IMF urges China to prioritise consumption-led rebalancing, curb industrial policy
The IMF calls on China to shift towards consumption-led economic growth and implement stronger fiscal measures to support domestic demand amidst a record trade surplus.
Deal made between Japan and the US, $550 billion trade deal, Trump said 'Without tariffs...','summary_en':'A significant trade agreement has been reached between the US and Japan, with President Donald Trump announcing a $550 billion investment commitment from Japan.','summary_long_en':'The United States and Japan have reached a substantial agreement regarding trade, with President Donald Trump announcing a record $550 billion investment commitment from Japan into the American economy. Trump described this development as a major milestone in US-Japan relations and highlighted its potential to create millions of jobs and strengthen national and economic security. He emphasized the historic nature of the agreement, noting that it would revitalize the American industrial base and benefit both nations significantly. During his announcement, Trump underscored that this agreement would not have been possible without existing tariffs, suggesting that their imposition has played a crucial role in negotiating favorable terms for the US. He expressed optimism regarding specific sectors, including oil and gas in Texas, power generation in Ohio, and critical minerals in Georgia, indicating potential investment opportunities in these areas. Trump's remarks reflect broader goals of boosting domestic industries and securing strategic resources essential for the country's economic prosperity. Overall, this agreement marks a significant moment in US-Japan trade relations, signaling a shift towards deeper economic collaboration. The implications of this deal may extend beyond immediate economic benefits, potentially impacting geopolitical dynamics in the Asia-Pacific region as both countries navigate their economic strategies amidst evolving global challenges.
A significant trade agreement has been reached between the US and Japan, with President Donald Trump announcing a $550 billion investment commitment from Japan.
Washing machines, refrigerators, and cars cheaper: import boom impacting production
Argentina's shift to open trade has led to lower prices for imported goods while also causing declines in domestic industrial production and employment.
African resources need processing, not mere export – BUA
BUA Group's Abdul Samad Rabiu emphasizes the need for Africa to shift its focus from exporting raw materials to industrial processing and value addition.
The Rare Earth Metals War Between America and China Moves to Market Management Stage
A recent international ministerial meeting in Washington involving 55 countries highlighted the shift of the rare earth metals conflict from an industrial issue to a critical element of global economic stability.
Why more and more German jobs are moving to Hungary?
The article discusses the significant economic shift in Europe, where traditional industrial regions in the west are declining while Eastern countries like Hungary are experiencing a strong rise.
Hanyang University's Department of Industrial Convergence Elevated to 'University of Technological Innovation'
Hanyang University has upgraded its Department of Industrial Convergence to the status of 'University of Technological Innovation', effective from the 2026 academic year, marking a significant shift in the country's higher education structure focused on working professionals.
The Painful Shift of the Union to a 'European Preference'
European business leaders are backing a proposal by Commissioner Stéphane Séjourné to direct public funds exclusively towards European production.
Key points of the Moeve-Galp merger: a challenge to Repsol, two brands, and the Atlantic key to hydrogen
The merger between Moeve (formerly Cepsa) and Galp signifies a significant shift in the Iberian oil market, combining their gas stations and industrial businesses while challenging Repsol's historical dominance.