US case against Adani strong but extradition unlikely

The US fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.
16 December 2024, 18:00 PM

WB declares record $100b support for poorest countries

The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world’s poorest nations, which it can leverage to generate a record $100 billion in total spending power.
7 December 2024, 18:00 PM

US Fed officials warn of ongoing risks from elevated inflation

The United States continues to face risks from underlying inflation despite recent progress in stabilizing prices, two senior Federal Reserve officials said Friday, with one indicating support for just one interest rate cut over the next two rate decisions.
7 December 2024, 18:00 PM

Trump threatens 100% tariff on BRICS countries over currency plans

President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US dollar.
1 December 2024, 18:00 PM

Inflation-wary US consumers flock to ‘Black Friday’ deals

US shoppers were out in force for “Black Friday,” with preliminary data showing strong online sales despite inflation nerves prompting retailers in the world’s biggest economy to come up with ever more deals.
30 November 2024, 18:00 PM

Petrol industry embraces plastics while navigating energy shift

Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own.
25 November 2024, 18:00 PM

US to call for Google to sell Chrome browser

The US will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report Monday.
19 November 2024, 18:00 PM

Trump win sees dollar, stocks soar

Donald Trump’s surprisingly comprehensive victory in the US Presidential election has electrified the US dollar - possibly to his own chagrin - and the US currency is eyeing its biggest one-day gain in two years.
6 November 2024, 18:00 PM

Trump victory to reverberate through global economy

Donald Trump’s victory in the race to become the next US president will have economic consequences for the rest of the world that are likely to be deep and quite immediate.
6 November 2024, 18:00 PM

What does Trump 2.0 mean for businesses in Bangladesh?

For local business communities, Donald Trump’s victory in the presidential race has been shorthand for the expectation that Western apparel orders and some foreign investments would shift to Bangladesh, with global fashion powerhouse China possibly facing higher import tariffs from the US.
6 November 2024, 18:00 PM

US economic growth solid despite slight slowdown

The US economy saw resilient growth in the third quarter despite a modest slowdown according to government data Wednesday, less than a week before inflation-weary voters head into the presidential election.
31 October 2024, 18:00 PM

AIIB head criticises advanced nations for trade barriers

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Saturday criticized advanced economies for creating trade barriers including for renewable energy goods, saying there was “no longer free trade” in the global economy.
27 October 2024, 18:00 PM

Tariffs, tax cuts, energy: What is in Trump’s economic plan?

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.
14 October 2024, 18:00 PM

US firms brace for more tariffs as election approaches

From holding back investments to considering moving abroad, businesses in the United States are bracing for more economic turbulence as the presidential campaign kicks into high gear -- with fresh tariffs rolled out and promises of more.
13 October 2024, 18:00 PM

IMF approves changes to cut borrowing costs by 36%

The IMF approved reforms on Friday that will lower members’ borrowing costs by 36 percent and lift eight indebted countries out of the requirement to pay more to borrow money.
12 October 2024, 18:00 PM

The US economy is solid: Why are voters gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.
9 October 2024, 18:00 PM

Oil settles up, biggest weekly gains in over a year on Middle East risk

Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as US President Joe Biden discouraged Israel from targeting Iranian oil facilities.
5 October 2024, 18:00 PM

US factory activity shrinks for sixth month

US manufacturing activity contracted for a sixth straight month in September, according to survey data released Tuesday, with demand remaining weak and new export orders slumping.
2 October 2024, 18:00 PM

Fed cuts lending rate for first time in more than 4 years

The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction for more than four years, sharply lowering borrowing costs shortly before November’s presidential election.
19 September 2024, 18:00 PM

US finalises sharp tariff hikes on Chinese EVs, other goods

The United States locked in tariff hikes on billions of dollars worth of Chinese goods Friday, with a 100 percent duty on electric vehicles and 25 percent on EV batteries taking effect in two weeks.
14 September 2024, 18:00 PM