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US shares suffer sharpest drop in months

US share markets have suffered their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422.   The Dow Jones and S&P ...

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IMF: ‘Dangerous undercurrents’ threaten global economy

One of the most comprehensive studies of the state of banking and markets since the financial crisis warns that “dangerous undercurrents” are a rising threat to the world economy. The International Monetary Fund’s Financial Stability Report says that although banks ...

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Trump tariffs make world ‘poorer and more dangerous’

The International Monetary Fund has warned a trade war between the US and China risks making the world a “poorer and more dangerous place” in its latest assessment of the global economy. The IMF has lowered its forecast for global ...

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German industrial production slips again in August

German industrial production slipped again in August, official data showed Monday, amid fears that a global trade war could erupt.   Production for August declined 0.3 percent from July, well under the expectation of a rebound of 0.15 percent forecasted ...

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Tsukiji: Japan’s famed fish market to relocate

Tokyo’s world-famous Tsukiji fish market has held its final pre-dawn tuna auction before being relocated to a new site. The world’s largest fish market, which has been in operation for 83 years, is being moved as part of the redevelopment ...

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Samsung sees record third quarter profit on chip demand

Samsung Electronics expects to post record operating profit in the third quarter, helped by strong demand for its memory chips. The South Korean electronics giant is forecasting operating profits of around 17.5 trillion won ($15.5bn; £11.9 bn), up 20.4% from ...

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China’s Tencent Music applies to list in the US

China’s Tencent Music has filed a much-anticipated request to list its shares in the US, in what could be one of the biggest US initial public offerings by a Chinese company. Tencent Music’s parent firm is China’s tech giant Tencent ...

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BJMC, UK company sign MoU on ‘Sonali Bag’ production

Dhaka, Oct 2 : A Memorandum of Understanding (MoU) was signed on Tuesday between Bangladesh Jute Mills Corporation (BJMC) and Futamura Chemical Ltd., a United Kingdom-based company, for producing ‘Sonali Bag’ commercially. Sonali Bag is a biodegradable and environment-friendly jute-made ...

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Trump, Saudi king discuss oil prices in telephone call

President Donald Trump has discussed global crude oil prices with Saudi King Salman in a telephone call amid the American leader’s call for OPEC to bring down energy prices. The state-run Saudi Press Agency reported the call late Saturday night, ...

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North Korea learns to embrace its inner consumer

In an instructional television program about table tennis on the state-run sports channel, every ball, paddle and shirt bear the logo of “Naegohyang,” one of North Korea’s most recognizable brands. A documentary about the Pyongyang Maternity Hospital ends with new ...

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