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.
Australia to triple fees on foreign purchasers of existing homes
The centre-left Labor government would also cut application fees for foreign investment in "build to rent" projects to encourage construction of more homes, Chalmers said.
Single point mooring transports 60,000 tonnes diesel in 35 hours
Earlier, it would take 10 days
Microsoft, OpenAI tie-up comes under antitrust scrutiny
Microsoft's (MSFT.O) partnership with ChatGPT maker OpenAI is under US and UK antitrust scrutiny, the British regulator and a media report said on Friday, following the startup's boardroom battle that led to the sudden ouster and return of CEO Sam Altman.
Livestock produces 12% of human greenhouse gases: FAO
Livestock is responsible for 12 percent of greenhouse gas emissions caused by humans and its impact will only increase as meat consumption rises, the UN Food and Agriculture Organization said Friday.
India extends export curbs on onions until Mar 31
India has extended the ban on the exports of onion till March next year with a view to increasing availability in domestic markets and to keep prices in check, according to a notification issued by the Directorate General of Foreign Trade yesterday.
Oil rebounds from six-month-low but demand concerns linger
Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous session but investors remained concerned about sluggish demand and economic slowdowns in the US and China.
China says exports rise for first time in seven months
Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic.
COP28 head presses nations to reach climate 'compromise'
It is rare for UN climate talks to end as scheduled but COP28 president Sultan Al Jaber set the ambitious goal of having a deal in place by 11:00 am (0700 GMT) on Tuesday, the last official day of the conference.
Airlines expect record 4.7 bn passengers in 2024: IATA
IATA also raised its profit outlook, expecting airlines to post $23.3 billion in net earnings in 2023, more than double the $9.8 billion it forecast in June.
COP28 summit: Global dairy companies join alliance to cut methane
Six of the world's largest dairy companies will soon begin disclosing their methane emissions as part of a new global alliance launched at the United Nations climate summit in Dubai on Tuesday.