Bangladesh’s external debt dips

It hit $99.30 billion in March, down from $100.64 billion in December last year
25 June 2024, 09:29 AM

Red Sea gives shipping an Uber-style price surge

Anyone who has tried to secure an Uber at a busy time of day will have experienced the ride-hailing app’s least appealing feature: surge pricing. Too many punters and too few available cars mean the cost of getting from A to B spikes. Something similar is currently afflicting the global shipping sector.
24 June 2024, 18:00 PM

China wants EU to remove tariffs on EVs by July 4

Beijing wants the EU to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China’s state-controlled Global Times reported, after both sides agreed to hold new trade talks.
24 June 2024, 18:00 PM

Apple holds talks with rival Meta over AI

Apple is talking to major rival Meta about integrating the Facebook parent company’s generative AI into its products, as it tries to catch up with rivals on artificial intelligence, the Wall Street Journal reported Sunday.
24 June 2024, 18:00 PM

Global jewellery machinery expo in Dhaka from Jul 4

Bangladesh Jeweller's Association will organise the three-day International Jewellery Machinery Exhibition Bangladesh 2024
24 June 2024, 13:04 PM

Some Vietnam coffee farms thrive despite drought, but may not stop espresso price hikes

Domestic forecasts for next season's harvest in Vietnam, the world's second biggest coffee producer, remain grim.
24 June 2024, 04:26 AM

EU, China open talks over EV tariffs

EU and China trade chiefs held “candid and constructive” talks on Saturday over plans from Brussels to ramp up tariffs on Chinese electric cars, and the two sides will hold further consultations, the EU said.
23 June 2024, 18:00 PM

Elon Musk’s $56b pay: Tesla, critics clash over how to resolve legal dispute

Tesla and opponents of Elon Musk’s compensation clashed on Friday over ways to resolve the legal quagmire that has engulfed the CEO’s $56 billion pay package and billions of dollars in potential legal fees generated by the case.
23 June 2024, 18:00 PM

Beyond Nvidia: the search for AI’s next breakthrough

For a few days, AI chip juggernaut Nvidia sat on the throne as the world’s biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza.
23 June 2024, 18:00 PM

Bangladesh needs to overcome barriers to private investment

According to Bangladesh Business Climate Index 2024
23 June 2024, 16:02 PM

Cash is leaving China again, pressuring yuan

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest better-yielding assets.
23 June 2024, 13:34 PM

EU and China open talks over electric car tariffs

EU and China trade chiefs held "candid and constructive" talks on Saturday over plans from Brussels to ramp up tariffs on Chinese electric cars, and the two sides will hold further consultations, the EU said
23 June 2024, 11:29 AM

Beyond Nvidia: the search for AI's next breakthrough

For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza
23 June 2024, 11:24 AM

India’s oil imports from Russia at record high

India’s oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as discounts for Russian oil widened on lower demand from China, according to trade sources and shipping data.
22 June 2024, 18:00 PM

Eurozone business activity growth slows sharply in June

The growth of business activity in the eurozone slowed down in June after the manufacturing sector posted its biggest decline in six months, a key survey said Friday.
22 June 2024, 18:00 PM

US adds Japan to its currency watchlist

The United States added Japan to its “monitoring list” of major trading partners whose currency practices “merit close attention” on Thursday, while reaffirming that none had been designated as a currency manipulator.
22 June 2024, 18:00 PM

Piled-up import containers congest Ctg port

Slow container delivery from the port created the problem
22 June 2024, 15:03 PM

Bangladesh receives $900 million in World Bank loans for two projects

These new financing operations will help Bangladesh in financial sector and urban management, says Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan
22 June 2024, 06:50 AM

Deposits of Bangladeshi banks, nationals in Swiss banks hit lowest level ever

It declined 68% year-on-year to 17.71 million Swiss francs in 2023
20 June 2024, 18:21 PM

EU sanctions target Russian gas for first time

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.
20 June 2024, 18:00 PM