Ukraine and the United States have signed a deal heavily promoted by US president Donald Trump that will involve sharing profits and royalties from future sales of Ukrainian minerals and rare earths and help fund Ukraine’s reconstruction. The two countries signed the accord in Washington after months of sometimes fraught negotiations, with uncertainty persisting until … Read more
Asean Forges Alliance to Counter U.S. Tariff Hikes Published: October 26, 2023 Royal audience in Cambodia Prime Minister Paetongtarn Shinawatra received a royal audience with King norodom Sihamoni during her official visit to Cambodia.(Photo: Government House) Prime Minister Paetongtarn Shinawatra concluded a two-day official visit to Cambodia, marked by discussions on regional economic strategies and … Read more
Eurozone Inflation Forecasts slightly Higher, Still Near ECB Target Table of Contents Eurozone Inflation Forecasts slightly Higher, Still Near ECB Target Eurozone Inflation: What You Need to Know what are the latest Eurozone inflation forecasts? What is the ECB’s current stance on inflation? What specific inflation rates are being predicted? How does the ECB’s survey … Read more
Jakarta. Indonesia plans to ramp up imports of US energy commodities, including crude oil, liquefied petroleum gas (LPG), and refined fuels, as part of efforts to ease trade tensions with Washington and address tariff pressures. Energy and Mineral Resources Minister Bahlil Lahadalia said the move is part of ongoing negotiations aimed at resolving a 32 percent … Read more
Energy sector sources suggest that a significant increase in US LNG imports would necessitate a change in current policy, specifically the deregulation of LNG exports, which are presently restricted by the government for national energy security. Despite this, the energy industry is reportedly ready to support the government in importing more energy … Read more
The US has not told the European Union what it wants to lift trade tariffs, the European Commission said, after a two-hour meeting between the two sides’ trade negotiators made little progress. EU trade commissioner Maroš Šefčovič met commerce secretary Howard Lutnick on Monday to discuss how to remove the so-called reciprocal tariffs imposed by … Read more
Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo South Korea on Tuesday raised its support package for the key semiconductor industry to 33 trillion won ($23.25 billion), up from 26 trillion won announced last year. The measures come in response to … Read more
Hanoi. Chinese President Xi Jinping emphasized that no one wins in a trade war as he began a diplomatic tour of Southeast Asia on Monday, positioning China as a stabilizing force in contrast to US President Donald Trump’s latest tariff actions. While Trump has paused some tariffs, he has kept in place 145 percent duties on Chinese … Read more
Sony is raising the price of its PlayStation 5 game console in several markets including Europe and the UK in what analysts said was an attempt to get ahead of US President Donald Trump’s tariffs. The Japanese group cited “a backdrop of a challenging economic environment, including high inflation and fluctuating exchange rates”, as the … Read more
The latest iteration of the United States’ tariffs could still mean a net positive for the Philippines, but this will only be very minimal and the country is still unlikely to hit the upper band of its target economic growth range of 6.0% to 8.0% this year, the National Economic and Development Authority (NEDA) said … Read more