Russia’s economy proved unexpectedly resilient in the face of tough Western sanctions last year, but a return to pre-conflict levels of prosperity may be far off as more government spending is directed towards the military.

The US economy grew slightly less than reported in the final three months last year, the Commerce Department said Thursday, citing a downward revision to consumer spending.

Banga is Indian-American and currently serving as vice chairman at equity firm General Atlantic

The event titled ‘Showcase Korea 2023’ will be organised by the South Korean embassy, the Korea-Bangladesh Chamber of Commerce and Industry and Korean community in Bangladesh

"In the fall many were worried about a sharp economic slowdown across the world. The challenges we face are real and the future is always uncertain but the outlook has improved," she said

Iraq’s central bank said on Wednesday it planned to allow trade from China to be settled directly in yuan for the first time, in an attempt to improve access to foreign currency.

German business morale improved in February for the fourth consecutive month, adding to signs that Europe’s largest economy is recovering despite the energy crisis and high inflation, a survey said on Wednesday.

Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. Western brands may have left the country, but their goods haven’t.

Pakistan’s parliament has given the go-ahead for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.

India’s imports of Russian steel rose to an eight-year high during the first 10 months of the financial year that began in April 2022, government data compiled by Reuters showed.

Economic growth in the eurozone accelerated in February and hit a nine-month high, according to the closely watched S&P PMI output index.

The Russian economy contracted by 2.1 percent last year, the government’s statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow’s military intervention in Ukraine better than expected.

One of Vietnam’s largest shoe manufacturers for major brands such as Nike and Adidas will cut thousands of workers at the end of the month due to a slump in orders, according to local authorities.

Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90 per cent from last year as the rupee’s depreciation slowed down imports, the central bank said on Monday.

The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data reinforced market expectations of tighter monetary policy from the Federal Reserve.

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.

Reckitt Benckiser (Bangladesh) PLC made a profit of Tk 65.91 crore in the year that ended on December 31, down 18.44 per cent year-on-year.    

Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022

Wholesale prices in the United States picked up more than expected in January, according to Labor Department data released Thursday, bumped up by goods costs and fueled by higher gasoline prices.

The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged loan, which would also support the country’s bid to join the European Union.