Regional & International Economy

For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else. Companies have been wrestling with how to exit in ways that limit the financial impact, do not …

The euro flattened on Monday, staying near a five-year low against the US dollar, as investors sought safety in the greenback amid worries about slowing global growth. The war in Ukraine and its economic fallout, in particular soaring food and energy inflation, has been a major drag on the euro, …

Bangladesh’s trade deficit hit a historic high of $30.81 billion in the first 11 months of the 2021-22 fiscal year, intensifying the pressure on the macroeconomic zone. The country has been facing the higher trade deficit in recent months due to the escalation of imports against lower exports. Trade deficit …

Two leading economists of the country today said that the Padma Bridge, inaugurated today by Prime Minister Sheikh Hasina, would put a multidimensional impact on the country’s economy alongside simplification of the communication system. They said with the inauguration of the bridge, the communication to and from Dhaka would be …

Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT. While addressing a BRICS business forum, Putin said that together with its partners – Brazil, India, China and South Africa – Moscow …

President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked …

Russia strictly follows all its commitments of energy supplies to Europe, Kremlin spokesman Dmitry Peskov told reporters on Thursday, reports TASS. “The Russian Federation strictly performs all its commitments. Being a fairly reliable and proven supplier of energy resources to Europe over decades, Russia treats its reputation in this regard …

The Russian Finance Ministry has honored commitments under Eurobonds mature in 2027 and 2047 totaling 12.51 bln rubles ($234.89 mln), the Ministry said on Thursday, reports TASS. “The Russian Finance Ministry informs that in accordance with the Executive Order of the President of the Russian Federation dated June 22, 2022 …

Nutrition interventions play a crucial role in empowering women, ensuring dietary diversity, building a climate-resilient food system, and boosting the overall economy, said experts at a seminar in the city. Jointly organised by the International Fund for Agricultural Development (IFAD) and BRAC James P Grant School of Public Health on …

Yesterday’s opening of the Padma Bridge gave connectivity a shot in the arm since it is going to cut the time needed to move goods between the southwestern region of Bangladesh and the capital city by two to four hours, thus cutting the cost of doing business. And businesses say …