Global Economy
IMF Projects Japan’s GDP to fall to world’s 5th after India in 2025
Japan’s nominal GDP will be overtaken by India’s and slip from number 4 in the world to number 5 next year, according to projections by IMF
Analysis / Europe's auto suppliers reach the end of the road
Facing the double shock of the end of combustion engines and rising competition from China, European suppliers like Bosch, ZF and Webasto have all announced cuts, casting a shadow on the forthcoming EU elections
Foxconn reiterates Q2 revenue to grow, posts record April sales
Taiwan's Foxconn, the world's largest contract electronics maker. reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April
China's smartphone shipments reach 69.3 million units in Q1
China's smartphone shipments grew by 6.5 percent year on year to 69.3 million units in the first quarter of 2024, data from a recent industry report showed
Apple has big AI ambitions - at a lower cost than its rivals
While Microsoft, Facebook and everyone else is investing heavily towards AI, Apple is taking a more cautious approach
US support sought to build Smart Bangladesh
ERD secretary sits with US delegation on the sidelines of the ADB annual meeting
Conclude ex-Robi CEO’s case in 3 months: HC
Mahtab Uddin Ahmed lodged a lawsuit seeking Tk 227 crore compensation for his 'wrongful dismissal'
Analysis / Inditex’s golden era is coming to an end
As Shein prepares for a possible New York stock listing, Inditex is so far dismissing the threat, yet it has few defences
EU toughens safety rules for online retailer Shein
The company joins Facebook, TikTok, X, YouTube and others on a list of "very large online platforms" which have more than 45 million monthly active users in the European Union
Airbus net profit soars 28% in first quarter
Airbus' net income in the first three months rose to 595 million euros ($637 million) while revenue grew nine percent to 12.8 billion euros
Microsoft, Google earnings shine as AI drives revenue
Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, Microsoft's revenue was $61.9 billion, with net profit up by 20 percent to $21.9 billion
Meta profits soar but costs of AI cause worry
The rise in sales and profit continued Meta's rebound of 2023, which came thanks to drastic cost-cutting, including massive layoffs
Heidelberg Bangladesh’s sales drop, but profit rises
The company gives credit to fall in administration, distribution costs and selling expenses
Beijing powers up into car wars battleground
The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association
Tesla profits tumble but shares rise on new vehicle plan
Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market
Inflation, exchange rate stability should get priority: experts
ICMAB organises a pre-budget discussion
Chinese SBS Zipper to invest $20 million in Bepza economic zone
The company will produce annually 271 million pieces of zipper and accessories
FBCCI to establish joint business council with Qatar Chamber
The council will strengthen economic ties and cooperation
