Huawei to develop 50,000 ICT talents in South Asia

Global tech giant Huawei has taken an ambitious plan of developing 50,000 ICT talents in South Asia in the next five years.
3 April 2023, 18:00 PM

Oil price surges amid surprise output cuts

Oil prices surged yesterday in the global market, posting the biggest daily rise in nearly a year, after a surprise announcement by Opec+ to cut more production jolted markets.
3 April 2023, 18:00 PM

Key oil producers announce surprise output cuts

Saudi Arabia and other Opec+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise move they said was aimed at supporting market stability.
2 April 2023, 18:00 PM

HK home prices hit 4-month high

Hong Kong’s residential-property market has posted gains for two consecutive months, pushing prices to a four-month high.
2 April 2023, 18:00 PM

Emirates honours top performing travel agents

Emirates recently recognised 13 travel agencies in Bangladesh for their performance in arranging flights with the flag carrier of the United Arab Emirates (UAE).
2 April 2023, 18:00 PM

Iraq launches new oil refinery to reduce imports

Iraq inaugurated an oil refinery in the central city of Karbala on Saturday, a project the government hopes will reduce its dependency on imports.
2 April 2023, 18:00 PM

India extends export curbs on gasoline, diesel

India has extended restrictions on the export of diesel and gasoline, the government said in a notification, as New Delhi tries to ensure the availability of refined fuels for the domestic market.
2 April 2023, 18:00 PM

Sound, enforceable commercial laws vital to attracting FDIs

Bangladesh needs to put in place sound and enforceable commercial laws and affordable commercial dispute resolution systems and ensure adequate protection to investments with a view to removing barriers hindering businesses and creating investment opportunities, said speakers yesterday.
2 April 2023, 18:00 PM

Eurozone, US inflation slows, bringing respite to policymakers

Eurozone inflation slowed sharply in March while US price increases eased last month as well, official data showed Friday, offering some relief to policymakers.
1 April 2023, 18:00 PM

Emirates, United in network expansion partnership

Emirates and American carrier United recently activated their codeshare partnership, allowing Emirates customers to enjoy easier access to an expanded choice of US destinations. 
1 April 2023, 18:00 PM

Britain to join trans-Pacific trade pact

Britain on Friday said it had struck a deal to join an 11-country trans-Pacific trade pact which includes Japan and Australia as it looks to deepen ties in the region and build its global trade links after leaving the European Union.
1 April 2023, 18:00 PM

Pakistan inflation hits 50-year high

Pakistan’s year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
1 April 2023, 18:00 PM

India probing some Adani offshore deals

India’s market regulator is investigating possible violation of ‘related party’ transaction rules in the Adani Group’s dealings with at least three offshore entities that have links to the brother of the conglomerate’s founder, two people said.
1 April 2023, 18:00 PM

UK economy avoids recession but businesses still wary

Britain’s economy avoided a recession as it grew in the final months of 2022, according to official data which showed a boost to households’ finances from state energy bill subsidies but falling investment by businesses.
1 April 2023, 18:00 PM

Fashion retailer H&M surprises with profit

Fashion retailer H&M reported a surprise operating profit for the December to February period as cost-cutting measures started to bear fruit despite consumers curbing spending, but said a cold spell was holding back sales in March.
30 March 2023, 18:00 PM

China, Brazil strike deal to ditch dollar for trade

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said Wednesday, Beijing’s latest salvo against the almighty greenback.
30 March 2023, 18:00 PM

China committed to economic opening up: premier

China is committed to opening up the world’s second-largest economy and delivering reforms that can help stimulate growth, Premier Li Qiang said on Thursday, adding that geopolitical tension would only hold back development worldwide.
30 March 2023, 18:00 PM

Gold price drops

Prices of safe-haven gold dropped on Wednesday as easing fears of a further contagion from the global banking crisis whetted appetite for riskier assets.
29 March 2023, 18:00 PM

Russia’s Rosneft signs deal to boost oil supplies to India

Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday.
29 March 2023, 18:00 PM

Vietnam growth slows as exports slump

Vietnam’s economic growth slowed in the first quarter of the year as exports slumped due to reduced consumer demand, authorities said Wednesday.
29 March 2023, 18:00 PM