Highlights of world economic news on December 11, 2025

On December 10th, the US Federal Reserve (Fed) decided to lower interest rates for the third time this year.

The headquarters of the US Federal Reserve in Washington, DC. Photo: THX/VNA

1. Fed cuts interest rates for the third consecutive time: On December 10th, the US Federal Reserve (Fed) decided to lower interest rates for the third time this year, by 0.25 percentage points, bringing the federal funds rate to a range of 3.5% - 3.75%, the lowest level since November 2022.

2. WB raises forecast for China's economic growth in 2025: On December 11, the World Bank (WB) released its China Economic Update report, raising its forecast for the world's second-largest economy in 2025 by 0.4 percentage points to 4.9%.

3. Mexican House of Representatives approves new tax on imports from countries without FTAs: On December 10, the Mexican House of Representatives passed an amended Import and Export Tax Law, stipulating new tax rates on goods imported from countries that do not have free trade agreements (FTAs) with Mexico, including many Asian countries.

4. ZTE (China) may have to pay more than $1 billion to the US over bribery allegations: According to two sources close to the matter, Chinese telecommunications equipment manufacturer ZTE Corp may have to pay more than $1 billion to the US government to settle years of allegations of bribery.

5. Hong Kong's IPO market is expected to regain its leading position after 6 years: According to the "Morning Union" newspaper on December 10th, the initial public offering (IPO) market of the Hong Kong Special Administrative Region (China) performed exceptionally well in 2025 and is expected to regain the title of the world's leading IPO market after 6 years.

6. Switzerland: US 15% tariffs to take effect retroactively from mid-November 2025: According to CNBC, the Swiss government announced on December 10th that the previously announced agreement to reduce US tariffs on imports from Switzerland to the 15% ceiling will take effect retroactively from November 14th.

7. Billionaire Elon Musk values ​​SpaceX at $1.5 trillion in historic IPO plan: Bloomberg reports that billionaire Elon Musk is planning one of the largest IPOs in history for his space company SpaceX. Musk's company intends to raise $30 billion in 2026, and this IPO could value SpaceX at up to $1.5 trillion.

8. Tokyo boasts some of the world's most expensive luxury hotels: Room rates at luxury hotels in Tokyo have soared to the highest levels of any major city in the world, surpassing even New York and London, as a growing number of international tourists compete for the relatively limited number of high-end accommodations in the Japanese capital.

9. Canada signs a series of digital agreements with the EU and the UK: According to nationalnewswatch.com on December 10th, Canada concluded a meeting of Technology Ministers from the Group of Seven (G7) industrialized nations by signing a series of agreements with the European Union (EU) and the United Kingdom. The memoranda of understanding focus on digital issues, including artificial intelligence (AI).

10. China's crude oil production is expected to reach a record high this year: According to China's National Energy Administration, China's domestic crude oil production is expected to reach a record 215 million tons in 2025, underscoring the nation's efforts to enhance energy self-reliance amid persistent geopolitical instability and increasingly tight global supply chains.

Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-11122025-20251211205931800.htm