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.
Bangladesh Bank hikes repo rate by 50 basis points
The new rate 7.75 percent will be effective from tomorrow
India's Tata Technologies' IPO garners bids worth over $18 billion
The bids were roughly 69.43 times the issue on offer, according to stock exchange data
Tesla to invest up to $2 billion for Indian factory
The Elon Musk-led electric vehicle maker is willing to invest up to $500 million if the government approves the reduced duty for 12,000 vehicles and up to $2 billion if the concession is for 30,000 vehicles.
Dollar still costlier despite move to appreciate taka
Most banks collected remittances at Tk 122-123 a dollar today and sold at Tk 116-118 to the importers
Oil edges lower in choppy trade as OPEC+ delays meeting
Oil prices fell nearly 1 percent on Wednesday as OPEC+ producers unexpectedly delayed a meeting on production cuts.
Chinese investment sought in high value-added garments: BGMEA
BGMEA president is now visiting garment factories in China
Market has unofficial inter-bank exchange rates now: PRI
The Policy Research Institute of Bangladesh says in a press briefing
Square Pharma to open subsidiary in Philippines
It will invest $1 million in Samson Pharma Inc, Philippines
Bangladesh ranks 46, drops 5 notches
Pakistan and Sri Lanka did better than Bangladesh in the index
Oil extends gains as OPEC+ to mull deeper cuts
Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict.