Global Economy
Payment for foreign loans surges 44% in Jul-Apr
The principal amount plus interest payments for foreign debt rose to $2.81 billion this year, up from previous year’s $1.95 billion
‘Bangladesh hardly utilising Asian regional trade potential’
Finds a study conducted by former Bangladesh Bank governor Atiur Rahman
European automakers need time, not tariffs, to fend off China competition
Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event.
G7 reaffirms warning against excess currency volatility in nod to Japan
Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a green light to intervene in the market to arrest rapid falls in the yen
Airlines, hotels, retailers fear being left out in Google's search changes
Lobbying groups representing airlines, hotels and retailers have urged European Union tech regulators to ensure that Google takes their views into account, and not just large intermediaries, when making changes to comply with landmark tech rules
Feni has potential to be an industrial hub: analysts
The ERD, Feni administration organised a workshop on sustainable LDC graduation
Cut spending to save money: Wahiduddin Mahmud
Implementing development project with borrowed money not a good idea, he said at a debate contest of the Debate for Democracy
Semiconductor makers have potential to earn $10 billion by 2041: Palak
Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.
Bangladesh’s outlook remains bright despite global uncertainty
Says HSBC’s chief economist for Asia
Biden's new China tariff wall faces leakage via Mexico, Vietnam
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of US manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them
Argentina: Yearly inflation at almost 300%
The monthly inflation rate rose at 8.8 percent, compared to 11 percent in March
Steel prices set to rise in Bangladesh: analysts
The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit
Uber to buy Foodpanda Taiwan
The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.
US to raise tariffs on $18 billion of China imports including chips
The United States is hiking tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday
Sony net profit dips on-year but beats estimate
On Tuesday, Sony logged a net profit of $6.2 billion for 2023-24
IMF endorses Japan's commitment to flexible yen
IMF said Japan's commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability
'Significant' China response to US tariffs possible: Yellen
Beijing could possibly issue a "significant" response to US tariffs on Chinese goods, Treasury Secretary Janet Yellen said Monday when asked about the prospect of fresh levies
