Global Economy
Bangladesh may not regain US GSP soon
Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.
China should use fiscal policy to boost growth: IMF
The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.
New administrator forms 10-member panel to run BGMEA
They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir
Unilever beats third-quarter underlying sales estimate
The consumer goods giant said on Thursday it was keeping its full-year outlook for 3-5 percent underlying sales growth and an underlying operating margin of at least 18 percent
US fines Apple and Goldman Sachs over Apple Card
Apple failed to send tens of thousands of customer disputes about credit card transactions to Goldman Sachs, and when it did the bank did not follow federal requirements for investigating claims, the bureau said
Boeing workers reject contract, extend strike: union
64 percent of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X
US ‘very close’ to soft landing
The United States is very close to achieving a soft landing, the rare feat of tackling inflation without spurring a long recession, the IMF’s chief economist told AFP.
India lifts export tax on parboiled rice
The removal comes amid bumper harvest projections and surplus stock
BGMEA again seeks extension of EU GSP
The garment makers' platform sits with EU ambassador today
War dashes exporters’ $1b Russian dream
Bangladesh’s shipment to Russia fell nearly 30 per cent year-on-year to $432 million in July-May of the outgoing financial year owing to the difficulty in supplying goods to a country at war with Ukraine.
Vietnam’s fruit, vegetable exports to hit $4b this year
Vietnam’s exports of fruits and vegetables are expected to be worth US$4 billion this year.
Bitcoin hits 1-year high
Bitcoin, the world’s largest cryptocurrency, hit a one-year high on Friday at $31,458, capping off a week of gains helped in part by BlackRock’s plans to create a bitcoin exchange-traded fund even as the digital asset sector faces US regulatory scrutiny.
Amazon to raise India investment to $26b by 2030
Amazon said on Friday it will take its investments in India to $26 billion by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.
UK economy falters on cost-of-living crisis
UK private-sector growth has slowed to a three-month low as soaring interest rates and stubbornly high inflation fuelled by rising food prices worsens a cost-of-living crisis, data showed Friday.
Modi eyes stronger tech ties with US as he meets top CEOs
Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China.
Ukraine’s financial results better in 2023
Ukraine’s financial results have improved this year, with budget revenues increasing by 45 per cent in May compared to the same period a year ago, Finance Minister Serhiy Marchenko said on Friday.
Eurozone economic growth slows sharply
Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly watched survey showed on Friday.
Vietnam, two others put on money-laundering ‘grey list’
International money-laundering watchdog the Financial Action Task Force announced Friday it had put Cameroon, Croatia and Vietnam on its “grey list” of countries under increased monitoring.