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economy back on track so that it does not come to a standstill, finance and planning adviser Salehuddin Ahmed has said. Former Bangladesh Bank governor Ahmed was entrusted with the charge of the finance and planning ministries by interim leader Muhammad Yunus, who announced the portfolios of his 16-member council of advisors on Friday. The interim government was formed after the fall of the Sheikh Hasina-led Awami League government on August 5 following widespread protests against her government over a controversial quota system in jobs. Talking to reporters on Saturday for the first time after assuming office, Ahmed said the government's priority is to restore the trust of common people in the banks while resuming the operations of the central bank.

Somanathan as India's new cabinet secretary. A 1987 batch Tamil Nadu cadre IAS officer and current finance secretary, Somanathan will serve a two-year term, initially assuming the role of officer on special duty. He will take over India's top bureaucratic post on August 30, according to a statement from the Department of Personnel and Training (DoPT). With a distinguished career spanning over three decades, he has held various key positions, including joint secretary in the Ministry of Corporate Affairs, and joint secretary and additional secretary at the Prime Minister's Office. Bold Policy Reforms

August one of the most dangerous months in the financial calendar of any economy? This question popped up after a meltdown in the US market triggered worldwide mayhem last week. Though the US Federal Reserve's Chairman Jeremy Powell rushed to indicate a cut in the interest rates in September, he could not prevent the Japanese stock markets from crashing. People also recalled the crash of the US market after the Iraqi forces under Saddam Hussein crossed the border on August 2, 1990, and invaded Qatar. Fears of the crude oil prices skyrocketing and destabilizing the oil market dynamics hit the capital market hard and it collapsed.

India is the country among major global economies that experienced the fastest growth in intangible investment from 2011 to 2020, according to a recent report. The World Intellectual Property Organisation (WIPO) said in its report that India recorded the fastest growth in intangible investments, exceeding countries like Sweden and the US — the two most intensive economies in terms of intangible investment as a share of GDP.

U.S. inflation numbers, the latest Japanese economic data and a slew of UK data could give investors a fresh steer.

hongben, or red booklets, as proof of ownership. These look just like urban-property certificates. In one village, however, residents are unable to produce them—they say they are being stored by the village authorities (a clue, probably, to who really controls the rights).

Bangladesh was hailed as an economic miracle. Its singular focus on exporting textiles and apparel delivered rapid growth, lifting millions out of poverty and winning the country's prime minister, Sheikh Hasina, fame and admiration. But Hasina's abrupt exit from power this week has exposed the limitations of that strategy, as Bangladesh struggles to combat steep inflation and joblessness that economists say are largely the result of poor policy decisions. Her increasingly authoritarian rule and Bangladesh's widespread corruption only added to the frustration that boiled over and forced her ouster. Now, Bangladesh must decide its future.

festive season is sparking a burst of temporary hiring, with 600,000-700,000 jobs likely to be created across industries. Demand for temporary staff is surging 15-20% year-on-year, fuelled by an anticipated increase in consumer spending, resurgence in the rural economy amid prospects of a good harvest and a buoyant stock market, said staffing firms including Quess, Randstad, Adecco, CIEL HR Services and TeamLease Services. Ecommerce and logistics are likely to see the highest jump of 30-35% in temporary hiring, though demand is also strong from the consumer, banking, financial services and insurance (BFSI), retail and hospitality sectors, the firms said. “We are still in the early stages but there’s already been a considerable rise in festive demand. We are expecting to see some 600,000- 700,000 temp jobs being created across sectors this year,” said Lohit Bhatia, president, workforce management, Quess Corp.

domestic accounting firms to merge and acquire scale. The government is of the view this will help create large domestic audit firms akin to the Big Four, people aware of the development said. The Ministry of Corporate Affairs (MCA) could outline some details as part of the new government's 100-day agenda, one of them said. The LLP law and the Companies Act could be amended in the winter session of Parliament, likely to be held in December, he added. The ministry is also engaged in talks with the Institute of Chartered Accountants of India (ICAI), which has decided to relax key provisions in its regulatory framework to facilitate the "aggregation of chartered accountant firms," the person said.

Steady employment levels in July mask “some warning signs” about the health of the Canadian labour market, with most economists expecting the latest figures will open the door for more interest rate cuts to come from the Bank of Canada.

A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September — a finding that’s at odds with calls from some large Wall Street banks for a jumbo cut at the next meeting.

Late Thursday, Coinbase Chief Legal Officer Paul Grewal publicly challenged the Commodity Futures Trading Commission’s (CFTC) proposed ban on event contracts.

TOKYO—The Bank of Japan’s policy board was moving to raise rates above zero when its youngest member spoke up in dissent. He was nervous about whether the stock market might take a dive and commented, “The cost of waiting is not all that high." Kazuo Ueda was outvoted 7-2 on that day in August 2000, but the prescient call made his reputation. Soon the dot-com bubble burst and the central bank had to ease policy again.

Growing concerns about the US economy which have reignited talk of recession – and this week’s market volatility – are weighing on sentiment of retail investors in equities.

As we go to press Thursday financial investors are already choosing to forget the tremors that hit global markets Monday. The theory appears to be that after a brief period of policy-induced upset, global finance has stabilized and we’re out of the woods. Alas, dear friends, we’ve barely wandered into the forest.

Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve, the most explicit indication so far of his interest in infringing on the central bank's independence should he regain the White House. «I feel the president should have at least (a) say in there,» the former president told reporters at his Mar-a-Lago residence in Florida. «I think that in my case, I made a lot of money, I was very successful, and I think I have a better instinct than in many cases, people that would be on the Federal Reserve or the chairman.» Trump allies have drafted proposals that would attempt to erode the Fed's independence if he wins, the Wall Street Journal reported in April. The Trump campaign distanced itself from the report at the time.

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve

Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis

U.S. stocks rallied to their best day since 2022 following an encouraging update on the job market

'Rich Dad, Poor Dad' has predicted a very grim economic future for California. Taking to X, Robert Kiyosaki has warned that California faces a dire fiscal situation, it may go broke.