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

Jewellers seek changes to baggage rule

Bangladesh Jeweller's Association (Bajus) wants to put a stop to travellers bringing in gold bars
3 June 2024, 14:45 PM

Turkish inflation exceeds 75%

Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan
3 June 2024, 12:25 PM

AMD unveils new AI chips to challenge Nvidia

AMD on Monday announced its new artificial intelligence chips for everything from cutting-edge data centres to advanced laptops, ramping up its challenge to the runaway market leader Nvidia
3 June 2024, 12:15 PM

Resurgent airlines soar towards passenger, revenue records

Airlines will fly almost five billion passengers in 2024 and revenues will near $1 trillion, both record highs, trade body IATA said on Monday as the industry roars back after the pandemic
3 June 2024, 11:37 AM

New airports, aircraft: wealthy Gulf prepares for aviation boom

With major new airports emerging from the desert and aircraft orders rolling in, the resource-rich Gulf is raising its stake in an industry forecast to boom in the decades ahead
3 June 2024, 11:16 AM

Bangladesh wants to start negotiations with China for FTA: Titu

State Minister for Commerce Ahasanul Islam Titu sits with businesses of the two nations
2 June 2024, 18:51 PM

Remittance rises 32% in May

$2.25 billion remittance came in May this year, up from last year same month's $1.7 billion
2 June 2024, 10:48 AM

Japan spent $62 bn supporting yen in April-May: govt

Japan said Friday that it spent about 62 billion dollars to bolster the yen over the past five weeks, when it intervened in forex markets for the first time since 2022 after the currency hit a 34-year low
1 June 2024, 13:33 PM

RMG export prices fall by 16% in 8 months: BGMEA

Apparel’s demand decreases among end consumers hit hard by high inflation, it says
1 June 2024, 13:23 PM

China making youth unemployment a 'top priority'

Youth unemployment stood at 14.7 percent in April, official data showed -- and in June, another 11.8 million students will graduate from university, adding to the bottleneck
1 June 2024, 12:27 PM

Nvidia set to overtake Apple as world's second-most valuable company

Nvidia could soon surpass Apple to become the world's second-most valuable company, as the biggest beneficiary of the surge in adoption of AI applications
1 June 2024, 12:22 PM

India's onion farmers cry foul at politicians' price recipe

Almost every Indian meal requires an onion -- one of the cooking essentials along with sugar and lentils that sweet-talking politicians use to curry favour with their voters by lowering costs
30 May 2024, 13:22 PM

EU seeks roadblocks for Chinese EVs without sparking trade war

The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a trade war
30 May 2024, 13:14 PM

Loans, deposits rise in Islamic banks despite severe liquidity crisis

Islamic banks' outstanding loans rise by 1.43%, deposits 1.27% in February than January
29 May 2024, 14:43 PM

FBCCI suggests creating direct shipping route with Sydney

At a seminar in Australia, the apex trade body also sought Australian investment in Bangladesh
29 May 2024, 13:27 PM

Samsung workers' union announces first-ever strike

Union members would use annual leave to strike for one day on June 7
29 May 2024, 12:49 PM

China gears up to make a deal with Europe as EV tariffs loom

The European Commission's expected move to hike tariffs on Chinese electric vehicles is set to kick off a round of talks that Chinese executives hope will soften the blow for the world's biggest EV industry
29 May 2024, 09:31 AM

Samsung Electronics union announces first-ever strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains
29 May 2024, 07:59 AM

US consumer confidence recovers; inflation worries persist

US consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about inflation persisted and many households expected higher interest rates over the next year
29 May 2024, 06:03 AM