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In 2024, Bangladesh’s global garment exports were $50.9 billion, which is much higher than India’s $16.3 billion. (AI image) The US-Bangladesh trade deal has the Indian textile sector exporters worried? The Donald Trump administration has reduced the tariffs on Bangladesh to 19%, but a clause of zero tariffs on textile exports may hit the Indian…
Bank unions across India have announced a nationwide strike on February 12. The All India Bank Employees’ Association (AIBEA), All India Bank Officers Association (AIBOA), and Bank Employees Federation of India (BEFI) have invited their members to participate in the strike, alongside 10 Central Trade Unions (CTUs). The unions are protesting against four new Labour…
GANGTOK: In view of acute water shortage at various resource points due to inadequate rainfall in winter, the water supply in the serviced zones in the state capital will be made only once every day, a senior official said on Wednesday.A trial run is being conducted by Public Health and Engineering Department (PHED) engineers to…
Safe-haven buying returned to the bullion market as silver and gold futures rebounded sharply, tracking supportive global cues and a softer US dollar.Gold futures also saw value buying, with the April contract rising Rs 1,397, or 0.89 per cent, to Rs 1,58,200 per 10 grams. In the previous session, the yellow metal had settled lower…
Hong Kong, one of the world’s major financial hubs, has long been committed to cryptocurrency and blockchain technology — but it faces a competitive challenge from the crypto-friendly UAE. This was a fact acknowledged by panelists Joseph Chan, under secretary for financial services and the treasury in Hong Kong, and Johnny Ng, founder of web3…
WTO Director-General Ngozi Okonjo-Iweala The World Trade Organization (WTO) needs urgent structural reform as the global trading system undergoes rapid economic and technological shifts, WTO Director-General Ngozi Okonjo-Iweala said, warning that maintaining the current framework is no longer viable, AFP reported.Speaking in Geneva on Wednesday, Okonjo-Iweala said the global trade body and the broader multilateral…
India on its part has said that the country’s energy security will drive purchase decisions. (AI image) Days after India and the US announced a trade deal, the government has reportedly urged refiners to consider picking up more crude oil from the US and even Venezuela. US President Donald Trump has removed the 25% tariffs…
Greenlight Capital’s David Einhorn anticipates the Federal Reserve will issue more interest rate cuts this year than what’s being anticipated and that’s giving him greater confidence in his gold bet. While rate cut expectations diminished a bit Wednesday following the much better-than-expected January jobs report, traders are still currently pricing in a more than 88%…
