Global Business

Global Business

11 conditions made mandatory for trade through Benapole port

Beanpole customs also listed 12 types of imported goods that should go through physical inspection

7h ago

US Fed's December rate cut should be its last for now: official

The US central bank voted 11-to-1 in favor of cutting rates by a quarter of a percentage point at the meeting on December 17 and 18, reducing the bank's key lending rate to between 4.25 and 4.50 percent despite an uptick in inflation

15h ago

Taiwan chip giant TSMC says 2024 revenue rose 33.9%

Net revenue rose 33.9 percent to NT$2.9 trillion ($87.8 billion), the company said in a statement, ahead of the release of its complete earnings report next week.

15h ago

US hiring beats expectations in December to cap solid year

Hiring in the world's biggest economy stood at 256,000 last month, up from a revised 212,000 in November, the Labor Department said.

15h ago

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties

2d ago

Humankind’s Comparative Advantage

A seeker at an early age, Yuval Noah Harari has written about human evolution as a philosopher and historian.

2d ago

Asian markets drop as trades fret over US inflation, rates outlook

Sentiment was also clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.

2d ago

China inflation hits nine-month low in December

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.

2d ago

US budget deficit widens to $1.8 tn, third highest on record

This year marks the third highest US deficit, behind 2021 and 2020, according to the Treasury

2m ago

IMF board approves $1.1 billion disbursal for Ukraine

The loan disbursal is the latest tranche of funding the International Monetary Fund has released to Ukraine as part of an ongoing 4-year, $15.5 billion program approved last March.

2m ago

Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam

An Oxfam audit found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed."

2m ago

ECB set to cut rates again as inflation cools

After cutting rates twice already this year, including at their last meeting in September, policymakers initially signalled a preference to wait until December to cut again

2m ago

China to almost double support for unfinished housing projects

Housing minister Ni Hong said Beijing will "increase the credit scale of white-list projects to four trillion" yuan ($562 billion) by the end of the year

2m ago

Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ

The company will annually produce 70 million pieces of pullers of zippers

2m ago

Why women risk losing out in shift to green jobs

Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive

2m ago

'Age of Electricity' coming as fossil fuels set to peak: IEA

Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook

2m ago

UK inflation hits three-year low, fuelling rate-cut hopes

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement

2m ago

China set to post slowest quarterly growth this year: analysts

Officials have in recent weeks unveiled a string of measures to reignite the world's number-two economy and bring an end to years of depressed business activity with an eye to achieving five percent annual growth

2m ago