Consumer inflation in Japan's capital rises at fastest pace in 40 years

Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and exceeded the central bank's 2 percent target for a sixth straight month, signalling broadening inflationary pressure.
25 November 2022, 03:45 AM

Germany must trade with China warily: minister

No one is suggesting Germany should stop trading with China, but Beijing’s investments in critical sectors must be examined closely, German Economy Minister Robert Habeck said on Wednesday.
24 November 2022, 18:00 PM

Global growth to slow: OECD

World growth is set to slide from 3.1 per cent this year to 2.2 per cent next year due to high inflation, before rebounding slightly to 2.7 per cent in 2024, the OECD said Tuesday.
22 November 2022, 18:00 PM

Germany plans higher borrowing to combat energy crisis

Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe’s biggest economy facing  “great economic uncertainty”, Finance Minister Christian Lindner said Tuesday.
22 November 2022, 18:00 PM

Global growth to slow amid 'persistent' high inflation: OECD

World growth is set to slide from 3.1 per cent this year to 2.2 per cent next year due to high inflation, before rebounding slightly to 2.7 per cent in 2024, the OECD said Tuesday.
22 November 2022, 16:00 PM

Dollar gains against major currencies

The U.S. dollar was firmly higher against major currencies on Monday, while China’s yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world’s second-biggest economy.
21 November 2022, 18:00 PM

Qatar signs world’s ‘longest’ gas supply deal with China

QatarEnergy announced a 27-year natural gas supply deal with China Monday, calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
21 November 2022, 18:00 PM

UK needs more migrant labour

Britain needs more migrant labour to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country’s main lobby group warned Monday.
21 November 2022, 18:00 PM

Qatar Airways cheers up football fans in Bangladesh

Qatar Airways, official airline partner of FIFA, organised a programme to bring the excitement of the Qatar’s World Cup to football fans in Bangladesh at Radisson Blu Dhaka Water Garden on Sunday. 
21 November 2022, 18:00 PM

New German law to boost compliance in supply chain

A new German due diligence law will come into effect from January next year, aiming to bind companies to ensure better human and labour rights in factories and supply chains, said an official of a German development agency.
21 November 2022, 18:00 PM

Indian economy to grow 6.3pc in Q2: RBI

India’s economy is expected to grow between 6.1 per cent and 6.3 per cent in the second quarter of the current financial year based on high frequency indicators and economic prediction models, the Reserve Bank of India (RBI) said in its monthly bulletin.
20 November 2022, 18:00 PM

UK retail sales recover partially

British retail sales staged only a partial rebound last month after shops closed in September for the funeral of Queen Elizabeth, and they remained below their pre-pandemic level as soaring inflation hits spending power.
20 November 2022, 18:00 PM

LDC graduation won’t affect trade too much

Bangladesh’s exports will not be as affected as feared following the United Nations country status graduation from a least developed to a developing nation in 2026, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday. 
20 November 2022, 18:00 PM

Assam’s delegation in Dhaka to improve trade, connectivity

A 32-member parliamentary delegation of Assam arrived in Bangladesh on a four-day visit yesterday, aimed at improving trade and connectivity between Bangladesh and the north-eastern states of India.
19 November 2022, 18:00 PM

Indonesia, China ink $2.6b palm oil, fishery trade deals

China has signed a US$2.6 billion worth of commitment to purchase crude palm oil (CPO) and its derivative products from Indonesia, allowing the archipelagic country to secure a trade boost from its number-one trading partner amid global recession.
19 November 2022, 18:00 PM

Oil price slides 2pc

Oil dropped by about 2 per cent on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to US interest rates.
19 November 2022, 18:00 PM

JP Morgan predicts mild US recession

J.P. Morgan economists predict a  “mild recession” in the United States in the back half of next year given expectations for the Federal Reserve to tighten monetary policy further in its battle against inflation.
17 November 2022, 18:00 PM

Germany looks to Asia-Pacific to strengthen economy

Germany is keen on strengthening its economic ties with the Asia Pacific region, said German Chancellor Olaf Scholz in his opening address during the 17th edition of Asia-Pacific Conference of German Business (APK) held in Singapore on Monday.
16 November 2022, 18:00 PM

China’s economy loses pace amid Covid curbs

China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and abroad.
15 November 2022, 18:00 PM

India’s retail inflation eases

India’s annual retail inflation eased to a three-month low of 6.77 per cent in October, helped by a slower rise in food prices and a higher base effect, strengthening bets of smaller rate hikes by the country’s central bank at its meeting next month.
15 November 2022, 18:00 PM