US, China to resume trade talks in Washington in October

23 Sept 06:17 Key points summarised by AI

US and Chinese trade negotiators are set to resume high-level talks in Washington in early October, as announced by Beijing.
This decision follows a recent escalation in the year-long trade war, with both nations implementing new punitive tariffs on September 1.
The agreement for the October talks was reached during a phone call between China's Vice Premier Liu He, US Trade Representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin, with officials aiming to create favorable conditions for discussions.
The resumption of negotiations offers a sign of optimism amidst ongoing tensions and the global economic impact of the protracted trade dispute, despite previous rounds ending with further tariff increases and a recent WTO complaint from China.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.