Trump says could impose 25% tariffs on Canada, Mexico on Feb 1

Trump rekindled his threat against the two major US trading partners hours after taking the oath of office -- accusing them of failing to stop illegal immigration and drug trafficking into the United States
21 January 2025, 06:37 AM

Bitcoin hits record above $109,000 awaiting Trump

Bitcoin surged to reach an all-time peak of $109,241 ahead of Trump's inauguration ceremony.
20 January 2025, 07:45 AM

Top Beijing official urges Musk to deepen ties with China: state media

Han -- who is set to attend the inauguration of US President-elect Donald Trump later on Monday -- met with Musk and other American business representatives on Sunday, Xinhua said.
20 January 2025, 05:35 AM

Trump and associates' share of new cryptocurrency soars to more than $38 bn

Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend on Saturday, in a post on his Truth Social platform and X.
20 January 2025, 05:31 AM

Businesses in Malaysia brace for impact with minimum wage hike on Feb 1

Particularly affected are food court operators, coffee shop owners and vegetable farmers as they typically employ more foreign workers compared with other industries
19 January 2025, 07:51 AM

US to see rising debt, deficit in next decade: budget office

Trump has vowed to take quick action to hike tariffs on imports -- cast as a potential way to boost revenues -- while his Treasury secretary pick took aim this week at federal spending
19 January 2025, 05:33 AM

Plot allocation in Patuakhali EPZ will begin in early 2026

Secretary to the Chief Adviser’s Office says after visiting the EPZ
18 January 2025, 11:54 AM

'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.
18 January 2025, 10:09 AM

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.
18 January 2025, 05:17 AM

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
18 January 2025, 05:11 AM

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.
18 January 2025, 05:05 AM

Global unemployment set to hold near historical low of 5 percent: ILO

Global unemployment remained steady last year at an historical low of 5 percent, where it is set to stay in 2025, the International Labour Organization said in a report on Thursday.
16 January 2025, 15:01 PM

Rules relaxed to import 3 lakh tonnes of rice

50,000 tonnes of white rice will also be purchased from Pakistan
16 January 2025, 14:56 PM

Inflation biggest concern for Bangladesh in 2025: WEF

The World Economic Forum (WEF) releases Global Risks Report 2025
16 January 2025, 13:13 PM

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
16 January 2025, 12:27 PM

Food processors protest tax hike

They also urge govt not to raise gas prices
16 January 2025, 11:54 AM

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).
16 January 2025, 06:41 AM

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.
16 January 2025, 05:21 AM

'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.
16 January 2025, 05:14 AM

Trump’s policies won’t push up inflation

Donald Trump’s policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect’s longtime economic advisers told AFP Tuesday, less than a week before Trump returns to the White House.
15 January 2025, 18:00 PM