Business

A US trade court on Wednesday blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. The Court of International Trade said the US Constitution gives Congress exclusive authority to regulate commerce with ...

Chinese Ambassador to Bangladesh Yao Wen has said that exporting mangoes to China will not only help expand the bilateral trade volume but reflects the “mutually beneficial and win-win essence of economic cooperation”. Meanwhile, China has also expressed imports of raw animal hides from Bangladesh. “I wish the mangoes a smooth journey to the tables of Chinese consumers and look ...

Asian equity markets advanced on Wednesday, buoyed by a strong Wall Street performance following upbeat US consumer confidence data and a decline in bond yields. Investors also found relief in a delay to fresh US tariffs and signs of easing trade tensions. Markets rebounded after US President Donald Trump announced a postponement of the 50 percent tariffs he unexpectedly proposed ...

Japan has lost its long-held position as the world’s largest creditor nation for the first time in 34 years, falling behind Germany despite its net external assets reaching a record high, officials said Tuesday. According to Japan’s finance ministry, the country’s net external assets stood at 533.05 trillion yen ($3.7 trillion) at the end of 2024 — a 12.9 percent ...

Bangladesh Bank (BB) Governor Ahsan H. Mansur has announced plans to merge six financially distressed banks under temporary government ownership by July, citing widespread irregularities and loan scandals as the primary causes of their deterioration. In an interview with a private television channel, the Governor stated that the banks—First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, ...

The Supreme Court is poised to rule on the cases of two former City traders jailed for rigging interest rates, amid concerns raised by senior politicians that there may have been a series of miscarriages of justice. If the traders are successful in their application – which is opposed by the Serious Fraud Office (SFO) – it could lead to ...

Commerce Adviser Sk Bashir Uddin on Sunday urged Maldivian entrepreneurs to invest more in Bangladesh. “Bangladesh is producing high-quality construction materials. Due to the production of plywood, pipes, tiles and high-quality glass, Bangladesh has now become one of the sources of these products. Maldives can use these products in its infrastructure construction,” he said, reports BSS. The adviser said this ...

Bangladesh is going to hold investment and trade conference with China. The day-long conference is set to begin on June 1 under the joint initiative of both the governments. This information was revealed through a Facebook post of Ashik Chowdhury, the executive chairman of the Bangladesh Investment Development Authority (BIDA), on Monday (May 26). The conference will be attended by ...

The Bangladesh Petrol Pump and Tank Lorry Owners Unity Council has withdrawn its strike getting an assurance from Bangladesh Petroleum Corporation (BPC) to fulfill their 10-point demands, including setting of the oil sales commission at a minimum of 7 per cent. The withdrawal decision came after the meeting of the Bangladesh Petroleum Corporation on Sunday. Earlier the strike began at ...

Sir Alan Bates has accused the government of putting forward a “take it or leave it” offer of compensation amounting to less than half of his claim. The former subpostmaster, who has campaigned for redress for victims of the Post Office scandal, said ministers were presiding over “quasi-kangaroo courts” and altering the “goal posts” on their judgements. Writing in the ...