Youngone Corporation, the Korean multinational conglomerate in Bangladesh, today launched country’s largest rooftop based solar electricity system in its Korean Export Processing Zone (KEPZ) in order to meet part of its power demand through renewable sources.

The governments should increase the spending in the economy for quick recovery from the fallouts of Covid-19 as some countries have been enjoying the benefit of increased public spending, said an economist on Saturday.

Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the US central bank’s benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength.

HSBC on Friday said it will incur a hefty charge of 1.9 billion euros with the sale of its French retail banking operations to French lender My Money Group.

Eight years ago, Midland Bank Ltd set out with a vision to become a bank for the masses riding on technology and reaching the unbanked in the hinterland.

The 15th Bangladesh International Plastics, Printing and Packaging Industry Fair (IPF) will begin on July 5.

There is no alternative to installing prepaid metres in residential areas to stop people from availing illegal gas connections and save energy for the future, experts told a virtual webinar yesterday.

Asian Development Bank (ADB) is providing a loan of $250 million to Bangladesh to help its finance reforms aimed at improving the inclusiveness and responsiveness of the country’s social development and resilience programmes.

Prime Minister’s Private Industry and Investment Affairs Adviser Salman F Rahman yesterday said the country’s stock market has a good future.

Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and the “meme” stock craze.

They were the hardest hit segment when the whole economy came to a halt because of the countrywide pandemic-induced lockdown.

The first storm to hit oil-producing regions of the US Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.

Bangladesh is missing out on refining imported crude oil cheaply and saving valuable foreign currencies as it uses a plant that is more than half a century old and has failed to set up a new unit in a decade.

Gold purchases in India ticked up in the later part of the week after a decline in local rates, although dealers cautioned that demand is unlikely to return to normal levels soon.

US-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49 per cent of Saudi oil producer Aramco’s pipelines business for $12.4 billion.

AirAsia Group Bhd’s chief executive officer said the aviation industry could return to normal next year as international borders gradually reopened, state news agency Bernama reported on Saturday.

Tesco’s sales growth has slowed sharply since the easing of the latest coronavirus lockdown as people start to visit pubs and restaurants again, Britain’s biggest retailer said on Friday.

British retail sales fell last month on easing lockdown curbs, as people dined at bars and restaurants instead of buying food at supermarkets, data showed Friday.

Eight banks previously excluded from syndicated debt sales backing the European Commission’s up to 800-billion-euro ($950.7 billion) Covid-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday.

Japan’s central bank on Friday announced its first investment fund for efforts to address climate change, as the government works towards its new target of reaching carbon neutrality by 2050.