Economy

Tokyo shares open lower despite US gains

Shawdesh desk: Tokyo shares opened lower on Thursday after surging the previous day, despite gains on Wall Street following data showing another spike in consumer prices, AFP reported. “Although caution

Global economy heads for a sharp slowdown, Bangladesh to grow at 6.4%: WB

Shawdesh dEsk: Global economic growth will dip sharply from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023, even as Bangladesh’s annual growth is projected to be 6.4%

Budget may see Tk 100bn cut from dev expenditure

Shawdesh Desk: The government may cut at least Tk 100 billion from the current fiscal’s budget, mainly from development expenditure, and the saved money is likely to be spent on

Power import likely as gas crisis deepens

Shawdesh Desk: Bangladesh is planning to import 200 megawatts of electricity from India as the power generation in gas-based plants significantly drops due to a dearth in natural gas supply.

OPEC expected to maintain course to modestly open taps

Shawdesh desk: Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.

US removes Ethiopia, Mali and Guinea from trade pact

Shawdesh Desk: President Joe Biden’s administration announced on Saturday that it had excluded Ethiopia, Mali and Guinea from a US-Africa trade agreement, saying the actions of the three governments violated its principles.

Dhaka International Trade Fair begins Jan 1

Shawdesh Desk: Dhaka International Trade Fair (DITF) is set to begin at Purbachal of the capital on January 1 with much expectation to repair scar on economy caused by Covid-19

ADB allocates $4.1m to support Covid-19 rural recovery

Shawdesh Desk: Asian Development Bank (ADB) has allocated $4.1 million in technical assistance to help agri-food value chains and rural economies in Asia and the Pacific recover from the impacts