A major flow of Chinese trade away from the United States would likely lower eurozone inflation next year, when price growth is already set to undershoot the 2% target, a European Central Bank blog post said on Wednesday.
US economic growth rebounded more than expected in the second quarter, but that grossly overstated the economy's health as declining imports accounted for the bulk of the improvement and domestic demand rose at its slowest pace in 2-1/2 years.
Oil prices steadied on Thursday, as investors weighed the risk of supply shortages amid US President Donald Trump's push for a swift resolution to the war in Ukraine through more tariffs, though a surprise build in US crude stocks weighed on prices.
The 13th Malaysia Plan (13MP) will see the government putting up a target of 4.5% to 5.5% annual gross domestic product (GDP) for the 2026 to 2030 period, according to the country's latest five-year economic development blueprint, released on Thursday.
Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim announced plans to extend the minimum wage policy to cover graduates and semi-skilled workers, including technical and vocational education and training graduates under MASCO Code 8 and above.
US President Donald Trump will announce a new tariff rate against Malaysian goods on Friday, Aug 1, said Prime Minister Datuk Seri Anwar Ibrahim.