Global Economy

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.

1h ago

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".

1h ago

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.

13h 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.

13h ago

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

The earlier price was Tk 141,950

16h 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

17h 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

1d 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

1d ago

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.

1y ago

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.

1y ago

‘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.

1y ago

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.

1y ago

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.

1y ago

Oil price falls

Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed.

1y ago

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.

1y ago

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.

1y ago

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.

1y ago

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.

1y ago