Global Economy
Ratan Tata: Indian mogul who built a global powerhouse
Industrialist Ratan Tata, who has died aged 86, was credited with transforming India’s Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.
China opens $71b ‘swap facility’ to boost markets
China’s central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country’s flagging 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.
China files WTO complaint over US electric vehicle subsidies
The US Inflation Reduction Act (IRA) "formulates discriminatory subsidy policies for new energy vehicles," said China's Ministry of Commerce
Visa, Mastercard reach $30 billion settlement over credit card fees
Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
SWIFT planning launch of new central bank digital currency platform in 12-24 months
The move is likely to be fine-tuned to when the first major ones are launched
Sri Lanka cuts key interest rates as economy rebounds
The Central Bank of Sri Lanka reduced its benchmark lending rate from 10 percent to 9.5 percent and the deposit rate from 9.0 to 8.5 percent
Boeing in turmoil: Incidents and investigations
Production issues, safety incidents are among the causes plaguing Boeing
IMF chief urges China to boost growth with 'pro-market reforms'
Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot towards "high-quality" growth
Russia wants skilled manpower from Bangladesh
The Putin administration will take 60 workers initially and more in phases
Banglalink posts decade-high revenue growth
The mobile phone operator’s revenue grows 14.4% year-on-year to Tk 6,150 crore in 2023
Fitch upgrades UK credit rating outlook to 'stable'
Fitch upgraded its credit rating for UK government debt from "negative" to "stable" Friday, citing easing economic policy risks, while reaffirming the country's AA- rating.