Canada gets ready to push back against Trump tariffs

Canada is considering retaliatory measures against the United States, a government source said Friday, as the country was urged to take seriously Donald Trump’s threats to impose tariffs on Canadian imports.
30 November 2024, 18:00 PM

Inflation-wary US consumers flock to ‘Black Friday’ deals

US shoppers were out in force for “Black Friday,” with preliminary data showing strong online sales despite inflation nerves prompting retailers in the world’s biggest economy to come up with ever more deals.
30 November 2024, 18:00 PM

Businesses voice concern over state of law and order

Power crises are also making things extremely difficult, they say at DCCI conference
30 November 2024, 13:02 PM

WTO chief reappointed as Trump threat looms

Okonjo-Iweala, the first woman and the first African to head the WTO, was the only candidate in the race, and had been all but assured a second four-year term
30 November 2024, 08:32 AM

China manufacturing expands for second straight month

The latest PMI reading marks the second straight month of expansion -- indicated by a figure above 50 -- after a five-month run in negative territory that ended in October.
30 November 2024, 05:09 AM

Sri Lanka records highest deflation since 1961

Sri Lanka had already seen deflation of 0.8 percent in October and 0.5 percent in September
30 November 2024, 05:04 AM

Wage inequality declined in two-thirds of countries since start of 21st century: ILO

Global real average wage growth has started to rise again as inflation progressively eases, ILO report finds
28 November 2024, 12:09 PM

Deal signed for 181 million euro German financial, technical cooperation support

45.8 million euro will come as technical cooperation and 135 million euro as financial support
28 November 2024, 12:02 PM

Six crisis-hit banks get Tk 22,500 crore BB fund

The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
28 November 2024, 11:16 AM

Adani allegations shine spotlight on India's clean energy conundrum

The conglomerate is not alone in facing increasingly long delays in signing up buyers for the renewable electricity capacity which is now being developed in coal-dependent India - the world's third-largest emitter of greenhouse gases.
28 November 2024, 05:04 AM

Adani Group says it lost $55b as US charges sparked rout

India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.
27 November 2024, 18:00 PM

China may hit peak coal consumption in 2025

China’s coal consumption could peak by 2025 as the world’s top consumer of the fossil fuel ramps up its push for clean energy, a report published on Wednesday said.
27 November 2024, 18:00 PM

Indian businesses may learn wrong lesson from Adani

Corruption’s long history in India explains the country’s failure to live up to its growth potential. US bribery charges against tycoon Gautam Adani should therefore provoke some soul-searching among the capitalist elite. The danger, however, is that businesses learn the wrong lesson from the affair and grow warier of international capital markets rather than cleaning house.
27 November 2024, 18:00 PM

How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024, 10:32 AM

Adani's 'renewable energy marvel' trapped in US bribery indictment

Adani Green's revenues of $574 million during the period from April to September this year were up 20% on the year, boosting its cash profit 27% to $313 million over that time.
27 November 2024, 06:01 AM

Sri Lanka cuts lending rates after debt deal

The Central Bank of Sri Lanka said it was moving to a single policy rate set at 8.0 percent, an "effective reduction" of around 50 basis points.
27 November 2024, 05:10 AM

Six killed as PTI activists clash with Pak security forces

At least six people, including four paramilitary soldiers, were killed yesterday during clashes near Pakistan’s parliament between security forces and protesters who are demanding the release of former prime minister Imran Khan.
26 November 2024, 18:01 PM

Sri Lanka kicks off much-delayed $12.5b bond deal

Sri Lanka said Tuesday it would honour a deal secured by its predecessor to restructure $12.55 billion in international sovereign bonds, a key condition to maintain an IMF bailout loan.
26 November 2024, 18:00 PM

Trump vows big tariffs on Mexico, Canada and China

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that “no one will win a trade war.”
26 November 2024, 18:00 PM

Fitch revises outlook on four Adani group firms from ‘stable’ to ‘negative’

The entities whose outlook has been revised to “negative” are rated “BBB”.
26 November 2024, 09:17 AM