15m ago| Business

Bangladesh to get $250 million from AIIB as budget support

The Asian Infrastructure Investment Bank (AIIB) has agreed to give $250 million in loan as budget support to implement the Strengthening Social Resilience Programme (sub-programme 2).

26m ago| Business

‘Next 10 years crucial for Bangladesh to fight climate change, poverty’

The next ten years are crucial for Bangladesh to prepare, adapt and transform societies, economies and all ecosystems as the world is now facing triple and interconnected crises: the climate emergency, rapid damage to biodiversity and extreme poverty, FBCCI President Md Jashim Uddin said.

1h ago| Business

Leather goods export to hit $10 billion by 2030: Munshi

Leather and leather goods export from Bangladesh will rise by 10 times to $10 billion by 2030 from the existing $1 billion, Commerce Minister Tipu Munshi said today.

4d ago| Global Economy

Price cap won't curb demand for Russian oil: Kremlin

AFP, Moscow.The Kremlin Saturday said it would "not accept" a price cap on Russian oil agreed by the EU, G7 and Australia towards limiting Moscow's funds for the Ukraine offensive, Russian news agencies reported.."We will not accept this price cap," Kremlin spokesman Dmitry Peskov to

4d ago| Global Economy

G7, Australia agree $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.

5d ago| Indian

India economy likely to grow 6.5pc-7pc

The Indian economy is likely to grow 6.5 per cent to 7 per cent next fiscal year if the global environment does not worsen, a member of the prime minister’s economic advisory council said on Thursday, giving a higher estimate than some economists.

December 4, 2022
December 4, 2022

Energy crisis driving climate-friendly power savings: IEA

Russia’s invasion of Ukraine has driven countries across the world to boost energy efficiency, creating  “huge potential” to tackle high prices, security and climate change, the IEA said on Friday.

December 3, 2022
December 3, 2022

Europe can't look to US shale to fill any OPEC gap

US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world's largest producer, but now they are running out of runway.

December 3, 2022
December 3, 2022

Price cap won't curb demand for Russian oil: Kremlin

AFP, Moscow.The Kremlin Saturday said it would "not accept" a price cap on Russian oil agreed by the EU, G7 and Australia towards limiting Moscow's funds for the Ukraine offensive, Russian news agencies reported.."We will not accept this price cap," Kremlin spokesman Dmitry Peskov to

December 3, 2022
December 3, 2022

G7, Australia agree $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.

December 2, 2022
December 2, 2022

IMF chief sees higher chance of global growth below 2 per cent in 2023

International Monetary Fund Managing Director Kristalina Georgieva said on Thursday the chance of global growth falling below 2 per cent next year was increasing due to continued effects of the war in Ukraine and simultaneous slowdowns in Europe, China and the United States.

December 2, 2022
December 2, 2022

EU discussing Russian oil price cap at $60/barrel

Representatives of European Union governments were discussing on Thursday a price cap on Russian seaborne oil at $60 per barrel, with a review every two months, yielding to pressure from some countries to lower the cap, diplomats said.

December 2, 2022
December 2, 2022

Unemployment in Eurozone drops to record low

Unemployment in the eurozone has dropped to a record low, at 6.5 per cent in October, the EU’s Eurostat statistics office said Thursday.

December 2, 2022
December 2, 2022

India economy likely to grow 6.5pc-7pc

The Indian economy is likely to grow 6.5 per cent to 7 per cent next fiscal year if the global environment does not worsen, a member of the prime minister’s economic advisory council said on Thursday, giving a higher estimate than some economists.

December 2, 2022
December 2, 2022

US consumer spending solid in October

US consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it navigates a high interest rate environment.

December 2, 2022
December 2, 2022

German parliament votes to ratify CETA with Canada

Germany’s Bundestag lower house of parliament voted by a majority on Thursday to back the ratification of the European Union’s free trade agreement with Canada, five years after it provisionally went into force.