Trade wars sparked by Trump tariffs would be 'catastrophic', WTO chief says

WTO Director-General Ngozi Okonjo-Iweala, a former Nigerian finance minister, starts her second term as head of the global trade watchdog this year at a time when Trump's tariff threats have raised the spectre of trade wars
25 January 2025, 04:59 AM

Musk bashes Trump-backed AI mega project

The comments marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.
23 January 2025, 05:27 AM

Bangladesh eyes fruit imports, trade boost with Pakistan

Business delegations of the two nations sat in a meeting today at the FBCCI
22 January 2025, 14:40 PM

Govt preparing SME Policy 2025: SME Foundation chairperson

The five-year SME Policy is scheduled to come into effect in July this year and end in June 2030
22 January 2025, 13:34 PM

RMG exports to EU rise by 2.99% in Jan-Nov

In the 11 months, Bangladesh shipped garments worth $18.15 billion, second highest after China
22 January 2025, 12:34 PM

BSTI to issue temporary clearance certificates for industrial raw materials

The clearance will be issued on a consignment basis under certain conditions
22 January 2025, 11:50 AM

Trump says EU 'in for tariffs', warns of 10% rate on China

Trump, who was speaking to reporters at the White House a day after being sworn in, cited the need to rectify the EU's trade imbalances with the United States while taking aim once again at Beijing over fentanyl trafficking.
22 January 2025, 05:32 AM

Thousands of workers demand reopening of 16 Beximco factories

Thousands of workers held a mass rally yesterday in Gazipur, demanding the reopening of all 16 factories which were shut down within the Beximco Industrial Park.
21 January 2025, 18:00 PM

Asian markets swing as Trump revives tariff fears on taking office

Markets in Asia and Europe had enjoyed a healthy run-up Monday -- with Frankfurt hitting another record -- on hopes Trump would take a more gradual approach to trade policy, after news of positive talks with Chinese President Xi Jinping added to the optimism
21 January 2025, 06:43 AM

Trump says could impose 25% tariffs on Canada, Mexico on Feb 1

Trump rekindled his threat against the two major US trading partners hours after taking the oath of office -- accusing them of failing to stop illegal immigration and drug trafficking into the United States
21 January 2025, 06:37 AM

Bitcoin hits record above $109,000 awaiting Trump

Bitcoin surged to reach an all-time peak of $109,241 ahead of Trump's inauguration ceremony.
20 January 2025, 07:45 AM

Top Beijing official urges Musk to deepen ties with China: state media

Han -- who is set to attend the inauguration of US President-elect Donald Trump later on Monday -- met with Musk and other American business representatives on Sunday, Xinhua said.
20 January 2025, 05:35 AM

Trump and associates' share of new cryptocurrency soars to more than $38 bn

Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend on Saturday, in a post on his Truth Social platform and X.
20 January 2025, 05:31 AM

Businesses in Malaysia brace for impact with minimum wage hike on Feb 1

Particularly affected are food court operators, coffee shop owners and vegetable farmers as they typically employ more foreign workers compared with other industries
19 January 2025, 07:51 AM

US to see rising debt, deficit in next decade: budget office

Trump has vowed to take quick action to hike tariffs on imports -- cast as a potential way to boost revenues -- while his Treasury secretary pick took aim this week at federal spending
19 January 2025, 05:33 AM

Plot allocation in Patuakhali EPZ will begin in early 2026

Secretary to the Chief Adviser’s Office says after visiting the EPZ
18 January 2025, 11:54 AM

'No money': gloom on Beijing streets as economic growth slows

Government data on Friday showed the economy grew by five percent in 2024, hitting a much-touted government target but its lowest since 1990 with the exception of the Covid-19 pandemic years.
18 January 2025, 10:09 AM

IMF raises global growth outlook and flags rising economic divergence

In an update to its flagship World Economic Outlook report, the International Monetary Fund said it expects global growth to hit 3.3 percent this year, up 0.1 percentage point from its previous forecast in October, and to remain at 3.3 percent in 2026.
18 January 2025, 05:17 AM

Canada vows 'Trump tax' on US in response to tariffs: minister

"This would be the biggest trade war between Canada and the US in decades," Foreign Minister Melanie Joly said
18 January 2025, 05:11 AM

US Treasury to take 'extraordinary measures' to avoid debt default

With the government reaching its borrowing limit, the department would start making the moves on Tuesday, the day after the inauguration, Yellen said in a letter to congressional leaders.
18 January 2025, 05:05 AM