Global Economy
Working from home is powering productivity
Working from home (WFH) increased about tenfold following the outbreak of the pandemic and has settled in at about five times its prepandemic level
IMF board approves changes to cut borrowing costs by 36%
The suite of changes agreed to by the International Monetary Fund's executive board include adjustments to the surcharges paid by countries with high levels of debt, like Ukraine and Argentina, the Washington-based institution announced in a statement
Boeing to cut 10% of workforce as it sees big Q3 loss
The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."
China says will issue special bonds to boost ailing economy
The measures, announced at a highly anticipated press conference by Finance Minister Lan Fo'an and other officials, came on top of a series of steps announced over the last weeks
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
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
Biden or Trump, hawkish economic approach on China to intensify
Analysts expect Washington's approach to Beijing will only become tougher, whether Biden or former president Donald Trump wins another White House term
Indians spending less on food, more on discretionary items
Indians are spending less on cereals, including wheat and rice, and pulses, but more on beverages, refreshments and processed food
Disney, Reliance have signed binding media pact
Walt Disney and industrial conglomerate Reliance Industries have signed a binding pact to merge their media operations in India
Tokyo pledges a further $4.9 billion to help TSMC expand Japan production
TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year
Europe's shoppers still shell-shocked
When a $500 Electrolux oven briefly went on sale for 1 percent of its list price in Hungary last week, within hours shoppers flooded the online store with thousands of orders.
Suspicious transactions in banks
The number of suspicious transactions rose 65% year-on-year to 14,106 in FY23