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".
Exports to Russia returning to normalcy
Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities.
Opec+ members endorse output cut
Opec+ member states lined up on Sunday to endorse the steep cut to its output target agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move.
Sri Lanka slashes fuel prices
Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warned that the economy will shrink an unprecedented 9.2 per cent this year.
Seoul to ease restrictions on foreign workers
Visa regulations for foreign workers in the agricultural and fisheries sectors will be eased as part of efforts to address labor shortages in rural areas.
Rate hikes needed in eurozone
Higher interest rates are necessary in the eurozone, whose central bank has joined others around the world in hiking rates to cool prices, the head of Germany’s Bundesbank said Saturday.
World Cup jersey sales yet to gain momentum
Sales of football and cricket kits in markets across the country have started ahead of the biggest international competitions of the two sports which are set to mesmerise an ocean of fans and supporters all over the world.
Pound slides
The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic policy U-turn, while an equity rally ran out of steam.
Eurozone coming closer to contraction
Uncertainty about Russian energy imports is pushing the eurozone closer towards a contraction in 2023, two senior European Central Bank officials said Friday.
Russia war ‘most important’ factor slowing growth: IMF
Russia’s war in Ukraine is the “single most important element” slowing economic growth and generating global instability, the chair of a key IMF committee said on Friday.
Jica should facilitate Matarbari as a petrochemical hub: FBCCI
The Japan International Cooperation Agency (Jica) should facilitate establishing a petrochemical industry in Matarbari-Moheshkhali project area, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).