Economy - PRESS AI WORLD
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ECONOMY
Surge in Crypto Use in Bolivia Amid Economic Crisis

Bolivia sees a dramatic increase in cryptocurrency transactions as citizens turn to digital assets amidst severe inflation and economic turmoil.

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ECONOMY
Vietnamese PM Optimistic About Trade Deal with US Before Upcoming Tariff Deadline

Vietnam's PM expresses hope for a trade deal with the US before the looming tariff deadline, emphasizing ongoing negotiations.

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ECONOMY
China's Industrial Profits Plummeted 9.1% in May Amid Economic Challenges

China's industrial profits decreased by 9.1% in May, impacted by weak demand and ongoing trade tensions.

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ECONOMY
Global cocaine market surges to record levels, largely due to Colombian production

Cocaine production, seizures, and use reach new highs globally due to increased Colombian coca cultivation, according to UNODC.

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ECONOMY
U.S. Strikes on Iran's Nuclear Sites: Conflicting Assessments Emerge

Conflicting reports emerge over the success of U.S. strikes on Iran's nuclear capabilities, raising concerns among lawmakers.

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ECONOMY
Oil Prices Stabilize Post Ceasefire but Weekly Declines Loom

Oil prices see slight increases after a ceasefire, but a significant weekly drop is anticipated due to diminished supply risks.

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ECONOMY
Xiaomi's YU7 SUV Launch Achieves Record Pre-Orders of Nearly 300,000

Xiaomi's newly launched YU7 SUV received nearly 300,000 pre-orders within the first hour of its launch, marking a significant moment in the electric vehicle market.

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ECONOMY
Thailand to Initiate Trade Talks with US Amid Tariff Concerns

Thailand's finance minister announces upcoming trade talks with the US to negotiate tariff reductions before a critical deadline in July.

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ECONOMY
US Economy Contracts by 0.5% in Early 2025 Amid Tariff Impact

US economy shrank 0.5% in Q1 2025 due to tariff impacts, with sharp declines in consumer spending reported.

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ECONOMY
Former Venezuelan Spymaster Hugo Carvajal Pleads Guilty to Drug Trafficking and Narco-Terrorism Charges

Hugo Carvajal, former Venezuelan military intelligence chief, pleads guilty to drug trafficking and narco-terrorism charges in U.S. court.

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