German govt expects another recession in 2024: media

The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth, according to the Sueddeutsche newspaper
7 October 2024, 04:46 AM

Tariff commission suggests halving sugar import duty

The commission recommended NBR cut sugar import duty to 15% from existing 30%
6 October 2024, 13:51 PM

US grants for a feasibility study on temperature-controlled logistics

Bonton Foods has selected Minnesota-based Land O’Lakes Venture37 to conduct the study
6 October 2024, 11:43 AM

EV tariffs are only the first step in EU-China war

After Friday’s narrow vote, the European Commission is still talking with China to see if an alternative to tariffs is possible to address what it sees as the Middle Kingdom’s “injurious” support of its auto sector
6 October 2024, 10:13 AM

Vietnam economy grows 7.4% in third quarter

The growth rate was the result of "adapting effectively to the fluctuations of the global economy and addressing the severe consequences of natural disasters", the General Statistics Office (GSO) said in a statement
6 October 2024, 07:43 AM

Foxconn beats estimates with record third-quarter revenue on AI demand

Revenue for Apple's biggest iPhone assembler jumped 20.2 percent year on year to T$1.85 trillion ($57.3 billion)
6 October 2024, 05:07 AM

China home sales rise after stimulus measures, state media says

More than 50 cities introduced policies to boost the real estate market, while nearly 2,000 developments from more than 1,000 property companies participated in promotions
6 October 2024, 05:02 AM

Global food prices rise at fastest rate since 2022

The FAO Food Price Index reached 124.4 points in September, a three-percent increase from August.
5 October 2024, 11:07 AM

EU states greenlight extra tariffs on EVs from China

Ten member states including France, Italy and Poland supported imposing the tariffs of up to 35.3 percent, coming on top of existing duties of 10 percent
5 October 2024, 09:00 AM

US hiring soars past expectations in sign of resilient market

The world's biggest economy added 254,000 jobs last month
5 October 2024, 07:08 AM

Oil extends gains, jobs report lifts Wall Street

Crude prices rocketed around five percent Thursday when US President Joe Biden said he was "discussing" possible Israeli strikes on Iranian oil sites in retaliation for Tehran's barrage
5 October 2024, 04:47 AM

US trade chief defends tariff hikes when paired with investment

Tai's comments to AFP come a week after sharp tariff increases on Chinese electric vehicles, EV batteries and solar cells took effect
5 October 2024, 04:40 AM

Sri Lanka approves controversial foreign debt deal

President Anura Kumara Dissanayake said his government would honour his predecessor's deal
5 October 2024, 04:33 AM

Cabinet approves new export policy

The policy targets $110 billion export by FY27
3 October 2024, 13:42 PM

How is US dockers' strike affecting international trade?

US dockers launched strike action on Tuesday in 36 ports on the East Coast and Gulf of Mexico. Around half of North America's maritime trade passes through those ports
3 October 2024, 08:22 AM

Climate change, economics muddy West's drive to curb Chinese EVs

The European Parliament is expected to vote Friday on whether to impose hefty tariffs on imported EVs from China -- part of a bid to protect its automotive industry from low-cost, subsidised competition
3 October 2024, 06:19 AM

Samsung says planning job cuts in some Asian operations

The world's largest memory chipmaker is modifying staffing levels in Southeast Asia, Australia, and New Zealand, a company spokesman told AFP, adding that "the adjustments include job cuts"
3 October 2024, 04:55 AM

Why oil price yet to ignite on Middle East escalation?

Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel
3 October 2024, 04:50 AM

Non-resident Bangladeshis can now get up to Tk 10 lakh in bank loans

Repayments will be made from the remittances sent home
2 October 2024, 13:07 PM

Inflation eases in Sep but still above 9%

The consumer price index stood at 9.92%, down from previous month's 10.49%
2 October 2024, 12:23 PM