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.
Gold shines on rate-cut hopes
Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key US inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September.
Sri Lanka’s inflation doubles to 1.7% in June
Crisis-hit Sri Lanka’s annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the previous month, as food prices began rising again, official data showed Saturday.
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.
Indians battle intense heat with 'mad rush' for air conditioners, 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
Sri Lanka’s creditors demand deal details, including with China
Sri Lanka’s bilateral lenders who agreed to restructure close to $6 billion in loans have demanded “comparability of treatment” with other creditors, including China.
Fitch downgrades Maldives, warns of default
International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia’s tourist paradise could be headed for a sovereign default on its foreign loans.
H&M net profit jumps 52% in second quarter
H&M posted on Thursday a 52-percent jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs.
Korea to give $814.91m for rail and road bridge
South Korea is set to provide a loan of $814.91 million to Bangladesh for the construction of a rail and road bridge across the Karnaphuli river at the Kalurghat point in Chattogram.
Banks grab AI-generated tiger by the tail
For such a seismic force like AI,there’s little tangible sign yet that shareholders believe in the prospective value uplift for the industry.
Ratings agency Fitch downgrades Maldives, warns of default
International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia's tourist paradise could be headed for a sovereign default on its foreign loans