Bangladesh's export-led economy faces a potential employment crisis as the US prepares to impose a 35-percent countervailing tariff on imports from the country on August 1. Industry leaders warn that the impact will be widespread - threatening not just the readymade garment (RMG) sector but also
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry. The EU will set a moving price cap on Russian crude at 15 per cent below its average market price, EU d
The prices of onions and broiler chickens have gone up over the past week while the prices of brinjal, and green chili remain high, showing no signs of easing. In Dhaka's retail markets, local onions that were selling for Tk 55-60 a kg just a week ago are now priced at Tk 60-70 per kg. Nayon Ghos
Direct cotton sourcing from US farmers could boost apparel exports to the country amid rising trade tensions and tariff uncertainties, said a Bangladeshi-born American entrepreneur on Thursday. American cotton farmers wield political influence through their Congressional representatives and senato
In a bid to rein in soaring electricity subsidies and generation costs, the government has initiated a plan to reduce expenditure at power plants where it holds full or partial ownership, officials said. The initial focus will be on trimming operating and maintenance (O&M) costs through discussion
Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential demand declines amid uncertainty in US tariff policy. Brent crude futures eased 4.0 cents, or 0.06 per cent, to $69.48
The TowerCo Build Forum 2025 brought together key stakeholders from Bangladesh's telecommunications infrastructure sector on Thursday to underscore the urgent need for capacity building and the development of future-ready digital infrastructure. Held at a city hotel in Dhaka, the forum was introdu
Systematic gap in financing and unavailability of a supportive ecosystem remain two major challenges hindering the growth of local start-ups and youth entrepreneurships. Besides, lack of adequate skills, absence of mentorship, and poor country branding are also responsible for the situation, speak
Mark Zuckerberg and current and former directors and officers of Meta Platforms (META.O) agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users' privacy, a lawyer for the shareholders told a Delaware
Foreign direct investment (FDI) in Latin America grew by 7.1 per cent in 2024 to $188.96 billion, but new investment interest has stagnated, the Economic Commission for Latin America and the Caribbean (ECLAC) said on Thursday. WHY IT'S IMPORTANT FDI is a key driver of economic growth in Latin Ame
