Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, a British regulator said on Friday, removing what some said was a threat to the functioning of the market.

Malaysia’s government and state fund 1Malaysia Development Berhad (1MDB) are seeking over $5.6 billion in damages from KPMG partners for alleged breaches and negligence linked to a corruption scandal at the fund, court documents seen by Reuters showed. 

US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto a global corporate tax deal, but added that it wasn’t necessary for all nations to adopt it.

India’s fuel demand recovered last month after slumping to a nine-month low in May, as restrictions to curb the spread of the pandemic were eased and mobility picked up. 

China’s market regulator on Saturday said it would block Tencent Holdings Ltd’s plan to merge the country’s top two videogame streaming sites, Huya and DouYu, on antitrust grounds. 

Investors are looking to US companies’ upcoming quarterly results and forecasts about the recovery in the second half of 2021 as some worry that the recent economic surge is already waning.

Oil prices rose for a second day on Friday as the market reacted to falling US inventories, and signs of strong Asian demand from both China and India added support.

Various labour rights organisations yesterday demanded exemplary punishment for those responsible for the death of at least 52 workers in a fire at the Hashem Foods factory in Rupganj upazila of Narayanganj district.

Government and semi-government agencies failed to disburse the entire Tk 570 crore earmarked for the pandemic-hit small traders, entrepreneurs and farmers for the last fiscal year under a stimulus package.

Cash recovery from defaulted loans declined sharply in the first quarter of this year as business activities of the beleaguered clients in Bangladesh worsened due to the economic hardship stemming from the Covid-19 pandemic.

Bangladesh should launch intensive negotiations with World Trade Organization (WTO) members to secure the benefits of the platform’s agreement on the Trade-Related Aspects of Intellectual Property Rights (TRIPS), said a noted economist yesterday.

The government yesterday permitted five local tanneries to export wet blue leather for one year as a measure to create a demand for rawhide in the domestic market during Eid-ul-Azha, the peak season for the availability of leather.

Alam Hossain took to rearing about 100 cattle at his farm in Bakalipara village under Chirirbandar upazila of Dinajpur in spite of the emergence of the coronavirus pandemic last year hoping to become self-reliant.

Finance chiefs of the G20 large economies endorsed a landmark move to stop multinationals shifting profits to low-tax havens at talks on Saturday where they will also warn that coronavirus variants threaten the global economic recovery. 

China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to the need the occasional pick-me-up while the coronavirus pandemic lasts. 

President Joe Biden signed a sweeping executive order on Friday to promote more competition in the US economy, urging agencies to crack down on anti-competitive practices in sectors from agriculture to drugs and labor. 

Bangladesh should launch an intense negotiation with the members of the World Trade Organisation (WTO) to secure benefits of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) even after the country’s economic graduation in 2026, noted economist Debapriya Bhattacharya said today.

The government is working with its utmost importance to remove the existing barriers in the export of fruits and vegetables to the developed countries, Agriculture Minister Muhammad Abdur Razzaque said today.

The government today permitted five local tanneries to export wet blue leather for one year as a measure to create a demand for rawhide in the domestic markets during the peak season at Eid-ul-Azha.

The Rupganj incident illustrates the importance of taking adequate fire safety measures while constructing buildings in Bangladesh, the International Labour Organisation (ILO) said in a statement today.