German carmaker Volkswagen reported a jump in first quarter profits Thursday but warned that a global shortage of semiconductors that has hurt production would have a “more significant impact” in the coming months.

IDLC Finance has announced partnering with four non-profit, voluntary organisations to provide dry food to 9,000 daily wage earning and lower-middle income families in 30 districts affected by the pandemic.

China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for strained relations between the two countries.

Rumee A Hossain has been re-elected as the chairman of the executive committee of the board of Bank Asia Ltd in the 453rd meeting of the board of directors held recently.

US private firms added 742,000 jobs in April, according to a survey released Wednesday, fewer than expected but nonetheless the fourth consecutive month of gains as the economy recovers from the Covid-19 pandemic.

US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the European Union amid unease in the region over the reach of US legislation on personal data collection.

The startup scene in Bangladesh has huge potential but needs policy support to meet its demand for funding and make a bigger contribution to the economy, according to experts.

Bangladesh Bank yesterday allowed courier service providers (CSPs) to use banking channels to settle payments for their services.

After a year of layoffs and uncertainty, data released on Wednesday showed the US service sector adding jobs and expanding in April, as the world’s largest economy bounces back from the worst of the Covid-19 pandemic.

Bangladesh added 31.37 lakh new mobile internet users in March in its subscriber base, which is the highest monthly addition in around a year and a half.

Stocks of Orion Pharmaceuticals topped the gainers’ list with a 9.83 per cent rise yesterday after the news broke that the pharma company wants to produce Covid-19 vaccine in the country.

The election board of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday declared the names of 78 directors who were elected uncontested.

Square Pharmaceuticals will launch its production facility in Kenya within the next four months in a move that will considerably enhance the company’s earnings from East African nations.

Production in a number of local chemical, textile and glassware factories is facing setbacks for delays in the shipment of soda ash by Indian exporters over the past four months.

Although almost all the people who had lost their jobs in April to May last year because of the pandemic-induced economic downturn found jobs by February, 86 per cent said they are not earning enough to meet their daily necessities, according to a survey.

The European Union aims to help industries slash greenhouse gas emissions by promoting a rapid expansion of investment in low-carbon technologies, partly through schemes with easier state aid rules, according to a draft policy plan seen by Reuters.

The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions about the future of their hugely influential charity.

IPDC Finance recently witnessed a deputy managing director being promoted to the post of additional managing director. The official, Rizwan Dawood Shams, had joined as a senior manager under corporate investment on November 1, 2007, says a press release.

Rumee A Hossain has been re-elected as the chairman of the executive committee of the board of Bank Asia in the 453rd meeting of the board of directors held recently.

Prime Bank recently witnessed the appointment of a deputy managing director who would also act as a chief anti-money laundering compliance officer and a chief risk officer.