Global Economy
Analysis / China’s consumers regain some lost lustre
Amid slowing growth and a property downturn, domestic demand has remained anaemic for much of the year: retail sales rose only 2.1 percent in August, missing analyst forecasts of 2.5 percent
Sri Lanka's leftist government secures $200m World Bank loan
The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash
UK pay growth weakest since February 2021, REC survey show
The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021
Oil prices dip after strongest weekly rise in over a year
Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
Samsung's profit recovery seen weakening in Q3
Operating profit for Samsung likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30
German govt expects another recession in 2024: media
The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth, according to the Sueddeutsche newspaper
EV tariffs are only the first step in EU-China trade war
The European Union has got its electric vehicle tariffs through. On Friday, member states voted for levies on battery cars imported from the Middle Kingdom.
Dollar jumps to seven-week high
The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September led traders to cut bets that the Federal Reserve will make further 50-basis-point rate cuts.
China launches appeal at WTO over EU electric vehicle tariffs
Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union’s imposition of additional tariffs on imports of electric vehicles from China.
Bangladesh economy records sharp contraction in July
Bangladesh’s PMI hit 36.9 where a reading of 50 indicates 'no change' compared to last month and above 50 means economy is generally ‘expanding’
US tops China as Germany's biggest trading partner
German imports and exports to the world's largest economy totalled around 127 billion euros ($139 billion) from January to June, while for China the figure was 122 billion euros, according to Reuters' calculations based on the data
India calls for trade deal among Bimstec nations
India yesterday urged members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) to consider forming a preferential trade agreement among themselves to foster intra-regional trade and investment while also enhancing regional competitiveness.
MCCI expresses concern over worsening law and order situation
The leading chamber says it will welcome the interim government
Businesses demand immediate restoration of law and order
The International Chamber of Commerce, Bangladesh wants safety of production units
American Apparel & Footwear Association wants quick restoration of normalcy in Bangladesh
The AAFA is the American trade association representing apparel, footwear and other sewn products companies, and their suppliers
Garment factories not reopening tomorrow
The BGMEA took the decision today in an emergency meeting
BGMEA to sit at 7.30pm to decide on factory reopening
The executive committee members of the trade body will took part in the meeting
Trade through Ctg port got disrupted for second day
1,175 TEUs of containers were released from the port today, down from the regular 8,000 TEUs