Bangkok broadband forum flaunts 5G might

An unmanned oil drilling site being operated remotely using 5G technology, a live boxing match using a virtual reality headset with ultra-low latency and high bandwidth of 5G and control of robots in real-time -- these demonstrations marked the first day of Huawei’s two-day 13th Global Mobile Broadband Forum in Bangkok.
26 October 2022, 02:50 AM

US consumer confidence ebbs

US consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, a survey showed on Tuesday.
25 October 2022, 18:00 PM

EU countries look to map out path to gas price cap

European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks before any final decisions.
25 October 2022, 18:00 PM

Foreign aid disbursement drops 30pc

The disbursement of foreign aid for development projects in Bangladesh has dropped by 30 per cent year-on-year in the first three months of the current fiscal year. 
25 October 2022, 18:00 PM

China Q3 GDP growth tops forecasts

China’s economy rebounded at a faster-than-anticipated clip in the third quarter, but a more robust revival in the longer term will be challenged by persistent Covid-19 curbs, a prolonged property slump and global recession risks.
24 October 2022, 18:00 PM

Eurozone economy contracts further

Germany, the EU’s top economy and Europe’s export powerhouse, looks headed for imminent recession, according to a closely watched survey Monday that pointed to a deepening eurozone contraction.
24 October 2022, 18:00 PM

Going Green exhibition by Danish embassy comes to an end

The Embassy of Denmark in Bangladesh has hosted a five-day exhibition, called ‘Going Green’, at Bay’s Edge Gallery in Dhaka to highlight green solutions that can support sustainable and inclusive economic growth.
23 October 2022, 03:10 AM

Exports to Russia returning to normalcy

Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities.
18 October 2022, 02:20 AM

Opec+ members endorse output cut

Opec+ member states lined up on Sunday to endorse the steep cut to its output target agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move.
17 October 2022, 18:00 PM

Sri Lanka slashes fuel prices

Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warned that the economy will shrink an unprecedented 9.2 per cent this year.
17 October 2022, 18:00 PM

Seoul to ease restrictions on foreign workers

Visa regulations for foreign workers in the agricultural and fisheries sectors will be eased as part of efforts to address labor shortages in rural areas.
16 October 2022, 18:00 PM

Rate hikes needed in eurozone

Higher interest rates are necessary in the eurozone, whose central bank has joined others around the world in hiking rates to cool prices, the head of Germany’s Bundesbank said Saturday.
16 October 2022, 18:00 PM

World Cup jersey sales yet to gain momentum

Sales of football and cricket kits in markets across the country have started ahead of the biggest international competitions of the two sports which are set to mesmerise an ocean of fans and supporters all over the world. 
16 October 2022, 03:00 AM

Pound slides

The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic policy U-turn, while an equity rally ran out of steam.
15 October 2022, 18:00 PM

Eurozone coming closer to contraction

Uncertainty about Russian energy imports is pushing the eurozone closer towards a contraction in 2023, two senior European Central Bank officials said Friday.
15 October 2022, 18:00 PM

Russia war ‘most important’ factor slowing growth: IMF

Russia’s war in Ukraine is the “single most important element” slowing economic growth and generating global instability, the chair of a key IMF committee said on Friday.
15 October 2022, 18:00 PM

UK economy on brink of recession

Britain’s economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
12 October 2022, 18:00 PM

EU thirst for LNG puts Bangladesh, Pakistan in the dark

LNG has plugged a gap in Europe’s energy mix since it became imperative to move away from Russian energy. However, overall export capacity for LNG has not changed meaning some countries are now getting less than before.
12 October 2022, 03:50 AM

Canada posts tepid job rebound

The Canadian economy added jobs in September but did little to recoup the losses of the last three months while the jobless rate beat forecasts, edging down as fewer people looked for work, official data showed on Friday.
8 October 2022, 18:00 PM

Taiwan’s chip firms to follow new US rules on China

Taiwanese semiconductor companies attach “great importance” to complying with the law, the island’s government said on Saturday, signalling they would comply with new US export controls that aim to hobble China’s chip industry.
8 October 2022, 18:00 PM