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Wednesday, May 21, 2025

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Tag: economy

asia

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…

Ryan Tan17/05/2025
world

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…

Nicole Teo13/05/2025
world

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…

Ryan Tan11/05/2025
world

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…

Nicole Teo10/05/2025
world

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…

Ryan Tan08/05/2025
world

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…

Nicole Teo01/05/2025
singapore

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…

Sarah Lin24/04/2025
world

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…

Sarah Lin14/04/2025
asia

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…

Nicole Teo10/04/2025
singapore

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…

Sarah Lin07/04/2025
world

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…

Nicole Teo04/04/2025
world

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…

Sarah Lin05/03/2025
singapore

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…

Ryan Tan04/02/2025
asia

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.…

Ryan Tan28/12/2024
singapore

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…

Nicole Teo12/12/2024
world

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…

James Tan09/12/2024
asia

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.…

James Tan23/11/2024
singapore

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.…

Nicole Teo22/11/2024
world

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…

Nicole Teo19/11/2024
singapore

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,…

James Tan19/11/2024
world

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…

Sarah Lin13/11/2024
world

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…

Nicole Teo09/11/2024
world

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…

James Tan07/11/2024
world

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,…

James Tan28/10/2024
world

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…

Sarah Lin25/10/2024

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