Sat, 23 Nov 2024, 06:30 pm
Economy

Turkey’s annual inflation nears 60pc in August

Turkey’s annual inflation approached 60 per cent last month, official data showed on Monday, putting pressure on the central bank to further hike interest rates at the risk of angering

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Pakistan inflation stalls high despite IMF bailout

Pakistan’s headline inflation persisted at 27.4 percent year-on-year in August, official data showed, as a tumbling rupee and soaring bills blamed on an IMF bailout package hampered government efforts to

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Sri Lanka repays $100m in 2nd installment of loan taken from Bangladesh

Sri Lanka has paid another $100 million in the second installment out of $200 million loan given by Bangladesh in a currency swap, said a Bangladesh Bank spokesperson on Friday.

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US investments to Bangladesh will increase more, hopes Kamal

Finance Minister AHM Mustafa Kamal expressed his hope that the investments from the USA would increase more in the coming days as the US investors are keen to invest further

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Coal lifting from Barapukuria mine stops, exploration from new face Nov

Lifting of coal from Barapukuria mine located in Parbotipur upazila of Dinajpur has stopped  in 1,113 number coal face due to  finishing of reserve. Exploration of coal halted around 6:00pm

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Toyota factories in Japan hit by massive glitch

Toyota said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack. The

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ADB to provide $300m to upgrade skills, competitiveness in Bangladesh

The Asian Development Bank (ADB) and the government of Bangladesh today signed a $300 million loan agreement to strengthen the skills base and training programs for Bangladesh’s workforce. Sharifa Khan,

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Canada backs US in GMO corn trade row with Mexico

Canada will back the United States in a trade row with Mexico over genetically modified corn, its trade minister announced Friday. The United States last week announced the establishment of

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Success of Universal Pension Scheme depends on people’s confidence: Experts

The success of the newly introduced universal pension scheme, aimed at fulfilling constitutional aspirations for a welfare state, hinges on gaining the confidence of millions in the private sector. The

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France to spend €200m destroying wine as demand falls

The French government is allocating €200m (£171.6m) to destroy surplus wine and support producers. It comes amid a cocktail of problems for the industry, including a falling demand for wine

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