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.
Forex reserves fall below $20 billion after import payments
$1.29 billion import bills cleared last week, which brought down the reserves to $19.99 billion on Wednesday
SM Mannan Kochi nominated as new BGMEA president
Syed Nazrul Islam new first vice-president and Khandoker Rafiqul Islam senior vice-president
Adidas posts first loss in 30 years and warns on US
German sportswear giant Adidas posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the US struggle with high inventories
IMF launches leadership search with Georgieva tipped for 2nd term
Georgieva, 70, has run the IMF since 2019, and indicated last week that she would be "honored" to helm the organization once more
BGMEA wants stronger ties with US firm VF Corporation
VF Corporation's top official meets BGMEA president
First-ever guideline for non-banks’ independent directors
The minimum age of such directors is 45 years and maximum 75 years
China's Xiaomi embarks on Apple's road not taken
The $48 billion handset-maker said it will deliver its first electric car just weeks after the iPhone-maker scrapped a decade-long effort
Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc's hefty pay bump
Toyota agreed monthly pay increases of as much as 28,440 yen ($193) and record bonus payments
US consumer inflation up unexpectedly in February
The consumer price index (CPI) came in at 3.2 percent last month
