Business

Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday. The island nation defaulted...

Turkey’s annual inflation rate fell to 71.6 percent in June, official data showed Wednesday. Consumer prices began slowing after reaching a peak of 75.45 percent in May. Turkey has been battling a cost-of-living crisis that prompted...

Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made “progress” and the job market...

Despite no appreciable increase in foreign loan disbursements over the first 11 months of the 2023–24 fiscal year (FY24), the repayment of foreign debts has exceeded USD 3 billion. The demand to pay back the foreign...

A fully domestic internet food delivery service called “Foodi” launched its operations with the understanding that time is crucial in today’s Bangladesh. According to a news release issued today, “Foodi” is a US-Bangla Airlines company that...

Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion), a person with direct knowledge of the matter...

Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world’s second-largest economy, reports Reuters. Microsoft did...

A workers’ union at Samsung Electronics in South Korea has called a strike for July 8-10, a union official said on Tuesday, as it steps up industrial action against the country’s most valuable company. The union...

The World Bank Group said on Monday it had started operating a new one-stop-shop loan and investment guarantee platform which it hopes will triple the provision of guarantees and risk insurance provided around the world to...

Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi Sunak is unlikely to see much...