From food to fashion, Bangladesh sees consumption crunch

Retailers have pointed to a particularly steep decline since July, saying inflation is eroding household budgets, leaving many families prioritising essentials over discretionary spending. From groceries to clothing to personal care items, demand is plummeting across the board in Bangladesh, and retail industry experts warn that even brief signs of recovery are waning due to […]

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South Korea is considering providing weapons to Ukraine

North Korean soldiers are fighting on the battlefield against Ukraine on behalf of Russia. After this accusation, South Korea is going to take a direct stand against Russia. They are thinking of providing weapons to Ukraine in the fight against Russia. According to TASS. South Korea has been providing civilian assistance to Ukraine other than […]

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What South Korea said after summoning the Russian ambassador

South Korea has summoned the Russian ambassador over the sending of North Korean troops to help in the war in Russia. Seoul has also called for the immediate withdrawal of North Korean troops. According to South Korean intelligence, about 1,500 North Korean special forces soldiers are already stationed in Russia and they will soon be […]

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China’s booming grey markets add woes to luxury brands

LVMH, the world’s biggest luxury group, reported a 3% fall in quarterly sales last week, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened. China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are […]

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Norway’s Equinor tries again for a Japan offshore wind lease: sources

Equinor’s bid underscores the focus some wind players are putting on Japan even as they scale back elsewhere, despite some international players’ frustration with strict bidding rules and an earlier auction round having been won by Japanese companies. Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other […]

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US pressures India for quick accountability in Sikh separatist murder plot

United States had charged Vikash Yadav, described as a former officer in India’s Research and Analysis Wing spy service, with directing the plot against a Sikh separatist in New York City. US officials have told their Indian counterparts they want a speedy result and more accountability after their investigation into Indian involvement in a foiled […]

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Maldives announces sale of MVR 4 billion in T-bills to manage cashflow

The Maldivian government has announced the sale of over MVR 4 billion in T-bills as it seeks to manage its cashflow. According to an announcement by the Finance Ministry last week, the government is selling four T-bills worth total MVR 4.27 billion. The T-bills up for subscription are: MVR 1.97 billion T-bill which matures in […]

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Afghan Delegation Visits China to Boost Energy Investment

The Ministry of Energy and Water has announced that a delegation led by acting Minister Abdul Latif Mansoor has traveled to China to explore opportunities for energy investment. According to the ministry’s spokesperson, Matiullah Abid, Abdul Latif Mansoor is expected to participate in several meetings focusing on energy and investment during his visit. “He is […]

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