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
Boeing’s future CEO has same mess, different day
Boeing has not yet met a sufficiently painful reckoning. The $113 billion jet maker will plead guilty to a criminal fraud conspiracy, according to court filings submitted Sunday by the US Department of Justice. As part of the deal, Boeing will pay a further $244 million fine and put $455 million towards safety over the next three years. Neither does much to dent the earnings power of an entrenched duopolist – or dispel the mire of controversy awaiting the unnamed Boeing boss who is set to replace exiting David Calhoun.
Apple auctioned at Tk 61 a kg, orange at Tk 67
Ctg customs bids out 118 tonnes of apple, orange at only Tk 74.6 lakh
Microsoft to offer Apple devices to employees in China
The absence of Android services is the reason of taking such move
EU tariffs hit growth in China’s EV exports
The prospect of European tariffs cut 20-30 percentage points off China’s growth in exports of electric and plug-in hybrid cars in recent months, an official at a leading Chinese auto industry body said on Monday.
Global economy finds new ways to keep growing
The world economy is defying the Cassandras. Despite widespread predictions of a slowdown, global GDP growth is accelerating. The United States is still the star performer but as it flags other regions are picking up the slack. Risks of damaging geopolitical confrontations abound. But for now investors can bask in an ideal economic environment.
Global economy finds new ways to keep growing
Despite widespread predictions of a slowdown, global GDP growth is accelerating
Chinese brands tap soccer to shine in Europe
According to UEFA's official website, there are 13 global partners for this year's tournament and, remarkably, five of them are Chinese companies: BYD, Vivo, Hisense, Alipay and AliExpress
Indian consumer goods makers’ sales growth picks up
Indian consumer goods companies Marico, Dabur and Adani Wilmar reported a pick up in first-quarter revenue growth as demand improved gradually, with consumers spending more on personal care and cooking products.
Oil settles 1% lower
Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes.
US jobs market sees gradual cooldown in June
US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world’s biggest economy is cooling steadily as policymakers hope.