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

1d ago

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

All three main indexes on Wall Street ended sharply lower.

1d 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

2d 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.

2d 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.

3d ago

Banks can now pay fees for correspondence courses abroad

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

3d 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.

3d ago

China says on 'right side of history' in trade standoff with US

Beijing has acknowledged that global economic vicissitudes have strained its economy, long dependent on exports

3w ago

Foreign carmakers strive for 'China Speed' to stay in race

Across the country, car models rolling off assembly lines like this have gone from concept to release in record time -- known in the industry as "China Speed", the envy of foreign competitors.

3w ago

Toyota considers investing in potential $42 billion buyout of key supplier

Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.

3w ago

China must ‘overcome’ AI chip challenges

President Xi Jinping said China must “overcome” the challenges of developing core AI technologies including high-end chips, state media reported yesterday, as Beijing seeks to become a world leader in the rapidly developing industry.

3w ago

IMF policy committee underscores trade risks to global economy, commits to Fund's role

In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.

3w ago

Fed survey finds global trade fight, policy uncertainty top financial stability risks

Respondents cited "changes in government spending priorities and the extent of US international engagement" as driving uncertainty.

3w ago

Conflicting US-China talks statements add to global trade confusion

"China and the US are NOT having any consultation or negotiation on #tariffs," China shot back in a foreign ministry statement posted by the Chinese Embassy in the US.

3w ago

Ctg port will earn more if foreign operator is appointed: CPA chairman

Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal

4w ago

Chinese business in Vietnam struggles with Trump tariffs uncertainty

But in Vietnam's northern industrial Bac Ninh province, Chinese businesses that AFP interviewed -- most of whom are linked to the export supply chain -- said investors were hesitating and anxiety was widespread.

4w ago

Tesla's EU sales plunge as Musk takes flak

Sales of the sleek machines fell 45 percent to just over 36,000 units in the first quarter of 2025 in EU

4w ago