Global Economy
Boeing is just too big to jail
Justice isn’t always blind. When it comes to levying punishments on powerful companies, the challenge is to inflict enough pain that bad behavior is deterred, but not so much that it creates unintended suffering elsewhere. Boeing, an American icon in a heap of trouble, exemplifies that quandary.
Chinese firm to invest $109m in Bepza EZ
Alpen Banyan Garments BD Company, a Chinese company, will invest $108.99 million to set up a woven and knit garment factory inside Bepza Economic Zone in Mirsharai of Chattogram.
Oil prices edge down
Brent crude fell on Tuesday while investors awaited US inflation data later this week, but prices held above the $85 level after the previous session’s gains on escalating geopolitical tensions and hopes of improved demand this summer.
Sri Lanka to sign debt restructuring deal with creditor nations today
Sri Lanka will sign a debt restructuring agreement with a group of creditor nations on Wednesday, the government said in a major step to help stabilise the country’s finances following its economic crisis.
China's retail outlook dims after mid-year shopping festival flop
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world's second-largest economy
Analysis / Boeing is just too big to jail
Prosecutors are recommending that the Department of Justice bring criminal charges against the $104 billion aviation company, according to sources cited by Reuters, for breaching the terms of its deferred prosecution agreement
Bangladesh’s external debt dips
It hit $99.30 billion in March, down from $100.64 billion in December last year
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring.
Nothing mentioned in budget to stop gold smuggling: Bajus
The baggage rule should be amended to stop gold smuggling, the association said in budget reaction
Five reasons financial disasters are hard to avoid
If we understand the causes of financial crises and how to prevent them, why do they keep happening?
BYD says to build second EU factory despite EV slowdown
Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP
Banks say growing reliance on Big Tech for AI carries new risks
The boom in artificial intelligence will increase banks' dependence on big US tech firms, creating new risks for the industry, European banking executives said
ECB still has 'long way to go' to tame inflation: Lagarde
The European Central Bank (ECB) still has "a long way to go" to tame inflation, its president Christine Lagarde said Friday, a day after the body announced its first interest rate cut since 2019.
Bangladesh got elected as member of governing body of ILO for 2024-2027
The election took place at the 112th session of the International Labour Conference held in Geneva
RMG export to USA falls 14% in Jan-Apr
Shipment to the American market has been falling for high inflationary pressure
Forex reserves decline by $51 million in a week
The reserves hit $18.67 billion on June 5, down from $18.72 billion on May 29
