Global Economy
Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ
The company will annually produce 70 million pieces of pullers of zippers
Why women risk losing out in shift to green jobs
Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
'Age of Electricity' coming as fossil fuels set to peak: IEA
Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook
UK inflation hits three-year low, fuelling rate-cut hopes
The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement
China set to post slowest quarterly growth this year: analysts
Officials have in recent weeks unveiled a string of measures to reignite the world's number-two economy and bring an end to years of depressed business activity with an eye to achieving five percent annual growth
World Bank unlocks another $30 bn by tweaking balance sheet
Key among the reforms was the announcement that the IBRD's minimum equity-to-loans ratio will fall to 18 percent from 19 percent, which will generate $30 billion in additional financing
Trump says 'obnoxious' tariffs will bring factories to US
"You make it so high, so horrible, so obnoxious" companies will "come right away," Trump said.
Nobel prize brings global inequality back in focus
The Nobel committee has put the spotlight back on global inequalities. Bestowing its prestigious economics prize on Daron Acemoglu, Simon Johnson and James A Robinson, is a reminder that income disparities among and within nations are just as important as climate change, the AI “revolution” and ageing societies.
A $6 trillion cash hoard could fuel more US stock gains as Fed pivots
Investors wondering whether markets can continue their torrid rally are eyeing one important factor that could boost assets: a nearly $6 trillion pile of cash on the sidelines.
Canada print media to get two-thirds of Google's payment to news outlets
Canada's print media will receive nearly two-thirds of an annual Can$100 million (US$75 million) payment from Google to the country's news outlets in exchange for distribution of their content, the federal government announced Friday.
Shipping firms suspend Red Sea traffic after Yemen rebel strikes
Two of the world's largest shipping firms, Maersk and Hapag-Lloyd, said Friday they were suspending passage through a Red Sea strait vital for global commerce, after Yemeni rebel attacks in the area..The Iran-backed Huthis, who control much of Yemen but are not recognised internationally,
US opens probe into over 450,000 Nissan vehicles on engine failure concerns
A US auto safety regulator said on Friday it will open an investigation into about 454,840 Nissan vehicles over reports alleging engine failure that can lead to a loss of motive power with no ability to re-start.
Number of US homeless people hit record level in 2023: report
The number of homeless people in the United States rose to record levels this year, according to a government report released on Friday.
China's ban on Apple's iPhone accelerates
More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple (AAPL.O) iPhones and other foreign devices to work, Bloomberg News reported on Friday, citing people familiar with the matter.
Intel chief ready to go it alone on chip manufacturing
Intel Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business
IMF injected cash into Bangladesh, Sri Lanka. Are the two economies diverging?
Bangladesh and Sri Lanka have received loan payouts from IMF, strengthening their buffers against risks to foreign exchange reserves
Bankers cut US dollar rates by Tk 0.25
Banks will buy US dollar at Tk 109.5 from exporters and sell at Tk 110
Oh, Christmas tree: The economics of the US holiday tree industry
Christmas today is a big business, and one part of that is the multibillion-dollar business of selling Christmas trees. The U.S. Christmas tree industry is so large, it even has two dueling trade groups: one that supports natural trees and the other, artificial..We are two business school