Economy

Economy

£13.5m to help firms hit by Tata steel job losses

Tata starts voluntery process in indian economy The first money from a £100m fund to help workers and firms affected by restructuring plans at Tata’s Port Talbot steel plant is being released, UK ministers will announce on Thursday. Tata closed one of its two blast furnaces on the site last month and plans to shut […]

Economy

Boeing names new CEO after losses more than triple

Boeing 777 freighters and 777X under construction at its Washington state factor Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from

Economy

Trump says he ‘made a lot of money’ so he should have a say in when you get a rate cut

Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate.  Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected,

Economy

How Elon Musk has turned X into a pro-Trump machine

Chief Technology Officer of X Elon Musk speaks onstage during the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session in Cannes, France on June 19, 2024. Nearly two years after Elon Musk bought Twitter and turned it into X, the billionaire is leveraging its power as a source of

Economy

Japan takes a soft diplomatic approach to ASEAN ties: Stephen Nagy in the Japan Times

Southeast Asia’s changing dynamics force Tokyo to balance its role amid U.S.-China competition. The Association of Southeast Asian Nations was said to be the driver of Asia-Pacific’s regional economic integration in the wake of the 1997 Asian Financial Crisis. There was an informal agreement between the 10 ASEAN members and Japan, South Korea and China

Economy

Chinese company to invest $1.26 million in packaging industry

Chinese company Baida Industrial Company Limited is going to set up a Printed Materials and Packaging Products manufacturing industry in Uttara Export Processing Zone (UEPZ) with an investment of $1.26 million. The company signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to this effect at BEPZA Complex, Dhaka on Tuesday (30 July), reads

Economy

Bangladesh economy under pressure amid ‘uncharted’ political turmoil

Hopes that interim government under Muhammad Yunus can restore stability and address country’s inequalities. The student protests that have rocked Bangladesh since July 1 and led Prime Minister Sheikh Hasina to flee in the middle of the night in a helicopter to New Delhi have battered the domestic economy, with losses estimated at billions of

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