As Nike struggles, Adidas must surf Samba wave with caution

In a bid to attract shoppers who want to buy into the trend but still want to feel unique, Adidas has kept churning out new colourways for the Samba, Gazelle and Spezial, with some models featuring tongues like football boots, and contrast stripes in new materials like velvet.
8 October 2024, 05:28 AM

Samsung Electronics apologises for disappointing profit as it struggles in AI chips

The comments illustrate the challenges facing the company, which has been the world's biggest memory chipmaker for three decades but is battling growing competition
8 October 2024, 04:53 AM

Taiwan's Foxconn says building world's largest 'superchip' plant

Foxconn is the world's biggest contract electronics manufacturer and assembles devices for major tech companies, including Apple
8 October 2024, 04:50 AM

China to flesh out economic stimulus plans after bumper rally

Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.
7 October 2024, 18:00 PM

27 progress to world stage of Nasa Space Apps Challenge

The Bangladesh phase of 11th edition of the Nasa Space Apps Challenge 2024 concluded on Sunday with 27 winners.
7 October 2024, 18:00 PM

S Alam took out Tk 7,000cr loan from Social Islami Bank

Chattogram-based business conglomerate S Alam Group took out around Tk 7,000 crore from Social Islami Bank, which is over 18 percent of the total outstanding loans of the cash-strapped commercial lender. 
7 October 2024, 18:00 PM

China’s consumers regain some lost lustre

Amid slowing growth and a property downturn, domestic demand has remained anaemic for much of the year: retail sales rose only 2.1 percent in August, missing analyst forecasts of 2.5 percent
7 October 2024, 11:02 AM

Sri Lanka's leftist government secures $200m World Bank loan

The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash
7 October 2024, 10:27 AM

UK pay growth weakest since February 2021, REC survey show

The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021
7 October 2024, 07:34 AM

Oil prices dip after strongest weekly rise in over a year

Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
7 October 2024, 06:10 AM

Samsung's profit recovery seen weakening in Q3

Operating profit for Samsung likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30
7 October 2024, 04:54 AM

German govt expects another recession in 2024: media

The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth, according to the Sueddeutsche newspaper
7 October 2024, 04:46 AM

Gold price slips

Gold prices slipped on Friday after a stronger-than-expected US jobs report poured cold water on expectations for an aggressive rate cut from the Federal Reserve next month, boosting the dollar.
6 October 2024, 18:00 PM

Dollar jumps to seven-week high

The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September led traders to cut bets that the Federal Reserve will make further 50-basis-point rate cuts.
6 October 2024, 18:00 PM

EV tariffs are only the first step in EU-China trade war

The European Union has got its electric vehicle tariffs through. On Friday, member states voted for levies on battery cars imported from the Middle Kingdom.
6 October 2024, 18:00 PM

Tariff commission suggests halving sugar import duty

The commission recommended NBR cut sugar import duty to 15% from existing 30%
6 October 2024, 13:51 PM

US grants for a feasibility study on temperature-controlled logistics

Bonton Foods has selected Minnesota-based Land O’Lakes Venture37 to conduct the study
6 October 2024, 11:43 AM

EV tariffs are only the first step in EU-China war

After Friday’s narrow vote, the European Commission is still talking with China to see if an alternative to tariffs is possible to address what it sees as the Middle Kingdom’s “injurious” support of its auto sector
6 October 2024, 10:13 AM

Vietnam economy grows 7.4% in third quarter

The growth rate was the result of "adapting effectively to the fluctuations of the global economy and addressing the severe consequences of natural disasters", the General Statistics Office (GSO) said in a statement
6 October 2024, 07:43 AM

Foxconn beats estimates with record third-quarter revenue on AI demand

Revenue for Apple's biggest iPhone assembler jumped 20.2 percent year on year to T$1.85 trillion ($57.3 billion)
6 October 2024, 05:07 AM