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Category Archives: Global Economy

British MPs give Brexit approval

AFP . London             British MPs overwhelmingly backed a bill on Wednesday empowering Prime Minister Theresa May to start negotiations on leaving the European Union, bringing Brexit a significant step closer. Members of the House of Commons voted by 494 votes to 122 for a law enabling May to trigger Article 50 of the EU’s ... Read More »

Robots can soon replace 250,000 British jobs

IANS . London             Nearly 250,000 jobs in Britain’s public sector could be replaced by websites and artificially intelligent “chat bots” in the near future, leading to higher efficiency in the sector, a new report said. With the advancement of technology, many jobs in the public sector could be efficiently completed by machines, replacing some ... Read More »

Brexit impact: UK business suffers

businessnews24bd.com More than half of British business leaders believe the vote to leave the European Union has had a negative impact on their companies but most firms are confident they can survive the change, according to a survey on Monday. Britain’s economy has performed more strongly than expected since the Brexit vote last June, but an Ipsos Mori survey of ... Read More »

Dollar struggles in Asia after Fed, markets tepid

 HONG KONG, Feb 2, 2017 : The dollar edged down in Asian trade Thursday after an uninspiring statement from the Federal Reserve’s latest policy meeting while uncertainty over Donald Trump’s presidency acted as a drag on markets. After the central bank’s first meeting of the year policymakers noted ongoing economic growth, job gains and improving business and consumer confidence, but ... Read More »

Asia targets tourism, education boost from Trump travel ban

Seeking to capitalize on US President Donald Trump’s controversial new travel restrictions, companies and officials in Asia said they would target greater tourism and education ties with Muslims worried about the curbs, reports bdnews24.com  Trump’s Friday directive put a 120-day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90-day bar on citizens ... Read More »

Dollar, Asia markets slip as dealers spooked by Trump

HONG KONG, Jan 30, 2017 (AFP) – The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as traders were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading on US economic growth added to the downbeat sentiment with Wall Street ending last week on a negative note. ... Read More »

Wall Street stocks finish dramatic week with a whimper

NEW YORK, Jan 28, 2017 :  Wall Street finished a dramatic week with a whimper Friday, with stocks finishing near flat following a report showing sluggish US growth in the fourth quarter. Analysts said the market was still digesting gains from earlier in the week, including the Dow’s surge Wednesday above 20,000 points. US growth came in at a sluggish ... Read More »

Global banking rules’ agreement ‘once dust settles’ in US

         Banking Desk An agreement on new global banking rules should wait until the new US administration has made its approach clearer, the chairman of European Union finance ministers said on Friday. Disagreement between the EU and United States has halted for months efforts by the Basel Committee of global financial regulators, which oversees US, European and ... Read More »

US stocks rise, dollar falls as Trump era begins

NEW YORK, Jan 21, 2017 (BSS/AFP) – US stocks rose and the dollar fell Friday as Donald Trump was officially sworn in as the president of the United States and Barack Obama’s term ended. Trump’s inauguration dominated a day that saw most major equity markets rise as the long-telegraphed transfer of power in the world’s biggest economy finally took place. ... Read More »

US-China trade war: 5 key questions

AFP . Beijing             As Donald Trump prepares to take office as the 45th president of the United States Friday, Beijing will be watching closely amid fears a trade war could break out between the world’s top two economies. Trump has repeatedly blasted China’s trade policies and threatened to slap huge tariffs of up to ... Read More »

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