Lawmakers are flagging what they say are likely significant violations of U.S. law by Temu, a popular Chinese shopping platform, accusing it of providing an unchecked channel that allows goods made with forced labor to flow into the United States.
In a report released Thursday, the House Select Committee on the...
The Asian Development Bank (ADB) has signed a three-billion-US-dollar sovereign exposure exchange agreement (EEA) with the World Bank to increase the ADB’s lending capacity for its developing members. ADB today said that the agreement is the ADB’s first EEA with the World Bank and its sixth EEA with other...
The International Monetary Fund (IMF) has once again revised Bangladesh’s GDP growth forecast downward for the fiscal year 2026, projecting it at 4.9 per cent, down from 5.4 per cent in July and 6.5 per cent in April.
According to the IMF’s latest World Economic Outlook released yesterday, the global...
President Donald Trump unveiled 50% tariffs on a wide range of imports from Canada on Monday in response to what the U.S. administration called its discriminatory treatment of American-made cars, alcohol and dairy goods, threatening a new front in a global trade war.
In slapping import taxes on goods ranging...
SEOUL, June 12: A former executive at South Korea's Samsung Electronics (005930.KS) was indicted on Monday on suspicion of stealing company technology for a copy-cat chip factory in China and jeopardising national economic security, prosecutors said.
South Korea is a chipmaking powerhouse, increasingly pressed by the geopolitical and economic rivalry...
BEIJING: China Renaissance Holdings said in an exchange filing on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation. This is the first time the mainland China-based boutique bank has given a reason for the disappearance of its founder - who was...
Apple on Monday unveiled its first mixed reality headset, challenging Facebook-owner Meta in a market that has yet to tempt users beyond videogamers and tech geeks.
The release was the most significant product launch by the iPhone maker since it unveiled the Apple Watch in 2015.
The Vision Pro, which was...
India is expected to remain the fastest-growing major economy with a 6.5 per cent growth rate in 2025 while global growth is seen as marking a shift towards a recessionary path, according to the latest UN Trade and Development (UNCTAD) report. India has been listed among the countries that...
Islamabad: Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
Pakistan's economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off potential foreign...
India and the UAE on Friday inked a series of landmark pacts spanning strategic petroleum reserves, long-term LPG supply, defence and shipping, with Abu Dhabi pledging investments totalling USD 5 billion in India, as Prime Minister Narendra Modi engaged in high-level talks with President Sheikh Mohamed bin Zayed Al...
