Global Economy
Foxconn to build world’s largest ‘superchip’ plant
Taiwanese tech giant Foxconn said on Tuesday it is building the world’s largest production plant for US hardware leader Nvidia’s GB200 “superchips” that power artificial intelligence servers.
US judge orders Google to open Android to rival app stores
A US judge on Monday ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant.
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.
US manufacturing contraction deepens in June
US manufacturing activity edged lower in June, deepening a recent slump on continued weak demand, according to industry survey data published Monday.
Economic stability govt’s main focus: state minister for finance
The American Chamber of Commerce in Bangladesh (AmCham) organises monthly luncheon meeting
The risk of a euro crisis is rising
One way of looking at the euro zone is as a forest where dry tinder is piling up. The locals are not doing much to clear the debris, and some are wandering around with naked flames. But they know it would be foolish to throw lit matches on the forest floor. Besides, there is a fire engine which will probably ride to the rescue.
Asian factories enjoy solid momentum, Europe faces setback
Manufacturing activity in Europe suffered a setback last month but Asian factories enjoyed solid momentum, offering policymakers some hope the region can weather the hit from soft Chinese demand, surveys showed.
PM’s visit may open door for FTA with China: Titu
Prime Minister Sheikh Hasina’s four-day China visit begins on July 8
Ctg port posts 5.36% growth in container handling
The port handled 31.69 lakh TEUs of containers in FY24, up from 30.07 lakh TEUs the previous fiscal
Bangladesh cuts cash incentive for exporters further
From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
China factory activity contracts for second month
Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country’s shaky economic recovery ahead of a key political gathering expected to focus on deepening reform.
Payment period for raw material imports extended till Dec
The previously fixed 360-day usance period ended today
Indians battle intense heat with ‘mad rush’ for ACs, beer
Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses.