Samsung workers in S Korea stage first strike

Samsung Electronics is one of the world’s largest smartphone makers and also one of the only companies globally to produce high-end memory chips used for generative AI, including top-of-the-line AI hardware from industry leaders such as Nvidia. Workers at tech giant Samsung Electronics in South Korea staged the first strike at the company on Friday, […]

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Pakistani Economy Bolstered by Record Expatriate Remittances

Pakistan has witnessed a significant boost in its economic stability, with expatriate remittances reaching a record high of over 3 billion dollars in a single month. The Central Bank of Pakistan reported that in May, Pakistani expatriates sent a remarkable 3.243 billion dollars back home, marking a 54.2 percent increase compared to the previous year. […]

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India the third biggest gold buyer in May, after Switzerland and China: WGC

The global gold market experienced a significant shift in May, marking the end of a twelve-month losing streak for gold exchange-traded funds (ETFs). India purchasing USD 86.5 million worth of gold in May, further supporting the positive momentum in the market. According to the World Gold Council’s latest commentary, the month saw a resurgence in […]

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Misuse of law in Yunus case will hinder investment in Bangladesh: US

Nobel laureate economist Dr. Concerned about the trial of Muhammad Yunus, the United States has warned Bangladesh about foreign investment. Dr. The United States has warned that if the law is misused against Yunus, Bangladesh’s rule of law will be questioned and foreign direct investment will be hindered. The chief spokesman of the US State […]

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Bangladesh’s interest to join BRICS: Beijing assures its support

During the 13th round of bilateral political consultations between Bangladesh and China held in Beijing on 3 June, both parties agreed to work jointly for the upcoming visit of Prime Minister Sheikh Hasina to China next month Chinese Vice Minister for Foreign Affairs Sun Weidong has appreciated Bangladesh’s interest in joining BRICS and assured of […]

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South Korea’s Yoon hosts Africa summit to tap minerals, vast export market

South Korea is one of the world’s largest energy buyers and is home to leading semiconductor producers and the world’s fifth largest automaker making a push for electrification. Partnership with Africa with 30% of the world’s critical minerals including chrome, cobalt and manganese is crucial, Yoon’s office said. Africa’s rich mineral resources and its potential […]

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Economic Reforms on the Horizon: Modi’s Expected Third Term Signals Major Market Shifts

As the world’s largest democratic exercise concludes, Indian Prime Minister Narendra Modi’s anticipated third-term victory is poised to significantly impact the nation’s financial markets and economic landscape. Exit polls suggest that Modi’s alliance is likely to secure an expanded majority in the 543-member lower house, potentially gaining the two-thirds majority required for constitutional amendments. This […]

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