Global Economy
Climate action not a burden, but an opportunity for businesses: energy adviser
Bangladesh Apparel Exchange organised the second edition of Bangladesh Climate Action Forum 2024 today
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's small shopping centres turning into ghost malls
India's small malls are increasingly turning into ghost malls as consumers move towards online purchases and bigger shopping centres for a better experience.
Sri Lanka approves power deal with Adani Group
Sri Lanka is entering into a 20-year agreement with Adani Group to buy electricity from a $442-million wind power plant being built
Toyota to get an earnings lift from hybrids as EV hype cools
While strong in hybrids, Toyota remains a laggard when it comes to EVs, behind rivals such as Tesla
IMF Projects Japan’s GDP to fall to world’s 5th after India in 2025
Japan’s nominal GDP will be overtaken by India’s and slip from number 4 in the world to number 5 next year, according to projections by IMF
Europe's auto suppliers reach the end of the road
Facing the double shock of the end of combustion engines and rising competition from China, European suppliers like Bosch, ZF and Webasto have all announced cuts, casting a shadow on the forthcoming EU elections
Foxconn reiterates Q2 revenue to grow, posts record April sales
Taiwan's Foxconn, the world's largest contract electronics maker. reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April
China's smartphone shipments reach 69.3 million units in Q1
China's smartphone shipments grew by 6.5 percent year on year to 69.3 million units in the first quarter of 2024, data from a recent industry report showed
Apple has big AI ambitions - at a lower cost than its rivals
While Microsoft, Facebook and everyone else is investing heavily towards AI, Apple is taking a more cautious approach
US support sought to build Smart Bangladesh
ERD secretary sits with US delegation on the sidelines of the ADB annual meeting