Trade wars sparked by Trump tariffs would be ‘catastrophic’, WTO chief says

The World Trade Organization chief said on Thursday that any tit-for-tat trade wars prompted by US President Donald Trump’s tariff threats would have catastrophic consequences for global growth, urging states to refrain from retaliation.
25 January 2025, 18:00 PM

Trump tells elites: produce in US or pay tariffs

US President Donald Trump issued a blunt warning to global elites in a video appearance at the World Economic Forum in Davos on Thursday: Make your products in the United States or pay tariffs.
25 January 2025, 18:00 PM

Kamalapur ICD looking for an operator for five years

Tender has been floated, as the previous contract with Saif Powertec is set to end next month
25 January 2025, 12:47 PM

Renata’s sales grow 12%, but profit plunges 35%

Higher wages and currency depreciation caused the profit to fall
25 January 2025, 11:45 AM

Trade wars sparked by Trump tariffs would be 'catastrophic', WTO chief says

WTO Director-General Ngozi Okonjo-Iweala, a former Nigerian finance minister, starts her second term as head of the global trade watchdog this year at a time when Trump's tariff threats have raised the spectre of trade wars
25 January 2025, 04:59 AM

Trump’s tariff threats are ‘leverage’

Donald Trump’s recent threat to impose 25 percent tariffs on Canada and Mexico is a negotiating tactic, the president’s long-time informal economic advisor argued Wednesday.
23 January 2025, 18:00 PM

Solar power surpasses coal in EU for first time

Solar overtook coal in the European Union’s electricity production in 2024, with the share of renewables rising to almost half the bloc’s power sector, according to a report released Thursday.
23 January 2025, 18:00 PM

Musk bashes Trump-backed AI mega project

The comments marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.
23 January 2025, 05:27 AM

Sri Lanka’s inflation dropped to minus 2% in December

Sri Lanka’s consumer price inflation dropped to minus 2 percent year-on-year in December after easing to minus 1.7 percent in November, official data showed on Tuesday, as the country posted a strong rebound from its worst financial crisis in decades.
22 January 2025, 18:00 PM

US pulls out of global corporate tax deal

US President Donald Trump’s decision to withdraw from a global minimum tax agreement on his first day in office has unnerved EU officials, who expressed “regret” over the move.
22 January 2025, 18:00 PM

Trump touts $500b AI project

President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant Softbank, cloud giant Oracle and ChatGPT-maker OpenAI.
22 January 2025, 18:00 PM

As Trump takes aim at EVs, how far will rollback go?

As part of his flurry of first-day actions, US President Donald Trump took aim at electric vehicles, a cornerstone of the Biden administration’s climate change agenda.
22 January 2025, 18:00 PM

Bangladesh eyes fruit imports, trade boost with Pakistan

Business delegations of the two nations sat in a meeting today at the FBCCI
22 January 2025, 14:40 PM

Govt preparing SME Policy 2025: SME Foundation chairperson

The five-year SME Policy is scheduled to come into effect in July this year and end in June 2030
22 January 2025, 13:34 PM

RMG exports to EU rise by 2.99% in Jan-Nov

In the 11 months, Bangladesh shipped garments worth $18.15 billion, second highest after China
22 January 2025, 12:34 PM

BSTI to issue temporary clearance certificates for industrial raw materials

The clearance will be issued on a consignment basis under certain conditions
22 January 2025, 11:50 AM

Trump says EU 'in for tariffs', warns of 10% rate on China

Trump, who was speaking to reporters at the White House a day after being sworn in, cited the need to rectify the EU's trade imbalances with the United States while taking aim once again at Beijing over fentanyl trafficking.
22 January 2025, 05:32 AM

At Davos, EU vows pragmatism with Trump

A fire at a ski resort hotel in Turkey’s Bolu mountains killed 66 people yesterday and forced panicked guests to jump out of windows in the middle of the night.
21 January 2025, 18:00 PM

Asian markets swing as Trump revives tariff fears on taking office

Markets in Asia and Europe had enjoyed a healthy run-up Monday -- with Frankfurt hitting another record -- on hopes Trump would take a more gradual approach to trade policy, after news of positive talks with Chinese President Xi Jinping added to the optimism
21 January 2025, 06:43 AM

Trump says could impose 25% tariffs on Canada, Mexico on Feb 1

Trump rekindled his threat against the two major US trading partners hours after taking the oath of office -- accusing them of failing to stop illegal immigration and drug trafficking into the United States
21 January 2025, 06:37 AM