs Amid Election Climate
The Progress Singapore Party (PSP) has taken a strong stance against the government’s response to the recently announced US tariffs, labelling it as overly alarmist. PSP chairman Dr Tan Cheng…
Trump’s Tariff Strategy Faces Backlash Amid Economic Concerns
The latest trade policies from President Donald Trump have stirred significant controversy and sparked fears of a looming economic downturn. On 2 April 2024, Trump announced an aggressive set of…
Trudeau Slams Trump’s Tariffs Amid Heightened Canada-US Tensions
Canadian Prime Minister Justin Trudeau has taken a bold stance against US President Donald Trump’s latest tariffs, calling them ‘a very dumb thing to do’. This fiery exchange marks a…
Singapore’s Foreign Minister Balakrishnan Addresses US Tariff Impacts
On 4 February 2024, Singapore’s Foreign Affairs Minister Vivian Balakrishnan assured Parliament that while direct tariffs from the United States on Singaporean goods are unlikely, the nation must remain vigilant…
India Mourns Manmohan Singh: A Legacy of Economic Reform and Humility
The passing of Manmohan Singh at the age of 92 has left a significant mark on India, a country he served with distinction as Prime Minister from 2004 to 2014.…
Singapore’s Mega Events: Boosting Tourism Amid Economic Challenges
Singapore is on a roll when it comes to hosting mega events, with plans for an exciting line-up in 2024. This surge in high-profile concerts and gatherings is not just…
Donald Trump Addresses Federal Reserve Chair and BRICS Currency Amidst Controversy
As the political landscape shifts, US President-elect Donald Trump has left many speculating about his intentions regarding key economic figures and policies. On one hand, he has affirmed his plan…
Sri Lanka’s New Leader Commits to IMF Bailout Amid Economic Crisis
In a significant policy shift, Sri Lanka’s recently elected leftist President Anura Kumara Dissanayake has decided to support a controversial IMF bailout programme initially negotiated by his predecessor, Ranil Wickremesinghe.…
Singapore Upgrades Economic Growth Forecast for 2024 Amid Global Concerns
SINGAPORE — Singapore’s economy has surpassed expectations in the third quarter of 2024, prompting the Government to revise its growth forecast upwards to around 3.5 per cent for the year.…
Highlights from Singapore: From Counter-Terrorism Training to G-20 Insights
Singapore’s latest headlines cover a range of topics, from serious counter-terrorism exercises to local culture and community issues. Here’s a recap of the most talked-about stories this week. Counter-Terrorism Exercise…
PM Lawrence Wong Advocates for Trade and Skills Development at G-20 Summit
At the G-20 Summit in Rio de Janeiro, Brazilian President Luiz Inacio Lula da Silva launched a global initiative to combat hunger and poverty, with support from over 80 countries,…
Alarm Bells Ring as Global Carbon Emissions Surge, While Luxury Market Faces Downturn
Record High Global CO2 Emissions in 2024 This year’s Global Carbon Budget report, released during the UN’s COP29 climate summit, reveals that global carbon dioxide emissions are projected to reach…
Europe in Flux: Borrell and Draghi Respond to Trump’s Win
As the dust settles from Donald Trump’s recent election victory, key European leaders are rushing to address the potential implications for the continent. EU Foreign Policy Chief Josep Borrell and…
Political Turmoil in Germany: Scholz Fires Finance Minister Amid Coalition Crisis
Germany’s political landscape is once again in turmoil as Chancellor Olaf Scholz sacked Finance Minister Christian Lindner of the Free Democrats (FDP) on 6 November 2024, a move that has…
Volkswagen’s Major Restructuring Plans: Thousands of Jobs at Risk
Volkswagen is embarking on a drastic overhaul, with plans to shutter at least three factories in Germany and potentially lay off tens of thousands of staff, according to Daniela Cavallo,…
UK’s Rachel Reeves Advocates Pragmatic Trade Relations with China
In a recent statement at the International Monetary Fund and World Bank meetings in Washington, British Finance Minister Rachel Reeves called for a ‘hard-headed, economic realist’ approach to Britain’s trade…