EC official sees big private chip investment
The European Chips Act is on track to help attract more than €100bil (US$108.41bil) worth of private investment to the…
Economy
Bank Indonesia signals no further rate increases
Indonesia’s central bank held interest rates unchanged yesterday, as expected, with governor Perry Warjiyo reiterating that the current benchmark level…
Fed officials urge patience on timing of initial rate cut
WASHINGTON/AMELIA ISLAND: Federal Reserve policymakers said on Tuesday the U.S. central bank should wait several more months to ensure that inflation…
Vietnam’s retail real estate draws major international interest
Vietnam’s retail real estate market is thriving in terms of scale and quality, with occupancy rates above 90% in major…
China’s consumer electronics sales emerge from ‘winter slump’
After enduring nearly two years of a “winter slump”, the Chinese consumer electronics market is showing signs of recovery, with…
Manufacturing industry capacity utilisation hits 80.8%
The manufacturing industry operated at 80.8% capacity in the first quarter of 2024 (1Q24), up from 79.8% a year ago,…
Efforts to promote carbon capture move forward
Efforts are under way to move forward preparation for a comprehensive legal framework to implement carbon capture, utilisation and storage…
UK inflation pressure stays hot, dashing hopes for June rate cut
LONDON: Inflation in Britain eased less than expected and a key core measure of prices barely dropped, prompting investors to…
US announces details on higher China tariffs, some to start Aug 1
WASHINGTON: The U.S. Trade Representative's office on Wednesday said some of the steep tariff increases on an array of Chinese…