World Bank to phase out lending to China by 2031
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Battle of billionaires: Musk's Starlink eyes India, Ambani resists
Following a meeting with Indian Prime Minister Narendra Modi in the US on Tuesday, Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages that have no internet or lack high-speed services.
22 June 2023, 14:59 PM
High inflation hinders UK cost-of-living fight
Britain’s annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis.
21 June 2023, 18:00 PM
Oil holds steady
Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell’s congressional testimony later in the day and as data showing British inflation remained sticky raised the possibility of a hawkish Bank of England policy decision this week.
21 June 2023, 18:00 PM
Musk eyes big India investment
Tesla chief executive Elon Musk said India’s Prime Minister Narendra Modi was pushing the car maker to make a “significant investment” in the country, adding that such an announcement was expected soon.
21 June 2023, 18:00 PM
European businesses in China fight post-Covid blues
A faltering recovery, regulatory headaches and an increasingly politicised business climate are hammering European business confidence in China despite the country reopening its doors, according to a survey published on Wednesday.
21 June 2023, 18:00 PM
Forex reserves cross $30 billion
Thanks to higher inflow of remittances for Eid-ul-Azha
21 June 2023, 13:15 PM
CPD's Indo-Bangla strategic dialogue in Delhi from tomorrow
India's Ananta Aspen Centre are jointly organising the event with CPD
21 June 2023, 12:30 PM
BGMEA moves to utilise Jamdani for wider global presence
It gives special training to 160 students, weavers, Jamdani makers
21 June 2023, 11:46 AM
China’s youth confront bleak job market
Rather than celebrating finishing university, this summer Chinese graduates shared photos of themselves theatrically throwing their degrees into bins, underscoring the bleak outlook as youth unemployment sits at a record high.
20 June 2023, 18:00 PM
Qatar signs 27-year gas supply deal with China
Qatar announced a second 27-year supply deal with a Chinese company on Tuesday as it expands production from the world’s biggest natural gas field.
20 June 2023, 18:00 PM
Hyundai raises EV investment to $28b
Hyundai Motor will raise average annual investment in electrification by nearly two thirds to $28 billion in the next decade and further restructure its struggling China business as part of a broader strategy to boost electric vehicle (EV) sales.
20 June 2023, 18:00 PM
Foreigners biggest buyers of Asian bonds
Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the US Federal Reserve.
20 June 2023, 18:00 PM
Paris air show takes off with historic plane order
Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and air defences vied for attention with the industry’s supply chain problems.
20 June 2023, 18:00 PM
China cuts interest rates to counter slowdown
China’s central bank on Tuesday cut two benchmark interest rates, following several similar measures in recent days in a bid to counter the post-Covid growth slowdown in the world’s second-largest economy.
20 June 2023, 18:00 PM
China imports of Russian oil highest since invasion
Chinese imports of Russian oil last month hit their highest level since Moscow’s February 2022 invasion of Ukraine, Beijing’s customs data showed Tuesday.
20 June 2023, 18:00 PM
Chinese firm to invest $9.5m in Mongla EPZ
Chinese company M/s Yuanshun Enterprise Co Ltd will invest $9.49 million to set up a packaging factory in Mongla Export Processing Zone.
20 June 2023, 18:00 PM
Avail more foreign fund for project financing: PM
Prime Minister Sheikh Hasina asked the authorities concerned at Ecnec meeting
20 June 2023, 11:53 AM
China growth forecast cut on property woes
Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.
19 June 2023, 18:00 PM
Oil prices fall
Oil prices fell on Monday as questions over China’s economy outweighed Opec+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.
19 June 2023, 18:00 PM
Dubai chases long-term growth
Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions.
19 June 2023, 18:00 PM