OECD lowers global growth projections over tariffs, uncertainty

"We are navigating troubled waters," said the OECD's chief economist Alvaro Santos Pereira
17 March 2025

China looks to boost consumption amid consumer squeeze

The plan was issued to all regions and departments to "vigorously boost consumption, expand domestic demand in all directions, improve consumption capacity by increasing income and reducing burdens," a report from the Council said.
16 March 2025

Trump's bitcoin reserve a 'digital Fort Knox'

Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to "a digital Fort Knox", comparing it to the stockpiling of gold bars at the US military base
16 March 2025

Shein says US tariff hit won't stop fast-fashion flood

The head of the online platform, which has come in for scrutiny over its environmental footprint and allegations of human rights violations, also insisted that the company does not use forced labour.
16 March 2025

US Fed likely to keep rates steady as Trump uncertainty flares

Analysts widely expect the central bank to hold the benchmark lending rate steady at 4.25 percent to 4.50 percent, after similarly doing so in January
16 March 2025

EU’s big Starlink headache is time, not money

As things stand it doesn’t look like Musk will imminently axe Ukraine’s Starlink access, which is part funded by Poland.
15 March 2025

US consumer confidence plunges again in March: study

An index measuring consumer confidence compiled by the University of Michigan fell to 57.9 in March, down from 64.7 a month earlier, weighed down by the seeming chaos of Trump's tariff policy and fears of high inflation.
15 March 2025

Moody’s cuts banking outlook to negative

Moody’s Ratings has downgraded Bangladesh’s banking system outlook from “stable” to “negative”, citing rising asset risks and worsening economic conditions.
12 March 2025

No more advance tax on import of cancer drug raw materials

The National Board of Revenue (NBR) has exempted advance tax on the import of raw materials used to manufacture cancer drugs, according to a notification issued earlier this month.
11 March 2025

US stock market loses $4 trillion in value as Trump pushes ahead with tariffs

A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China.
11 March 2025

India withdraws export ban on 100% broken rice

The world’s largest rice exporter has revoked the ban to reduce its domestic stockpile
11 March 2025

China-US trade war heats up as Beijing's tariffs take effect

After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.
10 March 2025

Vessels face delays as feud over handling charges drags on

CPA seeks shipping ministry’s intervention
9 March 2025

WTO chief calls for calm amid mounting trade war

The WTO chief called for calm Friday in the face of a swelling global trade war as US President Donald Trump slaps steep tariffs against friends and foes alike.
8 March 2025

Sri Lanka signs $2.5bn debt deal with Japan

Japan said it was granting concessions on a 369.45 billion yen ($2.5 billion) loan under a comprehensive debt treatment plan
8 March 2025

China's exports start year slow as US trade war intensifies

Over a month into his second term as US president, Donald Trump has slapped sweeping tariffs on the export-dependent nation, citing Beijing's failure to stem fentanyl flows as justification.
8 March 2025

China's goals for 2025: five things to know

China has set an economic growth target of around five percent for 2025, broadly in line with analysts' expectations.
5 March 2025

Malaysia signs deal with Arm to bolster chip ambitions

Malaysia is a key player in the vital chips sector but has been largely focused on packaging, assembly and testing services -- the lower end of the market
5 March 2025

China ramps up stimulus to guard economy from changes 'unseen in a century'

The trade war with US President Donald Trump's administration is threatening China's economic jewel, its sprawling industrial complex
5 March 2025

How a key ingredient in Coca-Cola, M&M's is smuggled from war-torn Sudan

Sudan produces around 80 percent of the world's gum arabic, a natural substance harvested from acacia trees that's widely used in mass-market products including L'Oreal, lipsticks and Nestle, petfood
5 March 2025