Global Economy

Global Economy

'No money': gloom on Beijing streets as economic growth slows

Government data on Friday showed the economy grew by five percent in 2024, hitting a much-touted government target but its lowest since 1990 with the exception of the Covid-19 pandemic years.

8m ago

IMF raises global growth outlook and flags rising economic divergence

In an update to its flagship World Economic Outlook report, the International Monetary Fund said it expects global growth to hit 3.3 percent this year, up 0.1 percentage point from its previous forecast in October, and to remain at 3.3 percent in 2026.

5h ago

Canada vows 'Trump tax' on US in response to tariffs: minister

"This would be the biggest trade war between Canada and the US in decades," Foreign Minister Melanie Joly said

5h ago

US Treasury to take 'extraordinary measures' to avoid debt default

With the government reaching its borrowing limit, the department would start making the moves on Tuesday, the day after the inauguration, Yellen said in a letter to congressional leaders.

5h ago

WB plans $20b payout for Pakistan over coming decade

The World Bank plans to loan cash-strapped Pakistan $20 billion over the coming decade to nurture its private sector and bolster resilience to climate change, Prime Minister Shehbaz Sharif said.

1d ago

Inflation biggest concern for Bangladesh in 2025: WEF

The World Economic Forum (WEF) releases Global Risks Report 2025

1d ago

DCCI wants lower interest rates for private-sector credit growth

The leading chamber also demanded a loan classification deadline extension by 3 to 6 months

1d ago

Food processors protest tax hike

They also urge govt not to raise gas prices

1d ago

Taiwan's TSMC says net profit rose 57% in fourth quarter

Net profit for the three months to December jumped 57 percent on-year to NT$374.7 billion (US$11.4 billion).

2d ago

US consumer inflation rises in December but underlying pressures ease

The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in November, the Labor Department said in a statement on Wednesday.

2d ago

'Everything on the table' to respond to Trump tariffs: Trudeau

"If the US administration chooses to still implement tariffs, we will respond purposefully, forcefully, resolutely," he said.

2d ago

Hasina, family members included in list for money laundering probe: BFIU

11 separate teams will be formed to investigate people, companies of 11 groups

2d ago

Boeing 2024 plane deliveries tumble on labor, safety woes

The annual figure was well below 2023 deliveries and less than half the 766 aircraft European rival Airbus brought to customers last year.

3d ago

Beijing 'firmly opposes' US ban on smart cars with Chinese tech

"Such actions disrupt economic and commercial cooperation between enterprises... and represent typical protectionism and economic coercion," foreign ministry spokesman Guo Jiakun said

3d ago

Renewed US trade war threatens China's 'lifeline'

Exports have historically represented a key engine in the world's number two economy, where authorities will release 2024 growth data on Friday that is expected to be among the lowest in decades.

3d ago

US securities regulator sues Musk over purchase of Twitter shares

Musk's role at the social network has been marked by numerous controversies and led to various legal actions on the part of investors, former employees and companies that had contracts with Twitter, now called X.

3d ago

Trump’s return threatens resurgence of trade wars

Donald Trump’s second presidential term promises a return to tariffs as he pressures partners and rivals to tackle everything from migration to drug trafficking, while protecting US industries -- in moves that could trigger new trade wars.

3d ago

Bangladesh-Pakistan trade yet to reach expected level

DCCI president says at meeting with the Federation of Pakistan Chambers of Commerce and Industry

3d ago