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  • India-Asean trade on the rise

    India-Asean trade on the rise

    India-Asean trade relations have been growing steadily, with Asean being India’s fourth largest trading partner. Both sides have set a target of at least US$200 billion in two-way trade by 2022 compared to US$ 71 billion in 2016-17.

  • ECB seeks balance to keep low-inflation recovery on rails

    European Central Bank president Mario Draghi will paper over discord among colleagues at a press conference Thursday, analysts predict, with policymakers divided on their response to heftier economic growth unaccompanied by higher inflation.

  • Trump angers China, South Korea with new trade tariffs

    President Donald Trump has approved steep tariffs on imports of solar panels and washing machines to protect US producers, triggering an outcry in China and South Korea and even protests at home.

  • IMF raises global growth forecast

    The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping US tax cuts were likely to boost investment in the world's largest economy and help its main trading partners.

  • German investor confidence surges in January

    Confidence among investors in Germany surged in January, a closely-watched survey showed Tuesday, in a further sign that a growth streak in Europe's powerhouse could have much further to run.

  • Carrefour revamps operations with job cuts, China deal

    France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China.

  • EU takes Panama, seven others off tax haven list

    The EU removed eight countries including Panama from its new tax haven blacklist on Tuesday after they pledged to address its concerns, in a move swiftly condemned by activists.

  • Europe brings on charm and blue skies to lure Chinese tourists

    Chinese tourists are big spenders and with the numbers visiting Europe set to soar by nearly 70 percent over the next five years, the

  • India sends tax notices to cryptocurrency investors as trading hits $3.5b

    India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5

  • It's a mistake to allow China, Russia to join WTO, says US

    China and Russia have shown no intention of living up to World Trade Organization rules and Washington should not have supported

  • Xiaomi to expand store network in Indian tussle with Samsung

    China's Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea's

  • UK retail sales slide in Dec after Black Friday boost

    British retail sales slid 1.5 percent in December from the previous month after consumers had brought forward their Christmas shopping,

  • France to host 140 foreign CEOs for pre-Davos summit

    Nearly 140 chief executives from companies around the world will gather at the Versailles Palace outside Paris on Monday, as the

  • bitcoin

    Deconstructing bitcoins: Future of money or a fraud?

    Bitcoin’s popularity in Asia has had a positive influence on other alternative cryptocurrencies such as ethereum and litecoin. Clearly there is a great demand for such digital money, even though its volatility hurts.

  • Airbus wins 2017 order race after last-minute sales spree

    Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for the fifth year running, but doubts remain over the future of its flagship A380.

  • BoJ offers positive view on economy, sending yen to four-month high

    Bank of Japan Governor Haruhiko Kuroda offered a positive view on the economy and inflation on Monday, sending the yen to a four-month high against the dollar on simmering speculation it may exit its ultra-loose monetary policy earlier than expected.

  • Bitcoin fever hits US real estate market

    Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions.

  • Morocco to begin gradual liberalisation of dirham

    Morocco will start a gradual and controlled liberalisation of its currency the dirham from Monday, Prime Minister Saad-Eddine Al-Othmani said after a cabinet meeting.

  • H&M 'racist' ad adds to company's woes

    A racism scandal at H&M is the latest indication of management problems at the Swedish clothing giant, once the darling of shoppers but now struggling to make the switch to e-commerce, analysts say.

  • As Trump clamps down, migrant workers have much to lose

    Two decades ago, Fatima Nolasco walked over the border into the United States in search of a better life, going on to build a successful business, and a new home.

  • China urges hotels to review websites as ‘country’crackdown grows

    China's tourism authority has urged accommodation companies to review their websites and apps to fix what Beijing deems to be inaccurate labelling of Taiwan or other Chinese-claimed territories as countries.

  • Glimmers of hope in Iran economy despite Trump

    Even with President Donald Trump continuing to waive nuclear sanctions, Iran's economy remains hobbled by US restrictions but some diplomats in Tehran remain quietly confident for the future.

  • Foreign pavilions draw crowds at Dhaka trade fair

    Foreign products are in abundance at the ongoing Dhaka International Trade Fair, attracting large crowds to

  • Square Pharmaceuticals begins constructing Kenya plant

    Square Pharmaceuticals Kenya EPZ Ltd, a subsidiary of Square Pharmaceuticals Ltd (SPL), Bangladesh, on Monday started construction

  • France hopeful of Dhaka's support

    Visiting French Special Envoy Pascal Lamy yesterday was optimistic of getting Bangladesh's support to France's bid

  • Bangladesh may leave LDC club in March: Tofail

    Commerce Minister Tofail Ahmed yesterday said Bangladesh is expected to come out of the list of least developed

  • Global franchise consulting firm opens Dhaka office

    Singapore-based franchise consulting and brokerage firm FranGlobal has recently opened its office in Dhaka with an

  • Better domestic policies to boost trade

    Better domestic policies are important for a country to benefit from trade, former WTO director general Pascal Lamy said yesterday. “I do believe trade opening brings benefit on the number of conditions that has to be made,” Lamy said. “Some of these solutions are international. There is an issue of the fairness of the global trade regime and it is only partially been addressed in the recent decades.” There remain flaws in international role, not all by developed countries, he told a public lecture on “Knowledge to Share, Planet to Care” organised by the Centre for Policy Dialogue (CPD), a local think-tank, at Khazana Gardenia Banquet Hall in Dhaka. But most of the solutions lie with domestic policies, said Lamy, who is now the special envoy of the French government. He also stressed the need for policies such as competition policy, industrial policy, welfare policy and social security polices to reap benefits from trade. Lamy is now visiting Dhaka to win support from Bangladesh for France's candidature to host World Expo-2025 which bears the theme of sharing knowledge and caring for the planet. He said there was consensus that economic development leads to more welfare and brings less social and political conflict. People have been living and acting together in the planet for a long time. “This positive relationship is somehow broken,” he said. He said the world economy faces two major challenges – rise in inequality and environmental degradation. “We should acknowledge we have not addressed these in recent decades,” he said, adding that a rise in inequalities was leading to an increase in social and political tension in many places. Degradation of the environment also creates anxiety, he said. Inequality is mostly a domestic issue, he said and suggested for addressing it through policies focusing on education, health, housing and taxation. There are local problems and solutions should also come locally, he said. On environmental degradation and climate change, he said it has to be addressed at the national level. But doing it alone will not work, he said, citing issues on protecting the oceans from pollutions which necessitate global action. Migration now is also a cause for global concern, said Lamy, emphasising on sharing knowledge. “Knowledge is easier to share,” he said. “We, the French, like Europeans, have a concept that knowledge of science has to be open.” CPD Chairman Prof Rehman Sobhan said there was an enormous amount of knowledge to be shared. He also stressed ensuring a just global trading system, citing that a shirt sold at $5 by manufacturers here is priced at $25 at retails in the west. Sobhan suggested increasing the share of producers in the value of products.

  • China targets 2018 rail investment of $113b

    China's national railway operator said on Tuesday that the country plans to invest 732 billion yuan ($113 billion) in rail fixed assets in

  • Asian factories end robust 2017 on mixed note

    Asia's factories ended a strong 2017 on a mixed note, with activity at multi-year highs in Taiwan and India and surprisingly picking up in China, but contracting in some places in a sign regional interest rate hikes likely will be gradual.

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