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Cashless transactions quietly rise in informal sector

The afternoon sun shone on the large transparent plastic bottles lined up on the wet tiles of the Bashbari WASA water ATM, one of the water collection points the Dhaka Water Supply and Sewerage Authority has set up in the capital...

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SKOP calls Chattogram port blockade for Nov 26

Sramik Karmachari Oikya Parishad, a platform of 12 labour organisations, on Saturday announced the blockade of Chattogram port for November 26, demanding the cancellation of the recent decisions to lease out several port facilities to foreign companies...

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Europe increasingly ‘vulnerable’ to shocks: ECB chief

European Central Bank chief Christine Lagarde warned Friday the region was increasingly ‘vulnerable’ to shocks like US tariffs and is lagging behind in areas that will drive growth such as AI. The continent must urgently speed up its integration and overhaul a model of export-led growth that has faltered amid mounting geopolitical turmoil, she said in a speech to a banking conference...

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Kenya’s Ruto vows $38b in investments to transform economy

Kenyan president William Ruto vowed Thursday to attract $38 billion in investment to transform the economy and change the narrative after mass protests, but it met scepticism from economists and rights groups. Ruto took power in 2022 promising sweeping economic improvements to Kenya’s youth...

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Singapore growth forecast surges on AI demand

Singapore lifted its economic growth forecast for 2025 on Friday, buoyed by a stronger third quarter as a surge in demand for AI-related goods powered exports and global trade steadied.

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US jobless rate goes up in September

US jobless rate crept up in September although hiring exceeded analyst expectations, according to a delayed employment report published Thursday after a record-long government shutdown.