The Indian rupee advanced on Tuesday as hopes that the US Federal Reserve could slow down the pace of its rate hikes buoyed risk appetite and hurt the dollar.

US President Joe Biden said Monday he plans to seek tax penalties for oil companies unless they invest their record profits in lowering consumer costs and boosting production, criticizing their “war profiteering.”

A delegation of India’s leading steel manufacturer Tata Steel Ltd visited the factory of GPH Ispat at Sitakunda upazila in Chattogram yesterday.

The US dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of Federal Reserve and Bank of England (BoE) meetings this week.

The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased, ECB President Christine Lagarde said in an interview published on Tuesday.

Most of the Middle East and North Africa’s non-oil producing economies are experiencing a “gradual slowdown”, the International Monetary Fund said Monday, while resource-rich states are benefiting from high fossil fuel prices.

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency.

Chicago wheat futures jumped almost 6 per cent on Monday and corn rose more than 2 per cent as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies.

The cyclone Sitrang that swept over the country last week has caused a loss of around Tk 350 crore of 150,000 farmers in almost half of the country, the agriculture ministry said today.

Russia's weekend backtrack from a UN-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and sparking gains in prices.

The United Arab Emirates aims to increase the share of clean energy projects to 50 per cent of its overall energy mix by 2050, state news agency WAM cited its energy minister as saying on Sunday.

First, Elon Musk revolutionised the automobile industry, then he tackled space travel. By taking control of Twitter, the eccentric billionaire now wields a nearly untold level of influence.

US retailers are hustling to sell their stockpiles of Christmas decorations as the festive season approaches, after tangled supply chains caused many shipments to arrive only after the holidays last year.

The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.

A key measure of US inflation kept its pace in September while consumer spending remained strong, government data showed Friday, fueling expectations of a further interest rate hike by the central bank.

Germany’s economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.

Global energy giants including Exxon Mobil Corp and Chevron Corp posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices that have boosted inflation around the world and led to fresh calls to further tax the sector.

India has extended its restriction on sugar exports by another year until October 31, 2023, to contain prices of the sweetener in its domestic market, according to a notification from the country’s Directorate General of Foreign Trade on Friday.

Bangladesh produced 2.51 lakh tonnes of shrimp in 2020-21 fiscal year and the country’s export income increased in the last few years despite global recession amid Covid-19 pandemic, Fisheries Minister SM Rezaul Karim said today.

India's foreign exchange reserves fell to $524.52 billion in the week through Oct. 21 to remain at their lowest since July 2020, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.