Meta posts big profit, aims to take AI lead

The parent company of Facebook, Instagram, and WhatsApp saw its net income soar 59 percent to $62.36 billion for the full year, while fourth-quarter profits jumped 49 percent to $20.84 billion.
30 January 2025, 05:56 AM

SoftBank eyes $15-25 bn investment in OpenAI: FT

The report comes after Chinese startup DeepSeek sparked panic this week with a powerful new chatbot developed at a fraction of the cost of its US competitors, dealing a blow to markets.
30 January 2025, 05:53 AM

Market-based pricing can cut fuel prices by Tk 10-15 a litre: CPD

The existing automatic pricing formula does not reflect global markets, the think-tank says
29 January 2025, 14:36 PM

Top UAE companies to invest in Bangladesh

Two major companies from the United Arab Emirates, Abu Dhabi Ports Group and Masdar, have unveiled plans to invest in Bangladesh’s port development, management, and logistics, as well as the renewable energy sector.
28 January 2025, 19:12 PM

Increasing efficiency of NBR essential for business growth

Finance Adviser Salehuddin Ahmed yesterday said that increasing the efficiency of the National Board of Revenue (NBR) is essential for the growth of trade and commerce in the country.
27 January 2025, 18:00 PM

Don’t hike gas price further: factory owners

Four associations, including BGMEA, sent joint letter to the power adviser
27 January 2025, 14:19 PM

Davos presents elites with economic Rorschach Test

Muhammad Yunus, the Nobel laureate who is leading Bangladesh’s government after protests forced out the previous prime minister, told Reuters Breakingviews that the upheaval in his country demonstrated the dangers of sycophantically praising politicians who pursue headline GDP growth without much thought about the consequences.
27 January 2025, 11:08 AM

China manufacturing activity contracts for first time in four months

Policymakers have battled to reverse a post-pandemic slump driven by a crisis in the property sector, weak consumption and high government debt.
27 January 2025, 07:45 AM

Weak yuan, Trump tariff threats confound Beijing's economic puzzle

Just days after beginning his second term in the White House last week, Trump said he would impose a 10 percent levy on all Chinese products from February 1, while leaving the door open for negotiations.
27 January 2025, 05:47 AM

40 local firms to participate in world’s largest trade fair in Germany

The five-day show, Ambiente 2025, will begin on February 7
26 January 2025, 14:40 PM

Cost of foreign debt rises 27% in first half of FY25

Bangladesh paid $1.98 billion in principal and interest in Jul-Dec of 2024, up from $1.57 billion in the same period the previous year
26 January 2025, 11:52 AM

Boeing warns Q4 loss bigger than expected on costs from labor strike

The US aviation giant projected a loss of $5.46 per share, much above the $1.55 foreseen by analysts, according to a profit warning that cited the costs of a new labor agreement, among other factors.
26 January 2025, 05:17 AM

US Fed prepares to pause in first rate decision since Trump's inauguration

The Fed cut its key lending rate by a full percentage point in the last four months of 2024 and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of two percent
26 January 2025, 05:11 AM

Govt signs LNG deal with US firm

The government has signed a heads of agreement (HOA) with the US-based Argent LNG to import up to 5 million tonnes of liquefied natural gas per year for 20 years.
25 January 2025, 18:56 PM

Kamalapur ICD looking for an operator for five years

Tender has been floated, as the previous contract with Saif Powertec is set to end next month
25 January 2025, 12:47 PM

Renata’s sales grow 12%, but profit plunges 35%

Higher wages and currency depreciation caused the profit to fall
25 January 2025, 11:45 AM

Trade wars sparked by Trump tariffs would be 'catastrophic', WTO chief says

WTO Director-General Ngozi Okonjo-Iweala, a former Nigerian finance minister, starts her second term as head of the global trade watchdog this year at a time when Trump's tariff threats have raised the spectre of trade wars
25 January 2025, 04:59 AM

Musk bashes Trump-backed AI mega project

The comments marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.
23 January 2025, 05:27 AM

Bangladesh eyes fruit imports, trade boost with Pakistan

Business delegations of the two nations sat in a meeting today at the FBCCI
22 January 2025, 14:40 PM

Govt preparing SME Policy 2025: SME Foundation chairperson

The five-year SME Policy is scheduled to come into effect in July this year and end in June 2030
22 January 2025, 13:34 PM