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

13h 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

21h 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.

21h 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.

21h 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

Vietnam, China to expand rail links, cross-border payments

The two sides also signed a memorandum of understanding (MoU) on the implementation of cross-border payment services via QR codes and an agreement to study a model for an "economic cooperation zone" across their border

3m ago

Amazon wants to be everything to everyone

Innovations unveiled in recent days by the Seattle-based tech titan included a delivery van computer system to shave time off deliveries by its speed-obsessed logistics network

3m ago

China consumer prices rise at slower rate in September

The consumer price index (CPI), a key measure of inflation, rose 0.4 percent year-on-year in September, down from the 0.6 percent recorded in August, the National Bureau of Statistics (NBS) said

3m ago

US firms brace for more tariffs as election approaches

US tariffs weigh on many industries. The American Apparel & Footwear Association (AAFA) estimates retail prices have risen five percent to 10 percent annually since 2020

3m ago

Tariffs, tax cuts, energy: What is in Trump's economic plan?

Ahead of November's election, economists warn his policies could raise consumer prices and shake up global trade -- with unclear benefits to US production

3m ago

UK economy returns to growth in August after two months of stagnation

Economic output rose by 0.2 percent in monthly terms in August, according to figures from the Office for National Statistics that were in line with expectations in a Reuters poll of economists

3m ago

Russia sets price floor for wheat at international tenders, sources say

Russia's Grain Exporters Union said in a statement after the meeting the ministry also told exporters to engage in direct deals with buyers without third parties, as well as not to provide Russian grain to foreign firms that won international tenders below the new price floor

3m ago

Working from home is powering productivity

Working from home (WFH) increased about tenfold following the outbreak of the pandemic and has settled in at about five times its prepandemic level

3m ago

IMF board approves changes to cut borrowing costs by 36%

The suite of changes agreed to by the International Monetary Fund's executive board include adjustments to the surcharges paid by countries with high levels of debt, like Ukraine and Argentina, the Washington-based institution announced in a statement

3m ago

Boeing to cut 10% of workforce as it sees big Q3 loss

The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."

3m ago