An 11-member technical mission of the World Bank reached Chattogram port yesterday to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.

Capping the price of Russian oil, an approach G7 members said Friday they want to pursue “urgently,” would be an unprecedented move and one which some analysts say could backfire.

The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.

As the world grapples with a food insecurity problem induced by rising geopolitical tension and Covid-19, Indonesia, which is expected to take over the ASEAN leadership next year, is proposing that countries within the grouping set up a kind of region-wide food bank.

An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.

The British government is set to release data showing around 1.1 billion pounds of small business loans ($1.27 billion) made under a Covid-19 emergency lending scheme has already been classified as suspected fraud, a source told Reuters.

The Indian rupee declined on Friday as the US dollar climbed after data showed the labour market remained strong in the United States, furthering the case for the Federal Reserve to keep tightening rates.

Oil prices rose on Friday on expectations that Opec+ will discuss output cuts at a meeting on September 5, though concern over China’s Covid-19 curbs and weakness in the global economy loomed over the market.

American employers slowed the pace of hiring in August after the surprising surge in the prior month and the jobless rate edged up, according to government data released Friday, which could offer the central bank some relief that its inflation-fighting efforts are working.

Russia on Friday scrapped a Saturday deadline to resume flows via the Nord Stream 1 pipeline to Europe, saying it had discovered a fault during maintenance, deepening Europe’s difficulties in securing fuel for winter.

India’s gross domestic product data indicated that while domestic demand improved in the June quarter, growth was much slower in the sectors hardest hit by the pandemic, signalling deeper scarring and lower trend growth, Nomura said on Friday.

Indonesia raised subsidised fuel prices by about 30 per cent on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe's difficulties in securing fuel.

Indonesia raised subsidised fuel prices by about 30 per cent on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

Unemployment in the eurozone stood at its lowest recorded level in July, 6.6 per cent of the active population, the EU statistics agency announced Thursday.

Britain’s house prices cooled only slightly last month, a key survey showed Thursday, but remain vulnerable to rising interest rates and the cost of living crisis.

US Treasury Secretary Janet Yellen said Wednesday she was “optimistic” about the possibility of an international agreement to set a price limit on Russia’s oil exports.

A US order to ban exports of some advanced chips to China is likely to hit almost any major tech company running public clouds or advanced artificial intelligence training modules in the country, experts said.

The eurozone inflation rate hit a new record in August, official data showed on Wednesday, increasing pressure on the European Central Bank to hike rates to tame Ukraine war-fuelled prices.

The European Union is preparing an emergency plan to separate power prices from the soaring cost of gas - as well as longer-term reforms aimed at ensuring electricity prices reflect cheaper renewable energy.