Global Economy
Oil prices steady after sliding on potential Israel-Hezbollah ceasefire
Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT
China says raised 'serious concerns' with US over trade curbs
Chinese Commerce Minister Wang Wentao's call with US Commerce Secretary Gina Raimondo was described by Beijing as "candid, in-depth and pragmatic".
Analysis / The US economy is solid: Why are voters gloomy?
Despite indicators showing the US economy is moving in a healthy direction, many Americans remain pessimistic about business and job prospects -- a mood that poses a frustrating problem for Vice President Kamala Harris in her neck-and-neck race with Donald Trump for the White House
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
Cash is leaving China again, pressuring yuan
A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest better-yielding assets.
EU and China open talks over electric car tariffs
EU and China trade chiefs held "candid and constructive" talks on Saturday over plans from Brussels to ramp up tariffs on Chinese electric cars, and the two sides will hold further consultations, the EU said
Beyond Nvidia: the search for AI's next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza
India’s oil imports from Russia at record high
India’s oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as discounts for Russian oil widened on lower demand from China, according to trade sources and shipping data.
Eurozone business activity growth slows sharply in June
The growth of business activity in the eurozone slowed down in June after the manufacturing sector posted its biggest decline in six months, a key survey said Friday.
US adds Japan to its currency watchlist
The United States added Japan to its “monitoring list” of major trading partners whose currency practices “merit close attention” on Thursday, while reaffirming that none had been designated as a currency manipulator.
Piled-up import containers congest Ctg port
Slow container delivery from the port created the problem
Bangladesh receives $900 million in World Bank loans for two projects
These new financing operations will help Bangladesh in financial sector and urban management, says Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan
Deposits of Bangladeshi banks, nationals in Swiss banks hit lowest level ever
It declined 68% year-on-year to 17.71 million Swiss francs in 2023
Oil stable above $85
Brent oil futures were steady on Thursday, hovering slightly below seven-week highs as the market awaited US inventory data.