Global Economy
Robi Axiata’s profit rises eightfold in Q3
The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 24.4 crore in the same period last year
Google reports strong growth driven by AI, cloud
The technology giant's net income surged 34 percent to $26.3 billion, while earnings per share increased 37 percent to $2.12
Beijing files WTO complaint over EU's new taxes on Chinese EVs
The extra taxes of up to 35 percent were announced Tuesday after an EU probe found Chinese state subsidies were undercutting European automakers
US finalizes curbs on investing in Chinese tech
The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing
HSBC reports $8.5 billion pre-tax profit in third quarter
The rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth management division as well as higher revenues in global banking and markets, HSBC said in an earnings release.
India’s economic growth to stay strong: poll
India’s economy will grow at a solid pace this fiscal year and next, according to a Reuters poll of economists, but they cautioned that key drivers such as job creation and household spending will only increase mildly over the next 12 months.
Boeing plans to launch effort to raise over $15 billion in capital as early as Monday, source says
The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand.
Oil prices tumble as Iran fears ease, yen weakens after Japan polls
Oil prices fell as much as five percent in early trade before paring some of their losses
India may cut gold import duty
India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.
Brazil and Argentina discuss common currency
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
Can Bangladesh overtake China to be EU’s biggest apparel source?
Bangladesh is poised to become the source of most of the European Union’s (EU) apparel as China, the largest apparel supplier worldwide, is witnessing a decrease in its share of trade with the bloc.
Don’t let war create food insecurity: Razzaque urges global leaders
Agriculture Minister Muhammad Abdur Razzaque has urged the developed countries to keep the food and agricultural inputs out of the purview of war and sanctions.
Develop suitable ecosystem for Smart Bangladesh: experts
It is now crucial to hold different players of the telecom industry other than mobile network operators accountable to ensure better voice and data services for consumers, according to various experts.
Flying to China to be made easier
China will start full-fledged flight operations with Bangladesh from February this year, according to the newly appointed Chinese Ambassador to Bangladesh Yao Wen.
Rizal Bank appeals after US court rejects initial motion
A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank’s motion to throw out the Bangladesh central bank’s lawsuit against it.
Reaching financial inclusion goal to take 200 years at current pace
Reaching the financial inclusion goal would take 200 years for Bangladesh if the country keeps working at the current pace in the area, said Shah Md Ahsan Habib, a professor at the Bangladesh Institute of Bank Management (BIBM), today.
Cut energy prices when global rates fall: DCCI
The global economic crisis and supply shortage may fuel energy prices in Bangladesh, but the local rates should be adjusted and decreased when the international prices fall, Dhaka Chamber President Barrister Md Sameer Sattar said today.
India's forex reserves rise to 5-month high
India's foreign exchange reserves rose to a five-month high in the week ended January 13, according to the Reserve Bank of India's (RBI) statistical supplement released on Friday.