Cater to job entrants

Bangladesh requires adaptations to cater to the two million annual job entrants amidst the latest geopolitical considerations and climate change, said Abdoulaye Seck, country director for Bangladesh and Bhutan at the World Bank, yesterday.
28 August 2023, 18:00 PM

China has no pain-free solutions for its slowing economy

Erin Yao would like to take street dance classes and travel, activities she could not do during three years of Covid-19 restrictions in China.
28 August 2023, 18:00 PM

Rupee goes up marginally

The Indian rupee rose on Monday, but higher near-maturity US Treasury yields were expected to limit the upside for the currency.
28 August 2023, 18:00 PM

Dollar wobbles as investors ponder 'higher for longer' rate path

The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months.
28 August 2023, 07:02 AM

Apparel’s duty benefit in Canada to remain intact

Bangladesh’s garment exports to Canada may continue to enjoy duty-free trade benefits after the graduation of the country to a developing nation, said a top businessman.
27 August 2023, 23:00 PM

India mulls import tax cut if EV makers build locally

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
27 August 2023, 18:00 PM

China’s investment in AI may reach $38.1b in 2027

China’s investment in artificial intelligence is forecast to reach $38.1 billion (273.9 billion yuan) in 2027, accounting for 9 percent of the world’s total, according to a recent report by market consultancy IDC.
27 August 2023, 18:00 PM

US growth, a puzzle to policymakers, could pose global risks

US economic growth, still racing at a potentially inflationary pace as other key parts of the world slow, could pose global risks if it forces Federal Reserve officials to raise interest rates higher than currently expected.
27 August 2023, 18:00 PM

MJL plans Tk 95cr business expansion

Lubricating oil provider MJL Bangladesh PLC, a listed company, has announced plans to invest Tk 95 crore for business expansion. 
27 August 2023, 18:00 PM

Indian farmers ramp up rice acreage

Indian farmers have planted 38.4 million hectares (94.8 million acres) with rice, up 4.3 percent on the same period last year, farm ministry data showed on Friday, as a revival in July monsoon rains and higher prices encouraged growers to boost acreage.
26 August 2023, 18:00 PM

Fed may need to raise interest rates further

The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progresses made on easing price pressures as well as risks from the surprising strength of the US economy.
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

Dollar holds steady

The US dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise interest rates further to ensure inflation is contained but promised to move “carefully” at upcoming meetings.
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 futures up 1%

Oil futures climbed about 1 percent to a one-week high on Friday as US diesel prices soared, the number of oil rigs dropped, and a fire broke out at a refinery in Louisiana.
26 August 2023, 18:00 PM

Executive Motors brings BMW electric vehicle

Executive Motors Limited yesterday unveiled the BMW iX3 M Sport, the first-ever electric vehicle from BMW, for the Bangladesh market.
26 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

Fitch downgrades China’s debt-hit Country Garden

Fitch has downgraded to junk the credit rating of a subsidiary of Chinese property giant Country Garden, citing “heightened liquidity pressure” at the troubled firm.
24 August 2023, 18:00 PM

Kuwait’s economic recovery faces risks

Kuwait’s economic recovery is ongoing but risks to the oil producer’s outlook “remain substantial” and gridlock between the government and parliament continues to delay reforms, the International Monetary Fund said on Wednesday.
24 August 2023, 18:00 PM