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.
India’s biggest wholesale market in Nashik demands withdrawal of onion export ban
The Agricultural Produce Market Committee (APMC) in India’s Lasalgaon made the demand
China’s automakers try turning Japanese
China exported almost $40 billion-worth of pure battery and hybrid cars last year, most of them ended up in Europe
India's Adani Green says aware of US probe into third party, denies relationship
India's Adani Green Energy said on Tuesday it is aware of a US investigation into potential violations of anti-corruption laws by a "third party", but denied any relationship with the entity
Steel sector’s operational cost rises 65% in a year
Dollar crisis, rise in utility bills taking toll, says Bangladesh Steel Manufacturers Association
Forced labour generates $236 billion illegal profits a year: ILO
The illegal profits from forced labour has risen by 37% since 2014
Shop owners lambast ‘meaningless’ price fixing of 29 commodities
They demand cancellation of the prices fixed by the Department of Agricultural Marketing on March 15
Palestinian unemployment rate seen spiking to over 50% amid Gaza conflict, ILO says
If the conflict continues until end-March then the unemployment rate will soar to 57 percent, ILO said.
Bank of Japan scraps negative interest rate
In its first increase in 17 years, the Bank of Japan said it was lifting its short-term policy rate from -0.1 percent to between zero and 0.1 percent.
Pragoti to assemble and sell Kia sedan by this year
It signs deal with representative of Kia Corporation