Global Economy
Russia sets price floor for wheat at int’l tenders
Russia’s agriculture ministry asked exporters at a closed-door meeting on Friday not to sell wheat by tender to international buyers below a minimum price, two sources with direct knowledge of the matter told Reuters.
India’s 100 richest tycoons surpass $1tn milestone
The collective wealth of India’s 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country’s richest tycoons are now wealthier than they were a year ago, a Forbes report showed on Thursday.
China tees up fresh spending to boost ailing economy
China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support packages in years.
IMF approves changes to cut borrowing costs by 36%
The IMF approved reforms on Friday that will lower members’ borrowing costs by 36 percent and lift eight indebted countries out of the requirement to pay more to borrow money.
Russian inflation slows in Sept but still elevated
Inflation ticked lower in Russia in September but was still more than double the central bank’s target, as huge spending on the Ukraine conflict kept upward pressure on prices, official data showed Friday.
EU chief says China must ‘adapt its behaviour’ to solve trade row
China must “adapt its behaviour” to solve an escalating tariff row with Europe, EU chief Charles Michel told AFP Friday, warning of the dangers of the dispute escalating into a full-blown trade war.
US consumer inflation eases to 2.4% in September
US consumer inflation cooled last month -- though slightly less than expected -- according to government data published Thursday, providing further evidence that price pressures are easing ahead of November’s presidential election.
Boeing to cut 10% of workforce as it sees big Q3 loss
Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region.
External challenges linger for Bangladesh after Awami League re-election: Fitch
Bangladesh's external challenges remain pressing, the American credit rating agency said.
World added 50% more renewable energy but more needed: IEA
According to IEA, renewable energy capacity worldwide increased by 50% year-on-year, but challenges remain
Central banks should be fighting the climate crisis – here’s why
Central banks are public institutions, charged with maintaining economic stability through controlling the supply of money in an economy.
Investors are moving on from the recession that 'never was'
Even though inflation has been a constant stay, world economic resilience has made things interesting for investors
17 local firms join world's biggest textile fair Heimtextil
The four-day exhibition began on Jan 9 in Germany
The US invented shopping malls, but China is writing their next chapter
Malls became a motif of modernity during the country's economic expansion. They offered consumers year-round protection from heat, humidity, cold and frost, as well as from busy streets and polluting traffic. Malls were safe environments where the steadily increasing numbers of more affluent Chinese families could shop and eat, stroll and meet.
Bangladesh’s economic growth to slow to 5.6% in FY24: World Bank
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
Red Sea attacks: retailers rush to avoid delays to spring collections
Retailers worldwide are racing against the clock to stock up on goods to avoid inventory shortage
World Bank forecasts 2024 global growth to slow for third consecutive year
According to the World Bank 2024 forecast, global growth is on course for a slow growth, third year in a row
Oil tankers continue Red Sea movements despite Houthi attacks
Despite attacks by Houthi militants, tanker traffic in the Red Sea was stable in December, according to a Reuters Analysis