China’s economy is resilient and has not collapsed, the Chinese foreign ministry said on Tuesday, rejecting claims from the West that its economy is faltering and could cause wider problems.

Germany’s economic weakness is casting a flattering light on France’s relative resilience that belies the otherwise middling performance of the euro zone’s second-biggest economy, economists say.

Chinese company Cherry Button Limited will invest $12.2 million to establish a garment accessories manufacturing factory at the Adamjee Export Processing Zone in Narayanganj.

Russian companies have ceased offering fertiliser such as di-ammonium phosphate (DAP) to India at discounted prices due to tightening global supplies after becoming the biggest suppliers to the country last year, three industry sources told Reuters.

China’s central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the country’s currency sees persistent volatility.

Tesla rallied 6 percent on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker’s market value by helping speed up its foray into robotaxis and software services.

It is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina Georgieva, said on Sunday, while urging members of the G20 bloc to deliver on a promise of $100 billion a year in climate funds.

The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany’s poor performance.

China’s economic problems are more likely to affect the region than the United States, US Deputy Treasury Secretary Wally Adeyemo said on Monday, a day after President Joe Biden called China’s economic situation a “crisis.”

European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M (HMb.ST) and Zara-owner Inditex (ITX.MC) when they issue business updates this week.

Oil prices eased on Monday as a stronger dollar and economic concerns in China weighed on fuel demand outlook although Brent held above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts.

Bangladesh will sign a letter of intent with France to buy its second earth observation satellite, which will be engaged in non-military uses such as environmental monitoring, meteorology and cartography.

The British government has signed a partnership with Singapore to grow its economy and enhance shared security, Downing Street said on Friday, adding it was the UK’s first treaty since leaving the European Union.

The US dollar index registered an eighth straight week of gains on Friday while global stock indexes ended slightly higher on the day ahead of key US inflation data next week.

Turkey has reaffirmed its commitment to strengthening bilateral trade ties with Bangladesh, said Turkish Ambassador to Dhaka Ramis Sen.

US President Joe Biden secured deals with Vietnam on semiconductors and minerals as the strategic Southeast Asian nation elevated Washington to its highest diplomatic status alongside China and Russia.

China could carry out further property market easing and introduce more sizable fiscal support for infrastructure investment, in order to help the country’s economic growth to pick up from the fourth quarter of this year, experts said on Tuesday.

Chinese company QSL.S Garments Co Ltd will invest $19.5 million to set up an RMG factory at the Mongla Export Processing Zone in Bagerhat.

Two months have passed, but the Pangaon-bound container vessel Pangaon Express that sank in the bay near Noakhali’s Bhasanchar on July 6 with 72 import-laden containers is yet to be rescued.

The US, Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to US officials aware of the conversations.