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Germany commits fresh 191 million Euro grant for Bangladesh

Germany has made commitments of extending another 191 million Euro in grant to Bangladesh at the latest round of Bangladesh-German Development Cooperation Negotiations 2022.
8 December 2022, 15:31 PM

FBCCI seeks UK partnership for technology transfer

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought partnership with the UK for technology transfer and supply chain development to ensure smooth graduation of Bangladesh from the least developed country (LDC) category.
8 December 2022, 13:17 PM

Bangladesh to get $250 million from AIIB as budget support

The Asian Infrastructure Investment Bank (AIIB) has agreed to give $250 million in loan as budget support to implement the Strengthening Social Resilience Programme (sub-programme 2).
7 December 2022, 16:09 PM

‘Next 10 years crucial for Bangladesh to fight climate change, poverty’

The next ten years are crucial for Bangladesh to prepare, adapt and transform societies, economies and all ecosystems as the world is now facing triple and interconnected crises: the climate emergency, rapid damage to biodiversity and extreme poverty, FBCCI President Md Jashim Uddin said.
7 December 2022, 15:58 PM

Leather goods export to hit $10 billion by 2030: Munshi

Leather and leather goods export from Bangladesh will rise by 10 times to $10 billion by 2030 from the existing $1 billion, Commerce Minister Tipu Munshi said today.
7 December 2022, 14:37 PM

Europe’s inflation problem will linger for years to come

Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central Bank's 2 per cent target, keeping pressure on the ECB to tighten policy well into 2023.
6 December 2022, 13:16 PM

‘Bangladesh committed to cut carbon emission by 22% within 2030’

Bangladesh is the globe’s one of the lowest carbon emitters, but still the country is committed to cut carbon emissions by 89.47 million tonnes or 21.85 per cent of carbon dioxide by 2030, FBCCI President Md Jashim Uddin said today.
6 December 2022, 12:59 PM

Info sought on Evaly’s customer number, money stuck in gateways

The commerce ministry has recently asked Evaly to share information about the exact number of customers of the troubled e-commerce company and the amount of its money that is stuck up in the payment gateways.
5 December 2022, 13:26 PM

Srihatta economic zone starts production

Srihatta Economic Zone has become active as a door and window manufacturing company started production in the special area in Moulvibazar’s Sherpur.
5 December 2022, 13:08 PM

Oil prices rise after OPEC+ keeps output cut targets

Oil prices edged up today after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
5 December 2022, 07:57 AM

Europe can't look to US shale to fill any OPEC gap

US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world's largest producer, but now they are running out of runway.
3 December 2022, 14:18 PM

Foxconn unrest risks iPhone shipments

Foxconn's (2317.TW) flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit.
26 November 2022, 05:26 AM

Amazon workers call worldwide strike on Black Friday

Workers at Amazon sites across the globe, including in the United States, Germany, and France, were expected to go on strike on Black Friday (November 25, 2022), targeting the online retailer on one of the busiest shopping days of the year with calls for better pay.
25 November 2022, 13:43 PM

China's great reopening may come too late for many businesses

The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh Covid-19 restrictions.
22 November 2022, 11:19 AM

Qatar signs world's 'longest' gas supply deal with China

QatarEnergy announced a 27-year natural gas supply deal with China Monday, calling it the "longest" ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
21 November 2022, 16:23 PM

Can Ukraine's grain deal ease the global food crisis?

A deal to free up vital grain exports from Ukraine's southern Black Sea ports - which had been due to expire on November 19 - was extended on Thursday for 120 days.
21 November 2022, 12:12 PM

Amazon lays off some staff as it targets 10,000 cuts

Amazon.com Inc (AMZN.O) on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources.
17 November 2022, 02:30 AM

‘Bangladesh, a potential destination for Singaporean investment’

Businesses from Singapore can invest in Bangladesh’s different sectors, including information technology, pharmaceuticals and hospitality, as the south Asian country offers a wide range of facilities to the foreign investors, trade experts said today.
16 November 2022, 16:17 PM

Singaporean bank DBS to open representative office in Dhaka

Singaporean bank DBS today announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.
16 November 2022, 13:59 PM

NBR wants tax from Nora Fatehi’s visit expenses

The tax authority has requested the home, cultural affairs and other agencies to ensure payment of source tax from payment of honorarium and other expenses for Bollywood artist Nora Fatehi.
14 November 2022, 11:06 AM