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
Investors put UK election winner Labour on credibility watch
Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible
Why AI may fail to unlock the productivity puzzle
Features of AI suggest that while its impact on the bottom line of some companies may be positive, its economy-wide consequences will be less impressive
Gold prices rise
Gold prices extended gains on Friday to their highest level in over a month following key US jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September.
India targets 27% higher onion production
The target area under kharif onion this year is 3.61 lakh hectares which is 27 percent higher than last year, the Ministry of Food said on Friday.
New UK government faces tough economic challenge
Britain’s new Labour government on Friday pledged immediate action to grow the economy after the centre-left party won a landslide general election victory.
Apparel shipment to the USA declines by 12.31%
The amount hit $2.9 billion in the January-May period
Cut in export incentive will hurt textile sector: BTMA
The primary textile sector will lose competitiveness in global arena, says BTMA president
Shun Shing Edible Oil merges with Bangladesh Edible Oil
The disclosure came nearly four months after the HC approved the amalgamation
Sri Lanka bond holders agree to take 28% haircut: govt
Sri Lanka’s private creditors have accepted a 28 percent haircut on $12.5 billion in sovereign bonds, the government announced Thursday, meeting a key condition of an IMF bailout.
China’s BYD opens EV plant in Thailand
China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.