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
Default loans hit historic high of Tk 1,82,295 crore
Bad loans rose by Tk 36,367 crore in just three months
Nvidia overtakes Apple to become second most valuable company
Microsoft, based in Redmond, Washington, remained the world's most valuable company at $3.15 trillion as its shares climbed 1.9%
Low gas pressure cuts textile production by 65%
Factories in industrial belts need 15 PSI (pounds per square inch) of gas pressure, but are getting a maximum of 3 PSI
McDonald's loses chicken 'Big Mac' trademark battle
Luxembourg-based General Court ruled that McDonald's could not claim protection for the chicken version of its iconic burger, though the original beef one remains trademarked
No end in sight: low-income families reel from stubborn inflation
The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket
Intel unveils new chip tech in AI battle with Nvidia, AMD
US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, AMD and Qualcomm, unveiling technologies it said would lead the artificial intelligence revolution
Adani suspected of fraud by selling low-grade coal as high-value fuel to Indian state firm
Reports Financial Times
Maersk lifts 2024 guidance by $3 bn amid shipping woes
Danish shipping giant Maersk on Monday said it expected its profits in 2024 to be $3 billion higher than previous projections as freight rates have increased amid the crisis in the Red Sea
IATA urges Pakistan, Bangladesh to release blocked airline funds
The International Air Transport Association on Tuesday urged Pakistan and Bangladesh to remove barriers to airlines repatriating ticket revenues after Nigeria released the vast majority of blocked funds
Jewellers seek changes to baggage rule
Bangladesh Jeweller's Association (Bajus) wants to put a stop to travellers bringing in gold bars
