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.
Dhaka-Chattogram highway, the key trade route, faces disruption again
Most vehicles avoided the highway today
China’s stuttering recovery darkens global corporate growth outlook
Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world’s No. 2 economy, China, and are strapping in for a bumpy ride ahead.
US keeps Vietnam as non-market economy
The US Commerce Department announced on Friday it will continue to classify Vietnam as a non-market economy country, a decision disappointing to Hanoi, which the US has been wooing in its efforts to push back against China.
Kamalapur ICD-bound container congestion hits Ctg port
The port yard now has 2,346 TEUs of containers, up from its capacity to store 876 TEUs
Economic possibilities for my grandchildren
Geopolitical tensions are on the rise, and the world economy is facing its weakest medium-term prospects in decades
In world first, EU’s sweeping AI law enters into force
The European Union’s landmark law on artificial intelligence came into force on Thursday, which Brussels vows will drive innovation while protecting citizens’ rights.
Stocks end week with a jump
Bangladesh’s stock market ended higher yesterday due to a rise in confidence among investors as normalcy was returning following the students’ quota reform movement and the subsequent unrest.
Global factories struggle as demand wanes
Manufacturers across Europe and Asia turned in a weak performance last month as factories grappled with tepid demand, surveys showed on Thursday, raising the risk of an underpowered global economic recovery.
Forex reserves decline by $1.3 billion in a month
Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago
Remittance falls 3.2% in July
Banks could not receive any remittance in the five days of countrywide internet blackout this month