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.
BMW to invest $2.1 billion at Hungary unit
German automaker BMW said Friday it plans to invest more than two billion euros ($2.1 billion) at its under-construction Hungarian factory and is building an electric battery assembly plant on site.
Toyota launches 2nd hybrid car in India
Toyota Motor Corp on Friday launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.
Investors left scratching heads as ECB bosses spar on outlook
The European Central Bank’s top economic thinkers are sparring over the outlook for inflation and rates, leaving investors scratching their heads over the ECB’s next policy moves.
Consumer inflation in Japan's capital rises at fastest pace in 40 years
Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and exceeded the central bank's 2 percent target for a sixth straight month, signalling broadening inflationary pressure.
Germany must trade with China warily: minister
No one is suggesting Germany should stop trading with China, but Beijing’s investments in critical sectors must be examined closely, German Economy Minister Robert Habeck said on Wednesday.
Global growth to slow: OECD
World growth is set to slide from 3.1 per cent this year to 2.2 per cent next year due to high inflation, before rebounding slightly to 2.7 per cent in 2024, the OECD said Tuesday.
Germany plans higher borrowing to combat energy crisis
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe’s biggest economy facing “great economic uncertainty”, Finance Minister Christian Lindner said Tuesday.
Global growth to slow amid 'persistent' high inflation: OECD
World growth is set to slide from 3.1 per cent this year to 2.2 per cent next year due to high inflation, before rebounding slightly to 2.7 per cent in 2024, the OECD said Tuesday.
Delhi to continue development projects in Rakhine
India has reiterated its commitment to continue with the developmental projects in Rakhine area of Myanmar and border area for the benefit of the people of that country.
China's great reopening may come too late for many businesses
The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh Covid-19 restrictions.