Global Economy
India to remain fastest-growing economy in Asia-Pacific: Moody’s
Credit rating agency Moody’s said India is expected to remain the fastest-growing economy in the Asia-Pacific region in the second half of the year 2024.
Private ICDs overwhelmed with export containers
Until June 15, some 15,553 TEUs of export containers were lying at the 21 ICDs, much higher from 8,000 on any regular day
Forex reserves to get $2b boost
Bangladesh’s foreign currency reserves are set to receive as high as $2 billion this month, which may send the total to nearly $21 billion, handing a much-needed relief to the US dollar supply.
Why are Chinese electric cars in EU crosshairs?
The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.
IMF releases Sri Lanka loan despite restructure delays
The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday.
Germany warns of trade war over EU’s China EV tariffs
The EU’s threat to hit Chinese electric cars with additional tariffs following an anti-subsidy probe risks a “trade war”, Germany said Wednesday, as the country’s auto giants warned the move would backfire.
Oil and gas industry hops on generative AI bandwagon
Away from the Microsoft and Googles of the world, a century-old industry -- oil and gas -- is hoping that generative artificial intelligence will make producing petroleum more efficient and easier on its workforce.
EU to impose tariffs of up to 38% on Chinese EVs
The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1 percent on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China.
FBCCI suggests creating direct shipping route with Sydney
At a seminar in Australia, the apex trade body also sought Australian investment in Bangladesh
Samsung workers' union announces first-ever strike
Union members would use annual leave to strike for one day on June 7
China gears up to make a deal with Europe as EV tariffs loom
The European Commission's expected move to hike tariffs on Chinese electric vehicles is set to kick off a round of talks that Chinese executives hope will soften the blow for the world's biggest EV industry
Samsung Electronics union announces first-ever strike
A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains
US consumer confidence recovers; inflation worries persist
US consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about inflation persisted and many households expected higher interest rates over the next year
IMF lifts China growth forecast but warns on industrial policy
The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade
Amazon wants to get central bonded warehouse facility in Bangladesh
A delegation of the US-Bangladesh Business Council meets State Minister for Commerce Ahasanul Islam Titu
DCCI seeks more Russian investments in power and energy
A 14-member Russian trade delegation meets Dhaka Chamber president
Bangladesh okays Tk 8,483 crore WB project for Rohingyas
The WB-funded cluster project will also serve the host communities
Sri Lanka holds rates to manage inflation, foster economic stability
Sri Lanka's central bank held interest rates steady on Tuesday to ensure inflation pressures remain in check
