Global Economy
Outstanding bills: Adani halves power supply to Bangladesh
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
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.
Weary investors see little respite to Fed hike gloom
Investors trying to navigate this year’s relentless interest rate rises have more reasons to play it safe, after a pessimistic message from the US Federal Reserve clouded the outlook for asset prices.
Bank of England hikes interest rate
The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession set to last until mid-2024.
US trade deficit widens
The US trade gap widened in September after five straight months of decline, government data showed Thursday, on cooling food and energy exports while imports of products like semiconductors and consumer goods picked up.
Turkey’s inflation hits 24-year high
Turkish annual inflation climbed to a new 24-year high of 85.51 per cent in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging prices.
Sugar prices rise for gas crisis in refining mills: Munshi
Sugar prices increased in the local markets as millers could not refine raw sugar due to shortage of gas, Commerce Minister Tipu Munshi said today.
Bangladesh Bank relaxes age limit for pandemic-hit job-seekers
Bangladesh Bank has relaxed the age limit for job-seekers in the banking sector due to the impacts of the coronavirus pandemic on the recruitment process.
Visiting IMF team queries about Bangladesh's post-LDC preparation: Ghosh
The visiting team of the International Monetary Fund (IMF) today wanted to know how prepared Bangladesh is for the country's graduation to a developing nation in 2026.
Dollar drops as optimism spreads before Fed decisions
The US dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of Federal Reserve and Bank of England (BoE) meetings this week.
ECB must keep raising rates
The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased, ECB President Christine Lagarde said in an interview published on Tuesday.
US, UAE announce clean energy partnership
The United States announced a clean energy partnership on Tuesday with the United Arab Emirates worth $100 billion, the White House said.