International News

IMF downgrades global growth forecast to 2.8 pct in 2025 amid increased tariffs

AKP Phnom Penh, April 23, 2025-- he International Monetary Fund (IMF) on Tuesday downgraded its global growth forecast in 2025 to 2.8 percent, a hefty 0.5 percentage point decrease from its January projection, according to the latest World Economic Outlook (WEO). "Since the release of the Januar...

"Lower tariffs are good for everybody": World Bank president

AKP Phnom Penh, April 23, 2025-- World Bank Group President Ajay Banga said Tuesday that lower tariffs are good for everybody, while noting that he has seen increased inter-regional trade and bilateral trade in recent years. "For the last 10 years, if you look at the number of bilateral and regi...

Bank of Finland chief urges unified EU stance on U.S. tariffs and defense

AKP Phnom Penh, April 23, 2025-- Bank of Finland Governor Olli Rehn on Tuesday emphasized the necessity for Europe to adopt a unified position not only on defense but also in response to the evolving U.S. tariff policies. "According to our estimates, U.S. tariffs and the subsequent countermeasur...

U.S. crude oil inventories down last week: API

AKP Phnom Penh, April 23, 2025-- The American Petroleum Institute (API) on Tuesday reported a decrease of 4.565 million barrels of crude oil in U.S. inventories for the week ending April 18. The API reported a surge of 2.400 million barrels in the previous week. The API indicator shows how mu...

Harvard University sues Trump administration over funding freeze

AKP Phnom Penh, April 22, 2025-- Harvard University said Monday that it has filed a federal lawsuit against the Trump administration's funding freeze, calling the action "unlawful and beyond the government's authority." In a lawsuit filed in the United States District Court for the District of M...

UN concerned about attacks on and from Yemen, calls for restrain

AKP Phnom Penh, April 22,2025-- A UN spokesman on Monday raised concern over U.S. airstrikes on Yemen's oil port of Ras Isa, where five aid workers were among the hundreds of casualties. Stephane Dujarric, spokesman for UN Secretary-General Antonio Guterres, also voiced concern over the Houthi's...

U.S. tariffs threaten Arab non-oil exports: UN agency

AKP Phnom Penh, April 22, 2025-- A sharp rise in U.S. trade protectionism is placing Arab economies under mounting pressure, endangering 22 billion U.S. dollars worth of non-oil exports, according to a policy brief released Saturday by the United Nations Economic and Social Commission for Western A...

NASA, SpaceX launch resupply mission to space station

AKP Phnom Penh, April 22, 2025-- NASA and SpaceX launched a new commercial resupply services mission to the International Space Station (ISS)on Monday. A SpaceX Dragon spacecraft lifted off at 4:15 a.m. Eastern Time from NASA's Kennedy Space Center in the southeastern U.S. state of Florida. I...

Thailand Eyes Trade Growth and Investment Opportunities in Bhutan

AKP Phnom Penh, April 21, 2025 — Thailand is expanding its presence in Bhutan, a thriving market supported by strong diplomatic relations. In 2024, Thailand's exports to Bhutan exceeded 12.94 million US dollars. Leading export categories included vehicles and auto parts, food products, electrical...

Can Tho-Ca Mau expressway project must be completed by December 19

AKP Phnom Penh, April 21, 2025 — Prime Minister Pham Minh Chinh requested that the Can Tho-Ca Mau expressway project must be completed by December 19, 2025 to welcome National Resistance Day, during his working trip to inspect the project on April 20. The expressway, spanning over 110 km, conn...

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