Global Economy
US manufacturing contraction deepens in June
US manufacturing activity edged lower in June, deepening a recent slump on continued weak demand, according to industry survey data published Monday.
Eurozone inflation eases slightly in June
Eurozone inflation cooled in June, official data showed Tuesday but experts say it will not be enough to convince the European Central Bank to accelerate its rate-cutting cycle despite sluggish economic growth.
Gold slips
Gold prices fell on Tuesday under pressure from elevated US treasury yields and a stronger dollar while investors awaited comments from Federal Reserve Chair Jerome Powell for further clues about the interest rate path.
Economic stability govt’s main focus: state minister for finance
The American Chamber of Commerce in Bangladesh (AmCham) organises monthly luncheon meeting
Asian factories enjoy solid momentum, Europe faces setback
Manufacturing activity in Europe suffered a setback last month but Asian factories enjoyed solid momentum, offering policymakers some hope the region can weather the hit from soft Chinese demand, surveys showed.
The risk of a euro crisis is rising
One way of looking at the euro zone is as a forest where dry tinder is piling up. The locals are not doing much to clear the debris, and some are wandering around with naked flames. But they know it would be foolish to throw lit matches on the forest floor. Besides, there is a fire engine which will probably ride to the rescue.
PM’s visit may open door for FTA with China: Titu
Prime Minister Sheikh Hasina’s four-day China visit begins on July 8
Ctg port posts 5.36% growth in container handling
The port handled 31.69 lakh TEUs of containers in FY24, up from 30.07 lakh TEUs the previous fiscal
RMG export to USA falls 14% in Jan-Apr
Shipment to the American market has been falling for high inflationary pressure
Forex reserves decline by $51 million in a week
The reserves hit $18.67 billion on June 5, down from $18.72 billion on May 29
Default loans hit historic high of Tk 1,82,295 crore
Bad loans rose by Tk 36,367 crore in just three months
Nvidia overtakes Apple to become second most valuable company
Microsoft, based in Redmond, Washington, remained the world's most valuable company at $3.15 trillion as its shares climbed 1.9%
Low gas pressure cuts textile production by 65%
Factories in industrial belts need 15 PSI (pounds per square inch) of gas pressure, but are getting a maximum of 3 PSI
McDonald's loses chicken 'Big Mac' trademark battle
Luxembourg-based General Court ruled that McDonald's could not claim protection for the chicken version of its iconic burger, though the original beef one remains trademarked
No end in sight: low-income families reel from stubborn inflation
The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket
Intel unveils new chip tech in AI battle with Nvidia, AMD
US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, AMD and Qualcomm, unveiling technologies it said would lead the artificial intelligence revolution
Adani suspected of fraud by selling low-grade coal as high-value fuel to Indian state firm
Reports Financial Times
Maersk lifts 2024 guidance by $3 bn amid shipping woes
Danish shipping giant Maersk on Monday said it expected its profits in 2024 to be $3 billion higher than previous projections as freight rates have increased amid the crisis in the Red Sea
