Electric vehicle maker Tesla, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said.

The country’s ceramic manufacturers have demanded low-cost funds on easy terms for payment of their workers’ salaries, allowances and Eid bonuses.

The Hongkong and Shanghai Banking Corporation (HSBC) and Unilever Bangladesh this month are said to have conducted their first transaction using an electronic supply chain finance platform of the lender.

The strong performance of the US economy fuelled by the Biden administration’s relief cheques to the people and the ongoing rapid vaccination holds promises for the recovery of Bangladesh’s garment shipment to its single largest export destination.

Jamuna Bank yesterday witnessed the appointment of a new chairman of its board of directors.

The government may increase its allocation for incentive expenses for remittance in the next fiscal year as it looks to retain the surge of the flow of the cheapest source of foreign currencies for Bangladesh.

Hong Kong’s economy jumped back into growth in the first quarter of the year, official figures showed Monday, ending the city’s most pronounced period of recession in its modern history.

Mobile financial services have gained immense popularity in Bangladesh, particularly among lower-income groups, but the charge to withdraw funds has remained almost unchanged since the inception of the digital platform in 2011.

The US Federal Reserve has signalled it will tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.

Euro zone factory activity growth surged to a record high in April, boosted by burgeoning demand and driving a rise in hiring, although supply constraints led to an unprecedented rise in unfulfilled orders, a survey showed.

Humanity currently faces a three-pronged crisis -- the loss of life, a slide in income, and a dwindling economy -- due to the ongoing coronavirus pandemic that began in December 2019.

The US nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a US central bank digital currency, the first effort of its kind in the United States.

The country's foreign exchange reserves today hit a new record of $45.1 billion thanks to the upward trend of remittance and lower import payments.

The consumers will now be able to buy a litre of edible oil at Tk 141 as the refiners and manufacturers have reduced the price by Tk 3 per litre.

Finance ministers and central bank governors from China, Japan and South Korea on Monday vowed "targeted" measures for those countries most affected by the COVID-19 pandemic, and committed to foster fiscal and financial stability.

Seven West Media Ltd expects digital revenue from the agreements to start before the end of fiscal 2021, with the majority of it coming in fiscal 2022.

Vaccine imports from India contributed to 40 per cent higher profits for Beximco Pharmaceuticals in the past nine months.

Remittance inflow surpassed the $20-billion mark in the first 10 months of this fiscal year riding on the relentless efforts of migrant workers to send their hard-earned money home through banking channels.

Earnings from merchandise exports surged as much as six times year-on-year to $3.13 billion in April thanks to a rebound in apparel shipment buoyed by the reopening of the economies in the US and Europe.

After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices.