EU proposes six-month tariff freeze with US

The European Union has suggested that it and the United States suspend tariffs imposed on billions of dollars of imports for six months, EU trade chief Valdis Dombrovskis was quoted as telling Germany’s Der Spiegel on Saturday.
11 April 2021, 18:00 PM

Bitcoin above $60,000 again on talk of reduced supply

Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption.
11 April 2021, 18:00 PM

Infrastructure wars: Competitive plays in US, Asia and what drives them

The big infrastructure plan unveiled by President Joe Biden last week is meant to do more than revive America’s decaying infrastructure and create jobs.
11 April 2021, 18:00 PM

Biden aims $1.5tr budget at health, education, social services

President Joe Biden’s administration on Friday unveiled a more than $1.5 trillion budget proposal that would see funding for health, education and social services eclipse defense spending, in a reversal of his predecessor’s policies.
10 April 2021, 18:00 PM

Brazil inflation tops target at 6.1pc

Brazil’s annual inflation rate broke through the ceiling of the central bank’s target range in March at 6.1 per cent, officials said Friday, adding to headaches for policy makers facing an economic slowdown and rising prices.
10 April 2021, 18:00 PM

German industrial output continues to decline in February

German industrial production dropped for the second month in a row in February after eight months of gains, as the economic impact of the pandemic began to bite, official data showed Friday.
10 April 2021, 18:00 PM

Saudi Aramco in $12.4b oil pipeline deal with EIG-led group

Energy giant Saudi Aramco said it has struck a 12.4-billion-dollar deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.
10 April 2021, 18:00 PM

Greek restaurants on the ropes ahead of tourism restart

In the trendy Koukaki district, a discus throw from the Acropolis in Athens, owners of restaurants that have survived the virus lockdown are trying to keep themselves occupied as the weather and the noises from government improve.
10 April 2021, 18:00 PM

China fines Alibaba record $2.75b for anti-monopoly violations

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
10 April 2021, 18:00 PM

Amazon’s win in union fight shows harsh realities facing labour movement

Amazon.com Inc’s fierce resistance to unionization, skepticism among workers that organizing could get them a better deal and decisions on election parameters all contributed to the apparently lopsided defeat of a labor drive at the company’s warehouse in Bessemer, Alabama, people close to the events said.
10 April 2021, 18:00 PM

Canada jobless rate falls to lowest level since pandemic start

Canada added 303,000 net jobs in March, blowing past forecasts as the unemployment rate fell 0.7 percentage points to 7.5 per cent -- its lowest level since February 2020, the national statistical agency said Friday.
10 April 2021, 18:00 PM

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country.
10 April 2021, 02:26 AM

High stakes at sea in global rush for wind power

Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy.
8 April 2021, 18:00 PM

Tesla scouts for showroom space in India, hires executive for lobbying

Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters.
8 April 2021, 18:00 PM

Global Advertisement Revenue: Gobbled up by giants

Australia’s recent attempt to make Google and Facebook pay for news content is one of many considered ways to strike a balance in wealth generation between the creative and the tech sectors. The problem statement for that policy was simple: news organisations create unique content; search and social media use the content to invite advertisers to their platforms. As a result, ads get siphoned off from TV and news media to social media -- for every AU$ 100, $81 goes to Google and Facebook.
8 April 2021, 18:00 PM

Cambodia starts vaccinating textile factory workers

Cambodia started on Wednesday to vaccinate workers in its textile industry, concentrating on the $7 billion backbone of its economy to help jump-start a post-pandemic recovery.
7 April 2021, 18:00 PM

Samsung Electronics, LG forecast 40pc leaps in Q1 operating profits

South Korea’s two biggest electronics firms both forecast jumps of around 40 percent in their first-quarter operating profits Wednesday, with coronavirus-driven working from home fuelling global demand for semiconductors and home appliances.
7 April 2021, 18:00 PM

Rupee loses 1.5pc in biggest single-day fall for 20 months

The Indian rupee lost 1.5 per cent on Wednesday, suffering its biggest single-day fall in 20 months as the central bank mapped out plans for a massive government bond buying programme.
7 April 2021, 18:00 PM

Global minimum tax for corporations inches towards reality

Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.
7 April 2021, 18:00 PM

BSEC approves country’s first green zero coupon bond

Bangladesh Securities and Exchange Commission (BSEC) has approved the country’s first green zero-coupon bond with the help of which Sajida Foundation will raise a fund of Tk 100 crore.
7 April 2021, 18:00 PM