Business

Talks on reviving the World Trade Organization’s dispute settlement system are making progress and drafting an agreement should begin in the coming months, a trade official source said Friday. The official said countries “have reached an understanding on 80 percent of the issues under consideration, which are now ripe to move to the drafting process”. As for the remaining 20 ...

The gold price climbed above the level of $2,000 per Troy ounce during the trading session at Comex for the first time since June 2 of this year, according to market data. The gold price had reached $2,000.4 per Troy ounce (up 0.43%) but then rolled back to $1,998 per Troy ounce, plus 0.35%. Silver prices at the same ticked ...

Russia and African countries are considering the possibility of concluding barter transactions in the energy sector, Russian Energy Minister Nikolay Shulginov told TASS on the sidelines of the Russia-Africa summit. “We are searching for ways, financing mechanisms, we are also considering barter trade,” he said. Shulginov said in an interview with TASS earlier that Russian companies are actively involved in ...

Air India on Thursday announced that it will commence its direct flights from Delhi to Dhaka from September 15. In a move to enhance connectivity between the capital cities of India and Bangladesh, Air India will fly four times a week between the two cities using its Airbus A320 aircraft, The Economic Times reports. Air India already operates flights thrice ...

The revenue collection by the National Board of Revenue (NBR) from VAT witnessed a 17 percent growth in the last fiscal year (FY23) fetching Taka 1,25,424 crore. The revenue collection from VAT by the revenue board in the previous fiscal year (FY22) was Taka 1,08,420 crore. In that consideration, the revenue collection from VAT in the FY23 was Taka 17,004 ...

Bangladesh Bank (BB) has asked banks to bring down the number of directors from the same family to three. The Bank Company (Amendment) Act 2023, which was passed in parliament recently, specified that the number of directors from a single family can’t be more than three, according to a BB circular issued on Wednesday. A maximum of four members from ...

British consumer goods giant Unilever on Tuesday said its net profit jumped more than a fifth in the first half thanks to an asset sale and price increases. Profit after tax rose 22 percent to 3.54 billion euros ($3.9 billion) in the six months to the end of June from a year earlier, said the maker of products ranging from ...

  By Imran Hossain:   The global oil, gas and energy industry continue to play a vital role in powering the world's economies and meeting the growing energy demands of a burgeoning population. This report provides an overview of the current state of the global oil, gas and energy sectors, highlighting key trends, challenges, and opportunities. Despite the increasing emphasis ...

Irish no-frills airline Ryanair on Monday announced surging profits for its first quarter, recovering from disruption to traffic one year earlier in the wake of Russia’s invasion of Ukraine. Profit after tax soared to 663 million euros ($738 million) in the three months to the end of June from 170 million euros in the carrier’s prior first quarter, a statement ...

Elon Musk said he was looking to change Twitter’s logo, tweeting: “And soon we shall bid adieu to the twitter brand and, gradually, all the birds. In a tweet at 12:06 a.m. ET (0406 GMT) on Sunday, the social media platform’s billionaire owner added: “If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow.” Musk ...