The deal to create a “loss and damage” fund was hailed as a breakthrough for developing country negotiators at United Nations climate talks in Egypt last year, overcoming years of resistance from wealthy nations. But in the past 11 months, governments have struggled to reach consensus on the details of the fund, such as who … Read more
Bangladesh has raised the minimum monthly wage for garment workers by 56.25 percent to Tk 12,500. The new wage will take effect from Dec 1. The new wage structure was discussed at a meeting at the Ministry of Labour and Employment on Tuesday before the announcement was made by State Minister Monnujan Sufian. Garment worker … Read more
Bangladesh gross foreign currency reserves have fallen to around $19.5 billion after the payment of $1.21 billion import bills for September and October through the Asian Clearing Union. Bangladesh Bank spokesman Mezbaul Haque said on Wednesday that the payments were adjusted in the central bank’s account with the New York Federal Reserve on Tuesday. The … Read more
Russian fuel producers have been told by the government to prepare for the scrapping of all remaining restrictions on the export of diesel and gasoline, three industry sources told Reuters on Thursday. Russia, the world’s top seaborne exporter of diesel, introduced a ban on fuel exports on Sept 21 to tackle high domestic prices and … Read more
China’s consumer prices swung back into contraction and factory-gate deflation persisted in October as domestic demand struggled, weighing on the outlook for any broader-based recovery in the world’s second-largest economy. The consumer price index (CPI) dropped 0.2% in October from a year earlier, data from the National Bureau of Statistics (NBS) showed on Thursday, a … Read more
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