Germany opens first LNG terminal

Germany on Saturday inaugurated its first liquefied natural gas (LNG) terminal, built in record time, as the country scrambles to adapt to life without Russian energy.
17 December 2022, 18:00 PM

Companies race to build Chinese-style metaverse

As the concept of metaverse continues to grip the global technology industry, local companies are scrambling to build a digital realm that comes with Chinese characteristics.
15 December 2022, 18:00 PM

China’s factory, retail sectors skid for Covid

China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs.
15 December 2022, 18:00 PM

Dollar falters

The dollar was on the back foot on Thursday, even as the Federal Reserve kept to its hawkish rhetoric after raising rates by half a percentage point, as investors were doubtful over how much the central bank would commit to putting the brakes on growth to curb inflation.
15 December 2022, 18:00 PM

United Airlines to buy 100 Boeing 787

United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners, with options for an additional 100 jets, as the company banks on rebounding demand for international travel following a years-long pandemic slowdown.
14 December 2022, 18:00 PM

Apple plans to let rival app stores on iPhones in EU

Apple Inc is preparing to allow alternative app stores on its iPhones and iPads in the European Union as soon as late next year to comply with a new European competition law that it had fought, Bloomberg News reported on Tuesday, citing sources familiar with the matter.
14 December 2022, 18:00 PM

Sri Lanka expects $5b more in loans

Sri Lanka is expecting as much as $5 billion in loans next year from multilateral agencies besides an IMF deal, while the government is aiming to raise up to $3 billion via restructuring of state assets, its foreign minister told Reuters on Wednesday.
14 December 2022, 18:00 PM

ADB cuts developing Asia growth forecast

The Asian Development Bank trimmed its economic growth forecast for developing Asia on Wednesday, with China’s pandemic lockdowns, slowing global demand and the Russian invasion of Ukraine seen as limiting the region’s prospects.
14 December 2022, 18:00 PM

German investor morale climbs

German investor confidence rose more than expected in December, a closely watched survey showed Tuesday, as hopes grow that surging energy prices are coming down and record-high inflation is nearing its zenith.
13 December 2022, 18:00 PM

UK jobless rate rises again

Britain’s jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat in the labour market is cooling as the economy stumbles, including an increase in older people looking for work.
13 December 2022, 18:00 PM

China readying $143b for chip firms amid US curbs

China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.
13 December 2022, 18:00 PM

Global development cooperation must find new narratives

Global development cooperation must find new narratives in order to become more effective, said Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue (CPD).
13 December 2022, 18:00 PM

Nestle to open $43m factory in Ukraine

Swiss food giant Nestle said Monday it was opening a new production site in war-torn Ukraine, and would invest tens of millions in a factory and production network set to employ 1,500 people.
13 December 2022, 18:00 PM

EU could face gas shortage next year, IEA warns

The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables.
12 December 2022, 18:00 PM

€19b Russian assets frozen in EU over war

EU countries, led by Belgium and Luxembourg, have frozen 18.9 billion euros of assets belonging to Russian oligarchs and entities hit by sanctions over the war on Ukraine, Brussels has said.
11 December 2022, 18:00 PM

Inflation in China falls below 2%

China’s consumer inflation slowed further in November as it fell below two percent for the first time since March, official data showed Friday, providing authorities room to unveil fresh measures to kickstart the stuttering economy.
11 December 2022, 18:00 PM

UK to unveil post-Brexit financial services reforms

The UK government will on Friday unveil post-Brexit plans to overhaul and preserve its powerful financial services industry, as it also seeks to boost a flagging economy facing recession.
10 December 2022, 18:00 PM

Recession in US not inevitable: Yellen

A recession in the US is  “not inevitable,” Treasury Secretary Janet Yellen said Thursday, adding that she believes the world’s biggest economy is on the right track in lowering inflation.
10 December 2022, 18:00 PM

Recession worries could support dollar after monstrous rally

A breathtaking surge in the US dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades. Though the greenback has stumbled in recent weeks, recession worries may keep it elevated in 2023.
8 December 2022, 18:00 PM

Germany commits fresh €191m grant

Germany has made commitments of extending 191 million Euro in grant to Bangladesh at the latest round of Bangladesh-German Development Cooperation Negotiations 2022.
8 December 2022, 18:00 PM