Global Economy

Global Economy

Slow growth, high debt taking heavy toll on developing nations: UN

Poorer nations are increasingly struggling to navigate the sluggish global economy, the UN warned on Tuesday, calling for a fundamental rethinking of development strategies.

7h ago

China files complaint over EU’s new taxes on its EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars.

7h ago

Gold price hiked again, Tk 143,525 a bhori from tomorrow

The earlier price was Tk 141,950

10h ago

Robi Axiata’s profit rises 78% in Q3

The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 106 crore in the same period last year

11h ago

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

20h ago

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

20h ago

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

1d ago

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.

1d ago

Indonesia’s crypto market braces for stricter regulation

The Indonesian crypto market is unlikely to improve in 2023, with investors braced for another difficult year amid a new regulatory environment.

1y ago

Global expos on RMG machinery, allied products begin in Dhaka

Four international trade shows on garment machinery and allied products began at the International Convention City, Bashundhara in Dhaka today.

1y ago

US banks get ready for shrinking profits

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.

1y ago

40% German firms fear output decline

Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues and the continuing war in Ukraine.

1y ago

UK curbs energy bill support for businesses

Britain on Monday scaled back its energy bill support for businesses after warning that the current aid level was unsustainable.

1y ago

UK becoming less attractive for investment

Britain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on Monday.

1y ago

German industrial output ticks up

German industrial production recovered slightly in November, official figures published Monday showed, as fears of an energy crisis eased although prospects for Europe’s top economy still looked gloomy.

1y ago

Dollar slips near seven-month lows

The US dollar on Monday neared its lowest in seven months against other major currencies, after data last week suggested the Federal Reserve could slow the pace of its rate hikes, while China re-opening its borders boosted riskier currencies.

1y ago

Oil price rises

Oil prices climbed more than 2 per cent on Monday as China’s move to reopen its borders boosted the demand outlook and overshadowed global recession concerns.

1y ago

Remove complexities for more British investment

Bangladesh will attract more British investment if the existing business-related “complexities” are removed, said Rushanara Ali, the British prime minister’s trade envoy to Bangladesh.

1y ago