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Search date: 14-01-2023 Return to current date: Click here

DNCC introduces first holiday market

The Dhaka North City Corporation (DNCC) on Friday launched its first holiday market in the city's Agargaon, with special focus on promoting the small and medium enterprises (SMEs).The city authorities will gradually introduce such market across the 54 wards upon success of the first venture (holiday market).Commerce Minister Tipu Munshi...

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UK economy wins World Cup boost but recession looms

LONDON, Jan 13 (AFP) : Britain's economy unexpectedly grew in November as consumers splurged during the World Cup, official data showed Friday, but analysts warned that it remains on course for recession due to the cost-of-living crisis.Despite a series of strikes, gross domestic product grew by a slight 0.1 per...

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Full brunt of financial tightening yet to materialise: IMF

WASHINGTON, Jan 13 (AFP) : Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle.Global growth is expected to slow further this year, as central banks including the US...

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IMF chief says US may be able to avoid recession in 2023

WASHINGTON, Jan 13 (TASS) : International Monetary Fund Managing Director Kristalina Georgieva has said that there is mounting evidence that the United States can avoid recession this year and achieve a "soft landing" for its economy, Reuters reported on Thursday.US labor markets remain resilient and consumer demand remains strong despite...

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China's trade surplus swells to $877.6B as exports grow

BEIJING, Jan, 12 (AP) : China's trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening US and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centres.Exports increased 7.0 per cent from a year earlier to $3.95 trillion, decelerating from...

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