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Economy


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Mongla Port introduces LCL cargo handling

Mongla Port authority has introduced the long-awaited Less-than-Container Load (LCL) cargo handling system, opening new opportunities for both small and large-scale importers and exporters...

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Canada removing tariffs on US goods compliant with FTA

Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, prime minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington...

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US Fed chair opens door to rate cut

US Federal Reserve chair Jerome Powell left the door open to interest rate cuts in a keenly watched speech Friday, balancing risks to the economy as president Donald Trump intensifies pressure on the central bank...

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Pressure on Merz as Trump tariffs hit German economy

Germany’s economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on chancellor Friedrich Merz to turn Europe’s top economy around.

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Dhaka, Islamabad to revive joint economic commission

Bangladesh and Pakistan on Thursday agreed to revitalise the joint economic commission and establishment of a trade and investment body to bolster economic cooperation between two nations separated after 24 years of co-existence in 1971...

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Walmart lifts outlook for sales, earnings despite tariffs

Big-box retailer Walmart hiked its outlook for sales and some earnings in results released Thursday, even as costs of goods imported to the United States rose after president Donald Trump’s wide-ranging tariffs this year...

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Swiss exports fall before huge US tariff

Swiss global exports fell in July but those to the United States rose slightly before president Donald Trump imposed huge tariffs on the Alpine country, official figures showed Thursday...

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Tk 1.6 lakh crore default loans stuck in cases

Court stay orders has shielded 1,086 borrowers from being classified as defaulters, forcing banks to show Tk 1.63 lakh crore in unpaid loans as regular, according to a Bangladesh Bank report...

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July tax receipts rise, but fall short of target

The country’s revenue collection witnessed an increase of 24.32 per cent to Tk 27,247 crore in July, the first month of the financial year 2025-26, according to the National Board of Revenue data...

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BB relaxes credit rating rules

Bangladesh Bank has relaxed its Internal Credit Risk Rating System (ICRRS) guidelines for banks, allowing them to approve, renew, or adjust loans for borrowers with an ‘unacceptable’ credit rating...

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US metals tariffs hit industrial goods, baby products

The United States has broadened the reach of its steel and aluminium tariffs, the Commerce Department said Tuesday, impacting hundreds more products that contain both metals such as child seats, tableware and heavy equipment...