Global Economy
Chinese electric car companies cope with European tariffs
MG, an historic British company that is now a subsidiary of Shanghai SAIC, now faces EU duties of 35.3 percent
Oil prices rise on US storm, fears of Israel-Iran conflict
US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"
German govt sees economy shrinking again in 2024
Output is expected to shrink by 0.2 percent in 2024, the economy ministry said in a statement
China opens $71 bn 'swap facility' to boost markets
The news lit a fire under mainland and Hong Kong equities on renewed hopes that officials would finally get a grip on the issues that have dogged the economy for years
The US economy is solid: Why are voters gloomy?
Cooling inflation, low unemployment, robust economic growth and... downbeat voters.
Analysis / Neither precedent nor Trump can save Big Tech
After losing a jury trial against game store Epic Games in December, a judge has now ruled that Google must open a key piece of its Android smartphone operating system
China to outline fiscal policy as traders await action
The news comes after traders on the mainland and in Hong Kong were left disappointed by a news conference Tuesday in which officials failed to unveil any new stimulus and provided scant detail on its plans for implementing the raft measures already flagged
India central bank leaves interest rates unchanged
Central bank governor Shaktikanta Das said the bank would remain "unambiguously focused" on aligning inflation with its target while still supporting growth.
Uber to buy Foodpanda Taiwan
The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.
US to raise tariffs on $18 billion of China imports including chips
The United States is hiking tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday
Sony net profit dips on-year but beats estimate
On Tuesday, Sony logged a net profit of $6.2 billion for 2023-24
IMF endorses Japan's commitment to flexible yen
IMF said Japan's commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability
'Significant' China response to US tariffs possible: Yellen
Beijing could possibly issue a "significant" response to US tariffs on Chinese goods, Treasury Secretary Janet Yellen said Monday when asked about the prospect of fresh levies
China overtakes US to become India’s top trading partner
China has regained its position as India’s largest trading partner overtaking the US after two years, according to Indian media reports
BD-Turkey can be trade gateways between Europe, South & SE Asia
Turkish business leaders discussed bilateral trade potential with FBCCI president
Reserves fall below $19 billion, first time in 11 months
$1.63 billion of ACU payment was settled today
Deal for country’s second satellite in three months
The satellite, Bangabandhu-2, will be launched in 3 years
Renata ships first drug registered in Australia
The contraceptive pill named Levonorgestrel 1.5 mg is known by its brand name of Novella-1