Chinese automaker Geely will keep working on vehicles powered by methanol even though the effort may fail, chairman Li Shufu said on Sunday.

Around 90 per cent of people of Bangladesh are forced to buy low-quality products when the prices increase as their incomes do not go up in keeping with the upward movement of basic items’ prices, speakers said yesterday.

German Chancellor Angela Merkel on Sunday said she hoped that a new Group of Seven task force can present first infrastructure projects in developing countries in 2022.

The ICT Division will likely commence an IT audit on banks next month to measure their capability to thwart cyberattacks as growing digitalisation and remote working arrangements have augmented the financial sector’s exposure to online crimes.

Bitcoin dropped 5.71 per cent to $35,210 at 0600 GMT on Saturday, losing $2,131.11 from its previous close.

The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry.

The Group of Seven nations on Sunday pledged to rapidly scale up technologies and policies that accelerate the transition away from unabated coal capacity, including ending new government support for coal power by the end of this year.

Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising Covid-19 vaccination rates help lift pandemic curbs.

The Group of Seven leaders on Sunday pledged to work together to tackle carbon leakage, weeks before the European Union is due to propose a world-first plan to impose CO2 emission costs on imports of certain polluting goods.

Germany on Sunday said it has taken steps towards a bilateral alliance on hydrogen production and trade with Australia to try and facilitate a renewable energy-based hydrogen supply chain between the countries.

Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which is aiming to remain attractive whether or not it signs up to a global tax initiative.

Even in the face of rising inflation, the lackluster progress on restoring jobs lost during the pandemic means the US Federal Reserve is unlikely to budge on monetary policy when it meets next week.

The proposed budget for the 2021-2022 fiscal year acknowledges the Fourth Industrial Revolution and calls for strategies to create IT entrepreneurs and jobs for Bangladeshis abroad.

The stock market took a dip yesterday thanks to the profit booking tendency among investors with the insurance sector leading the plunge. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 30.58 points, or 0.50 per cent, to 6,036.

Various experts yesterday stressed the need to review the vaccination roadmap to bring most of the population under its coverage in the shortest possible time as mass inoculation is the only way to get rid of the ongoing Covid-19 pandemic.

Bangladesh Small and Cottage Industries Corporation (BSCIC) inaugurated its “one-stop service” yesterday to attract domestic and foreign investment.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has demanded the government to allow the unconditional import of capital machinery and spare parts on payment of only 1 per cent import tariff for the next fiscal year 2021-22.

Standard Chartered and Channel i have jointly announced the launch of Standard Chartered - Channel i Agrow Award 2021.

Bangladesh Frozen Foods Exporters Association (BFFEA) today said that the export of processed frozen shrimp and fish is being hampered due to shortage of refrigerated containers in the country's sea ports.

Bangladesh Bank today drew up a detailed policy guideline on post import financing (PIF), a first of its kind in the country’s banking sector.