Earnings from exports declined 3.92 per cent year-on-year to $3.19 billion in February because of a fall in apparel shipment as the lingering coronavirus pandemic continues to hurt the country’s key markets.

Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators.

Australia’s economy contracted 1.1 per cent in 2020 as the coronavirus pandemic took hold, but saw a remarkable recovery late in the year as outbreaks were brought under control and restrictions lifted.

Indian sugar mills’ output rose by a fifth to 23.38 million tonnes in the first five months of the 2020/21 marketing year from a year earlier, while a few mills closed operations ahead of normal schedule, a trade body said on Wednesday.

Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials.

India’s dominant services activity grew at its fastest pace in a year last month, driven by an extended robust recovery in domestic demand though input costs rose at the quickest rate in eight years, a private survey showed.

Inditex staff in Spain say they are being forced out as the owner of fast-fashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs.

Finance Minister AHM Mustafa Kamal today said that there will be more benefits than losses if Bangladesh graduates to a developing country from a least developed one.

The government has taken the initiative to import 5.5 lakh tonnes of rice to increase stock.

Internet banking transactions have surged in recent months as people increasingly embraced the digital mode while opting not to visit branches.

Dining out has become a rare exercise amid the ongoing coronavirus pandemic as many people prefer to stay at home in a bid to maintain social distancing and avoid infection.

India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said.

The rise in eurozone consumer prices steadied in February, official data showed on Tuesday, as the slump in energy prices sharply slowed despite the enduring pandemic.

Britain is expected to keep vast emergency financial support propping up the UK’s virus-battered economy when unveiling its annual budget Wednesday, but could also raise tax to fight surging debt. “The key thing is right now to keep supporting the economy... but also level with people,” finance minister Rishi Sunak said Sunday, as Britain from next week begins to exit its third Covid lockdown.

China, which last year overtook the United States as the world’s top filer of international patents, a key measure of technical innovation, increased its lead significantly in 2020, the UN said Tuesday.

Sri Lanka will offer a strategically located deep-sea port to India and Japan, an official said Tuesday, as the island seeks to balance traditional ties against China’s rising regional influence.

Most small and medium enterprises (SMEs) have encountered poor access to finance globally. Adequate access to finance is crucial for the survival and growth of SMEs.

The government has slashed the development budget for the current fiscal year by 3.26 per cent, keeping the local portion of the fund almost unchanged while trimming the foreign part.

Bangladesh’s leading food processor Pran has bagged $3.5 million worth of export orders from buyers in 76 countries at the Gulfood fair, one of the largest food fairs in the world.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday dissolved the board of Emerald Oil and formed a new one in a bid to improve its performance.