Global Economy
UK economy returns to growth in August after two months of stagnation
Economic output rose by 0.2 percent in monthly terms in August, according to figures from the Office for National Statistics that were in line with expectations in a Reuters poll of economists
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.
India tables interim budget of Rs 47.66 lakh crore
FY25’s interim budget is 6% higher than the previous year
Aftab Automobiles posts consecutive second quarter loss
Its losses per share hit Tk 0.28 in Oct-Dec of 2023
IFAD Autos suffers massive fall in profit
Its earnings per share dropped to Tk 0.02 in Q2 of FY24, from Tk 0.13 in Q2 of FY23
Padma Bank Chairman Chowdhury Nafeez Sarafat resigns
Bangladesh Bank today accepted his resignation letter.
Putin wants to transform Russia’s far east into a tourist hotspot – but history shows it won’t be easy
Russian President, Vladimir Putin, has taken a trip to Russia’s untamed and isolated far east as part of a campaign to promote tourism in the region
Beximco suffers massive 64% sales drop in H1
Its profit decreased by 99.6% year-on-year to Tk 2 crore
Global buyers yet to raise rates as promised after RMG wage hike
A survey conducted by BGMEA election’s opposition group Forum panel finds
Padma Oil’s profit drops 18%, but Meghna posts 8.6% rise in Q2
However, both of the state-owned oil marketer made profits in Jul-Dec period
China keen to import more from Bangladesh: envoy
Chinese Ambassador Wen Yao meets Foreign Minister Hasan Mahmud
US Fed rate cuts become question of when, not if
US Fed is expected to start cutting interest rates in the coming months, as inflation edges closer