Business

Samsung boss Lee Jae-yong has been cleared by South Korea’s top court of fraud charges, concluding a years-long legal battle over his role in a 2015 merger deal. Lee, the grandson of Samsung’s founder and the de facto head of the company since 2014, had been accused of using stock and accounting fraud to try to gain control of the ...

The European Commission is set to unveil its proposal Wednesday for the European Union’s next long-term budget, marking the start of two years of high-stakes negotiations over spending priorities, funding reforms, and potential new taxes. Commission President Ursula von der Leyen faces the difficult task of balancing growing demands on the EU — including defense, climate change, industrial competitiveness, and ...

The cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government to encourage drivers to move away from petrol and diesel vehicles. The discounts will apply to eligible vehicles costing up to £37,000, with the most environmentally friendly vehicles seeing the biggest reductions, the Department for Transport (DfT) said. ...

The newly formed Income Tax Intelligence and Investigation Unit (ITIIU) has identified tax evasion amounting to Tk 1,874 crore during its first seven months of operations, authorities said this week. Since launching full-scale activities last December, the ITIIU has investigated 183 individuals and organizations, unearthing widespread tax irregularities. As part of its enforcement drive, the unit has already recovered Tk ...

Bitcoin crossed the $120,000 level for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $121,207.55 in the Asian session on Monday, before pulling back slightly to last trade 1.6 percent higher at $121,015.42. Starting on Monday, the ...

The government plans to fully implement the long-awaited bifurcation of the National Board of Revenue (NBR) by December this year, despite months of internal unrest and sweeping administrative changes. “It’s already structurally divided. We’ll roll it out completely by December. There’s no question about it,” a senior Finance Ministry official told UNB on Sunday, speaking on condition of anonymity as ...

Global investors got a harsh reminder of the risks around trade tariffs and US President Donald Trump’s deal-making on Saturday after he threatened fresh tariffs on his biggest trading partners in Europe and Mexico. Trump said in social media posts on Saturday he would impose a 30 percent tariff on imports from Mexico and the European Union starting on Aug ...

Exports of Bangladeshi Ready Made Garment (RMG) showed a healthy growth of 8.84 percent in the last fiscal year (FY25) fetching $39.35 billion despite global headwinds, reports BSS. According to the country-wise export data for Bangladesh for the last fiscal year (FY25) released by the Export Promotion Bureau (EPB), the European Union (EU) was a key market, accounting for 50.10% ...

A Biman Bangladesh Airlines flight, bound for Kathmandu, was halted moments before takeoff at Dhaka’s Hazrat Shahjalal International Airport on Friday following an anonymous bomb threat. The Boeing 737-800 aircraft, carrying 142 passengers and 7 crew, was taxiing on the runway when the airport authorities received a call at 4:26 pm warning of a possible bomb onboard, said airport Executive ...

The second day of the ongoing three-day Bangladesh-US tariff talks concluded on Thursday, with both sides showing progress on key issues while a few matters remain unresolved. The final round of discussions is scheduled to begin today at 9 am Washington DC time. During Thursday’s meeting, Bangladesh’s Commerce Adviser Sk. Bashir Uddin met with US Trade Representative Ambassador Jamieson Greer, ...