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Search results for: economy

Italy loses 600,000 jobs since Covid-19 outbreak

Italy loses 600,000 jobs since Covid-19 outbreak

Xinhua 2020-07-31 12:20:49

Italy has lost 600,000 jobs in June compared to February -- before the COVID-19 pandemic forced the country into a national lockdown that drove its economy to a halt, according to provisional estimate...

Mexico's GDP plunges record 18.9pc in Q2

Mexico's GDP plunges record 18.9pc in Q2

-- 2020-07-31 10:49:04

Mexico's gross domestic product (GDP) plunged a record 18.9 per cent in the second quarter of 2020, compared to the same period last year, the National Institute of Statistics and Geography (INEGI) sa...

World economic recovery looks ever more shaky

World economic recovery looks ever more shaky

REUTERS 2020-07-31 10:39:16

The world economic outlook has dimmed again, with still-rising coronavirus infections and the risk of renewed lockdowns increasing the chances that any rebound will reverse course, according to Reuter...

China warns India against 'forced decoupling' of their economies

China warns India against 'forced decoupling' of their economies

REUTERS 2020-07-31 10:24:29

China warned on Thursday that a “forced decoupling” of its economy with India, following a Himalayan border clash last month that killed 20 Indian soldiers, would hurt both countries. The...

US jobless claims rise for 2nd consecutive week

US jobless claims rise for 2nd consecutive week

-- 2020-07-31 10:14:21

The number of initial jobless claims in the United States rose to 1.43 million last week amid a resurgence in COVID-19 cases, following an increase in the previous week, the Labor Department reported...

WB likely to give $500m loan for dev of technical education

WB likely to give $500m loan for dev of technical education

FHM Humayan Kabir 2020-07-31 09:48:04

The World Bank (WB) is likely to provide US$500 million worth of loan for the development of Bangladesh's technical education including health education following the Covid-19 outbreak, officials said...

LNG imports up 64.61pc in FY ’20

LNG imports up 64.61pc in FY ’20

M AZIZUR RAHMAN 2020-07-31 09:36:53

Bangladesh's liquefied natural gas (LNG) import increased significantly by 64.61 per cent in last fiscal year (FY), 2019-20, to 4.164 million tonnes to meet the mounting domestic gas demand. The stat...

Safety nets bypass 'missing middle'

Safety nets bypass 'missing middle'

FE REPORT 2020-07-31 09:31:07

Speakers at a webinar stressed the need for reforming existing social protection programmes to reach the "missing middle" and vulnerable people after the Covid-19 pandemic that pushed millions back in...

Virus revives 'mattress' economy

Virus revives 'mattress' economy

JASIM UDDIN HAROON 2020-07-31 09:26:59

Money multiplier decreased in the last fiscal year as people are holding cash after the coronavirus pandemic, according to statistics prepared by the central bank. The data show that the key indicato...

Austrian economy suffers historic 11 per cent slump in second quarter

Austrian economy suffers historic 11 per cent slump in second quarter

REUTERS 2020-07-30 16:07:44

The Austrian economy shrank 10.7 per cent in the second quarter, marking its biggest contraction since the data series began after World War Two, as the coronavirus pandemic hit both domestic and fore...

Work for inclusive societies, economies: UN chief

Work for inclusive societies, economies: UN chief

-- 2020-07-30 14:45:52

UN Secretary-General Antonio Guterres has urged all to pledge to work for inclusive societies and economies that leave no one behind. UN Secretary-General Antonio Guterres has urged all to pledge to...

Vietnam's industrial production up slightly in 7 months

Vietnam's industrial production up slightly in 7 months

-- 2020-07-30 11:12:01

Vietnam's national index of industrial production advanced 2.6 per cent year-on-year in the first seven months of this year, according to the General Statistics Office on Thursday. The main driver of...

Economists heap praise on monetary policy

Economists heap praise on monetary policy

FE REPORT 2020-07-30 09:48:23

The monetary policy released by the central bank on Wednesday for the current fiscal year is towards the right direction, economists say warning of the possible abuse. The policy for 2020-2021 fiscal...

Revised incentive package for investors underway

Revised incentive package for investors underway

Mir Mostafizur Rahaman 2020-07-30 09:34:48

The country's investment promotion agencies are pulling their socks up to improve the country's investment climate, a prerequisite for snaring foreign investors. Analysts are of the opinion that th...

China-EU economic ties steering toward recovery from COVID-19

China-EU economic ties steering toward recovery from COVID-19

Global Times 2020-07-29 16:20:41

China and EU Tuesday convened one of their most important meetings of the year, steering the vessel of bilateral economic ties toward a reassuring recovery from the COVID-19 pandemic. The two major e...

BB lowers borrowing costs to boost money flow

BB lowers borrowing costs to boost money flow

FE ONLINE REPORT 2020-07-29 16:17:50

The central bank unveiled an expansionary monetary policy on Wednesday for current fiscal year lowering borrowing costs to boost money flow for revamping the pandemic-hit economy. As part of the expa...

Japan cos' China exit: Bangladesh misses the train

Japan cos' China exit: Bangladesh misses the train

MIR MOSTAFIZUR RAHAMAN 2020-07-29 13:45:09

Bangladesh's hope for attracting 30 Japanese companies relocating from China has been dashed as these firms have already decided to move elsewhere. Experts said that strong political will from the hi...

India's gloomy outlook darkens, recovery path in doubt

India's gloomy outlook darkens, recovery path in doubt

REUTERS 2020-07-29 13:33:52

The outlook for India’s reeling economy has worsened again as business activity slows and Covid-19 infections soar, and will probably prompt the Reserve Bank of India to cut interest rates again...

Move to stop tax evasion on cars

Move to stop tax evasion on cars

Doulot Akter Mala 2020-07-29 09:45:37

The National Bard of Revenue (NBR) has joined its hand with the Bangladesh Road Transport Authority (BTRA) to scrutinize information of vehicle owners to check tax evasion. The step has also been tak...

Forex reserve crosses $37b-mark for first time

Forex reserve crosses $37b-mark for first time

-- 2020-07-28 21:53:31

The country’s foreign exchange reserve has touched a new record of $37.10 billion amid coronavirus crisis. The inflow of remittance has played a vital role to raise the foreign exchange reserve...

Country loses 30pc rawhide every year for improper preservation

Country loses 30pc rawhide every year for improper preservation

-- 2020-07-28 18:30:29

The country loses around 30 per cent of total rawhide every year due to improper skinning and environmental protection and preservation, the commerce ministry has said. Describing rawhides of sacrifi...

Annual trade gap crosses $17b in FY20

Annual trade gap crosses $17b in FY20

FE Online Report 2020-07-28 18:09:22

Country’s bilateral merchandise trade gap with the rest of the world crossed $17.0 billion mark in the last fiscal year (FY20), according to the latest statistics of Bangladesh Bank.  It s...

Australian employment suffers setback from second virus wave

Australian employment suffers setback from second virus wave

REUTERS 2020-07-28 16:18:20

Australian employment fell 1.1 per cent between mid-June and mid-July, weekly data showed on Tuesday, with the biggest loss coming from the southeastern state of Victoria, which is grappling with a fr...

Govt endorses seven projects worth Tk 30.75b

Govt endorses seven projects worth Tk 30.75b

FE Online Report 2020-07-28 15:56:57

The government on Tuesday in Dhaka endorsed seven development projects at a combine cost of Tk 30.75 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the Nationa...

China's economy seen growing 2.2 per cent in 2020

China's economy seen growing 2.2 per cent in 2020

REUTERS 2020-07-28 13:46:31

China’s economy is expected to recover steadily in the rest of the year, boosted by stimulus measures to reverse the damage from the coronavirus crisis, but weak global demand and rising Sino-US...

UN chief calls for efforts to build sustainable cities amid pandemic

UN chief calls for efforts to build sustainable cities amid pandemic

-- 2020-07-28 12:51:00

UN Secretary-General Antonio Guterres on Tuesday called for efforts to build sustainable cities amid the Covid-19 pandemic. In a video message for the launch of his policy brief on Covid-19 and citie...

NBR to introduce automated challan from mid-August

NBR to introduce automated challan from mid-August

DOULOT AKTER MALA 2020-07-28 09:57:11

The National Board of Revenue (NBR) is set to launch an automated challan system for income taxpayers from mid-August in a bid to check submission of fake challan. The NBR and Finance Division will j...

BB releases monetary policy tomorrow

BB releases monetary policy tomorrow

SIDDIQUE ISLAM 2020-07-28 09:38:58

The central bank unveils its monetary policy for this fiscal year tomorrow (Wednesday) aiming to help revamp the economic activities through the implementation of stimulus packages. Bangladesh Bank w...

Post-Covid business: Govt updating laws to snare foreign investors

Post-Covid business: Govt updating laws to snare foreign investors

SYFUL ISLAM 2020-07-28 09:29:52

The government is streamlining five laws as part of its efforts to attract foreign direct investment or FDI, which may shift in the post-pandemic era, officials have said. The laws are the Foreign Ex...

Japan to dispense $1.0b in budget aid

Japan to dispense $1.0b in budget aid

FHM Humayan Kabir 2020-07-28 09:17:53

Bangladesh for the first time is expected to secure US$1.0 billion worth of budget support from Japan next week. The support would help the government weather the impact of the COVID-19 on the econom...