Global Business | The Daily Star
  • Trump hails economic boom, says China trade deal is ‘close’

    President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs.

  • Trade war endangers 1.5m jobs in US: CA ports study

    The US-China trade war threatens almost 1.5 million jobs across the United States that depend on the movement of goods through ports in southern California, according to a report released Tuesday.

  • Alibaba given OK for huge Hong Kong listing

    Chinese online retail titan Alibaba has been given the go-ahead to list shares in Hong Kong, reports said Wednesday, in what could be the city’s biggest IPO in almost a decade.

  • Frustration, safety fears grip finance firms

    Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralysed the city’s business district for a third day in one of the biggest disruptions faced by the Asian finance hub.

  • Easy access to company data will check stock manipulation

    Chinese stock exchanges ensure every data of listed companies is available to investors in order to guarantee transparency and avoid manipulation, said a top official the Shenzhen Stock Exchange (SZSE).

  • Regulators begin probe into Google-Ascension cloud computing deal

    A US federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc’s Google and Ascension Health which would give Google access to detailed health information of millions of patients, the Wall Street Journal reported on Tuesday.

  • Unilever appoints Andersen as new chairman

    Unilever on Wednesday named non-executive director Nils Andersen as its new chairman, appointing an executive with deep experience across consumer goods and logistics industries to help the Dove soap maker navigate a dip in emerging market sales growth and fix its foods business.

  • Datasoft, eGeneration win global awards

    Local tech firm Datasoft Manufacturing and Assembly (DMA) Inc won the outstanding ICT company award from the Asian-Oceanian Computing Industry Organisation (ASOCIO) for its Bangabandhu Hi-Tech City plant.

  • Chinese takeover marks new chapter in history of British Steel

    A Chinese buy-out marks a new chapter in the tumultuous history of steelmaking in the United Kingdom, which has been characterised by nationalisation, privatisations and recurring crises.

  • Growth in global oil demand to slow from 2025: IEA

    Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday.

  • ‘Made in Germany’: Tesla sets up shop in Berlin

    US electric vehicle pioneer Tesla will build its first European factory and design center near Berlin to produce cars “Made in Germany” as it seeks to burnish its reputation for reliability and sporting prowess.

  • UK inflation falls faster than expected in October

    British annual inflation dropped faster than expected in October to a near three-year low at 1.5 percent as lower energy prices offset rising prices for clothes, official data showed Wednesday.

  • Toshiba reports best profit in two years

    Japan’s Toshiba Corp posted its highest quarterly profit in two years on Wednesday and said it will buy out three of its listed subsidiaries as the industrial conglomerate moves on from accounting scandals and a management crisis.

  • New Zealand holds off further cuts to record low rates

    New Zealand’s central bank held interest rates at a record low on Wednesday but said it was ready to step in with stimulus to support the struggling economy.

  • Indonesia economy slows as commodity price slump bites

    Indonesia posted another quarter of slowing growth Tuesday, its weakest pace in two years, as Southeast Asia’s biggest economy feels the sting of slumping commodity prices.

  • Australia keeps interest rates on hold

    Australia’s central bank on Tuesday kept interest rates on hold at a record low, with governor Philip Lowe saying the economy was showing signs of life after three cuts this year.

  • China’s services sector growth slips to eight-month low

    China’s services sector activity expanded at its slowest pace in eight months in October as new orders slowed and business confidence hit a 15-month low, a private survey showed on Tuesday.

  • Xi pledges wider market access, free-trade deals

    President Xi Jinping on Tuesday pledged to further open China’s economy, declaring the world must “knock down walls” as he opened an annual trade fair against the backdrop of the US tariffs war.

  • India firms, farmers applaud Modi move to reject RCEP trade deal

    Indian farmers and businesses Tuesday hailed Prime Minister Narendra Modi’s decision to opt out of a sprawling Asian trade pact, with the country’s largest dairy producer Amul thanking the premier for “supporting livelihoods”.

  • Oil prices rise on positive economic data

    Oil prices rose on Tuesday on positive economic data and hopes for a Washington-Beijing trade deal that will lead to a de-escalation in tensions between the world’s top economies.

  • India’s October services activity contracts for second straight month

    Activity in India’s dominant services industry contracted for a second consecutive month in October due to muted demand, a private business survey showed on Tuesday, driving business optimism to a near-three year low.

  • China presses Trump for more tariff roll-backs in ‘phase one’ trade deal

    China is pushing US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal, people familiar with the negotiations said on Monday.

  • French govt drops 2020 tourism target

    The French government has abandoned its goal of welcoming 100 million foreign visitors in 2020, blaming the impacts of months of anti-government protests and Britain’s looming exit from the EU, the finance ministry said Tuesday.

  • Risk of contagion in India’s financial sector rising: rating agencies

    There is rising risk of contagion in India’s banking sector with many finance companies having lost more than half of their equity value in the past year, rating agency Standard & Poor’s said on Wednesday.

  • Bangladesh close to digital revolution

    Bangladesh is on the cusp of digital revolution as both public and private sectors are increasingly embracing informational communication technologies and solutions, said a leading businessman in the sector.

  • Zuckerberg faces grilling on digital currency plans

    Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.

  • China offers tariff-free quota for 10m tonnes of US soybean purchases

    Beijing on Tuesday offered major Chinese and international soybean processors waivers that would exempt the companies from steep tariffs on imports of up to 10 million tonnes of US soybeans, according to two people briefed on the matter

  • US existing home sales fall

    The short supply of housing in the United States pushed prices up sharply in September, causing sales of existing homes to drop, according to new industry figures released Tuesday.

  • Japan’s automakers race for super-small electric vehicles

    As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible.

  • India’s $8b plan to revive state telecom firms

    India announced an almost $8 billion plan on Wednesday to help loss-making state telecom providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd catch up with private competitors, including a merger of the two companies.

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