Poorest countries face highest debt burden for 18 years: World Bank

"There is much that low-income economies can -— and must -— do for themselves," the World Bank's deputy chief economist, Ayhan Kose, said in a statement
14 October 2024

Vietnam, China to expand rail links, cross-border payments

The two sides also signed a memorandum of understanding (MoU) on the implementation of cross-border payment services via QR codes and an agreement to study a model for an "economic cooperation zone" across their border
13 October 2024

Amazon wants to be everything to everyone

Innovations unveiled in recent days by the Seattle-based tech titan included a delivery van computer system to shave time off deliveries by its speed-obsessed logistics network
13 October 2024

China consumer prices rise at slower rate in September

The consumer price index (CPI), a key measure of inflation, rose 0.4 percent year-on-year in September, down from the 0.6 percent recorded in August, the National Bureau of Statistics (NBS) said
13 October 2024

US firms brace for more tariffs as election approaches

US tariffs weigh on many industries. The American Apparel & Footwear Association (AAFA) estimates retail prices have risen five percent to 10 percent annually since 2020
13 October 2024

Tariffs, tax cuts, energy: What is in Trump's economic plan?

Ahead of November's election, economists warn his policies could raise consumer prices and shake up global trade -- with unclear benefits to US production
13 October 2024

UK economy returns to growth in August after two months of stagnation

Economic output rose by 0.2 percent in monthly terms in August, according to figures from the Office for National Statistics that were in line with expectations in a Reuters poll of economists
12 October 2024

Russia sets price floor for wheat at international tenders, sources say

Russia's Grain Exporters Union said in a statement after the meeting the ministry also told exporters to engage in direct deals with buyers without third parties, as well as not to provide Russian grain to foreign firms that won international tenders below the new price floor
12 October 2024

Working from home is powering productivity

Working from home (WFH) increased about tenfold following the outbreak of the pandemic and has settled in at about five times its prepandemic level
12 October 2024

IMF board approves changes to cut borrowing costs by 36%

The suite of changes agreed to by the International Monetary Fund's executive board include adjustments to the surcharges paid by countries with high levels of debt, like Ukraine and Argentina, the Washington-based institution announced in a statement
12 October 2024

Boeing to cut 10% of workforce as it sees big Q3 loss

The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."
12 October 2024

China says will issue special bonds to boost ailing economy

The measures, announced at a highly anticipated press conference by Finance Minister Lan Fo'an and other officials, came on top of a series of steps announced over the last weeks
12 October 2024

Climate action not a burden, but an opportunity for businesses: energy adviser

Bangladesh Apparel Exchange organised the second edition of Bangladesh Climate Action Forum 2024 today
10 October 2024

Chinese electric car companies cope with European tariffs

MG, an historic British company that is now a subsidiary of Shanghai SAIC, now faces EU duties of 35.3 percent
10 October 2024

Oil prices rise on US storm, fears of Israel-Iran conflict

US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"
10 October 2024

German govt sees economy shrinking again in 2024

Output is expected to shrink by 0.2 percent in 2024, the economy ministry said in a statement
10 October 2024

China opens $71 bn 'swap facility' to boost markets

The news lit a fire under mainland and Hong Kong equities on renewed hopes that officials would finally get a grip on the issues that have dogged the economy for years
10 October 2024

Merchant marine officers’ body demands overall reform in maritime sector

Bangladesh Merchant Marine Officers’ Association made the call in a press briefing
9 October 2024

Neither precedent nor Trump can save Big Tech

After losing a jury trial against game store Epic Games in December, a judge has now ruled that Google must open a key piece of its Android smartphone operating system
9 October 2024

Exports grow 5% in Jul-Sep

Bangladesh shipped $11.37 billion worth of merchandise in the first quarter
9 October 2024