Sunday , November 24 2024

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US inflation will be much lower by end of 2023, Yellen says

US inflation will be much lower by end of 2023, Yellen says

U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock. “I believe by the end of next year you will see much lower inflation if there’s not … an unanticipated shock,” she told CBS’ ’60 Minutes’ in an interview released …

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Da Lat removing environmentally destructive greenhouses

A plan to restore the natural environment in Da Lat aims to rid Lam Dong Province of impromptu greenhouses blamed for local flooding. In the Central Highlands Province of Lam Dong – home to the picturesque hill station of Da Lat and other popularly touristed mountain locales – the Department …

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Ba Ria-Vung Tau to build $53M ring expressway

Seaport hub Ba Ria-Vung Tau Province will spend VND1.25 trillion ($53 million) building an expressway to link with industrial hub Dong Nai and a regional ring road. A resolution approved Saturday by the legislative provincial People’s Council allocated the sum for land clearance to make way for two massive projects. …

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Drunk driver rams parents fetching schoolchildren

A man drunkenly ran his car over a group of Hanoi parents picking their children up from school Saturday afternoon. The five-seat, intoxicatedly-piloted vehicle plowed through several parents waiting with motorbikes in Hai Ba Trung District at around 5:30 p.m. Bystanders had been screaming to stop the motorist for at …

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High-level US envoys to visit China in effort to repair ties

High-level US envoys to visit China in effort to repair ties

The U.S. government is sending its first high-level delegation to China since a pledge made last month by Chinese leader Xi Jinping and U.S. President Joe Biden to repair frayed relations. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink will join National Security Council Senior Director …

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Men arrested for stealing products bound for exporting

HCMC police are investigating five men for allegedly stealing export products on their way to warehouses at Tan Son Nhat International Airport. Huynh Long Duy, 31, Nguyen Van Cuong, 45, Tran Van Trong, 35, Nguyen Van Duong, 30, and Huynh Long Hao, 29, are facing charges of “theft of property” …

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US Fed poised for smaller rate hike with eye on wage growth

US Fed poised for smaller rate hike with eye on wage growth

The U.S. Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers’ most forceful moves in decades to fight inflation ripple through the economy. The U.S. Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers’ …

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