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.
Reliance, Disney announce giant India media merger
India's Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the world's most populous nation
India seeks reforms on agriculture, disputes system at WTO meeting
India hopes to reach a deal on a key element of agricultural reform as well as the restoration of the World Trade Organization's arbitration powers at a high-level meeting in Abu Dhabi this week, its trade minister said on Wednesday
Toyota's global output rises by 7% in January
Output for January increased to 740,332 vehicles, while worldwide sales rose about 11 percent
Russia bans fuel exports for 6 months from March 1
Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world's second-largest oil exporter
Grameen America grants $4 billion loans for women entrepreneurs in 27 US cities
It will be on course to invest $5 billion within 2030
Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo
Daraz Group has announced layoffs across the group to "adopt a more streamlined and agile structure", acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters
Google steps up Microsoft criticism, warns of rival's monopoly in cloud
Microsoft and Amazon have recently attracted scrutiny in Britain, the EU and the US over their market power in cloud computing
Smartphone makers bet on AI to revive sales
Smartphone makers are packing their latest devices with flashy new artificial intelligence tools to reignite consumer demand
Biden or Trump, hawkish economic approach on China to intensify
Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher
US businesses urged to invest more in Bangladesh
World Bank Alternate Executive Director Ahmad Kaykaus says at a seminar in Texas