Global Economy

Global Economy

Boeing warns Q4 loss bigger than expected on costs from labor strike

The US aviation giant projected a loss of $5.46 per share, much above the $1.55 foreseen by analysts, according to a profit warning that cited the costs of a new labor agreement, among other factors.

2h ago

US Fed prepares to pause in first rate decision since Trump's inauguration

The Fed cut its key lending rate by a full percentage point in the last four months of 2024 and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of two percent

2h ago

Govt signs LNG deal with US firm

The government has signed a heads of agreement (HOA) with the US-based Argent LNG to import up to 5 million tonnes of liquefied natural gas per year for 20 years.

12h ago

Trump tells elites: produce in US or pay tariffs

US President Donald Trump issued a blunt warning to global elites in a video appearance at the World Economic Forum in Davos on Thursday: Make your products in the United States or pay tariffs.

13h ago

Trade wars sparked by Trump tariffs would be ‘catastrophic’, WTO chief says

The World Trade Organization chief said on Thursday that any tit-for-tat trade wars prompted by US President Donald Trump’s tariff threats would have catastrophic consequences for global growth, urging states to refrain from retaliation.

13h ago

Kamalapur ICD looking for an operator for five years

Tender has been floated, as the previous contract with Saif Powertec is set to end next month

18h ago

Renata’s sales grow 12%, but profit plunges 35%

Higher wages and currency depreciation caused the profit to fall

19h ago

Trade wars sparked by Trump tariffs would be 'catastrophic', WTO chief says

WTO Director-General Ngozi Okonjo-Iweala, a former Nigerian finance minister, starts her second term as head of the global trade watchdog this year at a time when Trump's tariff threats have raised the spectre of trade wars

1d ago

Trump’s tariff threats are ‘leverage’

Donald Trump’s recent threat to impose 25 percent tariffs on Canada and Mexico is a negotiating tactic, the president’s long-time informal economic advisor argued Wednesday.

2d ago

Solar power surpasses coal in EU for first time

Solar overtook coal in the European Union’s electricity production in 2024, with the share of renewables rising to almost half the bloc’s power sector, according to a report released Thursday.

2d ago

Musk bashes Trump-backed AI mega project

The comments marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.

3d ago

Sri Lanka’s inflation dropped to minus 2% in December

Sri Lanka’s consumer price inflation dropped to minus 2 percent year-on-year in December after easing to minus 1.7 percent in November, official data showed on Tuesday, as the country posted a strong rebound from its worst financial crisis in decades.

3d ago

US pulls out of global corporate tax deal

US President Donald Trump’s decision to withdraw from a global minimum tax agreement on his first day in office has unnerved EU officials, who expressed “regret” over the move.

3d ago

Trump touts $500b AI project

President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant Softbank, cloud giant Oracle and ChatGPT-maker OpenAI.

3d ago

As Trump takes aim at EVs, how far will rollback go?

As part of his flurry of first-day actions, US President Donald Trump took aim at electric vehicles, a cornerstone of the Biden administration’s climate change agenda.

3d ago

Bangladesh eyes fruit imports, trade boost with Pakistan

Business delegations of the two nations sat in a meeting today at the FBCCI

3d ago

Govt preparing SME Policy 2025: SME Foundation chairperson

The five-year SME Policy is scheduled to come into effect in July this year and end in June 2030

3d ago

RMG exports to EU rise by 2.99% in Jan-Nov

In the 11 months, Bangladesh shipped garments worth $18.15 billion, second highest after China

3d ago