Business

More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. “At this point in time, it’s possible that we continue on that path,” Lagarde told Spain’s Antena 3 television channel. The ECB has lifted rates at an unprecedented pace in ...

Biman Bangladesh Airlines has launched ‘online travel date change service’ for its passengers. Passengers who buy tickets online (Biman website and mobile apps) will be able to change the date of travel from now on. The service can be availed with a fee using the respective card used at the time of purchasing tickets or the respective mobile banking account, ...

Kintetsu World Express, a major Japanese freight forwarding and supply chain company has commenced its operation in Bangladesh to actively participate in the country’s industry initiatives. “The KWE Group is committed to providing flexible services and expanding its network throughout Southeast Asia, including Bangladesh,” says a press release. High officials of the group in presence of Japanese Ambassador to Bangladesh ...

Bangladesh and Japan agreed to further intensify their existing excellent ties and work towards building a strategic relationship. This was discussed during the 4th Foreign Office Consultations (FOC) in Tokyo between the two countries to comprehensively discuss the bilateral relations, and regional as well as global issues, a foreign ministry press release said here. Bangladesh Foreign Secretary Masud Bin Momen ...

Nissan is speeding up its shift toward electric vehicles, especially in Europe where emissions regulations are most stringent, the company said Monday. Nissan Motor Co. said in a statement that it will make practically all its offerings in Europe electric or series-hybrids by fiscal 2026, at 98%. That’s up from the previous target of 75%. In Japan, the company aims ...

In a positive development for the economy, Bangladesh has maintained healthy growth in foreign remittance inflow, which is expected to somewhat alleviate the dollar crisis. The latest data from the Bangladesh Bank suggests that in the first 24 days of February, the country received $1.33 billion or Tk 142.31 billion in inward remittances, with daily average receipts of Tk 5.93 ...

Bangladesh’s Garment Factory Green Textile Limited Unit 4 is now the global top LEED Green factory with a score of 104 out of 110, thus becoming the highest ever industry category project in the world. Currently out of the best 10 environment-friendly factories in the world, 8 are located in Bangladesh, BSS reports. According to BGMEA, all the top ten ...

A two-day trade show titled ‘Showcase Korea’ began in Dhaka on Saturday demonstrating that Bangladesh and South Korea are willing to further strengthen and deepen the bilateral relations and take the relations into a higher level. Prime Minister’s Adviser on Private Industries and Investment Salman F Rahman joined the opening session as the chief guest that is displaying the latest ...

India’s forex reserves declined by $5.68 billion to $561.27 billion as of February 17, the Reserve Bank of India (RBI) data showed on Friday. Data released in the previous week showed that India’s foreign exchange reserves dropped by $8.31 billion to $566.94 billion as of February 10. India’s reserves fell 8.3%, logging the biggest decline in more than 11 months ...

Mercedes-Benz said on Wednesday it has teamed up with Google on navigation and will offer “super computer-like performance” in every car with automated driving sensors as it seeks to compete with Tesla and Chinese newcomers. Automakers new and old are racing to match software-powered features pioneered by Tesla, which allow for vehicle performance, battery range and self-driving capabilities to be ...