Suzuki to enter electric vehicle market by 2025

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.
19 July 2021, 18:00 PM

Indian rupee hits 3-month low

The Indian rupee dropped to its lowest level in three months on Monday, in line with other Asian currencies, as the rapid spread of the Delta variant of coronavirus threatened to derail economic recovery. 
19 July 2021, 18:00 PM

J&J explores putting talc liabilities into bankruptcy

Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. 
19 July 2021, 18:00 PM

Agro-processors asked to ensure safe workplace

In light of the recent fire at the Hashem Foods factory in Narayanganj, where 52 workers tragically lost their lives, the Bangladesh Agro-Processors’ Association (BAPA) has issued directives to its members regarding safety measures that could help prevent such disasters.
19 July 2021, 18:00 PM

Encourage SMEs to embrace climate adaptation: ICCB

The government should encourage micro, small and medium enterprises to take on appropriate climate mitigation and adaptation measures, said the International Chamber of Commerce Bangladesh (ICCB).
19 July 2021, 18:00 PM

Plug policy gaps to deepen digital inclusion: experts

Experts at a virtual dialogue yesterday emphasised addressing the gaps in policies to enhance digital inclusion since inadequacy in the ICT policies contributes to weak internet infrastructure in the country.
19 July 2021, 18:00 PM

China company to invest $42m in Ishwardi EPZ

Chinese company Vanessa Enterprise has signed a $41.77 million deal with Bangladesh Export Processing Zones Authority (Bepza) to produce accessories for ladies’ intimate garments in the Ishwardi export processing zone (EPZ) in Pabna.
19 July 2021, 18:00 PM

Ctg custom seizes fabrics worth Tk 20 crore imported through forgery

Chattogram Custom House authority today seized 50 tonnes of fabrics worth Tk 20 crore reportedly imported forging fake seal and signature of Dhaka Customs Bond Commissionerate.
19 July 2021, 15:07 PM

ICCB welcomes increased pledges for climate change mitigation of US leaders, G7

The International Chamber of Commerce (ICC) has welcomed announcements at the US Leaders’ Climate Summit and G7 meetings of increased pledges for climate change mitigation and finance.
19 July 2021, 12:13 PM

Stock market index hits 6,405, a new record

The country's stock market index crossed all the previous records and hit 6,405.04 today just a day before the start of a five-day closure for Eid-ul-Azha from July 20.
19 July 2021, 11:55 AM

Sonamasjid land port’s six-day trade closure begins today

Export import activities through Sonamasjid land port will remain closed for six days from today for Eid-ul-Adha.
19 July 2021, 11:03 AM

Environmental concerns grow as space tourism lifts off

After years of waiting, Richard Branson’s journey to space this month on a Virgin Galactic vessel was supposed to be a triumphant homecoming. Instead, the jaunt attracted significant criticism -- about its carbon footprint.
18 July 2021, 18:00 PM

Visa offers Islamic banking cards

Digital payments platform Visa yesterday launched a service in Bangladesh in line with Islamic banking principles. 
18 July 2021, 18:00 PM

Brazil power operator asks for maintenance delays amid drought

Brazil’s national power grid operator (ONS) has asked electricity generators to postpone maintenance and technical work for as long as possible to help avoid worsening the energy crisis stemming from the country’s worst drought in almost a century. 
18 July 2021, 18:00 PM

LVMH-backed fund to buy 60pc of Italian fashion label Etro

L Catterton, a private equity firm backed by French luxury giant LVMH, has agreed to buy a 60 per cent stake in Italian fashion company Etro, two sources familiar with the matter said on Sunday. 
18 July 2021, 18:00 PM

Fed’s Kashkari says many US sectors struggling to adjust to reopening

Minneapolis Federal Reserve President Neel Kashkari said many US economic sectors faced rapidly rising prices and were struggling to adjust to reopening after the shutdown. 
18 July 2021, 18:00 PM

Opec+ meets to agree oil supply boost as prices rise

OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. 
18 July 2021, 18:00 PM

Flipkart says Indian probe shouldn’t treat it the same as Amazon

Walmart’s Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was “qualitatively different”, Flipkart argued in a court filing seen by Reuters. 
18 July 2021, 18:00 PM

What might the Bank of England do to wean the UK economy off stimulus?

Two top Bank of England officials surprised investors this week by saying the time might be nearing for the British central bank to rein in the huge stimulus programme it has used to steer the economy through the coronavirus crisis. 
18 July 2021, 18:00 PM

Balikandi leather hub going bust

Balikandi of Moulvibazar sadar upazila has a long history of being a hub for leather trade in the greater Sylhet division. Even a few years ago, hundreds of people were making a living out of it.
18 July 2021, 18:00 PM