Monday, 21 Apr, 2025

Business

Biman set to resumes Narita flight tonight after 17 years

Biman Bangladesh Airlines is set to resume its much waited direct Dhaka-Narita-Dhaka flight tonight aspiring to make the Bangladesh Japan direct air connectivity as a profitable route.   The inaugural flight will take off from Dhaka's Hazrat Shahjalal International Airport at

Climate change exacerbating conflict and poverty — IMF

Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday. Fragile and

Why India's soaring food inflation is a global problem

Erratic climate conditions - including the driest August in more than a century - have sent food prices spiralling above 11% in India, which is a major player in global agri-trade. Just as tomato prices begin cooling down, onions have gotten dearer by a quarter since June in the

OpenAI launches ChatGPT for business amid declining popularity

OpenAI has said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut. ChatGPT Enterprise will offer business customers a premium version of the bot, with "enterprise

Chevron workers at Australia’s LNG plants to strike, raising supply fears

Chevron workers at two major liquefied natural gas (LNG) facilities in Australia are set to strike over pay and conditions, raising fears of new turmoil in global energy markets roiled by the war in Ukraine. Workers at the Gorgon and Wheatstone facilities in Western Australia will

Toyota halts production at Japanese factories after system failure

Toyota, the world’s biggest carmaker, has halted operations at most of its assembly plants in Japan following a system malfunction. The Japanese car manufacturer suspended operations at 12 of its 14 domestic plants after the glitch left the company unable to order components, a

Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

Shares in embattled Chinese developer Evergrande have fallen by around 80% as they started trading in Hong Kong for the first time in a year and a half. The shares have lost more than 99% of their value in the last three years as Beijing cracked down on property firms. Evergrande is

Rajshahi's mangoes exported to Russia for first time

A Rajshahi-based exporting organization has exported gourmati and katimon varieties of mangoes to Russian markets from Rajshahi for the first time. Air Arabia G9-517 flight departed from Dhaka with 200 kilograms of gourmati and 100 kilograms of katimon for Russia on Saturday morning.

India imposes 20% export duty on parboiled rice

India has imposed a 20% duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years. Last month, India surprised

DNCRP to enforce strict vigil to control onion price

The Directorate of National Consumer Rights Protection (DNCRP) decided to continue to monitor the market strictly so that no unholy businessman can manipulate the price of onion or hoard excessively such essential item showing any excuse. Director General (DG) of the Directorate of

Gold price hits Tk 1, 01,244 a bhori

Jewellers hiked gold prices by Tk 2,222 per bhori on Thursday (August 24) which set a new record, with each bhori now priced at Tk 1, 01,244 in Bangladesh.  The new price will be effective from Friday (August 25), said a press release of Bangladesh Jewellers' Association

Inflation, COVID plunges 68 million into poverty in Asia

Higher inflation coupled with the COVID-19 pandemic pushed nearly 68 million people in Asia into extreme poverty as of last year, according to a report published by the Asian Development Bank (ADB). An estimated 155.2 million people in developing Asia, which is 3.9% of the region's

US charges crypto founders over alleged support for North Korean hackers

The United States has charged two cofounders of the cryptocurrency mixer Tornado Cash with money laundering and other crimes a year after authorities banned the Russian-founded platform over its alleged support of North Korean hackers. Roman Semenov and Roman Storm have been charged

China’s economy is in trouble

China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second

Sri Lanka repays $50 million to Bangladesh

Sri Lanka repaid $50 million of loans taken from Bangladesh, which is one fourth of the $200 million given by Dhaka in 2021. Md Mezbaul Haque, executive director and spokesperson of the central bank confirmed the matter on Tuesday (August21). He said Bangladesh Bank received the

China cuts key interest rate as recovery falters

China's central bank has cut its key interest rates for the second time in three months as the world's second-largest economy struggles to recover from the impact of the pandemic. The People's Bank of China (PBOC) lowered its one-year loan prime rate to 3.45% from 3.55%.

Sonali Bank leads transformation with smart services

In a significant step towards realising the government's vision of a smart economy, Sonali Bank, the country’s largest state-owned bank, has adopted cutting-edge technologies across both conventional and digital platforms.   This move underscores the bank's

India imposes 40% export duty on onions

India in a move to tame down rising prices of onions in the domestic market has declared the imposition of 40 percent duty on the export of the crop till December 31. The announcement came in an Indian finance ministry notification issued on Saturday. The export duty comes amid

Gold prices drop by Tk1,750 per bhori

The Bangladesh Jeweller's Association (Bajus) on Sunday (August 17) announced a reduction in gold prices by Tk1,750 per bhori.  According to a Bajus press release, the price cut comes as a result of a decline in the local market value of pure gold.  The Bajus took the

VinFast: Vietnam EV maker valued at more than Ford or GM

Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading. Shares in the firm, which has yet to make a profit, closed above $37 (£29) each in their New York's debut. That gave