Global Economy
UAE’s AD Ports Group to invest $1 billion to develop Ctg port
The Chittagong Port Authority signs MoU with the Abu Dhabi-based company
US consumer inflation eases slightly in April, sending stocks higher
The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
Japan economy suffers worse-than-expected contraction of 0.5%
Gross domestic product in the world's number four economy shrank by 0.5 percent against market expectations of a drop of only 0.3 percent
What will be the repercussions of Biden's new China tariffs?
Despite targeting $18 billion in imports across new and already targeted sectors, analysts do not expect a major economic impact, assuming Beijing does not retaliate significantly
Islamic banks lose Tk 8,496 crore deposits in a month
Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose
Semiconductor makers have potential to earn $10 billion by 2041: Palak
Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.
Bangladesh’s outlook remains bright despite global uncertainty
Says HSBC’s chief economist for Asia
Analysis / Biden's new China tariff wall faces leakage via Mexico, Vietnam
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of US manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them
Argentina: Yearly inflation at almost 300%
The monthly inflation rate rose at 8.8 percent, compared to 11 percent in March
Steel prices set to rise in Bangladesh: analysts
The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit
Uber to buy Foodpanda Taiwan
The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.
US to raise tariffs on $18 billion of China imports including chips
The United States is hiking tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday
Sony net profit dips on-year but beats estimate
On Tuesday, Sony logged a net profit of $6.2 billion for 2023-24
IMF endorses Japan's commitment to flexible yen
IMF said Japan's commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability
'Significant' China response to US tariffs possible: Yellen
Beijing could possibly issue a "significant" response to US tariffs on Chinese goods, Treasury Secretary Janet Yellen said Monday when asked about the prospect of fresh levies
China overtakes US to become India’s top trading partner
China has regained its position as India’s largest trading partner overtaking the US after two years, according to Indian media reports
BD-Turkey can be trade gateways between Europe, South & SE Asia
Turkish business leaders discussed bilateral trade potential with FBCCI president
Reserves fall below $19 billion, first time in 11 months
$1.63 billion of ACU payment was settled today
