Investors put UK election winner Labour on credibility watch

Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible
7 July 2024, 13:04 PM

Why AI may fail to unlock the productivity puzzle

Features of AI suggest that while its impact on the bottom line of some companies may be positive, its economy-wide consequences will be less impressive
7 July 2024, 12:58 PM

Gold prices rise

Gold prices extended gains on Friday to their highest level in over a month following key US jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September.
6 July 2024, 18:00 PM

India targets 27% higher onion production

The target area under kharif onion this year is 3.61 lakh hectares which is 27 percent higher than last year, the Ministry of Food said on Friday.
6 July 2024, 18:00 PM

New UK government faces tough economic challenge

Britain’s new Labour government on Friday pledged immediate action to grow the economy after the centre-left party won a landslide general election victory.
6 July 2024, 18:00 PM

Apparel shipment to the USA declines by 12.31%

The amount hit $2.9 billion in the January-May period
6 July 2024, 14:26 PM

Cut in export incentive will hurt textile sector: BTMA

The primary textile sector will lose competitiveness in global arena, says BTMA president
6 July 2024, 13:27 PM

Shun Shing Edible Oil merges with Bangladesh Edible Oil

The disclosure came nearly four months after the HC approved the amalgamation
6 July 2024, 12:11 PM

Dhaka Bank looks to spread its wings to fuel growth

Dhaka Bank is increasingly embracing technologies to serve customers digitally and enhancing its lending to small clients as it redesigns its focus to stay relevant.
4 July 2024, 18:00 PM

Sri Lanka bond holders agree to take 28% haircut: govt

Sri Lanka’s private creditors have accepted a 28 percent haircut on $12.5 billion in sovereign bonds, the government announced Thursday, meeting a key condition of an IMF bailout.
4 July 2024, 18:00 PM

China’s BYD opens EV plant in Thailand

China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.
4 July 2024, 18:00 PM

EU slaps Chinese electric cars with tariffs of up to 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of “unfair” state subsidies, despite Beijing’s warnings the move would unleash a trade war.
4 July 2024, 18:00 PM

Chinese firm wants to invest $21.85m in Bepza EZ

Chinese company Unicorn Handbag has expressed interest in investing $21.85 million in Bepza Economic Zone (Bepza EZ) in Mirsharai, Chattogram to set up a carry bag and luggage manufacturing industry.
3 July 2024, 18:00 PM

Eurozone business growth slows sharply in June

Overall business growth across the eurozone slowed sharply last month as a solid expansion in the bloc’s dominant services industry failed to offset a further deterioration in manufacturing, a survey showed on Wednesday.
3 July 2024, 18:00 PM

EU governments waver over Chinese EV tariffs as trade spat escalates

EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels’ challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation.
3 July 2024, 18:00 PM

Indian officials visit Foxconn iPhone plant, question executives about hiring

Indian labour officials visited a Foxconn factory in the country's south this week and questioned executives about the company's hiring practices
3 July 2024, 13:50 PM

Gold slips

Gold prices fell on Tuesday under pressure from elevated US treasury yields and a stronger dollar while investors awaited comments from Federal Reserve Chair Jerome Powell for further clues about the interest rate path.
2 July 2024, 18:00 PM

Eurozone inflation eases slightly in June

Eurozone inflation cooled in June, official data showed Tuesday but experts say it will not be enough to convince the European Central Bank to accelerate its rate-cutting cycle despite sluggish economic growth.
2 July 2024, 18:00 PM

US manufacturing contraction deepens in June

US manufacturing activity edged lower in June, deepening a recent slump on continued weak demand, according to industry survey data published Monday.
2 July 2024, 18:00 PM

Economic stability govt’s main focus: state minister for finance

The American Chamber of Commerce in Bangladesh (AmCham) organises monthly luncheon meeting
2 July 2024, 12:38 PM