IMF chief sees risk of sustained rise in US inflation

The International Monetary Fund on Wednesday said further fiscal support in the United States could fuel inflationary pressures and warned that the risk of a sustained rise in prices could require raising interest rates earlier-than-expected. 
7 July 2021, 18:00 PM

Didi says it stores all user and roads data in China

China's ride hailing giant Didi Global Inc stores all China user and roads data at servers in the country and it is "absolutely not possible" that the company passed data to the United States, a senior company executive said on Saturday.  
3 July 2021, 18:00 PM

Global container crisis hits local exporters

Bangladesh's export is facing unprecedented delays because of the deepening container crisis globally and squeezed capacity in vessels, fuelled by the rebounding demand in the Western economies. 
3 July 2021, 18:00 PM

Major brands didn’t ensure proper payment of RMG workers in Bangladesh, other countries during pandemic: report

A report by Clean Clothes Campaign, garment industry's largest alliance of labour unions and non-governmental organisations, have found evidence of “wage theft” in the supply chains of leading brands.
3 July 2021, 07:34 AM

India’s industrial activity shrinks for first time in 11 months

India's factory activity contracted for the first time in almost a year in June as restrictions to contain the deadly second wave of the coronavirus triggered declines in demand and output that pushed firms to cut more jobs, a private survey showed on Thursday.
1 July 2021, 18:00 PM

Negotiations led by Bangladesh, TRIPS transition period for LDCs extended for 13 years

Transition period of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) for the least developed countries has been extended for a period of thirteen years.
30 June 2021, 09:53 AM

Global dirty money watchdog adds Malta to ‘grey list’, keeps Pakistan

A global dirty money watchdog said on Friday it had added European Union member Malta to its “grey list” of countries under increased monitoring, and kept Pakistan on the list despite progress on tackling terrorism financing.
26 June 2021, 18:00 PM

Scaled-down mobile congress returns to Spain

A smaller version of the world’s biggest mobile fair opens Monday in Spain under tight virus controls, with top firms avoiding an in-person presence after the pandemic derailed last year’s edition.
26 June 2021, 18:00 PM

Data confirms US inflation spike but unlikely to rattle Fed

Prices have indeed spiked in the United States, government data released Friday said, but analysts believe the increase isn’t enough to change minds at the Federal Reserve, which is planning to keep rates low to help the economy recover from the Covid-19 pandemic.
26 June 2021, 18:00 PM

Chinese firm Didi’s $4b IPO books covered on first day of bookbuild

An initial public offer (IPO) by China’s Didi Global Inc in New York to raise up to $4 billion has been fully covered on the first day of its bookbuild, even as some investors fear tougher rules could hit growth, sources with direct knowledge said.
26 June 2021, 18:00 PM

Italy’s consumer confidence up to near three-year high

Consumer confidence in Italy jumped to the highest level in nearly three years in June, while business confidence also rose sharply, official data showed Friday.
26 June 2021, 18:00 PM

Reducing oil use to meet climate targets is tougher than cutting supply

Governments around the world have been slow to take uncomfortable decisions to persuade consumers to cut energy consumption to help achieve climate targets, often because consumers are not ready to pay up or compromise their lifestyles.
26 June 2021, 18:00 PM

Amazon buys encrypted messaging app Wickr

Amazon said Friday it was acquiring the encrypted messaging app Wickr which offers secure communications for businesses, government agencies and individuals.
26 June 2021, 18:00 PM

Tesla recalls vehicles in China for online software update

Chinese regulators said on Saturday Tesla Inc would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles.
26 June 2021, 18:00 PM

Britain could face food shortages due to lorry driver crisis

Britain could face gaps on supermarket shelves this summer and an “unimaginable” collapse of supply chains after the pandemic and Brexit led to a shortage of more than 100,000 truck drivers, industry leaders have warned.
26 June 2021, 18:00 PM

Business group urges Biden to lift Europe travel ban, revive economies

The Biden administration is under pressure from a major business group and diplomats to scrap a travel ban on Europeans, as investment from the continent in the United States plunged by nearly a third last year.
26 June 2021, 18:00 PM

EU strikes deal on huge farm subsidies

European Union negotiators struck a deal on reforms to the bloc’s huge farming subsidy programme on Friday, introducing new measures aimed at protecting small farms and curbing agriculture’s environmental impact.
26 June 2021, 18:00 PM

China must develop unified, open-source smart car operating system

China, the world’s biggest auto market, should develop its own unified, open-source operating system (OS) for smart vehicles, as well as auto chips, to maintain its advantage in the electric vehicle (EV) industry, an ex-industry minister said on Friday.
20 June 2021, 18:00 PM

China’s Saudi oil imports plunge 21pc

China’s imports from Saudi Arabia fell 21 per cent in May from a year earlier but retained their top ranking among suppliers for a ninth month in a row, customs data showed on Sunday.
20 June 2021, 18:00 PM

Porsche to set up joint venture with German battery maker

Volkswagen’s luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday.
20 June 2021, 18:00 PM