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Economy


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China slaps tariffs on US coal, oil, vehicles

China said on Tuesday that it would impose tariffs of 15 per cent on imports of coal and liquefied natural gas from the United States, after Washington slapped ten percent levies on Chinese goods....

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LC opening in Dec hits 30-month high

The opening of letters of credit for imports surged to $6.92 billion in December, marking a 30-month high as businesses ramped up Ramadan-centric imports...

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Exports grow 11.7pc in July-January

Bangladesh’s earnings from exports witnessed a positive growth of 11.68 per cent to $28.97 billion in July-January period of ongoing financial year 2024-25, according to the latest data published by the Export Promotion Bureau...

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Task force emphasises research, innovation to diversify economy

The task force report on re-strategising the Economy and Mobilising Resources for Equitable and Sustainable Development said that Bangladesh can boost its economy by using innovation and R&D to diversify, improve productivity, and add value to its products...

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India forecasts slowing growth

India’s economy will grow 6.3-6.8 per cent in the next fiscal year, a government report said on Friday, among the top-performing countries globally but sluggish compared with recent performance.

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Gold futures hit new record

The price of gold hit a new record on Thursday, lifted by uncertainty over the economic policies of US president Donald Trump and the dollar’s weakness following a disappointing US growth report.

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Trump threatens to place 100pc tariffs on BRICS

US president Donald Trump reiterated Thursday his threat to place 100 per cent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico.

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Sri Lanka records highest deflation in 65 years

Sri Lanka’s consumer prices fell by 4.0 per cent in January, the highest deflation rate since July 1960, official data showed Friday, as the South Asian nation emerges from its worst economic meltdown.

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Top Turkish firm plans to invest in Bangladesh

Top Turkish business group Koc Holdings has planned to set up a component manufacturing plant in Bangladesh in an effort to export components to its factories all over the world, senior company officials said on Thursday.

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France, Germany stall eurozone growth in Q4

Eurozone growth slowed to a halt in the fourth quarter last year, dragged by contractions in major powers Germany and France which were held back by economic headwinds and political instability...