Global Economy
China factory output expands for first time in six months
In October, China's Purchasing Managers' Index (PMI) -- a key measure of industrial output -- was 50.1, the National Bureau of Statistics (NBS) announced, up from 49.8 in September.
Samsung Q3 operating profits soar to $6.6 bn, miss forecast
The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
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
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.
‘Historical and unexplored ties between Afro-South Asian communities need cultural attention’
Exploring the Afro-South Asia connection and the untold narratives of the Habshi rulers during the Sultanate period in Bengal, globally renowned researcher, archivist, and curator Dr Kenneth X Robbins on Tuesday said that the historic ties between the Afro-South Asian communities need to be closely studied across the globe.
Bangladesh recycles only 36% plastic waste: experts
Only 36 per cent of the 8.25 lakh tonnes of plastic waste Bangladesh produced in 2019 were recycled whereas the amount was 51 per cent in 2006, a matter of big concern for the country, an expert said today.
Six ICDs top export, import handlers’ list for seventh year
Six out of the 19 private inland container depots (ICDs) have once again come up as the major handler of export and import cargoes in the port city.
Oil price falls
Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed.
US retail sales grow 7.6% in holiday season
US retail sales rose 7.6 per cent between November 1 and December 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday.
Dollar edges up but sentiment frail
The dollar edged up yesterday, pulling away from recent six-month lows against a basket of major currencies, for now.
Global economy faces tougher year in 2023: IMF chief
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
India’s jobless rate rises to 16-month high
India’s unemployment rate rose to 8.30 per cent in December, the highest in 16 months, from 8.00 per cent in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday.