Global Economy
US economic growth solid despite slight slowdown
The US economy saw resilient growth in the third quarter despite a modest slowdown according to government data Wednesday, less than a week before inflation-weary voters head into the presidential election.
Anti-Money Laundering / US secret service to train Bangladeshi agencies
60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training
Economy is making a turnaround: finance adviser
Business leaders appreciate the steps taken for the domestic industry
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.
Germany opens first LNG terminal
Germany on Saturday inaugurated its first liquefied natural gas (LNG) terminal, built in record time, as the country scrambles to adapt to life without Russian energy.
Net forex reserves can clear four months’ import bill: CPD
Bangladesh now has the ability to clear import payments of four months if the country’s net forex reserves are taken into consideration, the Centre for Policy Dialogue (CPD) said today.
BoE lifts interest rate to 14yr high
The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in 14 years, in a bid to cool sky-high inflation.
Companies race to build Chinese-style metaverse
As the concept of metaverse continues to grip the global technology industry, local companies are scrambling to build a digital realm that comes with Chinese characteristics.
China’s factory, retail sectors skid for Covid
China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs.
Dollar falters
The dollar was on the back foot on Thursday, even as the Federal Reserve kept to its hawkish rhetoric after raising rates by half a percentage point, as investors were doubtful over how much the central bank would commit to putting the brakes on growth to curb inflation.
Germany to dodge recession in 2023
Germany will not fall into recession due to relief measures that have lowered energy costs, an institute forecast Thursday, the latest indication an economic shock will be milder than feared.
Fed unveils small hike to interest rate
The Federal Reserve moderated its all-out campaign to cool inflation Wednesday, lifting the benchmark lending rate by a half percentage point as its policy actions ripple through the economy.
Women’s access to financial services rises
The gap in access to financial services between men and women dropped to 4 percentage points for the first time in the past decade, according to the Global Findex Database 2021.
EU wants to ‘reconnect’ with Southeast Asia
EU leaders meet their counterparts from Southeast Asia for a summit in Brussels on Wednesday, looking to bolster ties in the face of the war in Ukraine and challenges from China.