Global Economy

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.

1d ago

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.

1d ago

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

1d ago

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

1d ago

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"

1d ago

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

1d ago

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

1d ago

The US economy is solid: Why are voters gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.

2d ago

Exports rise 12% in Feb

Bangladesh shipped $5.18 billion worth of merchandise in February

7m ago

India's Adani Green Energy gives initial guidance for 18-year dollar bonds, bankers say

This will be the Adani group's first dollar-denominated bond issue after a report by US short-seller Hindenburg Research in January 2023 led to a sell-off in stocks and overseas-listed bonds of Adani group companies

7m ago

China's BYD prices new version of best-selling EV lower than predecessor

BYD sold 412,202 Yuan Plus EVs in 2023, with 100,020 of them exported

7m ago

Shakib launches sports product brand SAH75

The champion cricketer teams up with Step Footwear

7m ago

Remittance hits eight-month high

In February, migrants sent home $2.16 billion, up 39% year-on-year

7m ago

Google's removal of apps from Play Store in India 'cannot be permitted' - minister

Google removed  many Indian apps, including Matrimony.com's popular Bharat Matrimony and job search app Naukri

7m ago

What was agreed at WTO negotiations in Abu Dhabi?

World Trade Organization (WTO) negotiators failed to break a deadlock on major reforms in the early hours of Saturday despite talks extending deep into overtime in Abu Dhabi, in what some delegates said was a triumph of national interest over collective responsibility.

7m ago

WTO fails on major reforms, extends digital tariff ban in Abu Dhabi meeting

World Trade Organization (WTO) negotiators failed to break a deadlock on major reforms on Friday despite talks extending deep into overtime in Abu Dhabi, in what some delegates said was a triumph of national interest over collective responsibility.

7m ago

BGMEA for removal of non-tariff barriers to Indo-Bangla trade

BGMEA president meets Bangladeshi high commissioner to India

7m ago

Banks’ offshore operations to receive a boost

Offshore banking units have been relieved from maintaining cash reserve ratio

7m ago