Economy
World / Countries / MNCs
New York: Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday. more
Apple reports Q4 results with record Sept quarter revenue

Washington/Xinhua: Apple on Thursday announced financial results for its fiscal 2020 fourth quarter ended Sept. 26 with record revenue of 64.7 billion US dollars, up by 1 percent year on ...

Collapsing consumer demand amid lockdowns cripple Asia-Pacific garment industry

New York: The COVID-19 pandemic has triggered government lockdowns, collapsed consumer demand, and disrupted imports of raw materials, battering the Asia Pacific garment industry especial ...

16.6 million UK jobs at risk if entrepreneurs and SMEs cannot sustain their businesses: Study

London: Researchers from King’s Business School warn in a new report that many of the UK’s 5.86 million small and medium-sized enterprises (SMEs) are in a precarious position ...

Singapore's industrial production grows 24.2 pct in September

Singapore/Xinhua: Singapore Economic Development Board reported on Monday that the country's manufacturing output grew 24.2 percent year on year in September, compared to a revised 15 ...

Greening of India's railway network on track

New York: An ambitious plan to make one of the world’s largest and most complex railway networks a net zero carbon emitter by 2030 is moving full steam ahead, although without the s ...

US budget deficit hits record high amid COVID-19 pandemic

Washington/Xinhua: The US federal budget deficit soared to a record 3.1 trillion dollars in the fiscal year 2020, as the COVID-19 pandemic has prompted massive fiscal stimulus and caused ...

Japan's Nippon Steel giant selling 2 plants in US due to COVID-19 - Reports

Tokyo/Sputnik: The largest Japanese steel producing corporation, Nippon Steel, is considering selling two of its factories in the United States as part of a strategy to cope with COVID-19 ...

IEA expects global oil demand to fall by 8.4mln bpd in 2020, grow by 5.5mln bpd in 2021

Moscow/Sputnik: The International Energy Agency has maintained its forecast for the global oil demand to decrease by 8.4 million barrels per day in 2020 and to grow by 5.5 million barrels ...

COVID-19: Bangladesh keeps growth rolling despite pandemic owing to timely plans spelled out by PM Hasina

Dhaka: While the invisible enemy Coronavirus slowed down the shuttle of the global economy, Bangladesh kept its growth rolling and accelerating amid the disaster owing to the timely plans ...