Singapore’s economic growth is expected to slow in the second half of 2024 despite stronger-than-expected first-half performance, according to Monetary Authority of Singapore (MAS) managing director Chia Der Jiun.

The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.

The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the Convention on Wetlands released on Tuesday.

U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.

Dallas Federal Reserve President Lorie Logan said on Tuesday evening that the central bank will likely have to keep interest rates steady for longer to ensure inflation remains low, amid upside risks from President Donald Trump’s trade tariffs. 

The Vietnamese government will aim to raise its gross domestic product by 8.3% to 8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday, despite challenges.