Germany proposes ‘climate club’ to avoid trade friction

Germany wants the European Union to create a “climate club” with other countries like the United States, Japan and possibly even China to avoid trade friction linked to green tariffs such as a planned carbon border levy.
23 May 2021, 18:00 PM

Big US firms pushed to tally progress on racial justice

The killing of George Floyd prompted a wave of promises from corporate America to advance racial equity. Nearly a year later, large US companies are under pressure to show progress on fulfilling those promises.
23 May 2021, 18:00 PM

Allocate special fund for small enterprises: experts

Special allocation is needed for the cottage, micro, small, and medium enterprises (CMSMEs) in the upcoming budget to recover the losses induced by the Covid-19 pandemic, speakers said at a webinar.
23 May 2021, 14:53 PM

Govt working hard to bring in Covid-19 vaccine: planning minister

People who took the first Covid-19 jab still has time to take the second dose, as the gap between the two jabs can be as long as 12 weeks, up from eight weeks maintained in Bangladesh, experts said at a webinar today.
23 May 2021, 13:36 PM

Bangladesh-US economic relation still largely unutilised, experts say at AmCham event

Bangladesh-US economic relation has largely remained unutilised although after 50th anniversary of independence of the Asian country as Bangladesh’s bilateral trade with the US is too poor compared to that of its competitive countries, experts said today.
23 May 2021, 12:29 PM

Banking hour 10am to 2:30pm until May 30

Bangladesh Bank today extended the banking hour by half an hour and decided to keep banks open from 10am to 2.30pm from tomorrow until May 30.
23 May 2021, 11:44 AM

Ship owner says Suez Canal was at fault over Ever Given grounding- lawyer

The owner of a container ship that blocked the Suez Canal in March says the canal authority was at fault over its grounding as it disputes the vessel's detention and a compensation claim, a lawyer representing the owner said on Saturday.
22 May 2021, 20:12 PM

Implement SME stimulus fully to help them survive

The government should implement the current stimulus packages for the cottage, micro, small and medium enterprises (CMSMEs) and announce another round of support in the upcoming budget to help them survive, said experts and entrepreneurs.
22 May 2021, 18:00 PM

Textile firms stare at falling profits

Listed textile and garment makers are still suffering from falling profits, impacted by lower sales of clothing in the markets abroad amid the ongoing coronavirus pandemic.
22 May 2021, 18:00 PM

Fed officials, new data start lowering expectations for US jobs

Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun the supply of people able or willing to work.
22 May 2021, 18:00 PM

Cash takes back seat as Covid drives card use

The use of both credit and debit cards went up heavily in March as people purchased more products and services through digital means amid the recent resurgence of Covid-19.
22 May 2021, 18:00 PM

Boeing plans new 737 MAX output jump in late-2022

Planemaker Boeing Co has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022, industry sources said, in a bid to extend its recovery from overlapping safety and Covid-19 crises.
22 May 2021, 18:00 PM

Lack of info, support barrier to more Japanese investment

Japanese companies doing business in Bangladesh are facing challenges during the coronavirus pandemic, including a lack of information and support from authorities, which may dent the flow of investment, according to investors and a recent survey.
22 May 2021, 18:00 PM

China vows to crack down on bitcoin mining, trading activities

China will crack down on bitcoin mining and trading activities as part of efforts to fend off financial risks, the State Council’s Financial Stability and Development Committee said on Friday.
22 May 2021, 18:00 PM

Pakistan sees preliminary economic growth of 3.9pc for 2020-21

Pakistan said on Friday its economy was on course to grow 3.94 per cent in the financial year 2020/2021 that ends in June, almost double the International Monetary Fund (IMF) and World Bank’s projections, as it recovers from the worst of the pandemic.
22 May 2021, 18:00 PM

UK stocks flat as miners stymie strong retail sales

London’s FTSE 100 was flat on Friday, posting a weekly loss, as weakness in mining stocks countered a bigger-than-expected jump in retail sales and business activity.
22 May 2021, 18:00 PM

Apple App Store profits look ‘disproportionate’

A federal judge on Friday grilled Apple Inc Chief Executive Tim Cook over whether the iPhone maker’s App Store profits from developers such as “Fortnite” maker Epic Games are justified and whether Apple faces any real competitive pressure to change its ways.
22 May 2021, 18:00 PM

White House pares infrastructure proposal to $1.7 trillion, Republicans balk

The White House said on Friday it had pared down its infrastructure bill to $1.7 trillion from $2.25 trillion, with cuts to investments in broadband and roads and bridges, but Republicans dismissed the changes as insufficient for a deal.
22 May 2021, 18:00 PM

Euro zone business growth hits three-year high but ECB cautious

Euro zone business growth accelerated at its fastest pace in over three years in May, a survey showed on Friday, but European Central Bank President Christine Lagarde said an uncertain recovery still needed emergency support from the ECB.
22 May 2021, 18:00 PM

US manufacturing accelerates

US factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.
22 May 2021, 18:00 PM