Biden's precise industrial policy may soon mutate

Two years into the US government’s attempt to lure manufacturing of semiconductors and renewable energy back home, the president’s top national security aide, Jake Sullivan, offered a defense of his boss’s major economic choices.
27 October 2024, 10:32 AM

Indonesia bets on SE Asia's first battery plant to become EV hub

Hyundai said the new factory was a commitment to helping the archipelago become a supercharged Southeast Asian EV maker
27 October 2024, 04:56 AM

China's second-generation factory owners go digital to combat challenges

Qiu has set up a marketing business that directly connects factories with foreign audiences, through videos posted on Instagram and TikTok, which in China can only be accessed using a VPN.
27 October 2024, 04:51 AM

Debt rule tweak can help UK avoid moron premium

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.
26 October 2024, 11:06 AM

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation
26 October 2024, 05:49 AM

Moody's cuts France outlook, opening door to credit downgrade

Moody's said the fiscal deterioration it has seen is "beyond our expectations and stands in contrast with governments in similarly rated countries that are tending to consolidate their public finances."
26 October 2024, 05:44 AM

Russia hikes interest rates to 20-year high

The increase takes rates above an emergency level introduced in February 2022 -- just after Moscow ordered troops into Ukraine -- to their highest since 2003, with the regulator battling to stem the economic fallout of the conflict
26 October 2024, 05:39 AM

Bangladesh may not regain US GSP soon

Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.
24 October 2024, 19:51 PM

New administrator forms 10-member panel to run BGMEA

They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir
24 October 2024, 15:55 PM

Unilever beats third-quarter underlying sales estimate

The consumer goods giant said on Thursday it was keeping its full-year outlook for 3-5 percent underlying sales growth and an underlying operating margin of at least 18 percent
24 October 2024, 07:02 AM

US fines Apple and Goldman Sachs over Apple Card

Apple failed to send tens of thousands of customer disputes about credit card transactions to Goldman Sachs, and when it did the bank did not follow federal requirements for investigating claims, the bureau said
24 October 2024, 04:57 AM

Boeing workers reject contract, extend strike: union

64 percent of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X
24 October 2024, 04:53 AM
23 October 2024, 14:51 PM

US remains engine of global growth in latest IMF forecasts

IMF raised its 2024 and 2025 economic growth forecasts for the US - the only developed economy to see its outlook marked up for both years
23 October 2024, 05:08 AM

IMF lowers China 2024 growth forecast, warns property woes 'could worsen'

China's leaders are targeting annual growth of five percent this year -- a goal challenged by weak consumption and a prolonged and debilitating debt crisis in the colossal property sector
23 October 2024, 04:58 AM

US unveils funding for chip industry firm in battleground Michigan

The latest $325 million in proposed funds under the CHIPS and Science Act -- a package of incentives to boost research and US semiconductor production -- goes towards polysilicon manufacturer Hemlock Semiconductor
22 October 2024, 04:57 AM

Britain seeking EU trade reset: minister

Trade minister Douglas Alexander said Britain's 2016 vote to leave the EU caused "significant disruption" to its trade policy and the country needed to recalibrate its global trade outlook
22 October 2024, 04:51 AM

Trade through Benapole to remain suspended for 4 days until Oct 24

The suspension was imposed, as Indian minister will open a terminal at Petrapole on October 24
21 October 2024, 15:22 PM

LafargeHolcim sees drop in sales, profit

Sales fell 2% while profit 45%
21 October 2024, 14:38 PM

India's garment exports surge 17.3% in September amid Bangladesh crisis: report

The growth comes despite global challenges such as inflation and supply chain disruptions, which have impacted other major garment-exporting nations, the report states
21 October 2024, 10:15 AM