Regional & International Economy

Gold hit a record high Monday as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus bill in Washington.

Algeria’s government should launch a dialogue with the “Hirak” protest movement to prevent an economic crisis triggered by coronavirus lockdown measures and tumbling oil prices, a think tank said Monday.        

Bangladesh’s budget deficit may shoot to as high as 10 per cent of the GDP in the current fiscal year as the government would have to keep spending more to tackle the brunt of the coronavirus pandemic amid a drastic fall in revenue generation, the World Bank said.

Asian markets were mixed Thursday as investors juggled hopes for a new stimulus deal in Washington with concerns about the virus and another flare-up between China and the United States.

The banks seek refinance fund

The leaders of the European Union hold their first face-to-face summit in five months on Friday, but the reunion seems unlikely to bridge their divide over a post-virus economic rescue plan.

The government has set an export earnings target from goods at $41 billion with a 21.76-per cent growth for the current financial year 2020-21 after the dismal performance on the export front in the recently concluded FY2019-20 due to the coronavirus pandemic.

China’s economy grew 3.2% in the second quarter fllowing a record slump.

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17–18.

A £705m funding package to boost infrastructure and recruit more staff on Britain’s border has been announced as the UK prepares to leave the EU customs union at the end of the year.