Why women risk losing out in shift to green jobs

Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
16 October 2024, 09:17 AM

'Age of Electricity' coming as fossil fuels set to peak: IEA

Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook
16 October 2024, 08:49 AM

UK inflation hits three-year low, fuelling rate-cut hopes

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement
16 October 2024, 07:31 AM

China set to post slowest quarterly growth this year: analysts

Officials have in recent weeks unveiled a string of measures to reignite the world's number-two economy and bring an end to years of depressed business activity with an eye to achieving five percent annual growth
16 October 2024, 06:17 AM

World Bank unlocks another $30 bn by tweaking balance sheet

Key among the reforms was the announcement that the IBRD's minimum equity-to-loans ratio will fall to 18 percent from 19 percent, which will generate $30 billion in additional financing
16 October 2024, 05:25 AM

Trump says 'obnoxious' tariffs will bring factories to US

"You make it so high, so horrible, so obnoxious" companies will "come right away," Trump said.
16 October 2024, 05:22 AM

Global public debt may exceed $100tn this year: IMF

Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even “worse than expected.”
15 October 2024, 18:00 PM

EV sales up 30.5% in int’l market

Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 percent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.
15 October 2024, 18:00 PM

Nobel prize brings global inequality back in focus

The Nobel committee has put the spotlight back on global inequalities. Bestowing its prestigious economics prize on Daron Acemoglu, Simon Johnson and James A Robinson,  is a reminder that income disparities among and within nations are just as important as climate change, the AI “revolution” and ageing societies.
15 October 2024, 18:00 PM

Excelerate Energy to invest more in Bangladesh’s energy sector

A delegation of the US-based LNG company calls on chief adviser
15 October 2024, 12:34 PM

Southeast Asia emerges as global data centre hot spot as AI usage rises

With AI-supported innovations such as searches on ChatGPT now requiring at least four to five times more processing capacity compared with traditional internet searches, data centre demand is expected to grow at around 20 per cent a year for the next five to seven years, analysts at Maybank noted in an October report
15 October 2024, 07:33 AM

A key to Citi's regulatory woes: staff need skills 'enhancement'

Citi’s analysis, a portion of which was seen by Reuters and has not been previously reported, shows the bank has been grappling with a shortage of skilled personnel, finding at times that it did not have the right training and assessment tools to fix its regulatory challenges.
15 October 2024, 06:25 AM

US Fed 'should proceed with more caution' on rate cuts: official

The US central bank kicked off its rate-cutting cycle last month with a large cut of half a percentage-point, noting the progress made in bringing inflation down toward its long-run target of two percent
15 October 2024, 04:53 AM

Oil prices drop on easing fears over Middle East, most markets rise

Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector
15 October 2024, 04:44 AM

IMF says global public debt to top $100 trillion, growth may accelerate

Released a week before the IMF and World Bank hold annual meetings in Washington, the Fiscal Monitor said there are good reasons to believe future debt levels could be well higher than currently projected, including a desire to spend more in the US, the world's largest economy.
15 October 2024, 04:02 AM

Chinese export growth slows sharply

China’s export growth slowed sharply in September while imports remained sluggish, data showed Monday, as authorities wait for recent stimulus measures to perk up weak domestic demand.
14 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

UK assets of ex-land minister under NBR scanner

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) is looking into allegations of tax evasion and illegal transfer of money abroad, including to the United Kingdom, by former land minister Saifuzzaman Chowdhury.
14 October 2024, 18:00 PM

Garment export to US falls 9.16% in Jan-Aug

Data released from the Office of Textiles and Apparel (OTEXA) showed the fall
14 October 2024, 15:23 PM

With inflation down, ECB eyes faster tempo of rate cuts

While the rate is expected to tick up again towards the end of the year, the sense that consumer prices are back under control has grown
14 October 2024, 06:27 AM