According to Prime Minister Srettha Thavisin, Thailand is "lagging behind Vietnam" in the number of free trade agreements it has signed. The new Thai Cabinet wants to boost production and draw in foreign capital to reach a 5% annual GDP growth rate, said Thai Prime Minister Srettha Thavisin in an interview with Bloomberg. "As a nation, we have been closed for a time. I must ensure that everyone...

One far-reaching consequence of the Russian invasion of Ukraine has been the total transformation of global gas markets. A global Liquified Natural Gas (LNG) boom has taken place, with LNG markets surpassing the pipeline trade to the detriment of Russia, as Europe make strides in returning to energy normalcy. LNG, it seems, will have a key role to play in Europe’s energy transition. The European...

In the previous six months, the vast majority of American people (92%) have reduced their spending, according to a Morning Consult survey cited by CNBC. The most frequent areas where respondents cut costs were grocery (54%), restaurants and bars (56%), clothing and accessories (63%), travel and vacations (53%), and gadgets (50%). Over half (55%) of respondents who reported having an annual...

The entire public debt of the United States has reportedly surpassed $33 trillion for the first time in history, according to the Treasury Department. The U.S. Ministry of Finance estimates that the country's total national debt is currently $33.044 trillion. The U.S. national debt had surpassed $32 trillion on June 16, 2022. The U.S. debt may probably approach $50 trillion by the end of this...

The Organization for Economic Cooperation and Development (OECD) said that the second quarter of 2023 saw a 0.7% growth in the GDP of G20 nations compared to the first quarter. As a result, economic growth decreased from the first quarter's revised 1% growth rate. According to the research, China's slowdown was mostly to blame for the deterioration of the recovery rate. After growing by 2.2%...

Ursula von der Leyen, Chair of the European Commission (EC), has suggested a new four-year aid program for Ukraine. She put the amount at €50 billion. Von der Leyen announced her plan during the annual State of the European Union (EU) speech's plenary session. She claims that such a degree of assistance will aid Ukraine in "rebuilding a modern and prosperous country" in the future. "We're...

The biggest price increases throughout the month were seen in food, home goods, and medical services. In August, Argentina experienced its greatest rate of price growth since 1991, at 12.4%, show figures released by the Institute of Statistics and Census of the Republic. "The consumer price index climbed overall in August 2023 by 12.4%, representing a cumulative [YTD] growth of 80.2%. The...

John Williams, the president of the Federal Reserve Bank of New York, expressed satisfaction with the progress made in bringing down the country's inflation rate and said the Fed will keep an eye on new statistical information before deciding whether to raise or hold the key interest rate. "Monetary policy is currently operating at a very high level. The anticipated outcome has been achieved....

The British insurance business Lloyd's of London is in talks with the UN to secure supply of grain from Ukraine in case the grain deal is renewed. The answer is yes, John Neal, the CEO of Lloyd's of London, told Reuters: "We want and can continue to provide insurance in case the corridor will be put back into operation and restored." "We are in active discussions with the UN about how that might...