Global growth will slow to 2.6 per cent in 2025, down from 2.9 per cent in 2024, due to growing pressure from financial volatility and geopolitical uncertainty facing global trade and investment, the United Nations Trade and Development (UNCTAD) said in a report released on Tuesday. The UNCTAD's T
Countries must act now to keep slowing population growth from wreaking havoc on their long-term economic prospects, the European Bank for Reconstruction and Development said in a semi-annual report on Tuesday. The report said ageing populations have already begun to hinder economic growth in some
Poland must prioritise curbing the rapid increase in its public debt, the International Monetary Fund said on Monday, adding that it sees rising fiscal vulnerabilities over the medium term. Strong growth in central Europe's largest economy, driven by wage gains and loose fiscal policy, has come pa
Vietnam continues to lead the Association of Southeast Asian Nations (ASEAN) in consumer optimism, supported by a positive economic outlook and confidence in personal finances, Vietnam News Agency reported Friday, citing a study by Singapore-based United Overseas Bank (UOB). Vietnam posted the hig
India's central bank is adopting a cautious approach towards cryptocurrencies and stablecoins, the Reserve Bank of India governor said on Thursday.
Within days of China urging its citizens not to travel to Japan due to a diplomatic dispute, Tokyo-based tour operator East Japan International Travel Service had lost 80 per cent of its bookings for the remainder of the year. The small firm, which specialises in group tours largely for Chinese cl
The Asian Development Bank (ADB) on Friday said that it has approved a 180-million-U.S.-dollar loan as the second additional financing to support PT Geo Dipa Energy, an Indonesian state-owned company, to further boost the country's geothermal electricity generation. The Geothermal Power Generation
US President Donald Trump said on Thursday he had agreed to reduce tariffs on China to 47 per cent in exchange for Beijing resuming US soybean purchases, keeping rare earths exports flowing and cracking down on the illicit trade of fentanyl. His remarks after face-to-face talks with Chinese Presid
The Asian Development Bank (ADB) announced on Monday that it has approved a 100-million-US-dollar loan to support Sri Lanka's tourism sector through strategic policy reforms and targeted catalytic investments that align with the country's National Tourism Policy. The project will support sector go
US President Donald Trump said on Saturday he was increasing tariffs on Canada by an additional 10 per cent "above what they're paying now," as he reacted again to an ad by Canada's Ontario province, a day after it was aired during the World Series broadcast. Trump on Thursday ended trade talks wi
The White House said on Friday there likely will not be a release of inflation data next month due to the US government shutdown. Because of Congress' failure to pass a stopgap funding bill, "Surveyors cannot deploy to the field - depriving us of critical data," the White House said on its o
US President Donald Trump will test his deal-making prowess in a region battered by his hardball trade policies on a trip to Asia next week, as doubts hang over his highly anticipated meeting with China's Xi Jinping. Trump, who leaves Washington on Friday night, is set for a five-day trip spanning
The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, according to a US official and three people briefed by US authorities. While the
