Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further US interest rate hikes that could dampen demand.

Across India’s malls and high streets, the mood at fashion shops is sombre - foot traffic is down, sales are low, and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time.

Bangladesh requires adaptations to cater to the two million annual job entrants amidst the latest geopolitical considerations and climate change, said Abdoulaye Seck, country director for Bangladesh and Bhutan at the World Bank, yesterday.

Sugar prices have risen globally over the last couple of months

Korean envoy calls on BGMEA president

The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months.

Oil prices were marginally lower on Monday as investors stayed fretful over the pace of economic growth in China, and the prospect of further US interest rate hikes that could dampen fuel demand.

Bangladesh’s garment exports to Canada may continue to enjoy duty-free trade benefits after the graduation of the country to a developing nation, said a top businessman.

Maersk Group CEO to meet PM Hasina

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.

China’s investment in artificial intelligence is forecast to reach $38.1 billion (273.9 billion yuan) in 2027, accounting for 9 percent of the world’s total, according to a recent report by market consultancy IDC.

US economic growth, still racing at a potentially inflationary pace as other key parts of the world slow, could pose global risks if it forces Federal Reserve officials to raise interest rates higher than currently expected.

Lubricating oil provider MJL Bangladesh PLC, a listed company, has announced plans to invest Tk 95 crore for business expansion. 

Indian farmers have planted 38.4 million hectares (94.8 million acres) with rice, up 4.3 percent on the same period last year, farm ministry data showed on Friday, as a revival in July monsoon rains and higher prices encouraged growers to boost acreage.

The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progresses made on easing price pressures as well as risks from the surprising strength of the US economy.

The price cap on energy bills for most British households is to fall again, regulator Ofgem announced on Friday, offering mild relief amid the ongoing cost-of-living crisis.

German business sentiment fell for the fourth month in a row in August, a key survey showed Friday, deepening the sense of gloom in Europe’s biggest economy.

The US dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise interest rates further to ensure inflation is contained but promised to move “carefully” at upcoming meetings.

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc’s members is far from certain.

Oil futures climbed about 1 percent to a one-week high on Friday as US diesel prices soared, the number of oil rigs dropped, and a fire broke out at a refinery in Louisiana.