Global Economy
China holds off on fresh stimulus but 'confident' will hit growth target
Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt
As Nike struggles, Adidas must surf Samba wave with caution
In a bid to attract shoppers who want to buy into the trend but still want to feel unique, Adidas has kept churning out new colourways for the Samba, Gazelle and Spezial, with some models featuring tongues like football boots, and contrast stripes in new materials like velvet.
Samsung Electronics apologises for disappointing profit as it struggles in AI chips
The comments illustrate the challenges facing the company, which has been the world's biggest memory chipmaker for three decades but is battling growing competition
Taiwan's Foxconn says building world's largest 'superchip' plant
Foxconn is the world's biggest contract electronics manufacturer and assembles devices for major tech companies, including Apple
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
Govt to buy 30,000 tonnes of diesel from India, LNG from spot market
Diesel will cost Tk 273.67 crore, LNG Tk 583.56 crore
The world is rushing to Africa to mine critical minerals like lithium – how the continent should deal with the demand
According to the 2023 Critical Minerals Market Review by the International Energy Agency, demand for lithium, for example, tripled from 2017 to 2022
Global oil market will be in supply deficit next year: EIA
Global oil demand will outpace supply next year, the US Energy Information Administration said on Tuesday, reversing a prior forecast for a surplus.
Gold ticks higher
Gold prices eked out gains on Tuesday despite a stronger dollar and higher bond yields, as investors looked forward to the US June inflation data due later this week for more clarity on the US interest rate path.
China’s GDP recovery likely lost steam in Q2 as consumption sags: poll
China’s economy likely grew 5.1 percent in the second quarter from a year earlier, slowing from a strong start in the first three months due to sluggish consumer demand, keeping alive expectations Beijing will need to unleash more stimulus.
Losses of state enterprises may rise fivefold in FY25
The overall losses of state-owned enterprises in Bangladesh may rise by nearly five times in the current fiscal year compared to the previous year, according to a projection by the government.
Reserves come down to $20.46 billion after ACU payment
$1.42 billion of import bills for May and June were paid through Asian Clearing Union (ACU)
The IMF is failing countries like Kenya: why, and what can be done about it
The country has been hammered by drought, floods and locust infestations in recent years
Rising shipping costs hit global trade hard
The offshoot conflict in the Red Sea has meant higher freight costs and increased expenses for insuring commercial trade goods.
Govt drafts AI policy to tap its potential, tackle concerns
The government has formulated the draft National AI policy as it looks to make the best use of artificial intelligence to raise productivity and spur economic growth while dealing with the concerns presented by the technology spreading at a breakneck pace.