Russia cuts key interest rate, warns of tepid growth
Russia鈥檚 central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions.
Business-Economy
Ford profits jump as it lowers forecast on hit from supplier fire
Ford cut its full-year profit forecast Thursday following a fire-related outage at a major supplier as the automaker reported a jump in quarterly profits. The third-quarter results easily topped analyst estimates, reflecting the lift from higher auto sales. Ford also signaled a significantly improved outlook on the full-year hit from President Donald Trump鈥檚 trade tariffs following recent White House announcements.
Islami Bank, Mastercard launch digital payment ecosystem at CU
Islami Bank Bangladesh PLC, in collaboration with Mastercard, inaugurated a fully cashless university campus under the Bangladesh Bank鈥檚 鈥楥ashless Bangladesh鈥� initiative, enabling teachers, students and visitors to conduct cashless transactions at Chattogram University.聽
NRBC Bank hosts entrepreneur dev training for SMEs
NRBC Bank organised an entrepreneurship development training programme under supervision of the Bangladesh Bank and with financial support from the Asian Development Bank, aimed at promoting the growth of small and medium enterprises, according to a press release.
Cyberattack on Jaguar Land Rover slashes UK car output
Britain鈥檚 car output slumped by more than one quarter in September as a cyberattack halted production at Indian-owned Jaguar Land Rover, industry data showed Friday.
Trump鈥檚 Asia tour set to spotlight trade challenges
US president Donald Trump鈥檚 trip to Asia which begins Sunday, tomorrow, carries significant economic stakes for countries around the region, with multiple tariff deals still pending and a trade dispute simmering between Washington and Beijing.
STEEL INDUSTRY:聽Focus on efficiency, cost cutting amid demand slump
Bangladesh鈥檚 steel industry, one of the key drivers of the country鈥檚 infrastructure-led economic growth is shifting its focus from capacity expansion to cost efficiency and technological modernisation as domestic demand has weakened in recent years due to...
Vegetables continue to be pricey
The prices of vegetables and other essentials remained as high as past week on the capital鈥檚 kitchen markets on Friday, only days before arrival of winter produce.
Labour ordinance change okayed
The Council of advisers on Thursday approved the draft of the Bangladesh Labour (Amendment) Ordinance, 2025 expanding the Act鈥檚 scope to include non-profit institutions and extending protections to more workers...
Online tax return filing made easier for expats
The National Board of Revenue has introduced an option for Bangladeshi taxpayers living abroad to receive One-Time Passwords (OTPs) via email, making online income tax return submission easier and more accessible for expatriates...
Trading of 6 LR Global mutual funds suspended
Trading of six mutual funds managed by LR Global Bangladesh Asset Management has been suspended indefinitely after the Bangladesh Securities and Exchange Commission (BSEC) ordered the fund manager鈥檚 removal for misuse of investors鈥� money...
Parties urged to commit to workers鈥� safety
Experts called for political commitment to ensure workplace safety, emphasising its inclusion in party manifestos for the upcoming national election...
BB reinstates additional increment
Bangladesh Bank has reinstated the provision of additional increments for officers directly recruited to the 9th and 10th pay grades in a bid to attract and retain highly qualified individuals...
Oil prices surge as Trump hits Russian crude with sanctions
Oil prices surged more than 5 per cent Thursday after US president Donald Trump targeted Russia鈥檚 key oil industry with new sanctions in a bid to end the war in Ukraine...
Dhaka, Seoul eye new era of investments
Bangladesh and South Korea iterated their commitment to expediting the negotiations on the Comprehensive Economic Partnership Agreement (CEPA) ahead of Bangladesh鈥檚 graduation from LDC status, recognising it as a timely opportunity to unlock new channels of Korean investment into Bangladesh鈥檚 fast-transforming economy...
