In a significant rebound from an initially sluggish year, the Vietnam Automobile Manufacturers Association (VAMA) reported a 24% surge in car sales in October, with a total of 37,910 vehicles sold. This increase reflects a revival in consumer demand coupled with an abundant supply, and is also attributed to the appeal of promotional programs during the year-end shopping season. The association, which comprises more than a dozen major auto companies, provided this information in its latest report.
Members of the team representing China at the COP30 summit said trade rules and restrictions, including US President Donald Trump’s tariffs and measures adopted by the EU, are undermining global efforts to limit warming and are weakening climate ambition.
Malaysia’s strong 5.2% gross domestic product (GDP) growth in the third quarter of 2025 (3Q2025) places the country firmly on track to achieve the higher end of the 2025 growth target of 4.0% to 4.8%, said Prime Minister Datuk Seri Anwar Ibrahim.
European Union officials may cut growth forecasts for 2026 in the coming week in an assessment of damage to the region’s economy, a year after Donald Trump won back the White House.
Oil dropped following signs that activity had resumed at the key Russian port of Novorossiysk on the Black Sea, after a Ukrainian strike last week led to some damage and a suspension of operations.
Japan’s economy contracted for the first time in six quarters, supporting Japan Prime Minister Sanae Takaichi’s case to compile an ambitious economic stimulus package.