Political shifts will not slow green economy momentum
==========

Political shifts, such as those expected from a potential Donald Trump administration, may initially hinder renewable energy projects and redirect subsidies towards fossil fuels; however, the long-term momentum of the green economy remains strong. Major states like California and the EU's Green Deal initiative continue to push for sustainability despite federal changes. Saudi Arabia's Vision 2030 and the Saudi Green Initiative exemplify regional leadership in green initiatives. Global investments in renewable energy are rising, with emerging markets in Europe, Asia, and the Middle East leading in clean-energy technologies. The future of the green economy relies on balancing short-term economic needs with long-term environmental goals.

#GreenEconomy #ClimatePolicy #RenewableEnergy #Sustainability #PoliticalShifts #GlobalWarming #Investment #Innovation #InternationalCooperation #FossilFuels

https://bangladeshpost.net/posts/political-shifts-will-not-slow-green-economy-momentum-150435 

 Trump-proofing economic security in Asia
==========

President-elect Donald Trump promises 10-20% tariffs on all US imports and 60% on Chinese goods; US economy is 26.3% of global economy, down from 40% in the 1960s; China likely to retaliate against tariffs; EU may also retaliate; Australia and Japan must lead efforts to maintain open global trade; economic coercion from China against Australia in 2020 was mitigated by multilateral trading systems; economic security policies in advanced economies focus on reducing dependence on China; ASEAN-centred institutions should be utilized for collective action on trade and climate; Shiro Armstrong is Professor and Director at the Australia-Japan Research Centre.

#Trump #Tariffs #China #Australia #Japan #Trade #Economy #Asean #Multilateralism #EconomicSecurity

https://bangladeshpost.net/posts/trump-proofing-economic-security-in-asia-150034 

 Trump-proofing economic security in Asia
==========

President-elect Donald Trump promises 10-20% tariffs on all US imports and 60% on Chinese goods; US economy is 26.3% of global economy, down from 40% in the 1960s; China likely to retaliate against tariffs; EU may also retaliate; Australia and Japan must lead efforts to maintain open global trade; economic coercion from China against Australia in 2020 was mitigated by multilateral trading systems; economic security policies in advanced economies focus on reducing dependence on China; ASEAN-centred institutions should be utilized for collective action on trade and climate; Shiro Armstrong is Professor and Director at the Australia-Japan Research Centre.

#Trump #Tariffs #China #Australia #Japan #Trade #Economy #Asean #Multilateralism #EconomicSecurity

https://bangladeshpost.net/posts/trump-proofing-economic-security-in-asia-150034 

 Yunus for building inclusive economy
==========

Chief Adviser Muhammad Yunus emphasized the need for an inclusive economy where technology and economic growth benefits everyone, not just a privileged few; he spoke at the 3rd edition of 'Bay of Bengal Conversation' on 16 Nov 2024, attended by over 200 speakers and 300 delegates from 80 countries; Yunus advocates for a 'world of three zeros' - zero net carbon emissions, zero wealth concentration, and zero unemployment; he highlighted the potential of Bangladesh's youth, with half of the 171 million population under 27 years old, to lead sustainable development; he called for immediate action to protect coastal communities from climate change impacts; Yunus expressed gratitude to the Centre for Governance Studies for hosting the event, which he sees as a testament to resilience and a platform for ideas to grow into solutions.

#Yunus #InclusiveEconomy #ClimateChange #Youth #BayOfBengalConversation #SustainableDevelopment #SocialBusiness #Bangladesh #Environment #Resilience

https://bangladeshpost.net/posts/yunus-for-building-inclusive-economy-149969 

 Japan’s economy benefits from weak yen: IMF
==========

A weak yen boosts Japan's economy as export gains surpass import costs; IMF's Nada Choueiri advises gradual interest rate hikes; yen declines against the dollar due to US-Japan interest rate divergence; Japanese Finance Minister Katsunobu Kato warns of rapid yen moves; IMF supports flexible exchange rate regime.

#Japan #Economy #Yen #Imf #Exports #Imports #InterestRates #KatsunobuKato #NadaChoueiri #Currency

https://bangladeshpost.net/posts/japan-s-economy-benefits-from-weak-yen-imf-148432 

 Kamala to release new economic proposals this week on US wealth creation
==========

US Vice President Kamala Harris plans to announce new economic policies aimed at wealth creation for Americans this week, potentially in Pittsburgh on Wednesday, September 25, 2024; The proposals come as undecided voters seek clarity on her economic plans ahead of the November presidential election; Harris emphasizes investing in Americans' aspirations and addressing economic challenges; Previous proposals included pay hikes for public school teachers and measures to eliminate bias in home appraisals; Harris' economic agenda aligns with Biden's policies, including increasing the child tax credit and raising the corporate tax rate to 28%; Polls show shifting voter trust in Harris' economic stewardship, with a Financial Times-Michigan Ross poll indicating 44% trust compared to 42% for Trump; The Federal Reserve's recent interest rate cut may help lower consumer costs; Some advisors suggest focusing on existing economic messages rather than new proposals; Many of Harris' plans require congressional approval, contingent on Democratic control of both the House and Senate.

#KamalaHarris #EconomicProposals #WealthCreation #2024Election #BidenAdministration #VoterTrust #Inflation #Policy #SwingStates #Congress

https://bangladeshpost.net/posts/kamala-to-release-new-economic-proposals-this-week-on-us-wealth-creation-146078 

 Chinese exports jump in August
==========

China's exports rose 8.7% year-on-year in August 2024, up from 7.0% in July; this exceeded the 6.6% forecast by Bloomberg analysts. Imports only grew 0.5%, down from 7.2% in July and below the 2.5% estimate. Consumer inflation reached a six-month high but still fell short of expectations, raising concerns about potential deflation. Zhang Zhiwei, President and Chief Economist at Pinpoint Asset Management, noted the diverging trends of weak domestic demand and strong export competitiveness, questioning the sustainability of export strength amid a weakening US economy and rising trade tensions. China's economic recovery has been uneven since late 2022.

#China #Exports #Imports #Economy #Inflation #Trade #ZhangZhiwei #Bloomberg #August2024 #EconomicTrends

https://bangladeshpost.net/posts/chinese-exports-jump-in-august-145235 

 Asian markets rally on US data after Dow hits record on Wall St
==========

Asian markets rose on 31 Aug 2024 after a record day on Wall Street; strong US economic data reassured investors; GDP expanded more than initially thought in Q2; jobless claims dipped; Fed's preferred inflation gauge and non-farm payrolls report upcoming; Fed chair Jerome Powell indicated it's time to lower rates; Atlanta Fed's Raphael Bostic expressed caution regarding September rate cuts; US markets mixed with Dow hitting record high while Nasdaq and S&P 500 fell due to Nvidia's 6.4% drop; Asian tech firms rebounded; Hong Kong up over 1%; inflation in Tokyo rose more than expected in August.

#AsianMarkets #UsEconomy #DowJones #Inflation #FederalReserve #Nvidia #Gdp #JoblessClaims #InterestRates #Tokyo

https://bangladeshpost.net/posts/asian-markets-rally-on-us-data-after-dow-hits-record-on-wall-st-144561 

 Asian stocks edge up ahead of US inflation data
==========

Asian stocks mostly rose on Tuesday as worries about a US recession eased; Tokyo's Nikkei led the rally and briefly topped levels touched at the start of the month before last Monday's rout; Investors remain cautious after a big miss on US jobs creation and geopolitical concerns; Trade was cautious ahead of the release of US consumer and wholesale price figures this week that could play a role in the Federal Reserve's monetary policy decision-making; Oil prices ticked down but remain up about eight percent for the week due to fears of a possible conflict in the Middle East and tensions in Russia.

#AsianStocks #UsInflationData #OilPrices #GeopoliticalConcerns

https://bangladeshpost.net/posts/asian-stocks-edge-up-ahead-of-us-inflation-data-143278 

 Tech-heavy Nasdaq in correction as equity selloff deepens
==========

The Nasdaq Composite index falls 2.4% on Friday, entering correction territory as it drops 10% below its record high; Worries over tech earnings and a slowing US economy contribute to the decline; Disappointing earnings from Amazon and Intel also spook investors; The Nasdaq has slipped into correction territory 24 times in the past 44 years, with the index trading higher a month after in two-thirds of these cases; The last correction occurred in January 2022, with the index falling 36% from its high before bottoming out in December of that year; The Nasdaq is still up 11.8% year-to-date; September and October tend to be volatile months for US shares; The Cboe Volatility index averages 21.8 in October, the highest for any month; Investors are becoming more wary of highly valued tech stocks; James St. Aubin, chief investment officer at Ocean Park Asset Management, sees the current decline as the correction many were expecting; The market is nervous due to various factors piling on top of each other;

#NasdaqCompositeIndex #EquitySelloff #TechEarnings #UsEconomy #InterestRateCuts #CorrectionTerritory #Volatility

https://bangladeshpost.net/posts/tech-heavy-nasdaq-in-correction-as-equity-selloff-deepens-142693 

 Build awareness to prevent juvenile crimes
==========

Participants at a discussion emphasized the need to create awareness among people to prevent adolescent crime. They highlighted the responsibility of families, social leaders, teachers, public representatives, NGOs, and government agencies in guiding adolescents towards the right path. The meeting was organized by the NGO 'Social Development and Training Center' in Jamalpur. The key note paper on prevention of adolescent crime was presented by Mohammad Enamul Haque, Executive Director of the NGO. Other speakers at the meeting included Officer-in-Charge Mahabbat Kabir, human rights workers Jahangir Selim and MH Majnu Mollah, teachers Md Wahab and Amir Uddin, former union Parishad member Mahbubur Rahman, and representatives from Taranga Mohila Kallyan Sangstha and Zigatola Mohila Unnayan Sangstha. The meeting was presided over by Shahid Ullah, President of Bangladesh Environment Movement, Jamalpur District Unit.

#JuvenileCrimes #Awareness #Adolescents #Ngo #Discussion

https://bangladeshpost.net/posts/build-awareness-to-prevent-juvenile-crimes-141629 

 Trading in local currencies among SAARC countries to boost economic growth
==========

Trading in local currencies among SAARC countries has immense potential for economic stability, growth, and regional cooperation. Collaborative efforts, policy innovation, and strategic agreements on local currencies can pave the way for more resilient and integrated regional economies. The seminar on 'Trading in local Currencies: Problems and Prospects for the SAARC Countries' was organized by Bangladesh Bank. Bangladesh Bank Governor Abdur Rauf Talukder, Chief General Manager of Reserve Bank of India Aditya Gayha, Secretary of the Ministry of Finance Md Khairuzzaman Majumdar, Deputy Governor of Bangladesh Bank Md. Habibur Rahman, and Executive Director Saira Yunus spoke at the event. The US dollar has been dominant in international trade, but many countries are seeking alternatives due to geopolitical tensions, economic sanctions, and imbalances. By trading in local currencies among SAARC countries, dependence on the US economy can be reduced, increasing economic stability and reducing exchange risk and transaction costs. Challenges include establishing strong bilateral agreements, cooperation frameworks, ensuring stability and convertibility of local currencies, and maintaining trade balance.



https://bangladeshpost.net/posts/trading-in-local-currencies-among-saarc-countries-to-boost-economic-growth-141559 

 US House okays Ukraine, Israel, Taiwan aid, threatens TikTok
==========

The US House of Representatives has approved a $95 billion package that includes military aid to Ukraine, bolstering Israel and Taiwan's defenses, and threatening to ban Chinese-owned TikTok. The bills were overwhelmingly approved and praised by President Joe Biden. The bill will now go to the US Senate for consideration. The financing of the war in Ukraine has been a point of contention between Democrats and Republicans. The bill also includes provisions to counter China and provide weapons to Taiwan. The aid package for Israel includes $13 billion in military assistance. Iran and Israel appeared to step back from broader conflict as the US approved new Israeli military aid. The Palestinian presidency condemned the aid package to Israel as an aggression against the Palestinian people.

#UsHouseOfRepresentatives #Ukraine #Israel #Taiwan #Tiktok #China #JoeBiden #ChuckSchumer #Russia #Iran #Gaza #Palestine

https://bangladeshpost.net/posts/us-house-okays-ukraine-israel-taiwan-aid-threatens-tiktok-135971