Global Economy
All member factories completed paying March salary, Eid bonus: BGMEA
BGMEA President SM Mannan Kochi says in a press briefing today
Economy grows by 3.78% in Oct-Dec, slowest in three quarters
The Bangladesh Bureau of Statistics says in quarterly GDP estimate
New industries outside economic zones will not get electricity, gas
The cabinet committee on economic affairs says
Bank Alfalah's profit triples
The multinational bank made Tk 43 crore in 2023, up from the previous year's Tk 13 crore
Turning camels into cows
Megafarms are being set up to produce camel milk on industrial scales
China pushes back at US overcapacity concerns as Yellen wraps visit
Beijing's commerce minister dismissed as "groundless" US concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue
70% factories yet to pay March salary
Some 70% have already paid festival bonus, Industrial police say
Leather shipment recovers, fetches $100 million in 9 months
Leather exports rose 9.8% year-on-year in Jul-Mar of FY24
Bank of Japan hints at near-term rate hike, pushing yields higher
Ueda said the central bank could "respond with monetary policy" if currency moves significantly drive inflation and wages, suggesting sharp yen falls could affect the timing of the next rate hike
Elon Musk bets big on Tesla, not cars
Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
World food prices rise for first time in 7 months: FAO
Global food prices rose in March, the first increase since July, pulled higher by cooking oil prices despite the cost of grains continuing to ease, the UN's Food and Agricultural Organization said Friday
AI might rewrite Samsung's memory chip past
Samsung, which generates the bulk of its operating profit from semiconductors, is forecast to more than double earnings this year, per analysts' estimates gathered by LSEG
Tesla scraps low-cost car plans amid fierce Chinese EV competition
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
Samsung Electronics expects 10-fold rise in Q1 profit
January-March operating profits were expected to rise 931.3 % to 6.6 trillion won ($4.89 billion) while operating profits in the same period last year totalled around 640 billion won
Bangladesh power system gets dirtier on rapid coal use growth
Bangladesh power firms more than doubled coal-fired electricity generation in 2023 from 2022 to a record 17 terawatt hours (TWh), data from energy think tank Ember shows
Tesla reports drop in auto sales, while Toyota sees US surge
Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers
Telenor to cut around 100 jobs in Norway as part of reorganisation
Telenor on Wednesday said its Norwegian unit will lay off around 100 employees and substantially reduce its number of temporary staff and consultants
Sri Lanka recovering but poverty enduring: World Bank
Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of the country's citizens will remain living in poverty
