Global Business

Global Business

Weak US economic outlook persists despite brief trade truce with China: Reuters poll

Economists in a May 14-21 Reuters poll were unanimous the Trump administration's policies have hurt the economy

22h ago

Asian equities track Wall St sell-off as US deficit fears grow

All three main indexes on Wall Street ended sharply lower.

23h ago

BGMEA wants 3-month window from India to clear pending shipments

The association urges the interim government to send a letter to India seeking the opportunity

1d ago

US importers race to create bonded warehouses amid Trump tariffs

The rush to bond U.S. warehouses for goods ranging from clothing to auto parts is a bet for some that raised U.S. tariffs will be only a short-term policy by the Trump administration.

1d ago

China slams US 'bullying' over new warnings on Huawei chips

Beijing condemned new US warnings on the use of AI chips made in China

2d ago

Trump’s remittance tax plan poses threat to Bangladesh

The US House Budget Committee voted late on Sunday to move forward with President Donald Trump's "One Big Beautiful Bill Act", a proposal that could make sending money back home more expensive for three lakh Bangladeshis currently living in the United States.

2d ago

Banks can now pay fees for correspondence courses abroad

The facility shall be admissible for one correspondence course at a time

2d ago

Apple supplier Foxconn to invest $1.5 billion in India unit

In March, Apple ramped up India production, exporting around 600 tons of iPhones worth $2 billion to the US.

2d ago

US Fed officials worried Trump policies could hinder inflation fight: minutes

The US president has threatened to impose sweeping tariffs on some of America's largest trading partners, accusing them of unfair trade practices and of failing to do enough to tackle drug traffickers.

3m ago

EU trade chief says bloc will respond swiftly to US tariffs

Sefcovic said the EU sees "no justification for sudden, unilateral tariff increases" by the United States, adding that businesses rely on economic stability and predictability.

3m ago

US lawmakers confirm Howard Lutnick as commerce secretary

Lutnick, who was chief executive of financial services firm Cantor Fitzgerald, is a close ally of Trump's and has been a defender of imposing tariffs on US imports.

3m ago

HSBC targets $1.5 bn in annual cost savings after revamp

Elhedery's plan for a "simpler, more dynamic, and agile organisation" has shaken up Europe's largest bank, whose shares in Hong Kong have rallied to an 11-year high.

3m ago

China condemns US 'tariff shocks' at WTO

Trump signed executive orders last week imposing new 25 percent tariffs on steel and aluminium, due to come into effect on March 12

3m ago

KFC shifts US headquarters from Kentucky to Texas

The relocation of about 100 KFC US corporate roles will take place over six months.

3m ago

Bangladesh, IMF mutually deferred loan tranche

The International Monetary Fund's move to disburse the fourth and fifth tranches of a $4.7 billion loan together was a mutual decision, the finance ministry said in a press release yesterday.

3m ago

Honda ready to revive takeover talks if Nissan CEO Uchida leaves, FT reports

Japan's second- and third-largest automakers by sales after Toyota Motor had been in talks to create a $60 billion firm after a lack of hybrid models in the U.S. and competition from local rivals in China had sent Nissan's earnings diving.

3m ago

Gulf Food Fair begins in Dubai

41 Bangladeshi companies are participating among 5,500 exhibitors from over 129 countries

3m ago