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
Shah Fatehullah Group's spinning factory Bangladesh’s 207th green garment factory
It received LEED Platinum certification from USGBC
Bitcoin breaks $50,000 for first time since 2021
Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand
IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy
The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping through the Red Sea pose threats to the global economy.
EU wants to invest more in Bangladesh
EU Ambassador Charles Whiteley meets Finance Minister Abul Hassan Mahmood Ali
Exports rebound with 11.45% rise in January
However, the amount, $5.72b, is 0.69% lower than the monthly target
Bangladeshi vessels start avoiding Red Sea amid rising tension
Govt guidelines issued for ships using the route
Remittance rises in January, highest in seven months
Migrant workers sent home $2.1 billion in January
India tables interim budget of Rs 47.66 lakh crore
FY25’s interim budget is 6% higher than the previous year