How US is daring the world to find a dollar alternative

The United States is merrily chipping away at the pillars that hold up the dollar as the world's reserve currency, with the latest blows coming from some powerful Americans questioning the rule of law following the conviction of Donald Trump
10 June 2024, 13:46 PM

European nations compete for Chinese EV factories, jobs even as EU weighs tariffs

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring.
10 June 2024, 13:35 PM

New office hour for bankers after Eid

Office hour 10am to 6pm, transaction hour 10am to 4pm
9 June 2024, 15:13 PM

Nothing mentioned in budget to stop gold smuggling: Bajus

The baggage rule should be amended to stop gold smuggling, the association said in budget reaction
9 June 2024, 12:36 PM

Five reasons financial disasters are hard to avoid

If we understand the causes of financial crises and how to prevent them, why do they keep happening?
9 June 2024, 11:11 AM

BYD says to build second EU factory despite EV slowdown

Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP
8 June 2024, 14:56 PM

Banks say growing reliance on Big Tech for AI carries new risks

The boom in artificial intelligence will increase banks' dependence on big US tech firms, creating new risks for the industry, European banking executives said
8 June 2024, 14:53 PM

ECB still has 'long way to go' to tame inflation: Lagarde

The European Central Bank (ECB) still has "a long way to go" to tame inflation, its president Christine Lagarde said Friday, a day after the body announced its first interest rate cut since 2019.
8 June 2024, 12:49 PM

Bangladesh got elected as member of governing body of ILO for 2024-2027

The election took place at the 112th session of the International Labour Conference held in Geneva
7 June 2024, 15:03 PM

RMG export to USA falls 14% in Jan-Apr

Shipment to the American market has been falling for high inflationary pressure
7 June 2024, 14:22 PM

Forex reserves decline by $51 million in a week

The reserves hit $18.67 billion on June 5, down from $18.72 billion on May 29
7 June 2024, 14:03 PM

Default loans hit historic high of Tk 1,82,295 crore

Bad loans rose by Tk 36,367 crore in just three months
6 June 2024, 10:51 AM

Nvidia overtakes Apple to become second most valuable company

Microsoft, based in Redmond, Washington, remained the world's most valuable company at $3.15 trillion as its shares climbed 1.9%
5 June 2024, 20:40 PM

Low gas pressure cuts textile production by 65%

Factories in industrial belts need 15 PSI (pounds per square inch) of gas pressure, but are getting a maximum of 3 PSI
5 June 2024, 12:29 PM

McDonald's loses chicken 'Big Mac' trademark battle

Luxembourg-based General Court ruled that McDonald's could not claim protection for the chicken version of its iconic burger, though the original beef one remains trademarked
5 June 2024, 12:00 PM

No end in sight: low-income families reel from stubborn inflation

The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket
4 June 2024, 15:44 PM

Intel unveils new chip tech in AI battle with Nvidia, AMD

US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, AMD and Qualcomm, unveiling technologies it said would lead the artificial intelligence revolution
4 June 2024, 12:08 PM

Maersk lifts 2024 guidance by $3 bn amid shipping woes

Danish shipping giant Maersk on Monday said it expected its profits in 2024 to be $3 billion higher than previous projections as freight rates have increased amid the crisis in the Red Sea
4 June 2024, 09:13 AM

IATA urges Pakistan, Bangladesh to release blocked airline funds

The International Air Transport Association on Tuesday urged Pakistan and Bangladesh to remove barriers to airlines repatriating ticket revenues after Nigeria released the vast majority of blocked funds
4 June 2024, 09:05 AM