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.
World Bank's Banga calls for record replenishment of fund for poorest countries
World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the lender's fund for the world's poorest countries the largest ever, warning that the International Development Association (IDA) was being pushed to its limits by increasing demands..<p
Myanmar central bank to no longer set forex rates
The report gave no reason for Tuesday's decision by the Central Bank of Myanmar (CBM) and no notice of the policy change was posted on the CBM's website. Calls to the CBM went unanswered early on Wednesday.
Southeast Asia banks on aviation boom
Southeast Asia is becoming a hot property, with private and public players competing for an expanding market.
Gold hits record high as equities weaken
Gold is benefiting from the Israel-Hamas war, according to analysts.
Oil prices fall more than 2% as investors skeptical of OPEC+ cuts
Brent crude futures for February settled down $1.98, or 2.45 percent, at $78.88 a barrel.
Oil steady; market eyes OPEC+ meet, weak demand indicators
Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group.
ADB to give Bangladesh $1 billion loan for five projects
The loans will be used for energy efficiency, vaccine production, clean water, computer science education and Dhaka-Northwest road corridor
Chinese firms set for best earnings growth in seven years in 2024
A Reuters analysis of 1,721 Chinese companies with a market value of at least $500 million shows their profits may rise 16 percent next year
Bangladeshi couple in US gets recognition
Faraz Munaim and Sabrin Chowdhury, a Bangladeshi couple residing in the US, have been recognised for their hard work and dedication to the US financial market in their roles with Goldman Sachs and PIMCO respectively.
Chinese car sales boom in Russia levels off
August this year, Chinese brands' share of sales peaked at almost 56 percent