Business

Big taxes will be imposed on imports of electric vehicles from China to the EU after the majority of member states backed the plans, reports BBC. The move to introduce tariffs aims to protect the European car industry from being undermined by what EU politicians believe are unfair Chinese-state subsidies on its own cars. Tariffs on electric cars made in ...

Tormuja Khatun’s house in Luton is being consumed by black mould, mushrooms and dry rot after the botched installation of external wall insulation. Her family say they have been warned it could cost more than £100,000 to repair, and describe the situation as a “nightmare”. Mrs Khatun’s case is far from unique. A growing number of MPs are worried about ...

OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence. The landmark investment, one of Silicon Valley’s largest, was announced by OpenAI on Wednesday. Founded in 2015 and led by Sam Altman, OpenAI plans to use the funds to advance its AI ...

The general point-to-point inflation rate eased further in September as it reached 9.92 per cent down from 10.49 per cent in August, 2024. Both food and non-food inflation also saw a falling trend in this tenure. According to the latest data of the Bangladesh Bureau of Statistics (BBS), the food inflation declined to 10.40 per cent in September down from ...

The price of 12 kg LPG cylinder has been raised by Tk 35, making the new price Tk 1,455, which will be effective from 6:00pm on Wednesday. The Bangladesh Energy Regulatory Commission (BERC) chairman Jalal Ahmed announced the price hike at a press conference on Wednesday. This follows a previous increase in September, when the price rose by Tk 44. ...

Former chairman of Exim Bank Nazrul Islam Mazumder has been arrested from the city’s Gulshan area. A team of detectives arrested Nazrul Islam Mazumder from the Gulshan area in the city on Tuesday night, confirmed Detective Branch (DB) of police. Majumder was removed from the post of the chairman of Exim Bank on August 5 following the fall of the ...

The United States (US) has assured Bangladesh of making investment in the fisheries and livestock sectors. “The US is interested to help develop Bangladesh’s fisheries and livestock sectors and invest there,” said US chargé d’affaires here Helen LaFave as she met Fisheries and Livestock Adviser Farida Akhter at her secretariat office here on Monday. During the meeting, the adviser said ...

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today called for enhanced security to keep their production units operational, as a labour unrest is ongoing despite meeting workers’ demand. “We are demanding safety, and without it, the factories will suffer due to the labour unrest,” said Abdullah Hil Rakib, BGMEA Senior Vice President, at a press conference at the BGMEA office ...

  An accounting system used by Post Office sub-postmasters before the controversial Horizon software was introduced is likely to have also been faulty, an investigation has found. A report said “there was a reasonable likelihood” that the IT system, called Capture, could have created cash shortfalls in accounts. Capture was used in branches from 1992 to 1999, prior to the ...

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to freeze the accounts of Nabil Group Chairman Jahan Box Mondol, Managing Director Md Aminul Islam, and their family members. The anti-money laundering agency also instructed banks to freeze the accounts of companies owned by them. According to the BFIU letter, the bank accounts will be frozen for 30 days in ...