Global Economy
S Alam took out Tk 7,000cr loan from Social Islami Bank
Chattogram-based business conglomerate S Alam Group took out around Tk 7,000 crore from Social Islami Bank, which is over 18 percent of the total outstanding loans of the cash-strapped commercial lender.
27 progress to world stage of Nasa Space Apps Challenge
The Bangladesh phase of 11th edition of the Nasa Space Apps Challenge 2024 concluded on Sunday with 27 winners.
China to flesh out economic stimulus plans after bumper rally
Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.
Analysis / China’s consumers regain some lost lustre
Amid slowing growth and a property downturn, domestic demand has remained anaemic for much of the year: retail sales rose only 2.1 percent in August, missing analyst forecasts of 2.5 percent
Sri Lanka's leftist government secures $200m World Bank loan
The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash
UK pay growth weakest since February 2021, REC survey show
The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021
Oil prices dip after strongest weekly rise in over a year
Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
Samsung's profit recovery seen weakening in Q3
Operating profit for Samsung likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30
HSBC appoints insider Georges Elhedery as CEO
Elhedery, 50, who becomes HSBC's third CEO in less than eight years, will replace outgoing head Noel Quinn from Sept. 2
German investor morale records first drop in a year
German investor confidence fell for the first time in a year in July, a key survey said Tuesday, as the prospects for Europe’s largest economy seemed to darken once again.
Inflation teaches five lessons for the next crisis
Central bankers are close to declaring mission accomplished. After inflation soared beyond 9 percent following the pandemic and Russia’s invasion of Ukraine, it’s tumbling back toward the 2 percent level targeted by the US Federal Reserve and its peers in Britain and Europe.
An investor’s guide to export from Bangladesh
In Bangladesh, the export segment plays a critical role in driving economic growth by bringing in the much-needed foreign earnings.
Maersk launches new shipping service to enhance China-Bangladesh trade
The SH3 service is operational since July 7 this year
The main obstacles to Chinese growth
China’s top leadership meets on Monday to thrash out plans to boost growth, but the country’s economy remains weakened by sluggish consumption, a property sector in crisis and deflation fears.
China posts disappointing growth
China posted on Monday lower than expected growth in the second quarter, with all eyes on how top officials gathering for a key meeting in Beijing might seek to tackle the country’s deepening economic malaise.
Ctg customs to auction 182 imported vehicles as scrap
The vehicles were brought in between 2001 to 2012
Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
Samsung held the first spot with an 18.9 percent share of shipments in the second quarter, followed by Apple with a 15.8 percent share and Xiaomi with 14.8 percent