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.
Marico’s sales drop, but profit rises 13%
The company's sales dropped 6% in Oct-Dec period, but profit rose by Tk 12.57 crore
What US economic measures can be expected if Trump is reelected?
From tax cuts to new trade conflict with China, re-electing Trump will have a major economic impact
Garment exports to US double in five years
Overall apparel shipment rose 3.67% to $47.39 billion in 2023
China says economy grew 5.2% in 2023
Official Chinese figures highlighted its economy performed one of it's worst in more than three decades
India to allow edible oil imports at lower duty until March 2025
The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil was set to expire in March 2024
How an election-packed 2024 could swing world markets
Countries making up over 60% of the world's economic output and more than half of its population hold elections this year
'Precarious' year ahead for world economy, Davos survey predicts
According to top economists, geopolitical strife, artificial intelligence and tight financing to subdue global economic growth