The European Union (EU)’s opposition to the US Inflation Reduction Act (IRA) has become a serious trade dispute between the two sides of the Atlantic. Although the US affirmed that its support for green industry would not aim to harm the EU, the tensions related to this issue are at risk of causing a significant rift in the alliance.
When the wounds caused by the COVID-19 pandemic have not yet healed, the world economy has been continuously subjected to a series of shocks including inflation, energy crisis, supply disruptions, and the risks of public debt. These dark clouds are casting a shadow over the prospect of recovery and growth, of the world economy in the coming time.
The inflation storm continues to be severe in the major economies of Southeast Asia and threatens the region's prospects for economic recovery following the COVID-19 pandemic.
Ho Chi Minh City and Daejeon of the Republic of Korea (RoK) have pledged to further strengthen comprehensive and substantive friendly cooperation for the benefit of people and businesses in both localities, contributing to the promotion of the Viet Nam-RoK Comprehensive Strategic Partnership, officials said at a meeting in the southern metropolis on March 10.
