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Biden strengthens US-Vietnam ties
US President Joe Biden has solidified agreements with Vietnam on semiconductors and minerals as Vietnam grants Washington top diplomatic status alongside China and Russia. For months, the US has sought this upgrade, considering Vietnam vital in securing global supply chains and reducing China-related risks. Biden’s visit to Hanoi marked 50 years since the Cold War […]
BY Insider Desk
Biden, Modi, and Gulf leaders plan infrastructure pact
US President Joe Biden, along with Indian Prime Minister Modi and leaders from Gulf states, are preparing to unveil a joint infrastructure agreement during the upcoming Group of 20 summit in Delhi this weekend, reported The Times of India. The initiative forms part of the US’s strategy to counter China’s growing influence in the region, […]
BY Insider Desk
Anticipated surge in wheat consumption in Bangladesh
The US Department of Agriculture (USDA) has indicated a substantial rise in wheat consumption in Bangladesh for 2023-24. This projection is primarily attributed to increased imports and a renewed demand for flour, which has spurred a reduction in wheat prices. In its recently published report, the USDA projects a potential total consumption of 68 lakh […]
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China thwarts $5.4 billion Intel microchip deal
Intel, the prominent American microchip manufacturer, has abandoned its proposed $5.4 billion merger with Israel’s Tower Semiconductor. This development highlights the escalating strained business relations between the United States and China. After a prolonged 18-month wait for Chinese regulators’ review, Intel has mutually agreed to dissolve the deal. This setback may shadow other American companies […]
BY Insider Desk
Fitch’s US credit rating downgrade illuminates long-term structural risks in global bond markets
The recent decision by Fitch Ratings to strip the United States of its top credit rating had a seemingly muted impact on financial markets. However, beneath the surface, this event has triggered contemplation about the inherent, longer-term structural vulnerabilities that investors in government bonds might not yet fully comprehend. While the immediate focus post the […]
BY Insider Desk