EU cuts eurozone 2023 growth forecast

The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany’s poor performance.
11 September 2023, 18:00 PM

Govt to sign deal with Airbus for satellite

Bangladesh will sign a letter of intent with France to buy its second earth observation satellite, which will be engaged in non-military uses such as environmental monitoring, meteorology and cartography.
11 September 2023, 00:00 AM

UK, Singapore partner to boost economic growth

The British government has signed a partnership with Singapore to grow its economy and enhance shared security, Downing Street said on Friday, adding it was the UK’s first treaty since leaving the European Union.
10 September 2023, 18:00 PM

German industrial output dips again

German industrial production fell for a third straight month in July, official data showed Thursday, adding to fears of a prolonged downturn in Europe’s largest economy.
7 September 2023, 18:00 PM

Eurozone inflation stagnates

Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn.
7 September 2023, 18:00 PM

German factory orders plummet

German factory orders fell more than expected in July, official data showed Wednesday, in the latest setback for Europe’s largest economy as it grapples with an industrial slowdown.
6 September 2023, 18:00 PM

Russia to step up support for sagging rouble

Russia’s central bank announced Wednesday it plans to sharply step up support for the rouble, which has weakened considerably after 18 months of Western sanctions following Moscow’s military intervention in Ukraine.
6 September 2023, 18:00 PM

Oil price drops

Oil prices dipped on Tuesday as fresh data added to gloom over the state of China’s post-pandemic recovery, although expectations of an extension in supply cuts by leading Opec+ producers limited losses.
5 September 2023, 18:00 PM

Russia upends global grain trade

Russia has cemented its position as the world’s top grain exporter with the help of a bumper harvest and cut-rate prices while its war in Ukraine has upended the market.
5 September 2023, 18:00 PM

German exports remain volatile

German exports fell again in July after a slight rebound in June, official data showed on Monday, as Europe’s biggest economy battles an industrial slowdown.
4 September 2023, 18:00 PM

Tesla, Chinese EV brands jostle for limelight at German fair

One of the world’s biggest auto shows opened in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up.
4 September 2023, 18:00 PM

Western companies weigh pros and cons

Should they stay or should they go now? Eighteen months after the start of the war in Ukraine, many Western companies in Russia are still assessing the pros and cons.
4 September 2023, 18:00 PM

Canada posts surprise GDP decline

Canada’s economy saw an unexpected 0.2 percent annualized decline in the second quarter, government data showed Friday, as housing investment and consumption slowed.
3 September 2023, 18:00 PM

UK says inflation on track to come down

British finance minister Jeremy Hunt said on Saturday inflation was on track to halve by the end of 2023, vowing to focus on the goal as he laid out his priorities ahead of the reopening of parliament after the summer break.
3 September 2023, 18:00 PM

Oil steadies

Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further US interest rate hikes that could dampen demand.
28 August 2023, 18:00 PM

Russia may raise fish, seafood exports to China

Russia hopes to increase its marine product exports to China in the wake of China’s ban on Japanese seafood imports after the release of treated radioactive water from the wrecked Fukushima nuclear power plant into the sea.
26 August 2023, 18:00 PM

UK energy bills to fall again

The price cap on energy bills for most British households is to fall again, regulator Ofgem announced on Friday, offering mild relief amid the ongoing cost-of-living crisis.
26 August 2023, 18:00 PM

German business morale declines

German business sentiment fell for the fourth month in a row in August, a key survey showed Friday, deepening the sense of gloom in Europe’s biggest economy.
26 August 2023, 18:00 PM

Investors see long wait for economic boon

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc’s members is far from certain.
26 August 2023, 18:00 PM

Oil price steadies

Oil prices steadied after earlier declines on Thursday caused by disappointing economic data from key economies, with investors awaiting a speech by US Federal Reserve Chair Jerome Powell on Friday for clues on interest rate moves.
24 August 2023, 18:00 PM