Business

Iran has finalised a deal to buy Sukhoi Su-35 fighter jets from Russia, state media reported, as defence cooperation between the two countries deepens. The air force of sanctions-hit Iran has an ageing fleet of aircraft and has struggled to acquire spare parts to keep its warplanes in the air. In a statement to the United Nations, Tehran said it ...

Startup-focused lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for ...

Apart from price hike of chicken, supply constraints have appeared in kitchen markets of the capital. Broiler chicken price has increased by Tk 20 per kg in the kitchen markets overnight making it very difficult for low-income group of people to afford to buy kitchen. However, the prices of egg have declined somewhat. It was found visiting Mohammadpur Townhall Market ...

US President Joe Biden and European Commission President Ursula von der Leyen are expected to agree to begin negotiations on ensuring free-trade agreement-like status for the European Union, according to sources, reports Reuters. The leaders are set to meet in Washington on Friday. Reuters reported last week that the United States and EU were working to make European minerals eligible ...

Asian traders shifted cautiously Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing. Markets have been falling since the start of February as a string of forecast-beating indicators have shattered hopes ...

The American Chamber of Commerce in Bangladesh (AmCham) held its monthly Luncheon titled “Women in Business: Empowering Bangladesh Forward” Monday at a Dhaka hotel. Jatiya Sangsad Speaker Shirin Sharmin Chaudhury attended the event as the chief guest and Helen LaFave, Deputy Chief of Mission at the US Embassy Dhaka, attended the programme as the guest of honour. AmCham President Syed ...

Japan will spend 220 billion yen ($1.6 billion) on an ambitious but controversial venture in Australia to produce liquid hydrogen from a type of coal, the project announced on Tuesday. The Hydrogen Energy Supply Chain (HESC) project is a joint Japanese-Australian undertaking intended to produce plentiful and affordable fuel for Tokyo. Its backers argue it will help reduce global emissions ...

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Md Jasim Uddin has said more than 200 foreign delegates, including 13 ministers and seven CEOs of multinational companies, will join the Bangladesh Business Summit 2023. The summit, which will be held in Dhaka during March 11-13, will highlight Bangladesh’s journey towards a trillion-dollar economy, the FBCCI president told UNB ...

China set a modest target for economic growth this year of around 5%, according to a government work report on Sunday, as the National People’s Congress (NPC) kicked-off its annual parliamentary session. In the report, outgoing Premier Li Keqiang said it was essential to prioritise economic stability, setting a goal to create around 12 million urban jobs this year, up ...

A massive earthquake and aftershocks in February caused an estimated $5.1 billion in direct physical damage in Syria, the World Bank said Friday. The earthquake that struck on February 6 hit Turkey and Syria, devastating scores of cities and killing more than 50,000 people in both countries. Millions have been left needing urgent help with accommodation and medical care. “The ...