Business

UK inflation fell unexpectedly to 1.7% in the year to September, the lowest rate in three-and-a-half years. It means the annual rate prices are rising at is now below the Bank of England’s 2% target, paving the way for further interest rate cuts. Lower airfares and petrol prices were the main drivers behind the surprise slowdown, official figures showed. Separately, ...

Leaders of the edible oil traders today sought waiver of import duty on soybean and palm oils along with all value-added tax (VAT) imposed at the production and business stages to stabilise the edible oil prices in the market. The Bangladesh Vegetable Oil Refiners Association made the proposal during a meeting at the Ministry of Commerce, chaired by Adviser for ...

The World Bank (WB) has observed that bold and timely reforms will help Bangladesh create quality jobs and achieve inclusive growth. Bangladesh’s post-COVID recovery continues to be impacted by high inflation, balance of payments deficit, financial sector vulnerabilities, and increasingly limited job opportunities for its youth, especially women and educated youth, said the multilateral lender in its October issue of ...

The Dhaka Stock Exchange (DSE), Bangladesh’s primary capital market, saw a continued downturn in trading for the second consecutive day on Tuesday. During the first one and a half hours of trading, the majority of companies experienced price declines. Out of 386 companies traded in the early session, shares of 201 companies fell, 93 companies showed gains, and 88 remained ...

The government has decided to start selling of potato, eggs, onion, pointed gourds under Open Market Sale (OMS) in the capital from Tuesday. “For the first time we are going to start selling of perishable items such as potato, egg, onion, pointed gourds at different points in the city to give relief to the fixed income group people,” secretary of ...

Noel Tata was appointed on Friday as chairman of Indian conglomerate Tata group’s philanthropic arm Tata Trusts, the CNBC TV18 channel reported, succeeding his half-brother Ratan who died this week aged 86. Noel’s appointment is of significance as Tata Trusts owns 66% of Tata Sons, the holding company of various firms under the Tata brand which is more than 150 ...

Tesla is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker’s long-term growth. Enthusiasm around the event has been on display across social media, with screenshots of invites and speculation on what might be disclosed. But investors and analysts ...

Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region. The aviation giant must “reset our workforce levels to align with our financial reality,” Chief Executive Kelly Ortberg said on Friday, adding that the cuts of 17,000 positions globally “will include executives, managers ...

Two market monitoring teams under the Ministry of Commerce on Friday fined several business establishments Tk4,500 during separate drives in the city. A team led by Senior Assistant Secretary of the Ministry of Commerce Fuara Khatun conducted a drive at Mirpur Shah Ali City Corporation Market Kacha Bazar and fined several traders Tk1,500 for not hanging the price lists properly ...

Mehedy Hasan, an employee of a private company, stepped into a Dhaka kitchen market on Thursday with plans to buy small quantities of yardlong bean, green papaya, and green banana with Tk150 to prepare a mixed vegetable dish. However, his plan to include brinjal in a fish curry was quickly dashed when he discovered its staggering price of Tk160 per ...