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Business & Economy

Venezuela rejects U.S. attempt to "control" its oil industry

CARACAS, April 18 (Xinhua) -- Venezuela on Thursday again rejected "the United States government's intention to monitor, protect, control and manipulate the Venezuelan oil industry."

At a press conference, Foreign Affairs Minister Yvan Gil read a statement confirming that "Venezuela will never recognize and accept" the "illegal policy of imposing coercive measures and licenses" against the South American nation by the United States.

USA: House’s Ukraine, Israel aid package gains Biden’s support as Speaker Johnson fights to keep his job

WASHINGTON (AP) — President Joe Biden said Wednesday he strongly supports a proposal from Republican House Speaker Mike Johnson to provide aid to Ukraine, Israel and Taiwan, sending crucial bipartisan support to the precarious effort to approve $95 billion in funding for the U.S. allies this week.

Xi meets German chancellor, calls for achieving mutual success

BEIJING, April 16 (Xinhua) -- Chinese President Xi Jinping met with German Chancellor Olaf Scholz on Tuesday at the Diaoyutai State Guesthouse in Beijing, calling on the two sides to carry forward the distinctive characteristics of mutual benefit and win-win outcomes and achieve mutual success.

Singapore: Lee To Be Made Senior Minister In New Cabinet

SINGAPORE, April 16 (Bernama) — Singapore Prime Minister Lee Hsien Loong will remain in the new Cabinet as a senior minister, local media reported, quoting Deputy Prime Minister Lawrence Wong on Tuesday.

The Straits Times reported that Wong, who is set to assume the role of Singapore’s Prime Minister from Lee on May 15, will announce details of his new Cabinet in a press conference a few days before the swearing-in ceremony.

IMF Revises Malaysia’s 2024 GDP Higher To 4.4 pct

KUALA LUMPUR, April 17 (Bernama) — The International Monetary Fund (IMF) has revised the outlook for Malaysia’s real gross domestic product (GDP) by a notch to 4.4 per cent this year from its earlier prediction of 4.3 per cent.

Malaysia’s economy expanded by 3.7 per cent in 2023.

In its latest World Economic Outlook (WEO) entitled “Steady but slow, resilience amid divergence”, IMF predicted the GDP growth to remain at 4.4 per cent in 2025.

It projected Malaysia’s current account balance at 2.4 per cent in 2024 and 2.7 per cent in 2025.

Toyota To Recall Over 130,000 Prius Hybrid Cars Due To Door Glitch

TOKYO, Apr 18 (NNN-NHK) – Toyota Motor Corp. said, it is recalling 135,305 units of its Prius hybrid car in Japan, due to a risk of doors opening during driving.

Three cases of complaints related to the rear door handle glitch have been reported so far, while no accident has been confirmed, according to the automaker’s recall filing with Japan’s transport ministry yesterday.

Xi holds talks with Indonesia's president-elect

BEIJING, April 1 (Xinhua) -- Chinese President Xi Jinping held talks with President-elect of the Republic of Indonesia and Great Indonesia Movement Party General Chairman Prabowo Subianto, who is on a visit to China, in Beijing on Monday.

Xi congratulated Prabowo on winning the election and asked Prabowo to relay sincere greetings and best wishes to President Joko Widodo.

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