Global Economy
Adani reduces power supply to Bangladesh by half over payment backlog
Since July, Adani has been charging more than in the previous months, Bangladesh says
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.
China’s import, export plunge for Covid rules
China’s imports and exports plunged in November to levels not seen since early 2020, official figures showed Wednesday, as severe Covid restrictions hit the economy hard.
Bangladesh to get $250 million from AIIB as budget support
The Asian Infrastructure Investment Bank (AIIB) has agreed to give $250 million in loan as budget support to implement the Strengthening Social Resilience Programme (sub-programme 2).
‘Next 10 years crucial for Bangladesh to fight climate change, poverty’
The next ten years are crucial for Bangladesh to prepare, adapt and transform societies, economies and all ecosystems as the world is now facing triple and interconnected crises: the climate emergency, rapid damage to biodiversity and extreme poverty, FBCCI President Md Jashim Uddin said.
Leather goods export to hit $10 billion by 2030: Munshi
Leather and leather goods export from Bangladesh will rise by 10 times to $10 billion by 2030 from the existing $1 billion, Commerce Minister Tipu Munshi said today.
Europe’s inflation problem will linger for years to come
Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central Bank's 2 per cent target, keeping pressure on the ECB to tighten policy well into 2023.
‘Bangladesh committed to cut carbon emission by 22% within 2030’
Bangladesh is the globe’s one of the lowest carbon emitters, but still the country is committed to cut carbon emissions by 89.47 million tonnes or 21.85 per cent of carbon dioxide by 2030, FBCCI President Md Jashim Uddin said today.
India shares product list with Moscow
India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as his country seeks to narrow a growing trade deficit with Russia at a time when Moscow faces acute shortages of some crucial materials following Western sanctions.
US hiring tops expectations as wages pick up
US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady and wages ticked up, the government reported Friday.
Opec+ agrees to keep output levels unchanged
Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week.
Russia denounces oil price cap agreed by EU, G7
Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and might have to be revisited.