Govt to buy 30,000 tonnes of diesel from India, LNG from spot market

Diesel will cost Tk 273.67 crore, LNG Tk 583.56 crore
11 July 2024, 12:04 PM

The world is rushing to Africa to mine critical minerals like lithium – how the continent should deal with the demand

According to the 2023 Critical Minerals Market Review by the International Energy Agency, demand for lithium, for example, tripled from 2017 to 2022
11 July 2024, 07:23 AM

Global oil market will be in supply deficit next year: EIA

Global oil demand will outpace supply next year, the US Energy Information Administration said on Tuesday, reversing a prior forecast for a surplus.
10 July 2024, 18:00 PM

Gold ticks higher

Gold prices eked out gains on Tuesday despite a stronger dollar and higher bond yields, as investors looked forward to the US June inflation data due later this week for more clarity on the US interest rate path.
10 July 2024, 18:00 PM

China’s GDP recovery likely lost steam in Q2 as consumption sags: poll

China’s economy likely grew 5.1 percent in the second quarter from a year earlier, slowing from a strong start in the first three months due to sluggish consumer demand, keeping alive expectations Beijing will need to unleash more stimulus.
10 July 2024, 18:00 PM

Losses of state enterprises may rise fivefold in FY25

The overall losses of state-owned enterprises in Bangladesh may rise by nearly five times in the current fiscal year compared to the previous year, according to a projection by the government.
10 July 2024, 18:00 PM

Reserves come down to $20.46 billion after ACU payment

$1.42 billion of import bills for May and June were paid through Asian Clearing Union (ACU)
10 July 2024, 13:16 PM

The IMF is failing countries like Kenya: why, and what can be done about it

The country has been hammered by drought, floods and locust infestations in recent years
10 July 2024, 11:11 AM

Rising shipping costs hit global trade hard

The offshoot conflict in the Red Sea has meant higher freight costs and increased expenses for insuring commercial trade goods.
10 July 2024, 05:37 AM

Govt drafts AI policy to tap its potential, tackle concerns

The government has formulated the draft National AI policy as it looks to make the best use of artificial intelligence to raise productivity and spur economic growth while dealing with the concerns presented by the technology spreading at a breakneck pace.
9 July 2024, 18:00 PM

Boeing’s future CEO has same mess, different day

Boeing has not yet met a sufficiently painful reckoning. The $113 billion jet maker will plead guilty to a criminal fraud conspiracy, according to court filings submitted Sunday by the US Department of Justice. As part of the deal, Boeing will pay a further $244 million fine and put $455 million towards safety over the next three years. Neither does much to dent the earnings power of an entrenched duopolist – or dispel the mire of controversy awaiting the unnamed Boeing boss who is set to replace exiting David Calhoun.
9 July 2024, 18:00 PM

Apple auctioned at Tk 61 a kg, orange at Tk 67

Ctg customs bids out 118 tonnes of apple, orange at only Tk 74.6 lakh
9 July 2024, 13:38 PM

Microsoft to offer Apple devices to employees in China

The absence of Android services is the reason of taking such move
9 July 2024, 11:22 AM

EU tariffs hit growth in China’s EV exports

The prospect of European tariffs cut 20-30 percentage points off China’s growth in exports of electric and plug-in hybrid cars in recent months, an official at a leading Chinese auto industry body said on Monday.
8 July 2024, 18:00 PM

Global economy finds new ways to keep growing

The world economy is defying the Cassandras. Despite widespread predictions of a slowdown, global GDP growth is accelerating. The United States is still the star performer but as it flags other regions are picking up the slack. Risks of damaging geopolitical confrontations abound. But for now investors can bask in an ideal economic environment.
8 July 2024, 18:00 PM

Global economy finds new ways to keep growing

Despite widespread predictions of a slowdown, global GDP growth is accelerating
8 July 2024, 12:22 PM

Chinese brands tap soccer to shine in Europe

According to UEFA's official website, there are 13 global partners for this year's tournament and, remarkably, five of them are Chinese companies: BYD, Vivo, Hisense, Alipay and AliExpress
8 July 2024, 10:25 AM

Indian consumer goods makers’ sales growth picks up

Indian consumer goods companies Marico, Dabur and Adani Wilmar reported a pick up in first-quarter revenue growth as demand improved gradually, with consumers spending more on personal care and cooking products.
7 July 2024, 18:00 PM

Oil settles 1% lower

Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes.
7 July 2024, 18:00 PM

US jobs market sees gradual cooldown in June

US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world’s biggest economy is cooling steadily as policymakers hope.
7 July 2024, 18:00 PM