Economy & Trade
55 articles from 24 countries
Global trade flows face disruption as nations grapple with infrastructure challenges and resource security. Nigeria's massive rail project undergoes review, while Norway shores up Sweden's oil supply, highlighting divergent national responses to economic pressures. Meanwhile, consumers feel the pinch of protectionist policies, underscoring the complex interplay of national interests and global market realities.
🇮🇱 IsraelIsrael Excludes France From Lebanon Talks, Sources Tell 'Post'
Israel has reportedly excluded France from upcoming talks concerning Lebanon, with Israeli officials citing France's conduct over the past year as the reason for its perceived unfair mediation. Source…
Meloni warns Iran's plan to charge for passage through Strait of Hormuz could disrupt global trade
Italian Deputy Prime Minister Matteo Salvini stated that Italy will not deploy naval vessels to patrol the Strait of Hormuz without United Nations authorization. This comes as Italian Prime Minister G…
[Editorial] Passage of '26.2 Trillion Won' Supplementary Budget Requires Swift Execution to Block Crises and Embrace People's Livelihoods
South Korea's National Assembly passed a supplementary budget of 26.2 trillion won. The government aims for swift execution to mitigate crises and support livelihoods.
[Breaking] 26.2 Trillion Won 'Wartime' Supplementary Budget Passes National Assembly... Payments of Up to 600,000 Won Possible from April
South Korea's National Assembly approved a 26.2 trillion won supplementary budget, with payments of up to 600,000 won potentially starting in April.
Baegdabang Franchisee Settles with Employee for 5.5 Million Won; Business Operations Suspended by Thebon
A Baegdabang franchise owner received 5.5 million won in settlement from a part-time employee. The More the Better (Thebon) company announced that it will suspend the franchise's business operations.
Kim Eun-hye, Holding 'Jim Carrey' Photo, Says 'Superficial Cuts to Budget for Carrying Chinese Tourists' Luggage'
South Korean lawmaker Kim Eun-hye criticized the government's supplementary budget, particularly a 500 million won allocation for services catering to Chinese tourists, which she dubbed the 'Jim Carre…
South Korea Approves $19 Billion 'War Budget' to Combat High Fuel Prices
South Korea's National Assembly approved a supplementary budget of 26.2 trillion won (approximately $19 billion USD) to alleviate the burden of high fuel prices. The budget includes increased support …
Blow to Smuggling: Top Brand Apparel Worth Over $150 Million Seized in Belgrano
Argentine authorities seized high-end clothing valued at over $150 million pesos in Belgrano during an operation targeting contraband. The seized merchandise was new but being sold as used to circumve…
Starmer Against Trump and Putin on Energy Costs: 'Citizens Are Tired of the Increases'
UK Prime Minister Keir Starmer criticized former US President Donald Trump and Russian President Vladimir Putin, stating their actions directly impact citizens' energy bills. He highlighted that famil…
Metlen Reports 25% Turnover Growth and €753 Million EBITDA for 2025
Metlen announced a 25% increase in turnover and an EBITDA of 753 million euros for 2025, continuing its growth trajectory. The company's turnover reached 7.107 billion euros in 2025, up from 5.683 bil…
ConocoPhillips to Send Team to Venezuela for Investment Exploration
ConocoPhillips is sending a team to Venezuela to explore potential investments, marking a preliminary step back into the country after withdrawing in 2007. The company's CEO has indicated that Venezue…
Traffic: Urban Highway Closed for Two Nights
A major urban highway in Germany will be closed for two nights to facilitate necessary maintenance work.
Fuel Prices Not Boosting Tax Revenue, Finance Ministry Says
Germany's Finance Ministry stated that increased gasoline prices are not resulting in higher tax revenues for the state, as consumers are purchasing less fuel.
Lufthansa and Verdi Union Agree on New Contract for City Airlines
Lufthansa and the Verdi union have reached a collective bargaining agreement for the new subsidiary City Airlines. The agreement provides for higher salaries and more vacation days for the flight crew…
German Government's Loss from Northvolt Insolvency Lower Than Feared
Germany's federal government will lose less than the anticipated 600 million euros due to the insolvency of battery manufacturer Northvolt. The Ministry for Economic Affairs had expected a larger loss…
Export Boom Drives EAC Growth as Trade Climbs to $42.4 Billion
Economic growth in the East African Community (EAC) is primarily driven by export expansion, which boosted the bloc's international merchandise trade to $42.4 billion in the fourth quarter of 2025. Th…
Fisheries Businesses Urged to Adopt Stelina for Global Market Access
Indonesia's Ministry of Maritime Affairs and Fisheries (KKP) is encouraging fisheries businesses to adopt the National Fish Traceability and Logistics System (Stelina). The system aims to facilitate t…
Rupiah Weakens: How It Affects Indonesian Households
The Indonesian rupiah has weakened, raising concerns about potential price increases for imported consumer goods and a gradual rise in inflation. This economic trend could impact household budgets acr…
Hardjuno Earns Doctorate in Law for Dissertation on Protecting 64 Million MSMEs
Shri Hardjuno Wiwoho, an advocate and legal practitioner from Jakarta, has earned a Doctorate in Law from the Postgraduate Program at Borobudur University. He achieved this by successfully defending h…
How Iran Is Changing The Face Of The Global Economy After The War
A ceasefire between the United States and Iran this week is expected only to halt immediate fighting, as a wider economic war between the major powers is predicted to continue shaping global politics.…
Denying Maruarar, Hercules Ready to Vacate Tanah Abang Land if Proven State Property
Hercules, leader of GRIB Jaya, has denied claims that land in the Tanah Abang area of Jakarta is state-owned, as stated by Minister Maruarar. Hercules stated he is prepared to vacate the land if it is…
Prabowo Eyes Garuda Indonesia-Saudia Joint Venture for Hajj Services
Indonesian presidential candidate Prabowo Subianto is reportedly considering a joint venture between Garuda Indonesia and Saudia Airlines to enhance Hajj services. This initiative aims to improve the …
Bad Surprise: Selver Stores No Longer Profitable
Selver stores, part of the TKM Group, reported a pre-tax loss of 40,000 euros in the first quarter, a significant downturn from a profit of 700,000 euros during the same period last year. This marks a…
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Europe May Face Jet Fuel Shortage Within Weeks Amid Supply Concerns
European airports are warning of a potential jet fuel shortage as the summer season approaches. The shortage could occur if oil supplies through the Strait of Hormuz do not resume within three weeks.
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Urgent Urban Renewal Needed! Chiang Wan-an Calls for a 'Great Urban Renewal Era,' Wu Yi-nung Advocates for 'Resilient Neighborhoods'
Taipei Mayor Chiang Wan-an declared the city is entering a 'major urban renewal era,' emphasizing the urgent need to update old buildings to withstand earthquakes and extreme weather. This comes as th…
Mega Bank's Decade-Long US Penalty Order Finally Lifted
Taiwanese bank Mega International Commercial Bank (MICB) announced that the U.S. Federal Reserve Board has terminated a penalty order against the bank and its New York, Chicago, and Silicon Valley bra…
Iran Wants 'Road Toll' from Hormuz! British Media Reveals Cruel Reality
Iran is reportedly demanding a 'transit fee' of at least $1 per barrel for oil passing through the Strait of Hormuz, introducing a new route called the 'Tehran Toll Station'. British media reports sug…
South Korea Removes 'China Taiwan' Field from Electronic Entry Card; Taiwan Welcomes Move
South Korea has removed the 'China Taiwan' designation from its electronic immigration card, a move welcomed by Taiwan's Ministry of Foreign Affairs. The change, which eliminates fields for 'previous …
Low Barrier to Entry Seizes Appreciation Bonus! Pre-sale Property 'Payment Advantages' Help Buyers Get Ahead
A report highlights the financial advantages of pre-sale properties in an inflationary environment, emphasizing a 10% down payment and a four-year mortgage-free period. Experts suggest focusing on pro…
KMT-China Meeting 'Big Package'? MAC Warns 'Lure, Trap, Kill' Could Be Halted Anytime
Taiwan's Mainland Affairs Council (MAC) warned that China might offer a "big package" of preferential measures to KMT Chairman Eric Chu before his departure from China on the 12th. The MAC cautioned t…
Letter: Give Us a Climate and Environmental Policy Worthy of the Name
A letter to the editor in Sweden argues that politicians must prioritize climate and environmental policies based on robust scientific research. The authors, Ulla and Leif Holmlid, contend that a majo…
State Forced to Own New Nuclear Power
The Swedish government has proposed that the state become the majority owner, holding 60 percent, of the new nuclear power company Videberg Kraft. This company is set to build new, smaller reactors at…
Opinion: The Tenants' Association Betrays Its Members
A former board member of a local tenants' association criticizes the organization for failing to advocate for lower or frozen rents. He argues that tenants are paying nearly 1,000 kronor annually for …
Kyrgyzstan Proposes Scrapping or Removal of Unregistered Foreign-Plated Vehicles
Kyrgyzstan is considering a draft presidential decree that would mandate the removal or scrapping of unregistered vehicles with foreign license plates. The decree is currently open for public discussi…
IMF Warns Kyrgyzstan of Economic Overheating Risks
The International Monetary Fund (IMF) has warned Kyrgyzstan about the risks of economic overheating, citing high inflation and active lending. The IMF's concluding statement followed a consultation mi…
Kyrgyzstan Allocates 12 Million Som for Drip Irrigation in Chuy Region
The Moscow district water management authority in Kyrgyzstan's Chuy region has announced a tender for the installation of a drip irrigation system. The project, aimed at irrigating 30 hectares of corn…
Ruling: German border controls to Austria were unlawful
A German court has ruled that Germany's border controls with Austria were unlawful. The lawsuit was filed by a German citizen residing in Vienna. The ruling is not yet final and has no immediate impac…
Fuel Price Brake Works – But Not at All Gas Stations
Austria's fuel price brake has significantly reduced gasoline prices, according to the E-Control energy authority. However, market dynamics have shifted, with traditional discount gas stations no long…
Rosenbauer Achieves Record Year After Restructuring
Rosenbauer, a domestic fire equipment manufacturer, achieved a record year in terms of revenue and profit following a restructuring. The company's board and ownership have been recently updated.
A Wallet-Busting Question: On April 12, the Country Will Also Decide on Energy Sovereignty
Hungary faces a critical decision on April 12 regarding its energy sovereignty, with concerns that foreign interests could gain control over the nation's energy policy. The outcome of this decision is…
Six-Month-Old Company Linked to Vinaconex 'Jumps' into Giầy Thượng Đình
An Quý Hưng Holding, a six-month-old company, has become a major shareholder in Giầy Thượng Đình (GTD) footwear company, acquiring 24% of its charter capital. This development follows GTD's recent eme…
MACC Receives Complaint on Misconduct Involving Former Economy Minister
The Malaysian Anti-Corruption Commission (SPRM) has received a formal complaint regarding alleged misconduct by a former Minister of Economy. The complaint concerns suspicious transactions totaling RM…
SPRM Receives Complaint on Alleged RM500,000 Transaction Involving Former Minister
Malaysia's Anti-Corruption Commission (SPRM) has confirmed receiving a formal complaint regarding alleged transactions totaling RM500,000 involving a former minister. The complaint, submitted by the S…
Chaos in Ireland: Protesters Threaten to 'Block the Country' Over Soaring Fuel Costs
Ireland is experiencing unprecedented protests and road blockades due to rising fuel prices, leading to widespread fuel shortages. The demonstrations have significantly disrupted the country.
Hong Kong Sees ‘Sharp Rise’ in Illegal Fuel Trading
Hong Kong customs authorities reported a sharp increase in illegal fuel trading, seizing nearly 19,500 liters of illicit fuel in March alone. The operation highlights ongoing efforts to combat smuggli…
Can homegrown brands like Yeo's and Tiger keep their Singapore roots even if they are no longer made here?
As Tiger Beer shifts production overseas, Singaporeans are questioning the national identity of homegrown brands when they are no longer manufactured or owned locally.
From sharing a room to save on air-con to driving less, Singaporeans adjust as the global energy crisis bites
Singaporeans are adapting to the global energy crisis, implementing measures like reducing air-conditioner use and driving less, in response to the conflict in the Middle East.
Kadaň Wants to Acquire Loss-Making School Estate from Region; Petition Also Created
The town of Kadaň in the Czech Republic is negotiating with the Ústí nad Labem Region to take over the financially struggling Jezerka school estate. The town sees strategic potential in the 180-hectar…
Financial Times: 'European Airports at Risk of Fuel Shortage Within Three Weeks'
European airports could face a fuel shortage within three weeks, according to an industry association that has warned Brussels. The association indicated that reserves are running low.
Transportation Dispute at Adalar Council: 'Public Directed to Specific Addresses'
Discussions at the Adalar Municipal Council meeting in April focused on transportation and potential rent-seeking related to new vehicle models. The Deputy Mayor alleged that the public is being direc…
Metrobús Case: Prosecutor Urges Chamber to Rule on Wiens' Recusal of Judge
Paraguay's Public Prosecutor's Office is urging the Chamber of Deputies to rule on a recusal motion filed by former minister Arnoldo Wiens against a judge overseeing the Metrobús case.
Politico: Serbia Could Lose €1.5bn from EU Over Close Ties with Moscow
Serbia risks losing €1.5 billion in EU funding due to democratic backsliding and close ties with Moscow, according to Politico. The European Commission is reportedly considering this measure.
FULL LIST: Top five richest football managers
A list of the top five richest football managers in 2026 has been released, featuring prominent figures such as Diego Simeone and Pep Guardiola. The list details their estimated net worth.
Tinubu hails Dangote on birthday, lauds industrial impact in Africa
President Bola Tinubu has congratulated Aliko Dangote on his birthday, commending his substantial contributions to Africa's industrial and economic development. Dangote is recognized for his significa…
Gridlock grounds Lagos-Ibadan Expressway
A fuel tanker obstruction has caused a severe gridlock on the Lagos-Ibadan Expressway in Nigeria. The traffic standstill extends from Longbridge to Magboro, significantly disrupting travel.