Global Economy

Global Economy

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.

4h ago

Weaker Donald Trump will struggle to keep promises

Donald Trump can still cut deals and issue orders. But the US president’s power has waned since he imposed sky-high tariffs in April, only to backtrack. In particular, the balance of power between the United States and China, which should be critical to his promise to “Make America Great Again”, has shifted in Beijing’s favour.

4h ago

China cuts key rates to aid economy as trade war simmers

China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-US trade war..The widely expected rate cuts are aimed at stimulati

6h ago

Banks can now pay fees for correspondence courses abroad

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

9h 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.

14h ago

Japan's Honda to scale back on electric vehicles, concentrate on hybrids

It plans to launch 13 next-generation hybrid models globally in the four years from 2027.

16h ago

China's central bank cuts two key rates to historic lows

The five-year LPR, the benchmark for mortgage loans, was cut from 3.6 percent to 3.5 percent, it said.

16h ago

RMG export to EU rises 29% in Jan-Mar

Bangladesh shipped $5.98 billion worth of apparels to the EU in the first three months of 2025

1d 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.

4h ago

Weaker Donald Trump will struggle to keep promises

Donald Trump can still cut deals and issue orders. But the US president’s power has waned since he imposed sky-high tariffs in April, only to backtrack. In particular, the balance of power between the United States and China, which should be critical to his promise to “Make America Great Again”, has shifted in Beijing’s favour.

4h ago

China cuts key rates to aid economy as trade war simmers

China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-US trade war..The widely expected rate cuts are aimed at stimulati

6h ago

Banks can now pay fees for correspondence courses abroad

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

9h 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.

14h ago

Japan's Honda to scale back on electric vehicles, concentrate on hybrids

It plans to launch 13 next-generation hybrid models globally in the four years from 2027.

16h ago

China's central bank cuts two key rates to historic lows

The five-year LPR, the benchmark for mortgage loans, was cut from 3.6 percent to 3.5 percent, it said.

16h ago

RMG export to EU rises 29% in Jan-Mar

Bangladesh shipped $5.98 billion worth of apparels to the EU in the first three months of 2025

1d ago

How is the economy doing?

The silver lining is that the economy isn’t falling apart

1d ago

Samsung’s next big bet? M&A hopes rise in advanced tech

Questions remain over whether the company has the liquidity to pursue large-scale deals

1d ago