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Economy

New York protesters demand $15 minimum wage

NEW YORK – Thousands of demonstrators, including many fast-food workers, protested in New York on Wednesday demanding a minimum wage of $15 an hour to escape poverty in America’s largest city, reports AFP. Fast-food workers held strikes in more than ...

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GDP growth 6.5pc in nine months

WT24 Desk Bangladesh in the first nine months (July-March) of the current 2014-15 fiscal registered 6.5 per cent GDP (Gross domestic product) growth. “The rate of GDP growth stood at 6.5 per cent in nine months, but it would be ...

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IMF sees solid global economic outlook

The International Monetary Fund highlighted an increasing divergence in the growth paths of the world’s major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging ...

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Oil prices rebound; gold firms

LONDON – Oil prices rebounded and gold firmed this week as markets reacted to geopolitical concerns and the outlook for interest rates in the United States, AFP reports. A strong dollar meanwhile capped gains for certain commodities priced in the ...

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Flow of remittances picked up in March

After a slight fall in February, the inflow of remittances picked up again as the expatriate Bangladeshis sent home US$1,332.40 million in March, which is 12 percent or $142.80 million higher than the month of February this year, BSS reports.  ...

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IMF defends huge support for war-torn Ukraine

The International Monetary Fund yesterday defended its risky new $17.5 billion loan to Ukraine after eight failed programs with the country, stressing the government was committed to discipline and reform, AFP reports.  IMF first deputy managing director David Lipton said ...

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