Global Business | The Daily Star
  • China's coal output hits highest in over three years

    China's December coal output climbed 2.1 percent from the year before, government data showed, hitting the highest level in over three years as major miners ramped up production amid robust winter demand and after the country started up new mines.

  • European power firms aim to harness electric car batteries

    Ever wanted to run your electric car for free? If you're open to a bit of give and take, then stay plugged in and your wishes might come true. At least that's what some European power companies and Japanese carmakers believe.

  • Novoair gets safety rating from int’l agency

    Novoair received three stars from Airline Ratings for its safety standards, a first for a local private airline.

  • Big Korean firms to invest in Bangladesh: Kamal

    The Korea International Cooperation Agency’s (Koica) president has assured Finance Minister AHM Mustafa Kamal that large Korean companies including Samsung, Hyundai, Daewoo, LG will invest in Bangladesh.

  • IMF lowers growth forecast for Saudi Arabia, region

    The International Monetary Fund on Monday lowered its 2019 economic growth forecast for Saudi Arabia and the region over low oil prices and crude output along with rising geopolitical tensions.

  • Wilmar, Adani sign deal with govt to invest $350m

    Singapore-based Wilmar and India's Adani Group will invest $400 million in a joint venture to establish an industrial park in the Mirsarai economic zone to produce agro-based foods and allied products.

  • China growth hit slowest pace in decades in 2018

    China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said, as the government struggles to contain ballooning debt and a bruising trade war with the United States.

  • US regulators discuss fining Facebook for privacy violations

    US regulators have met to discuss imposing a fine against Facebook Inc for violating a legally binding agreement with the government to protect the privacy of personal data, the Washington Post reported on Friday, citing three people familiar with the discussions.

  • Testing times from Beijing to Wall Street

    If you were surprised by this month's bounce in global stock markets, next week may tell you if you should join in or stay out.

  • US demands regular review of China trade reform

    The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations.

  • RBI needs to ensure stability

    The head of the Reserve Bank of India (RBI) said on Friday he would take the steps necessary to maintain financial stability in the country and help create favourable conditions for growth.

  • China, Germany to boost financial sector cooperation

    China and Germany on Friday signed a series of agreements to strengthen cooperation in banking and financial sector supervision, as Beijing moves to open up the country's financial markets.

  • No breakthrough in US-China trade talks

    White House economic adviser Larry Kudlow has played down reports of a breakthrough in US-China trade talks, but said progress had been made.

  • Warm weather slows US industrial output

    Unseasonably warm weather in December held down Americans' use of gas and electricity, weighing on US industrial production for the month, the Federal Reserve reported Friday.

  • Apple ordered to pull part of press release in Qualcomm case

    Apple Inc has been ordered by a German court to stop using part of a press release claiming all iPhones would be available in the country through carriers and resellers, a copy of the ruling seen by Reuters showed.

  • UK retail sales drop in December

    British retail sales fell in December as consumers held onto their cash after snapping up discounted Christmas gifts the previous month, official data showed Friday.

  • Canada ended 2018 with 2pc inflation

    Canadians paid 2.0 percent more for goods and services in December than a year earlier, the government statistical agency said Friday.

  • Japan consumer prices rose sluggish 0.9pc last year

    Japanese consumer prices rose a sluggish 0.9 percent last year, according to government data published Friday, as the world's third-largest economy continues its years-long battle to stoke weak inflation.

  • Job jitters mount as China's factories sputter ahead of Lunar New Year

    Wang Zhishen was thrilled when Danish shipper A.P. Moller-Maersk gave him two months' paid leave, relishing the chance to spend time with his wife and daughters in China's remote northwestern Gansu province.

  • Pound set for biggest weekly gain vs euro

    The pound weakened on Friday as investors took profits after a stellar rally that set the currency up for its biggest weekly gain against the euro in more than a year on growing confidence that a no-deal Brexit can be avoided.

  • A month into US govt shutdown, the economy blinks first

    After four weeks, the partial shutdown of the US government has begun to rattle the world's largest economy, particularly hitting consumer sentiment, a mainstay of growth.

  • British banks soldier on thru’ murky waters

    British banks swerved heavy share price losses in early trading on Wednesday, hours after a parliamentary vote on Prime Minister Theresa May's Brexit deal returned the most blistering defeat for a UK government in almost a century.

  • Pound higher, top stocks retreat

    The British pound firmed against the dollar and euro Wednesday, and London stocks dropped, as traders awaited a confidence vote on British Prime Minister Theresa May's government after parliament voted massively against its Brexit deal.

  • Marketing spending growth hits wall at UK companies: survey

    A six-year run of marketing spending growth at British companies ended in the final quarter of 2018 as uncertainty over Britain's impending exit from the European Union led companies to clamp down on costs, a survey showed on Wednesday.

  • Sri Lanka asks IMF to revive $1.5b bailout

    Sri Lanka has appealed to the International Monetary Fund to revive a $1.5-billion bailout suspended during the island nation's political crisis late last year, the finance ministry said Wednesday.

  • What privacy means to me

    Like most people, I am concerned about my online privacy and that of the people who use our app on a daily basis.

  • Vietnam's newest airline Bamboo takes first flight

    Vietnam's newest commercial carrier Bamboo Airways took flight Wednesday, officially entering Southeast Asia's crowded aviation sector where it will face stiff competition from established players.

  • Japan's November machinery orders stall

    Japan's core machinery orders slowed sharply in November in a sign corporate capital expenditure could lose momentum as a bruising US-China trade war spills into the global economy.

  • New retail tools aim to solve e-commerce profit dilemma

    Conventional wisdom in the Amazon era holds that the lowest price wins the battle of the retailers, leading many to just about give away items to make a sale.

  • Oil steady on supply optimism

    Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that Opec-led production cuts will tighten supply and that possible Chinese stimulus might help the global economy.