World economic news highlights on December 4, 2025

1. UBS: Relatives of billionaires inherit record fortunes : UBS Bank said on December 4 that in 2025, the spouses and children of billionaires will inherit the most wealth since statistics began in 2015.

2. Seoul ranks 2nd in price increase rate among major cities in the world : Luxury housing prices in Seoul have skyrocketed more than 25% in the past year, ranking 2nd in price increase rate among major cities worldwide. First place belongs to Tokyo (Japan) with an increase of 55.9%.

Photo caption — Buildings in Seoul, South Korea. Photo: Yonhap/VNA

3. President Donald Trump "greenlights" the production and sale of Kei cars in the US : Impressed by the compact Kei cars seen during his recent visit to Japan, US President Donald Trump "greenlighted" the production and sale of these cars in the US.

4. ADB provides emergency assistance to three Asian countries to overcome flood consequences : ADB President Masato Kanda announced that ADB will provide emergency financial assistance of up to 3 million USD to Sri Lanka, 2 million USD to Thailand, and 2 million USD to Vietnam to overcome the consequences of floods.

5. Nvidia's new server helps AI models increase performance by 10 times : Nvidia announced new data on December 3 showing that its latest generation of Artificial Intelligence (AI) servers can improve the performance of AI models by 10 times compared to the previous generation, including AI models from China such as DeepSeek and Moonshoot AI.

6. Thailand increases airport tax on international flights : On December 4, Thailand said it will increase the Passenger Service Charge (PSC) - also known as airport tax - on international flights departing at six airports under the Airports Authority of Thailand (AOT) from 730 baht (about 23 USD) per person to 1,120 baht per person, starting in early 2026.

7. US Treasury Secretary optimistic about the economy : US Treasury Secretary Scott Bessent expressed optimism about the US economic outlook in 2026 on December 3, but said that interest rate cuts are still necessary because many sectors, including the housing market, are weakening.

8. European Commission may delay announcement of support package for auto industry : According to industry sources, the European Commission (EC) may delay the announcement of a support package for the European auto industry that manufacturers hope could include adjusting the ban on sales of internal combustion engine cars in 2035.

9. The AI bubble is a “major downside risk” to the US economy : Growth is expected to slow and inflation to rise in the US next year, and the situation could worsen if the AI-fueled stock market “bubble” bursts.

Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-4122025-20251204204146594.htm