I knew about the global economic and trade news on January
Russian President Vladimir Putin said that the Russian economy continues to grow, with an expected GDP growth of 2.5% for the year. According to the Kremlin's website, Putin stated at an economic issues meeting that despite a slowdown in growth during the third quarter of this year, the Russian economy remains in a growth trend based on key macroeconomic indicators.
On the day, UK Prime Minister Starmer delivered a public speech on the upcoming Autumn Budget. Starmer stated that the forthcoming budget includes £. billion in spending for local services to support employment.
The South African Department of Home Affairs recently released the implementation details of the "Trusted Travel Agency Program ()", which aims to select "trusted" travel agencies. Travel agencies that fall under this category will enjoy simplified visa application materials and faster visa processing speeds for group tourist visas.
According to the Ministry of Industry and Trade of Vietnam, Minister of Industry and Trade Nguyen Hong Dien and UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi signed the Comprehensive Economic Partnership Agreement (CEPA) in Dubai, UAE. Under this agreement, Vietnam and the UAE will gradually eliminate tariffs on the majority of export products between the two countries.
The Thai Ministry of Commerce announced that Thailand's exports reached $28.7 billion in the month of the year, representing a year-on-year increase of 2.1%. For the first ten months of the year, Thailand's total exports amounted to $287 billion, a year-on-year growth of 3.2%.
German labor union leader Daniela Cavallo, representing Volkswagen, announced plans to close at least three German plants, cut tens of thousands of jobs, and reduce the scale of other German facilities to cut costs.
According to informed sources cited by foreign media, a new search engine is being developed to provide conversational answers on current events for users of chatbots. It is reported that the aim is to reduce reliance on Google Search and Microsoft Bing.
The Chief Financial Officer revealed that the company derives % of its revenue from consumer subscriptions, and the enterprise version has achieved considerable annualized revenue. Currently, efforts are being made to convert % to % of free users into paying users.
European Central Bank Vice President Luis de Guindos stated that while significant progress has been made in curbing inflation, victory cannot yet be declared. He noted that with the rebound in consumption and investment, along with rising exports, the momentum of economic growth in Europe will accelerate, implying that the ECB may not need to cut interest rates as urgently.