Home Showbiz Key points of the world economic news on April 23, 2026

Key points of the world economic news on April 23, 2026

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1. Russian LNG production reaches new record: According to the Russian news agency TASS, on April 23, Russian production of liquefied natural gas (LNG) reached 3.3 million tons in March 2026, a monthly level never before recorded. This production record occurred in a context of a significant increase in LNG exports to Europe.

2. Japan and Saudi Arabia cooperate on Red Sea oil transportation: On April 23, in Tokyo, Japan and Saudi Arabia concluded a cooperation agreement for the transport of crude oil from Saudi Arabia to Japan via the Red Sea, to avoid the Strait of Hormuz, an area considered to present high risks for maritime security amid tensions in the Middle East. This agreement was reached during a telephone conversation between Japanese Prime Minister Sanae Takaichi and Saudi Crown Prince Mohammed bin Salman.

3. Israel promotes commercial corridor connecting India, Middle East, and Europe: Israel is intensifying efforts to promote an initiative for a commercial corridor connecting India to Europe through links between the Gulf region, Jordan, and Israel, amid growing concerns about Iran’s influence in the Strait of Hormuz.

4. Europe: Sharp increase in demand for photovoltaic solar installations: Since the start of the conflict in Iran at the end of February 2026, demand for photovoltaic solar systems has skyrocketed in Europe. Households are urgently seeking solutions to cope with the surge in electricity prices caused by the worst global power outage in history.

5. Sharp increase in Indian cotton exports to China due to global supply chain disruptions: According to Indian traders, conflicts in the Middle East have disrupted trade routes, leading to a decrease in cotton supplies from other countries to China. In this context, India has become an attractive alternative source of supply due to its proximity and availability.

6. Deutsche Telekom and T-Mobile aim to build the world’s largest telecommunications empire: According to sources close to the matter, German telecommunications giant Deutsche Telekom is in talks with T-Mobile US to create a transatlantic telecommunications giant. If successful, this would be the largest merger of publicly traded companies in history, with a market capitalization of over $300 billion and more than 200 million mobile subscribers worldwide.

7. Tesla becomes Intel’s first major customer for 14A chip technology: On April 22, Tesla CEO Elon Musk announced that the electric car maker plans to use Intel’s next-generation 14A manufacturing process to produce chips within the Terafab project, an advanced artificial intelligence (AI) chip manufacturing complex located in Austin, United States. This agreement marks Intel’s first major customer for 14A technology.

8. Honda withdraws from South Korean automotive market after 23 years: Honda Korea, the South Korean distributor of Japanese automaker Honda Motor Co., announced on April 23 its official withdrawal from the South Korean automotive market, ending 23 years of presence in the country. Honda specified that the complete halt of vehicle sales in South Korea will be effective by the end of 2026.

Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-2342026-20260423204020038.htm