Global Economy
Tesla wins key China security clearance during Musk visit
Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday
Exclusive / China firms go 'underground' on Russia payments as banks pull back
The US has imposed an array of sanctions on Russia and Russian entities since the country invaded Ukraine in 2022.
Banks asked to increase forex inflow
Bangladesh Bank today sat with five leading private commercial banks
29 companies honoured with green factory awards
The Department of Inspection for Factories and Establishments gave the awards
National Bank continues incurring losses
It made a loss of Tk 1,497 crore in 2023, down from Tk 3,285 crore in 2022
US Fed's favored inflation measure accelerates, dimming rate cut hopes
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
EU toughens safety rules for online retailer Shein
The company joins Facebook, TikTok, X, YouTube and others on a list of "very large online platforms" which have more than 45 million monthly active users in the European Union
BASIC Bank employees want merger with another state bank
They submitted a memorandum to Bangladesh Bank governor
IMF lowers Bangladesh’s economic growth forecast
Bangladesh economy to grow 5.7% in FY24, the lender says
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10 percent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.
BB gets five merger proposals from banks
No new proposal will be accepted before the completion of the five, BB says
Oil slips as risk premium eases after Iran attack
Oil prices slipped by about 1 percent on Monday, with the market downplaying the risk of broader regional conflagration after Iran's weekend attack on Israel.
US growth may be a global boon, but inflation could derail the train
The data registered quickly in markets that lowered the outlook for a Fed monetary easing, something global officials no doubt have noticed ahead of discussions this week that may center on whether the world's post-pandemic bout of inflation and tight monetary policy is ending, or simply on hold until it is clear what happens in the US
Southeast Asia 'woefully off track' on green investment, Bain says
While green investment grew 20% last year, it is way short of the $1.5 trillion required this decade, and emissions in the 10 countries in the region could overshoot their 2030 pledges by 32% if they continue on their current trajectory, it warned.
Oil seen opening up after Iran's attack on Israel
But further gains may depend on response, analysts say
IMF confirms Kristalina Georgieva for second 5-year term
The IMF executive board confirmed Friday that it had reappointed Kristalina Georgieva to serve for a second five-year term at the helm of the international financial institution
