International News

Economic Watch: U.S. credit rating downgrade adds downward pressure to economy

AKP Phnom Penh, the May 19-- Moody's latest downgrade of U.S. sovereign credit ratings to Aa1 from Aaa is expected to intensify downward pressure on the U.S. economy, which is facing recession risks amid rising tariffs and growing inflation expectations. Moody's cited rising government debt and...

Walmart warns of price increases as tariffs pressure supply chain

AKP Phnom Penh, the 16 May 2025-- Walmart on Thursday reported mixed results for its fiscal first quarter ending April 30, narrowly missing revenue expectations as the retailer signaled that rising tariffs are likely to lead to higher prices for consumers. While the company beat earnings estimat...

Japan's Q1 GDP contracts annualized real 0.7 pct on weak consumption, exports

AKP Phnom Penh, the May 16, 2025-- Japan's economy contracted an annualized real 0.7 percent in the first quarter of 2025, amid stagnant private consumption and falling exports, government data showed Friday. The latest real gross domestic product (GDP) growth rate marked the first quarterly con...

Singapore's non-oil exports surge 12.4 pct in April

AKP Phnom Penh, the May 16,2025-- Singapore's non-oil domestic exports (NODX) rose by 12.4 percent year-on-year in April, accelerating from a 5.4 percent increase in March, according to data released by Enterprise Singapore on Friday. Growth was broad-based, with both electronics and non-electro...

Italy's public debt reaches record high in March

AKP Phnom Penh, the May 16,2025-- Italy's public debt hit an all-time high of 3.034 trillion euros (3.38 trillion U.S. dollars) in March, the Bank of Italy reported Thursday, a 9.5-billion-euro increase compared to the previous month. Amid a weakening trend in the U.S. dollar, the total public d...

Vietnam, US push for balanced trade

AKP Phnom Penh, May 13, 2025 — Business leaders are accelerating imports of US goods into Vietnam and foster a more balanced trade relationship, as bilateral meetings gain momentum. The push comes as Vietnam’s imports from the US surged to 5.7 billion USD in the first four months of 2025, a 26...

Non-banking Financial Sector at “Very Advanced Stage” in Preparing for Euro Changeover

AKP Phnom Penh, May 13, 2025 — Bulgaria’s non-banking financial sector is in the home stretch in preparing for the adoption of the single European currency, Financial Supervision Commission (FSC) Chair Vasil Golemanski told BTA in an interview. Elected to the top post in FSC on March 27, Golemans...

China remains among top investors in Germany last year

AKP Phnom Penh, May 13, 2025 — China continued to be one of the leading sources of foreign direct investment (FDI) in Germany last year, according to a report released on Monday by Germany Trade & Invest (GTAI), the federal agency responsible for promoting foreign investment. Chinese compa...

Russia to become leading gas exporter to Asian markets by 2050

AKP Phnom Penh, May 13, 2025 — Russia will become the main gas exporter to Asian markets by 2050, and it will cooperate with friendly countries in development of gas infrastructure and the formation of swap deliveries, Russian Deputy Prime Minister Alexander Novak wrote in an op-ed for the Energy...

U.S. stocks surge as U.S.-China trade talk lifts market sentiment

AKP Phnom Penh, the May 13, 2025-- U.S. stocks rallied sharply on Monday after the United States and China announced a temporary rollback of reciprocal tariffs, providing much-needed relief to investors concerned about the escalating trade war's economic fallout. The Dow Jones Industrial Average...

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