Indian state refiners will buy 36 per cent less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week.

Fans of LG Electronics smartphones rued the loss of more affordable Android-based devices after the South Korean tech company said on Monday it would quit the business, with some praising LG for the innovation it brought to the industry.

The level of unemployment in the eurozone did not change in February, official data showed on Tuesday, as national schemes to keep companies afloat held off the worst effects of the pandemic.

India’s annual electricity demand fell for the first time in at least 35 years in the fiscal year to March, government data reviewed by Reuters showed, mainly due to strict coronavirus-induced lockdowns across the country.

Swedish fashion giant H&M is to lay off more than 1,000 staff in Spain who are currently on furlough due to the pandemic, the Workers’ Commission (CCOO) union said Tuesday.

Residents in Dhaka and other parts will be able to get delivery of foods and products they purchase from e-commerce platforms from morning till midnight, said the Ministry of Commerce in a notification today.

The commerce ministry has extended the deadline for holding elections to executive councils of all trade bodies till December 31 this year.

After the World Bank, the International Monetary Fund (IMF) has also revised up its growth forecast for Bangladesh economy.

The US-Bangladesh Business Council will be launched today virtually to boost the bilateral trade and investment between the two countries.

Finance Minister AHM Mustafa Kamal has sought $500 million in loans from the World Bank to help the south Asian nation implement its budget.

Business owners and employees continued their demonstration demanding government let their businesses run during the “lockdown” for the second consecutive day today.

Agriculture ministry today begins distributing subsidised agricultural machinery among farmers across the country under the biggest ever farm mechanisation project involving Tk 3,020 crore.

Stocks continued going upwards for the second day today thanks to the purchasing tendency of the investors in the presence of many lucrative shares.

Owners of small businesses in Rajshahi defied the government-imposed restrictions and opened their shops this morning.

Merchandise export earnings rebounded sharply with a 12.59 per cent year-on-year rise to hit $3.07 billion in March thanks to the recovery in garment shipment over the last few months on the back of relaxed lockdowns.

The collapse of the Archegos fund is only the most recent example of how extreme liquidity can make financial markets more volatile and sometimes lead to bizarre outcomes.

Equities mostly rose in Asia yesterday following a forecast-busting US jobs report and as investors kept tabs on the progress of Joe Biden’s latest economy-boosting spending package.

Chinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets -- but they may struggle to find talent in the city-state.

Ceramic manufacturers have demanded the withdrawal of supplementary duties on tiles and sanitary products at production stage to protect the local firms and recover from the losses caused by the coronavirus pandemic.

Faruque Hassan, the president-elect of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has vowed to beef up international marketing to recover the apparel export losses that stemmed from the fallout of the coronavirus pandemic.