1d ago| Europe

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.  

1d ago| America

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.

1d ago| America

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.

2d ago| Europe

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.

3d ago| Europe

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.

3d ago| Europe

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.

June 24, 2022
June 24, 2022

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.  

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 24, 2022
June 24, 2022

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.

June 23, 2022
June 23, 2022

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.