Talks ongoing to buy wheat from Russia
Bangladesh yesterday edged closer to finalising a deal over buying 200,000 tonnes of wheat from Russia under a government-to-government contract in order to build up public food stocks to carry out various social safety net programmes.
US tariffs on China over ‘leverage’ in trade talks
US tariffs on Chinese goods offer a key element of leverage over Beijing which Washington should be reluctant to relinquish, the top American trade official said Wednesday.
US recession fears darken outlook for global growth
Manufacturing growth is slowing from Asia to Europe as China’s Covid-19 curbs and Russia’s invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a new threat to the global economy.
Brussels worried about EU countries’ shift back to coal
Brussels and NGOs expressed concerns Tuesday about several EU countries, including Germany, reverting to using coal for power generation as the fall-out from Russia’s war in Ukraine hits energy supplies.
US in talks with allies on Russian oil price cap
The United States is in talks with Canada and other allies to further restrict Moscow’s energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday.
Germany risks recession as gas crisis deepens
Germany faces certain recession if already faltering Russian gas supplies completely stop, an industry body warned on Tuesday, as Sweden joined a growing list of European nations rolling out emergency plans to cope with a deepening energy supply crisis.
Talks ongoing to buy wheat from Russia
Bangladesh yesterday edged closer to finalising a deal over buying 200,000 tonnes of wheat from Russia under a government-to-government contract in order to build up public food stocks to carry out various social safety net programmes.
Norway raises rate to combat inflation
Norway’s central bank announced Thursday a sharper-than-expected interest rate hike and warned of more to come, as policymakers tighten monetary policies worldwide to fight surging inflation.
Canada inflation hits 39-year high
Canadian inflation jumped to 7.7 per cent in May, marking the largest annual increase in prices for goods and services in almost four decades, the government statistical agency said Wednesday.
Recession fear stalks oil, copper and stocks
Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on Thursday as investors weighed the risk of hefty interest rate rises tipping economies into recession.
US Fed chair admits recession a ‘possibility’ after rate hikes
The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession, Federal Reserve Chair Jerome Powell cautioned Wednesday.
Oil extends fall as investors assess recession risks
A retreat in oil prices continued on Thursday as investors reassessed the risks of recession and how fuel demand will be affected by rising interest rates.
SHV Energy to enter local LPG market
Global off-grid energy distributor SHV Energy is set to enter Bangladesh’s growing market for liquefied petroleum gas (LPG) by acquiring local bottler and marketer, Petromax LPG.
US recession fears darken outlook for global growth
Manufacturing growth is slowing from Asia to Europe as China’s Covid-19 curbs and Russia’s invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a new threat to the global economy.
US tariffs on China over ‘leverage’ in trade talks
US tariffs on Chinese goods offer a key element of leverage over Beijing which Washington should be reluctant to relinquish, the top American trade official said Wednesday.
Germany declares gas crisis, blames Russia of "economic attack"
Germany triggered the "alarm stage" of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe's largest economy.