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India's strong growth, tech demand brighten developing Asia prospects, says ADB

India's strong growth, tech demand brighten developing Asia prospects, says ADB

MANILA, Dec 10 (Reuters) - Strong demand for products from the region's high-tech economies and India's faster-than-expected growth have improved the outlook for developing Asia and the Pacific for this year and the next, the Asian Development Bank said on Wednesday.

Myanmar military air strike on a tea shop kills 18 watching a football match on TV

Myanmar military air strike on a tea shop kills 18 watching a football match on TV

An air strike by Myanmar’s military on a tea shop in Sagaing region has killed at least 18 civilians and wounded 20 others

Thailand launches air strikes at Cambodia as border tensions reignite

Thailand launches air strikes at Cambodia as border tensions reignite

By Panarat Thepgumpanat BANGKOK/PHNOM PENH, Dec 8 (Reuters) - Thailand has launched air strikes along its disputed border with Cambodia, the Thai military said on Monday, after both countries accused the other of breaching a ceasefire agreement brokered by U.S. President Donald Trump.

China's Li criticises tariffs as record trade surplus irks export markets

China's Li criticises tariffs as record trade surplus irks export markets

By Joe Cash BEIJING, Dec 9 (Reuters) - China's Premier Li Qiang on Tuesday urged trading partners to reject rising protectionism, a day after the world's second-largest economy posted a record $1 trillion trade surplus driven by a rush of exports to non-U.S. markets.

Germany's 2026 economic growth to get boost from extra working days

Germany's 2026 economic growth to get boost from extra working days

By Rene Wagner and Maria Martinez BERLIN, Dec 9 (Reuters) - Germany's economy is set for a calendar-related boost in 2026, as a slight increase in the number of working days is projected to boost growth by about a third, in a welcome development after two years of contraction.

China-made rocket among triggers for Thai airstrikes into Cambodia

China-made rocket among triggers for Thai airstrikes into Cambodia

By Devjyot Ghoshal BANGKOK, Dec 8 (Reuters) - Thailand's airstrikes on Monday targeted Cambodian military facilities housing long-range artillery, after surveillance signalled that rockets, including a Chinese-made variant, could be used to hit civilian areas, a Thai military official said.

Thailand-Cambodia fighting spreads along contested border

Thailand-Cambodia fighting spreads along contested border

By Panarat Thepgumpanat and Orathai Sriring BANGKOK/PHNOM PENH, Dec 9 (Reuters) - Thailand said it was taking action to expel Cambodian forces from its territory on Tuesday, as renewed fighting between the two Southeast Asian neighbours spread along the disputed border.

Fed could find itself in a bind as it sets the stage for Powell's successor

Fed could find itself in a bind as it sets the stage for Powell's successor

By Howard Schneider WASHINGTON, Dec 8 (Reuters) - The U.S.

German industrial output rises more than expected in October

German industrial output rises more than expected in October

By Maria Martinez Dec 8 (Reuters) - German industrial production rose much more than expected in October but economists see no signs of a broader upturn as structural headwinds will continue to take their toll on businesses.

Federal Reserve Reports Record High of Americans Expecting Financial Decline

Federal Reserve Reports Record High of Americans Expecting Financial Decline

A recent report from the Federal Reserve Bank of New York indicates that 38.97% of Americans believe they will be financially worse off next year, marking the highest percentage recorded during President Trump's terms. This sentiment reflects ongoing economic challenges, including inflation and rising costs of living, which have not been offset by wage gains. Financial experts attribute this pessimism to factors such as increased credit costs and the depletion of savings buffers established during the COVID-19 pandemic. Despite technical economic growth, many households feel the economy is not improving quickly enough to alleviate their financial burdens.

Japan revises July-September GDP contraction to 2.3% from 1.8%

Japan revises July-September GDP contraction to 2.3% from 1.8%

By Satoshi Sugiyama TOKYO, Dec 8 (Reuters) - Japan's economy contracted faster than initially reported in July-September from the previous three-month period, revised government data showed on Monday.

Central Banks Prepare for Key Policy Decisions Amid Global Economic Uncertainty

Central Banks Prepare for Key Policy Decisions Amid Global Economic Uncertainty

The upcoming week is pivotal for global economic policy as the U.S. Federal Reserve, Reserve Bank of Australia, Bank of Canada, and Swiss National Bank are set to meet. The Fed is expected to cut rates by 25 basis points, while other central banks are likely to hold steady. This comes as inflation remains above target levels, with U.S. CPI at 3% and the Fed's PCE gauge at 2.8%. The meetings occur against a backdrop of political pressure for easier monetary policy and a moderating global inflation environment.