Business

Tesla is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker’s long-term growth. Enthusiasm around the event has been on display across social media, with screenshots of invites and speculation on what might be disclosed. But investors and analysts ...

Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region. The aviation giant must “reset our workforce levels to align with our financial reality,” Chief Executive Kelly Ortberg said on Friday, adding that the cuts of 17,000 positions globally “will include executives, managers ...

Two market monitoring teams under the Ministry of Commerce on Friday fined several business establishments Tk4,500 during separate drives in the city. A team led by Senior Assistant Secretary of the Ministry of Commerce Fuara Khatun conducted a drive at Mirpur Shah Ali City Corporation Market Kacha Bazar and fined several traders Tk1,500 for not hanging the price lists properly ...

Mehedy Hasan, an employee of a private company, stepped into a Dhaka kitchen market on Thursday with plans to buy small quantities of yardlong bean, green papaya, and green banana with Tk150 to prepare a mixed vegetable dish. However, his plan to include brinjal in a fish curry was quickly dashed when he discovered its staggering price of Tk160 per ...

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement early Wednesday. He was 86. Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in a Mumbai hospital, ...

Bangladesh’s export earnings in September increased by 6.78 per cent despite workers’ unrest in garment sector. According to the Export Promotion Bureau (EPB) Bangladesh’s export earnings in September reached US $3.51 billion, a $220 million jump compared to the same period last year. EPB Vice Chairman Anwar Hossain said this at a press conference on monthly export earnings review at ...

The metro rail operation is likely to resume at Mirpur 10 Station by the middle of this month, said the metro rail operating company the Dhaka Mass Transit Company Limited (DMTCL) on Tuesday (October 8). Following a meeting on Tuesday, DMTCL’s company secretary Khondker Ehteshamul Kabir said efforts were going on to resume metro rail operation at Mirpur 10 station ...

The government has permitted to import of 40.5 million eggs to stabilise prices and ensure the availability of this essential commodity. The Ministry of Commerce granted approval for the import of the eggs to seven designated firms, a notification in this regard on Tuesday confirmed. The domestic egg market has witnessed a sharp increase in prices over the past few ...

The overall inflation decreased by 1.17 percent in August compared to last July, according to a report published by the Bangladesh Bureau of Statistics (BBS) on Sunday. According to BBS, the overall inflation was 11.66 percent in July, which declined to 10.49 percent in August. Besides, food inflation declined to 11.36 percent in August, from 14.10 percent in July. However, ...

Macroeconomic adjustments undertaken in recent months and robust economic fundamentals will pave the way for growth to rebound Bangladesh’s economy over the coming year, observed Frederic Neumann, Chief Asia Economist and Co-Head of Global Research Asia of the Hongkong and Shanghai Banking Corporation (HSBC) Limited. “Bangladesh is already well on its way to recovery. Macroeconomic adjustments undertaken in recent months, ...