The Group of Seven (G7) coalition will seek to set two price caps on Russian refined products in February, one for products trading at a premium to crude oil and the other for those trading at a discount, a G7 official said.

Four international trade shows on garment machinery and allied products began at the International Convention City, Bashundhara in Dhaka today.

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.

Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues and the continuing war in Ukraine.

Britain on Monday scaled back its energy bill support for businesses after warning that the current aid level was unsustainable.

Britain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on Monday.

German industrial production recovered slightly in November, official figures published Monday showed, as fears of an energy crisis eased although prospects for Europe’s top economy still looked gloomy.

The US dollar on Monday neared its lowest in seven months against other major currencies, after data last week suggested the Federal Reserve could slow the pace of its rate hikes, while China re-opening its borders boosted riskier currencies.

Oil prices climbed more than 2 per cent on Monday as China’s move to reopen its borders boosted the demand outlook and overshadowed global recession concerns.

Bangladesh will attract more British investment if the existing business-related “complexities” are removed, said Rushanara Ali, the British prime minister’s trade envoy to Bangladesh.

Taiwanese shipping giant Evergreen Marine has rewarded employees with massive year-end bonuses worth between 10 and 52 months of salary each, after posting bumper 2022 profits.

German Ambassador to Bangladesh Achim Tröster and South Korean Ambassador to Bangladesh Lee Jang-keun visited Korean Export Processing Zone (KEPZ) in Chattogram on Saturday. 

Oil prices were little changed on Friday as the market balanced a weaker US dollar and mixed US jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns.

Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than $1 billion, its president, Michael Evans, was cited as saying.

The US trade deficit narrowed more than anticipated in November on a fall in imports, government figures showed on Thursday, with drops seen in pharmaceuticals and household goods.

China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a  “virtual” car lot, or an engineer to simulate how a new part fits: the auto industry is getting a tantalizing taste of the metaverse at the huge CES technology show.

Britain’s top bosses earned more in the first few days of 2023 than most ordinary workers will all year, a study showed Thursday, as many grapple with a cost-of-living crisis.

After three years of dealing with some of the world’s toughest Covid-19 curbs, there are early signs that Chinese consumers are gearing up to go out and spend again, particularly in major cities and tourist hot spots.

The eurozone’s annual inflation rate fell for a second month in a row, to 9.2 percent in December, driven by easing energy prices, official data showed Friday, bringing some relief to Europe in the new year.