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.
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.
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
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.
German factory orders plunge
German industrial orders fell sharply in November to hit their lowest level in more than two years, official data showed on Friday, as the war in Ukraine took a toll.
Samsung says profits to plunge to 8-year low
Samsung Electronics said Friday it expected its fourth-quarter operating profits to plunge 69 percent to an eight-year low as the global downturn hammers demand for memory chips and smartphones.
US job gains robust in Dec
US job gains exceeded expectations in December while unemployment ticked down, a closely-watched government report said Friday, in a sign the labor market remains hotter than hoped by policymakers seeking to lower inflation.
India GDP growth to slow to 7% on global headwinds
India’s economic growth will slow to 7.0 percent this financial year, according to official estimates released Friday, as weaker global demand and high inflation weigh on the world’s fifth-largest economy.
Eurozone inflation falls for second month
The eurozone’s annual inflation rate fell for a second month in a row, to 9.2 percent in December, driven by easing energy prices, official data showed Friday, bringing some relief to Europe in the new year.
Rupee rises with Asian peers
The Indian rupee rose against the dollar on Thursday, buoyed by an uptick in most Asian currencies and a further decline in oil prices.
Russia sends more Arctic oil to China, India after sanctions
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
US regulators warn banks over crypto risks
US bank regulators warned Tuesday that crypto assets and exposure present risks to lenders, urging organizations to ensure they manage the dangers.
German inflation drops on gas bill subsidy
German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.
Eurozone recession may not be as deep as expected
Eurozone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may not be as deep as expected.