UK economy unexpectedly shrinks again in October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said
14 December 2024, 06:30 AM

Sri Lanka says Adani port project to continue despite US charges

Sri Lankan ports minister Bimal Ratnayake said the allegations against Adani had no bearing on the deep-sea container terminal project in the capital Colombo.
14 December 2024, 06:26 AM

US consumer inflation accelerates for second straight month in November

The consumer price index (CPI) rose to 2.7 percent last month from a year ago
12 December 2024, 05:43 AM

US-China officials to hold economic talks before Trump return

Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
12 December 2024, 05:39 AM

Chinese authorities are considering a weaker yuan as Trump trade risks loom

The contemplated move reflects China's recognition that it needs bigger economic stimulus to combat Trump's threats of punitive trade measures, people with knowledge of the matter said
11 December 2024, 10:20 AM

Zara owner Inditex posts new record profit

The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported a profit after tax of 1.68 billion euros ($1.77 billion) for the third quarter, up six percent from the same period last year
11 December 2024, 07:43 AM

Biden says Trump economic plan will be 'disaster'

The lame-duck president's speech comes after Trump won a second term largely on the back of US voters' anger at high costs of living under Democrats.
11 December 2024, 05:22 AM

China's leaders to chart economic plans for 2025: report

Beijing is also strapping in for four more years of tensions with the United States under President-elect Donald Trump, who has promised to impose stinging tariffs on China
11 December 2024, 05:18 AM

Chinese firm Bangladesh Prothoma Power to invest $12.24 million inside Bepza EZ

The company will establish a battery plate manufacturing industry
10 December 2024, 14:41 PM

China probes Nvidia for 'violating' anti-monopoly law

Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox
10 December 2024, 05:42 AM

China export surge slows as leaders eye economic revamp

Exports jumped 6.7 percent on-year to $312.3 billion last month, China's General Administration of Customs said.
10 December 2024, 05:36 AM

ECB to cut rates again amid bleak eurozone outlook

The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.
9 December 2024, 20:31 PM

What exactly were global institutions overseeing?

Noted economist Debapriya Bhattacharya raised concerns about the role of global institutions, indicating the International Monetary Fund (IMF) and the World Bank (WB), in assessing Bangladesh's debt sustainability under the previous regime as the country faces increasing pressure from escalating debt servicing obligations.
9 December 2024, 20:10 PM

Extreme heat puts garment factory workers at risk, study shows

In Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh and Karachi, the number of days with "wet-bulb" temperatures - a measurement that accounts for air temperature as well as humidity - above 30.5 degrees Celsius jumped by 42% in 2020-2024 compared to 2005-2009, researchers at Cornell University's Global Labor Institute found
9 December 2024, 07:46 AM

China consumer prices rise at slower rate in November

The consumer price index (CPI), a key measure of inflation, rose 0.2 percent in November year-on-year, down from 0.3 percent in October, the National Bureau of Statistics (NBS) said
9 December 2024, 06:15 AM

Chinese premier warns world financial leaders of 'deglobalisation' risks

Premier Li Qiang made the remarks in his opening speech at a summit attended by the top leaders of organisations including the International Monetary Fund, the World Trade Organisation and the World Bank.
9 December 2024, 05:36 AM

UK employers cut growth forecasts as tax hikes weigh on economy

Growth in 2025 is now seen at 1.6 percent, the Confederation of British Industry (CBI) said, down from a projection of 1.9 percent made in June
8 December 2024, 05:43 AM

US clean energy, defense to be impacted by China export curbs

Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors to solar cells
8 December 2024, 05:00 AM

US job market bounces back from impact of strikes, hurricanes

The labour market's resilience is driving the economy through strong consumer spending, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month
7 December 2024, 10:41 AM

Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows

Holiday shoppers largely browsed at brick-and-mortar stores, making more online purchases at some retailers, snapping up such items as pre-owned Rolex watches,
7 December 2024, 05:09 AM