The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2 per cent target. The decision marks the BOJ's first rate hike sinc
US companies that scale back workplace diversity efforts to avoid scrutiny from the Trump administration may be exposing themselves to more discrimination lawsuits by workers, experts said. President Donald Trump this week issued a sweeping executive order directing federal agencies to terminate d
Red Sea Gateway Terminal, a Saudi-owned port company, on Friday expressed its interest in managing the deep-sea port of Matarbari in Bangladesh. Aamer A. Alireza, executive chairman of the company, said it can help transform Matarbari into one of the largest ports in the region. He made the comme
Mastercard and Visa failed to stop their payment networks from laundering proceeds from child sexual abuse material and sex trafficking on the popular website OnlyFans, according to allegations in a previously undisclosed whistleblower complaint filed with the U.S. Treasury’s financial crimes
Italian bank Monte dei Paschi di Siena announced Friday it was launching a 13.3 billion euro ($13.9 billion) takeover bid for larger peer Mediobanca in a surprise move that could reshape the country's banking sector. The offer values shares in investment bank Mediobanca at 15.99 euros each, a 5 pe
The Bangladesh Telecommunication Regulatory Commission (BTRC) has directed all internet service providers (ISPs) to regularly submit their operational information to the Data Information System (DIS) of the commission by the 7th of every month. In a notice issued on Tuesday, the BTRC said failure
The Labour Reform Commission has so far received nearly a dozen key recommendations from over 50 consultation meetings, with common aspirations including formal recognition of workers, the development of a workers' database, and the launch of a registration system. The commission formed by the int
A team from the United States Coast Guard (USCG) visited Chittagong Port on January 21-22 to assess compliance with the International Ship and Port Facility Security (ISPS) code in the port and related establishments. They expressed satisfaction with the activities at the prime sea port. The dele
Prices of onions, potatos and other winter vegetables hit a three-year low last week, bringing great relief for consumers, but woes for farmers. However, the prices of commodities like rice, edible oils, meat and fish were higher at kitchen markets, as usual. Potato is now selling at Tk 2
Workers of Beximco Industrial Park in Gazipur’s Kashimpur failed to stage a protest on Thursday due to heavy surveillance by law enforcement agencies. Md Abu Taleb, senior assistant superintendent of police, Gazipur Industrial Police-2 (Konabari zone), said that an adequate number of police
