Economy

Economy Latest News

Hanoi scooter riders baulk at petrol-powered bikes ban
Hanoi scooter riders baulk at petrol-powered bikes ban
by  AFP

Vietnam's plan to bar gas-guzzling motorbikes from central Hanoi may clear the air of the smog-smothered capital, but riders fear paying a high toll for the capital's green transition. But with the high costs, office worker Nguyen My Hoa thinks the capital's ban will not be enforceable.

What's in the EU's two-trillion-euro budget bazooka?
What's in the EU's two-trillion-euro budget bazooka?
by  AFP

EU members got their first chance on Friday to debate the bloc's two-trillion-euro budget bazooka, laying bare divisions among the 27 capitals over the spending plans for 2028-2034. At least 300 billion euros would be dedicated to support farmers in the next budget, but some funding would move to other spending columns.

G20 nations agree central bank independence 'crucial'
G20 nations agree central bank independence 'crucial'
by  AFP

The G20 nations stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. "Central bank independence is crucial to achieving this goal," said the statement, a rare consensus also signed by the United States.