U.S. stocks staged a dramatic comeback on Wednesday, with the S&P 500 recording its biggest one-day gain since the 2008 financial crisis, after President Donald Trump announced a 90-day pause on sweeping tariffs for many countries.
China has announced a 5% GDP growth target for 2025 during its annual Two Sessions, alongside a record-high 4% budget deficit and a 7.2% boost in defense spending.
Vietnam’s National Assembly has set an ambitious new economic trajectory, raising its GDP growth target to at least 8% for 2025, up from the previous 6.5%-7% goal.
Nippon Steel’s proposed $15 billion acquisition of U.S. Steel is sparking debates about its potential impact on the U.S. steel industry, national security, and unionized labor.
In February, Indian Prime Minister Narendra Modi confidently presented an interim budget, expecting his Bharatiya Janata Party (BJP) to maintain or even expand its parliamentary majority in the upcoming general election.
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