Business

A delegation from the United States, members of the US-Bangladesh Business Council, is visiting Bangladesh till May 11 to explore economic opportunities between the two countries. Over 25 executives from across sectors like digital, energy, financial services, insurance, and agriculture are part of the executive business delegation, reports UNB. The delegation of global business leaders is scheduled to meet Foreign ...

Trading Corporation of Bangladesh (TCB) will start open market sale (OMS) of some essential commodities including edible oil from mid of May in Dhaka and other divisional cities. The ministry is working to re-fix the prices of essentials including edible as their prices have gone up on the global market, said an additional secretary to the Commerce Ministry . Primarily ...

Nigeria’s airlines are to stop domestic operations from Monday in protest at the spiralling cost of jet fuel. It has risen almost fourfold this year, which was unsustainable, the Airline Operators of Nigeria (AON) said. “No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period,” its statement said. The ...

Apart from continuing the edible oil sale at Taka 110 per litre through Trading Corporation of Bangladesh (TCB) trucks, the corporation is going to expand the selling at same price to its one crore cardholder families from next month. “We will sell the edible oil at Taka 110 per litre to one crore TCB cardholder families from June,” Senior Commerce ...

Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big ...

India has no plans to curb wheat exports — needed to help plug the gap left by the Ukraine war — despite the current heatwave hitting output, the government said. The world’s number two wheat producer has major buffer stocks and has said it is ready to increase exports to countries hit by falling supplies from Ukraine and Russia. But ...

Liquefied petroleum gas (LPG) price has been lowered by Tk 104 to Tk 1,335 per 12-kg cylinder at the retail level. Bangladesh Energy Regulatory Commission (BERC) set the price of LPG, including VAT, at Tk 111.26 per kg from Tk 119.94 per kg last month on Thursday. The new tariff went effective from 6:00pm on Thursday (May 5). The LPG ...

The price of bottled soybean oil has been increased by Tk 30 per litre. According to the new price, bottled soybean oil will be sold at Tk 198 per litre while loose open soybean oil at Tk 180. Besides, the price of five-litre bottled soybean oil has been fixed at Tk 985. At the same time, the price of palm ...

EU chief Ursula von der Leyen on Wednesday said the EU would impose a gradual Russian oil ban, as Brussels unveiled new sanctions to punish Russia for invading Ukraine. “We will make sure that we phase out Russian oil in an orderly fashion,” the EU chief told a session of the European Parliament in Strasbourg. “This is why we will ...

Egypt’s Suez Canal Authority announced Sunday an all-time revenue record for April, earning $629 million following a series of toll hikes for vessels transiting the vital waterway. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 percent of global maritime trade and is one of Egypt’s main sources of foreign currency revenues. Despite Russia’s invasion of ...