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.
China 2023 economic growth tipped to be weakest in decades
Sluggish consumption paired with global uncertainties are among reasons Chinese economy grew at the weakest rate in decades
State telecom firms should become profitable by June: Palak
Otherwise, officials of the entities will no longer be there, the state minister says
Govt hikes interest rates for dollar bonds
The interest rates were raised by 2 percentage points
Foreign-funded projects planning minister’s top priority
Abdus Salam says after joining office as planning minister
When can we stop worrying about rising prices?
There are two key measures to understand how prices change over time: overall, or “headline,” inflation and “core” inflation.
India has no plans to import wheat for now, trade minister says
India sees no need for wheat imports as farmers are on course for a harvest bumper
Explosive import through Payra port gets nod
The government amends the Explosive Regulations 2004
Textile, RMG machinery expo begins in Dhaka Feb 1
Over 1,000 machinery makers of 32 countries are expected to join the 18th Dhaka International Textile and Garments Machinery Exhibition
India's retail inflation rises to four-month high in December on higher food prices
Increasing food price has raised India's annual inflation, raising central bank expectations of no rate cuts
Container rates soar on concerns of prolonged Red Sea disruption, inflation
Container prices are soaring on the back of US and UK air strikes on Yemen