Friday, January 27, 2023

Bangladesh may overtake China to be EU’s biggest apparel source

Market Desk (Bangladesh): As China witnessing a decrease in its share of trade due to economic slowdown of Covid implications, Bangladesh may overtake it as the source of most of the European Union’s (EU) apparel. According to Ahsan H. Mansour,...

Amazon to lay off more than 18,000 workers

Market Desk (Business): Amazon says it plans to lay off more than 18,000 employees as the global economy continues to worsen. Several teams will be affected including HR and Amazon Stores, according to a memo from CEO Andy Jassy shared...

G7 coalition agrees US$60/barrel price cap for Russian crude oil

Market Desk (business): The Group of Seven (G7) nations and Australia on Friday said they had agreed US$ 60 per barrel price cap on Russian seaborne crude oil after EU members overcame resistance from Poland and hammered out a...

Ford recalls over half a million SUVs

Market Desk (Business): Ford has announced another SUV recall, this time impacting about 520,000 Ford Escape and Bronco Sport compacts in the United States. Potential cracks in the vehicles’ fuel lines could cause fires to break out under the...

Facebook Marketing in 2022: An easy lead 

Market Desk (business): Potential customers are now looking for businesses on Facebook. A smart marketing strategy is the only way to connect with them. Facebook marketing isn’t optional. It is the most used social platform in the world, pulling in 2.29bn daily active...

Dividing the world into Russia or against hurts the economy | Global Recession Soon, IMF chief

Market Desk (Economy): The global economy is suffering from the split in the global community to those against Russia and the ones supporting it, IMF Managing Director Kristalina Georgieva said on Thursday at a seminar at Georgetown University in...

Paper £20 & £50 notes will not be accepted in UK after 30th Sep, 2022 

Market Desk (Economy): Paper bank notes worth £20 and £50 will no longer be accepted across the UK from today at 30th September, 2022. The paper notes are being phased out by the Bank of England and being replaced by the polymer notes...

GBP hits record low against US dollar

Market Desk (Economy): The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled huge tax-cutting budget. Officials in several countries including US, UK, Switzerland and Sweden announced more increases...

98% chance of global recession, research warns

Market Desk (Economy): Warning is flashing in the global economy as high inflation; drastic rate hikes and the war in Ukraine take their toll. A research firm warns a worldwide recession is likely on the horizon. There is currently 98.1%...

Russian economy will not back to pre-war levels until 2030, Scope 

Market Desk (Economy): Russia’s economy is not likely to come back to pre-war levels before the end of this decade. The Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings said in a report seen by Reuters on Friday. By the...

Latest News

Kuwaiti government resigns after dispute with parliament

Market Desk (online): Prince Sheikh Meshal al-Ahmad al-Sabah, who has taken over most of the emir’s duties, last year...