US businesses want to invest $8 billion in Vietnam.
Fifteen American companies, including well-known semiconductor companies, are eager to invest eight billion dollars in Vietnam's renewable energy infrastructure. This significant commitment entails a strategy change as US companies aggressively look for new opportunities in the context of de-risking from China.
Global food prices rose for the third month in May.
The Food and Agricultural Agency estimates global food prices increased by 0.9% in May, marking the third consecutive month of upward growth. This increase follows a period of decrease from the record highs established in March 2022.
Thailand hosts the world's most considerable light and sound festival.
In Ratchaburi province, around 80 minutes from Bangkok, the sixth edition of one of Thailand's biggest light illumination festivals, the Nasatta Light Festival, is back.
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United Airlines will be subject to more scrutiny from aviation watchdog
A spate of safety issues in recent weeks has prompted the US Federal Aviation Administration to step up its surveillance of United Airlines. However, this is terrible news for the US carrier because it may cause a number of its next projects to be delayed.
Milei asks for support for economic changes in light of Argentina's economic crisis.
The president of Argentina has addressed Congress on important policy matters. According to Javier Milei, his country has no future until its economic structure is altered. Anger over his proposed economic reforms erupted into public demonstrations before to his speech.
Thousands of Tunisians demonstrate against their worsening living conditions.
On Saturday, thousands demonstrated against the declining quality of life in front of the prime minister's office in Tunis, Tunisia, in response to a demand made by the country's largest labor union confederation. Watch to find out more!
Switzerland's National Bank lowers its surprise rate.
Different monetary policy strategies are being used by central banks around the globe to combat inflationary pressures. The first significant central bank in the developed world to lower interest rates this cycle was the Swiss National Bank (SN. It seems that a more substantial decline in inflation than anticipated is the main cause of the SNB's movement.
Nepal: Chiranjibi Nepal resigns as economic advisor to President Ram Chandra Poudel.
Chiranjibi Nepal, Nepal's economic advisor, recently resigned amid criticism over the government's plan to incorporate a disputed map on the new 100-rupee banknotes. This map depicts Nepal's territorial claims in territories now controlled by India. The decision has strained relations between the two countries, with India voicing dissatisfaction. Civil society organizations in Nepal also criticized Mr. Nepal's public comments opposing the map's inclusion, calling them irresponsible and detrimental to national interests.
Uber reports its first yearly profit following its 2019 IPO.
An app for ride-hailing Uber announced its first net profit for the year after going public in 2019. For 2023, the business declared a net profit of $1.9 billion.
New airstrikes by the US and the UK on Houthi sites in Yemen are being reported. The Houthi-controlled district of Hodeidah, Bayt Al-Faqih, was the target of the attacks. The Security Council is gathering to talk about the political situation and humanitarian crisis in Yemen at the UN headquarters in New York. While the Red Sea is receiving a lot of attention, Yemen is not a minor plot point in a larger regional narrative, according to UN Special Envoy for Yemen Hans Grundberg's address to Council members.
Tornado wreaks havoc in South Africa, leading to large-scale destruction.
At least 11 have been confirmed dead, several injured, and hundreds displaced after two tornadoes hit parts of South Africa's Kwa-Zulu-natal province this week. . #southafrica#tornado
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