Global Economy
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."
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
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
Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ
The company will annually produce 70 million pieces of pullers of zippers
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
'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
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
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
IndustriALL suspects political parties taking benefit of RMG unrest
The Bangladesh chapter of IndustriALL says in a press briefing
China snaps up Australian, French wheat as crop damage spurs buying spree
China is set to import record volumes of wheat this year, trading sources say, with rain damage to its crop and worries over dry weather in exporting nations fuelling Beijing's appetite to buy while prices are low.
Global business cycle is in transition
Global economic activity was mixed during the third quarter of 2023, with distinct signs of improvement in the United States and China but continued sluggishness elsewhere.
Toyota’s global production rises
Toyota Motor said on Monday that worldwide production rose 1.5 percent in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the United States and in Europe.
RMG minimum wage not finalised yet: state minister
Garment workers urged not to resort to violence over rumour
‘Energy cooperation with EU is pointless’
Russia’s former President, Dmitry Medevedev, was quoted as saying on Sunday that cooperation with Europe in energy matters was frozen or pointless as European countries had fallen on hard times and had poor growth prospects.
Investors on edge as Middle East conflict intensifies
Investors are watching for signs that the conflict in the Middle East may be escalate over the weekend, potentially ratcheting up volatility as investors await a Federal Reserve meeting and key U.S. data in the week ahead.
G7 ministers hit out at China, Russia
Group of Seven trade ministers took veiled swipes at China and Russia on Sunday while expressing concerns about the economic effect of the conflict in the Middle East.
Chevron’s third-quarter profit slumps
Chevron on Friday posted a third-quarter profit that missed Wall Street estimates by a wide margin, and its shares fell more than 5 percent.
Daffodil Computers to invest $50,000 in Dubai
It will establish a branch named Daffodil Global in UAE