Business

Asian stock markets mostly edged higher on Thursday morning, tracking overnight gains on Wall Street after weaker-than-expected US jobs data raised hopes of an interest rate cut by the Federal Reserve. Tokyo, Seoul, Sydney, and Taipei posted gains during early trading hours, while Shanghai fell 0.9% and Hong Kong slipped 0.2%. The Shanghai drop was led by a sharp fall ...

More than 30,000 UK homes have had botched insulation fitted under government schemes putting them at risk of damp and mould, ministers have revealed. It is the first time the government has documented the number of homes blighted by sub-standard work under ECO4 and the Great British Insulation Scheme since 2022. Energy Consumer Minister Miatta Fahnbulleh told parliament it amounted ...

Asian markets slipped on Wednesday as investor jitters over political uncertainty and central bank independence pushed gold to a new all-time high, extending its six-day rally. Gold soared to $3,546.96 an ounce, up 0.4% in early Asian trading, marking a fresh record for bullion. The precious metal has surged 5% over the past six sessions as equities and bonds faced ...

Bangladesh Energy Regulatory Commission (BERC) has cut the retail price of 12 kg LPG by Tk 3. Now, the retail price of a 12-kg LPG cylinder has been set at Tk 1,270, down from Tk 1,273. The new prices come into effect from Tuesday (September 2) evening.

Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty. The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April. The run in gold prices comes as investors weigh up a weakened US dollar and the ...

European Central Bank President Christine Lagarde on Monday issued a stark warning about the potential global economic consequences if Donald Trump were to take control of U.S. monetary policy. “If he were to succeed, it is a very serious danger for the U.S. economy and for the world economy,” Lagarde said in an interview with Radio Classique. Her remarks come ...

Dubai Taxi Corporation, a state-run transport company of the United Arab Emirates (UAE) will recruit 400 drivers from Bangladesh. For this purpose, a three-day selection test will be held at the Bangladesh-Korea Technical Training Center (BKTTC) in Kalyanpur on September 9, 14 and 15. The information was confirmed in an official letter signed by M Abdul Gaffar, deputy director of ...

Nigeria’s government has banned the export of raw shea nuts, an essential raw material in many cosmetic products, in a bid to grow the country into a global supplier of refined shea butter and other skincare ingredients. The immediate ban on the crop will be in place for six months and then reviewed, Vice President Kashim Shettima said. Nigeria follows ...

The share prices of leading UK banks have tumbled following calls for the government to introduce a new tax on banking profits. Traders and investors reacted to suggestions that the government could raise up to £8bn a year with a windfall tax on the sector. The proposal comes from the Institute for Public Policy Research (IPPR) think tank which argues ...

UK vehicle exports to the United States rose by 6.8% in July, reaching nearly 10,000 units, following the implementation of a new trade agreement that reduced tariffs, the Society of Motor Manufacturers and Traders (SMMT) said Thursday. The rebound comes after three consecutive months of declines, including a sharp 55.4% year-on-year drop in May. “The US remains the largest single ...