Economy

Coronavirus outbreak: Much of world’s factories still shut

The longer than expected shutdowns of Chinese factories because of the coronavirus outbreak are having a big impact on the world’s second largest economy and the global supply chain. A

Agri products export soar to $603m in 7 months

Shawdesh desk: Bangladesh’s agricultural exports have increased in the first seven months of the current FY 2019-20 mainly due to rise in the production of organic products in order to

Asian economies cut rates, move to blunt impact of virus

Shawdesh Desk: Thailand’s central bank cut its benchmark interest rate and other Asian countries look set to follow suit as they seek ways to soften the impact of the outbreak

Hong Kong airline Cathay Pacific asks all staff to take unpaid leave

Shawdesh Desk: Hong Kong’s flagship carrier Cathay Pacific is asking its entire workforce to take up to three weeks of unpaid leave, its CEO announced Wednesday, as the airline faces

Coronavirus and oil: Why crude has been hit hard

Shawdesh Desk: The world’s biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus, reports BBC. Representatives of oil producers’ cartel Opec

India’s budget offers tax relief amid slow economic growth

Shawdesh Desk; India’s government on Saturday offered relief to taxpayers and vowed to spend billions to double farmers’ incomes and upgrade infrastructure, health care and industry to boost the country’s

India projects rosy economic growth next year after slump

Shawdesh Desk: An Indian laborer works on an under construction bridge in Gauhati, India. India’s government expects the economy to expand up to 6.5% in the next fiscal year, starting

Brexit: UK sees opportunity to do more with Bangladesh

Shawdesh Desk: The United Kingdom (UK) sees a real opportunity to do more on trade, development and other areas in the longer term with Bangladesh as the UK formally leaves