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World Bank Says Myanmar Growth to Be Limited by Weak Demand

Myanmar’s economic growth remains constrained due to weak domestic demand, labor shortages and frequent power outages, with the nation only seeing moderate signs of recovery in the first half of the current fiscal year, the World Bank said in its latest country report Monday.

Myanmar’s economic growth remains constrained due to weak domestic demand, labor shortages and frequent power outages, with the nation only seeing moderate signs of recovery in the first half of the current fiscal year, the World Bank said in its latest country report Monday.
Bloomberg Politics • Dec 8, 4:00 AM
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World Bank Sees Myanmar’s Economy Shrinking on Conflict, Quake

Myanmar’s economy will contract this year amid civil war and ongoing drag from a March earthquake, according to the World Bank, which sees growth also constrained by weak domestic demand, labor shortages and frequent power outages.

Myanmar’s economy will contract this year amid civil war and ongoing drag from a March earthquake, according to the World Bank, which sees growth also constrained by weak domestic demand, labor shortages and frequent power outages.
Bloomberg Politics • Dec 8, 4:00 AM
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US-China Tensions Fuel Decoupling in Tech Research

US-China collaboration in technology research has fallen steadily to the lowest in 20 years, according to a study by the Australian Strategic Policy Institute.

US-China collaboration in technology research has fallen steadily to the lowest in 20 years, according to a study by the Australian Strategic Policy Institute. Stephan Robin, the report's author, warns that the shift could reshape global innovation vital to security and economic growth. (Source: Bloomberg)
Bloomberg Markets • Dec 8, 3:53 AM
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Germany’s Top Diplomat Sees Progress in China Rare-Earth Talks

German Foreign Minister Johann Wadephul claimed progress in efforts to secure supplies of rare earths from China, saying the government in Beijing had indicated it would be constructive in handling European orders for the metals crucial to electronics manufacturing.

German Foreign Minister Johann Wadephul claimed progress in efforts to secure supplies of rare earths from China, saying the government in Beijing had indicated it would be constructive in handling European orders for the metals crucial to electronics manufacturing.
Bloomberg Markets • Dec 8, 3:27 AM
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Australia Scraps Electricity Rebates as Budget Deteriorates

Australia will not extend cost-of-living relief to households in the form of electricity rebates, Treasurer Jim Chalmers said, as the government looks to rein in spending in the face of large, structural budget deficits.

Australia will not extend cost-of-living relief to households in the form of electricity rebates, Treasurer Jim Chalmers said, as the government looks to rein in spending in the face of large, structural budget deficits.
Bloomberg Markets • Dec 8, 3:21 AM
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Trump to Unveil $12 Billion in Long-Awaited Farm Aid Program

The Trump administration on Monday plans to unveil a long-awaited farm aid package, according to a White House official, offering $12 billion in assistance to a key base of support hit hard by low crop prices and the impact of the president’s tariff policies.

The Trump administration on Monday plans to unveil a long-awaited farm aid package, according to a White House official, offering $12 billion in assistance to a key base of support hit hard by low crop prices and the impact of the president’s tariff policies.
Bloomberg Markets • Dec 8, 3:11 AM