Japan may extend $600 million to Bangladesh as budget support, Planning Minister MA Mannan said today.

Seven more ships laden with agricultural produce left Ukrainian ports on Sunday, the country’s infrastructure ministry said, bringing the total to 218 since a UN-brokered corridor through the Black Sea came into force at the start of August.

Two major multilateral lenders have forecast Cambodia’s economic growth for 2022 at around five per cent, buoyed by bumper export performance earlier in the year, coupled with ongoing policy support and continued tourism recovery, but held back by external pressures associated with Covid-19 and the Ukraine conflict.

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation.

The United Arab Emirates agreed Sunday an “energy security” deal with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.

India’s foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to September 16, its lowest level since October 2, 2020, Reserve Bank of India’s weekly statistical supplement showed on Friday.

Bangladesh needs more Chinese market-oriented investments to boost its exports to the Asian economic powerhouse, analysts said yesterday.

The US Energy Department on Friday issued a plan detailing a government-wide strategy for ramping up production and use of sustainable aviation fuels (SAF).

A total of 211 ships with 4.7 million tonnes of agricultural products on board have left Ukraine so far under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian infrastructure ministry said on Saturday.

The Reserve Bank of India is set to raise interest rates again next week with a slim majority of economists in a Reuters poll expecting a half-point hike and some others expecting a smaller 35 basis point rise.

The downturn in British businesses steepened this month as they battled soaring costs and faltering demand, according to a survey on Friday that hammered home the rising risk of recession.

From the world’s top short video application TikTok to the biggest fast-fashion app Shein and emerging music-video app StarMaker, a rising number of mobile apps developed by Chinese companies are influencing people’s daily lives across the globe.

Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan stuck with ultra-low interest rates.

India is considering allowing the overseas shipment of some rice cargoes stuck at ports after the world’s biggest exporter of the grain imposed restrictions earlier this month, a government official said on Wednesday on the condition of anonymity.

The government today cut the retail prices of loose palm super oil by Tk 12 a litre and packaged and loose sugar by Tk 6 per kilogramme (kg).

Bangladesh is increasingly becoming a source not only for replica football shirts worn by fans but also kits used in practice by players of the International Federation of Association Football (FIFA) World Cup alongside European clubs. 

Businesses will not be able to use the Indian rupee for trading with India as the Bangladesh Bank has not enlisted the currency for the settlement of bills for exports and imports.

Germany nationalised gas importer Uniper on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights on and heaters running this winter as the war in Ukraine escalates.

Oil jumped nearly 3 per cent on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply.

The  “enormous scale” of Chinese lending to developing nations makes it critical Beijing do more to participate in restructurings to avoid a new international debt crisis, a senior US Treasury official said Tuesday.