Business

Households are being urged to shop around for cheaper energy deals despite prices falling from July. A typical gas and electricity bill will fall by £11 a month from July, but regulator Ofgem said switching to a fixed deal could provide better value for many customers. It said shopping around could lead to a £200 annual saving, but anyone currently ...

Bangladesh Bank has reported that the country’s foreign exchange reserves currently stand at $25.64 billion. However, according to the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM6) methodology, the reserves are calculated at a lower figure of $20.27 billion. The clarification came through a press release issued by the central bank on Thursday, highlighting the ...

British no-frills airline EasyJet on Thursday announced a widening of net losses for the first half of its financial year as fuel and other costs increased. EasyJet, which flies mainly in Europe, said losses after tax increased 16 percent to o297 million ($399 million) in the six months to the end of March, reports AFP. Group revenue climbed to o3.53 ...

Bangladesh Jeweler’s Association (BAJUS) has increased the prices of gold, with 22 carat gold up by Tk 2,823 to Tk 1,69,921 per bhori (11.664 grams). Besides, 21-carat gold was raised by Tk 2,695 to Tk 1,62,200 a bhori, 18-carat by Tk 2,309 to Tk 1,39,023, and gold of traditional method by Tk 1,971 to Tk 1,14,949 respectively. The prices have ...

Britain’s annual inflation rate rose more than expected in April, driven largely by higher energy and water bills, according to official data released Wednesday. The Consumer Prices Index (CPI) increased to 3.5 percent, up from 2.6 percent in March, the Office for National Statistics (ONS) said. The figure exceeded analysts’ forecasts, which had predicted a rise to 3.3 percent. The ...

Australia’s central bank cut its key interest rate to its lowest in two years on Tuesday, but warned US tariffs continued to shroud the national economy in uncertainty. The Reserve Bank of Australia cut the cash rate by 25 basis points to 3.85 percent, citing steady progress in bringing inflation under control. But “considerable uncertainty” remained, officials warned, pointing to ...

A distributor to the UK’s major supermarkets has said it is being held to ransom by cyber hackers. Logistics firm Peter Green Chilled says it supplies supermarkets including Tesco, Sainsbury’s, and Aldi, but it is not in the top 30 of UK food distributors. It told BBC’s Wake Up to Money clients were “receiving regular updates” including “workarounds” on how ...

Bangladesh’s foreign exchange reserves have stood at $25.44 billion. But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s foreign exchange reserves stood at $20.07 billion, said a Bangladesh Bank press release, reports BSS.

The government is set to launch a management fund to handle recovered money and assets seized from financial offenders, Bangladesh Bank Governor Ahsan H Mansur said today (19 May). The fund will be used to support the country’s poor and underprivileged population, he said at a press briefing at the Foreign Service Academy in Dhaka this afternoon. The announcement came ...

“Don’t expect miracles. But do know – everyone wants this to work.” On Monday in London the EU and UK hold their first bilateral summit since Brexit. Symbolically, this is a big moment. Officials and analysts I speak to, on and off the record, like the individual I just quoted, are quick to point out difficulties that exist between the ...