Global Economy
Apple narrowly beats estimates with boost from iPhone sales
The tech giant saw quarterly revenue of $94.9 billion in the three months ending September 28
US hiring slowest since Biden took office, on strikes, hurricanes
The world's biggest economy added just 12,000 jobs last month, far below expectations and down from a revised 223,000 in September
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".
UAE targets clean projects at 50pc of energy mix by 2050
The United Arab Emirates aims to increase the share of clean energy projects to 50 per cent of its overall energy mix by 2050, state news agency WAM cited its energy minister as saying on Sunday.
With Twitter, Musk’s influence enters uncharted territory
First, Elon Musk revolutionised the automobile industry, then he tackled space travel. By taking control of Twitter, the eccentric billionaire now wields a nearly untold level of influence.
US retailers battle high costs clearing Christmas stockpiles
US retailers are hustling to sell their stockpiles of Christmas decorations as the festive season approaches, after tangled supply chains caused many shipments to arrive only after the holidays last year.
Fed set for fourth steep rate hike
The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.
US consumer spending remains strong in September
A key measure of US inflation kept its pace in September while consumer spending remained strong, government data showed Friday, fueling expectations of a further interest rate hike by the central bank.
Recession fears stalk Europe
Germany’s economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.
Oil giants log massive profits
Global energy giants including Exxon Mobil Corp and Chevron Corp posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices that have boosted inflation around the world and led to fresh calls to further tax the sector.
India extends export curb on sugar
India has extended its restriction on sugar exports by another year until October 31, 2023, to contain prices of the sweetener in its domestic market, according to a notification from the country’s Directorate General of Foreign Trade on Friday.
2.51 lakh tonnes of shrimp produced in Bangladesh in FY21: minister
Bangladesh produced 2.51 lakh tonnes of shrimp in 2020-21 fiscal year and the country’s export income increased in the last few years despite global recession amid Covid-19 pandemic, Fisheries Minister SM Rezaul Karim said today.
India's forex reserves drop to lowest since July 2020
India's foreign exchange reserves fell to $524.52 billion in the week through Oct. 21 to remain at their lowest since July 2020, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.