Global Economy
Russia sets price floor for wheat at international tenders, sources say
Russia's Grain Exporters Union said in a statement after the meeting the ministry also told exporters to engage in direct deals with buyers without third parties, as well as not to provide Russian grain to foreign firms that won international tenders below the new price floor
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
Suspicious transactions in banks
The number of suspicious transactions rose 65% year-on-year to 14,106 in FY23
Bezos, Nvidia join OpenAI in funding humanoid robot startup
Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million
Sri Lanka repays $20m Iranian oil debt with tea
"So far $20 million worth of tea has been exported to Iran under the barter trade agreement," Sri Lankan Prime Minister Dinesh Gunawardena's office said
Summit Power suffers 46% drop in profit
Its profit hit Tk 221 crore in FY23, down from Tk 413 crore previous year
Extend tax return filing deadline for companies: FBCCI
It wants the deadline to be extended until April 30
Single month RMG export hits historic high
It hit $4.97 billion in January, posting a 12.45% year-on-year rise
India to allow onion export to Bangladesh on limited scale
Five other countries will also be allowed
Walmart to source more from Bangladesh
Walmart's Executive Vice-President Andrea Albright says in meeting with Salman F Rahman
Engage public, private sectors for ease of doing business: MCCI
The leading chamber holds its first quarterly luncheon meeting