China to introduce more policies to spur consumption

China will formulate and introduce more effective policies for restoring and expanding consumption as soon as possible, said the country’s top economic planner recently.
23 July 2023, 18:00 PM

Russia raises rate sharper than expected

Russia’s central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5 per cent on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand.
23 July 2023, 18:00 PM

Fed may hike interest rates to 22-year high

After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation.
23 July 2023, 18:00 PM

Threads struggles for traction

After a wildly successful first few days, Threads popularity has waned in the weeks since Meta launched its challenge to Twitter, which lives on despite its problems.
23 July 2023, 18:00 PM

Bangladesh, Japan to sign economic partnership agreement soon

Tipu Munshi says after meeting with his Japanese minister
23 July 2023, 14:28 PM
23 July 2023, 12:18 PM

MoUs signed with Japan for bilateral trade, investment

Daylong Dhaka summit begins on Bangladesh-Japan economic relations
23 July 2023, 10:36 AM

Dead EV batteries turn to gold with US incentives

A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.
23 July 2023, 07:02 AM

Elon Musk says Twitter to change logo, adieu to 'all the birds'

Elon Musk said he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds.
23 July 2023, 06:12 AM

'Businesses should adopt green tech to fight climate change'

FBCCI president says at FBCCI Members Night 2023
22 July 2023, 20:02 PM

India’s forex reserves rise to near 15- month high

India’s foreign exchange reserves rose for a third straight week to total $609.02 billion as of July 14, the highest in nearly 15 months, data from the central bank showed on Friday.
22 July 2023, 18:00 PM

UK consumers defy high inflation, shop more in June

British retail sales grew faster than expected in June despite continued high inflation, thanks to unusually hot weather and a rebound in food sales after King Charles’ coronation disrupted spending in May, official figures showed on Friday.
22 July 2023, 18:00 PM

Japan inflation accelerates to 3.3% in June

Japan’s consumer prices rose 3.3 per cent year-on-year in June, with the pace of inflation accelerating from the 3.2 per cent recorded in May, government data showed Friday.
22 July 2023, 18:00 PM

Oil rallies on tightening supply

Oil prices rose nearly 2 per cent on Friday to record a fourth consecutive weekly gain, buoyed by growing evidence of supply shortages in the coming months and rising tensions between Russia and Ukraine that could further hit supplies.
22 July 2023, 18:00 PM

India rejects BYD's $1 billion factory proposal, Economic Times reports

Reuters reported this month that BYD had submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company.
22 July 2023, 14:36 PM

Number of households with internet rises by 9 times in a decade

It hit 43.6% in 2023 from 4.8% in 2013, BBS survey finds
22 July 2023, 14:20 PM

Duty benefit to continue for Bangladesh post-LDC: Australia

Australian assistant minister assures Bangladesh
22 July 2023, 13:39 PM
22 July 2023, 12:58 PM

Some Subway India outlets drop tomatoes citing poor quality amid price surge

Two weeks ago, McDonald's restaurants in India dropped tomatoes from their burgers and wraps in many parts of India due to quality issues.
22 July 2023, 11:01 AM

Romanian port can ship more Ukraine grain after collapse of Black Sea deal

Romania's Constanta port, Ukraine's main alternative route for grain since Russia's withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August, the head of the port's business association said.
22 July 2023, 10:33 AM