
Vietnam Raises 2025 GDP Growth Target to 8% Amid Strong Trade and Investment
Feb 12, 2025 03:17 am UTC| Economy
Vietnam will officially raise its 2025 GDP growth target to 8.0%, up from the previous 6.5%-7.0% range, Minister of Planning and Investment Nguyen Chi Dung announced. The country, a key manufacturing hub in Southeast Asia,...

Wall Street Closes Mixed as Apple Gains, Tesla Slumps
Feb 12, 2025 03:16 am UTC| Economy
Wall Streets major indexes closed mixed on Tuesday as gains in Coca-Cola (NYSE:KO) and Apple (NASDAQ:AAPL) offset losses in Tesla (NASDAQ:TSLA). Investors assessed Federal Reserve Chair Jerome Powells latest comments, with...

UK Economy Poised for Growth, But BoE Rate Cuts Remain Limited
Feb 12, 2025 02:14 am UTC| Economy Central Banks
Britain is set for solid economic growth and lower inflation in 2024, but the Bank of England (BoE) has little room for further interest rate cuts, according to the National Institute of Economic and Social Research...

Global EV Sales Rise 18% in January as Europe and U.S. Outpace China
Feb 12, 2025 02:13 am UTC| Economy Technology
Global electric vehicle (EV) and plug-in hybrid (PHEV) sales rose 18% year-on-year in January, reaching 1.3 million units, according to Rho Motion. For the first time since February 2023, growth in Europe and the U.S....

Germany’s Trade Surplus with U.S. Hits Record as Trump Threatens Tariffs
Feb 12, 2025 02:13 am UTC| Economy
Germanys trade surplus with the U.S. soared to a record 70 billion ($72 billion) in 2024, up from 63.3 billion in 2023, raising concerns amid rising trade tensions. The increase comes as U.S. President Donald Trump...

Elon Musk Calls for Treasury Reforms After Court Blocks Access
Feb 12, 2025 02:12 am UTC| Politics Economy
Elon Musk has urged for tighter controls at the U.S. Treasury following a federal judges decision to block his Department of Government Efficiency from accessing Treasury payment systems. The ruling, issued on Saturday,...

Trump’s Steel and Aluminum Tariffs Spark Global Trade Tensions
Feb 12, 2025 02:11 am UTC| Economy Politics
U.S. President Donald Trump announced a 25% tariff on steel and aluminum imports, escalating trade tensions with Canada, Mexico, and the EU. If enacted in March, these duties could bring total tariffs on Canadian metals to...