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.
Dollar gains against major currencies
The U.S. dollar was firmly higher against major currencies on Monday, while China’s yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world’s second-biggest economy.
Qatar signs world’s ‘longest’ gas supply deal with China
QatarEnergy announced a 27-year natural gas supply deal with China Monday, calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
UK needs more migrant labour
Britain needs more migrant labour to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country’s main lobby group warned Monday.
Qatar Airways cheers up football fans in Bangladesh
Qatar Airways, official airline partner of FIFA, organised a programme to bring the excitement of the Qatar’s World Cup to football fans in Bangladesh at Radisson Blu Dhaka Water Garden on Sunday.
New German law to boost compliance in supply chain
A new German due diligence law will come into effect from January next year, aiming to bind companies to ensure better human and labour rights in factories and supply chains, said an official of a German development agency.
In a stadium of their own, migrant workers say their sweat made World Cup happen
Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East.
LDC graduation won’t affect trade too much
Bangladesh’s exports will not be as affected as feared following the United Nations country status graduation from a least developed to a developing nation in 2026, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
Indian economy to grow 6.3pc in Q2: RBI
India’s economy is expected to grow between 6.1 per cent and 6.3 per cent in the second quarter of the current financial year based on high frequency indicators and economic prediction models, the Reserve Bank of India (RBI) said in its monthly bulletin.
UK retail sales recover partially
British retail sales staged only a partial rebound last month after shops closed in September for the funeral of Queen Elizabeth, and they remained below their pre-pandemic level as soaring inflation hits spending power.
Foreign shipping lines facing difficulties remitting funds
Bangladesh’s trade with other countries may suffer as foreign shipping lines are facing difficulties in remitting foreign currencies from the country because of a dollar crisis, speakers said yesterday.