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.
Global development cooperation must find new narratives
Global development cooperation must find new narratives in order to become more effective, said Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue (CPD).
Nestle to open $43m factory in Ukraine
Swiss food giant Nestle said Monday it was opening a new production site in war-torn Ukraine, and would invest tens of millions in a factory and production network set to employ 1,500 people.
EU could face gas shortage next year, IEA warns
The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables.
BSTI certification made mandatory for 10 new products
Bangladesh Standards and Testing Institution (BSTI) has included 10 new products in the list which now need mandatory certification from the national standards body.
€19b Russian assets frozen in EU over war
EU countries, led by Belgium and Luxembourg, have frozen 18.9 billion euros of assets belonging to Russian oligarchs and entities hit by sanctions over the war on Ukraine, Brussels has said.
Inflation in China falls below 2%
China’s consumer inflation slowed further in November as it fell below two percent for the first time since March, official data showed Friday, providing authorities room to unveil fresh measures to kickstart the stuttering economy.
Envoy Textiles gets $11.2 million ADB loan for yarn spinning unit
The Asian Development Bank (ADB) has entered into a €10.8 million ($11.2 million) loan agreement with Envoy Textiles to fund a second yarn spinning unit at Envoy’s manufacturing plant in Mymensingh’s Bhaluka.
Banks asked to levy minimum LC margin on importers
The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for a number of essential commodities in order to keep their prices at a tolerable level during Ramadan and ensure smooth supply.
Recession in US not inevitable: Yellen
A recession in the US is “not inevitable,” Treasury Secretary Janet Yellen said Thursday, adding that she believes the world’s biggest economy is on the right track in lowering inflation.
UK to unveil post-Brexit financial services reforms
The UK government will on Friday unveil post-Brexit plans to overhaul and preserve its powerful financial services industry, as it also seeks to boost a flagging economy facing recession.