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.
Brazilian economy slows
Brazil’s economic growth slowed to a weaker-than-expected 0.4 percent in the third quarter, according to official figures released Thursday, as the central bank’s aggressive interest-rate hikes put the brakes on Latin America’s biggest economy.
Energy crisis driving climate-friendly power savings: IEA
Russia’s invasion of Ukraine has driven countries across the world to boost energy efficiency, creating “huge potential” to tackle high prices, security and climate change, the IEA said on Friday.
Europe can't look to US shale to fill any OPEC gap
US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world's largest producer, but now they are running out of runway.
Price cap won't curb demand for Russian oil: Kremlin
AFP, Moscow.The Kremlin Saturday said it would "not accept" a price cap on Russian oil agreed by the EU, G7 and Australia towards limiting Moscow's funds for the Ukraine offensive, Russian news agencies reported.."We will not accept this price cap," Kremlin spokesman Dmitry Peskov to
G7, Australia agree $60 per barrel price cap for Russian oil
The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.
US consumer spending solid in October
US consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it navigates a high interest rate environment.
German parliament votes to ratify CETA with Canada
Germany’s Bundestag lower house of parliament voted by a majority on Thursday to back the ratification of the European Union’s free trade agreement with Canada, five years after it provisionally went into force.
IMF chief sees higher chance of global growth below 2 per cent in 2023
International Monetary Fund Managing Director Kristalina Georgieva said on Thursday the chance of global growth falling below 2 per cent next year was increasing due to continued effects of the war in Ukraine and simultaneous slowdowns in Europe, China and the United States.
EU discussing Russian oil price cap at $60/barrel
Representatives of European Union governments were discussing on Thursday a price cap on Russian seaborne oil at $60 per barrel, with a review every two months, yielding to pressure from some countries to lower the cap, diplomats said.
Unemployment in Eurozone drops to record low
Unemployment in the eurozone has dropped to a record low, at 6.5 per cent in October, the EU’s Eurostat statistics office said Thursday.