China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the US and other rivals.

Gold slipped to a one-week low on Tuesday as investors sought the US dollar after weak data in China, although rising expectations for a pause in interest rate increases by the US Federal Reserve limited losses.

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.

The United Nations Industrial Development Organisation (UNIDO) yesterday launched a project titled “SWITCH to Circular Economy Value Chains (SWITCH2CE)” in Bangladesh to steer the textiles and garments sector toward sustainable circular practices.

The Indian rupee closed weaker on Tuesday as the local unit slipped to the 83 level for the first time in nearly two weeks due to broad weakness in Asian currencies and likely dollar outflows.

HC stays requirement of consent from Bangladesh Ocean Going Ship Owners’ Association (BOGSOA)

Tk 524 crore worth of shares of the bank change hands at Ctg bourse today

The banks are: Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank

The global SWITCH2CE project is co-funded by the European Union and Finland government

Egypt's state grains buyer bought about a half a million tonnes of Russian wheat in a private deal, four traders told Reuters, succeeding in negotiating lower prices than those offered in the more traditional tenders.

In the global entertainment business landscape, the video games industry has not just grown, it has exploded, eclipsing even the combined revenues of the film and music industries.

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.

Nearly half of large companies in Switzerland have already fallen victim to cyberattacks, often with dire consequences, according to a study published Monday.

India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand.

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.

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.

Turkish President Tayyip Erdogan will try to convince Kremlin chief Vladimir Putin to return to a Ukraine grain export deal that helped ease a global food crisis, when the two leaders meet in Russia's Black Sea resort of Sochi on Monday.

Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the US economy.

While a series of measures by India to tighten food, exports has pushed up local prices, the government is making life harder for Nepalis by increasing taxes on food, say analysts.

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.