Business

A deal removing some trade barriers between the UK and US has been signed off by President Donald Trump. The move will bring into force parts of an agreement agreed between the two countries last month, and reduce tariffs on UK cars being shipped to the US. It comes after weeks of talks to implement parts of the pact, which ...

The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings. As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the ...

Biman Bangladesh Airlines has introduced special discounted fares for workers on four more routes–United Arab Emirates, Oman, Kuwait and Qatar. This advantage will be provided during the first visit to these countries, according to a notice on Monday. The special rates will apply only to one-way travel to these countries will be valid till December 31. The discount scheme for ...

The Padma and Jamuna bridges saw a record-breaking toll collection of nearly Tk 60 crore during the recent Eid-ul-Azha holidays, as tens of thousands of vehicles crossed the two key national routes. According to the Bridge Division, a total of Tk 59.77 crore was collected in tolls over the Eid travel period, with the highest single-day earnings recorded on June ...

Mahmud Hasan Khan has been elected unopposed as the new president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the 2025–2027 term. The announcement came on Saturday following the official distribution of executive posts at the BGMEA Complex in Uttara, Dhaka. The election board, led by former BCIC chairman Mohammad Iqbal, confirmed that Khan and all other candidates ...

The World Bank has approved a $250 million loan for Bangladesh to enhance transparency, accountability, and institutional efficiency across five key government agencies. The financing, titled the Strengthening Institutions for Transparency and Accountability (SITA) project, was approved by the World Bank’s Executive Directors in Washington, D.C., according to a press release issued by the bank. Under the SITA project, the ...

Scale AI, a startup known for its “humanity-first” approach to artificial intelligence, announced late Thursday a major new investment from Meta that pushes its valuation beyond $29 billion. As part of the deal, Scale AI founder and CEO Alexandr Wang will join Meta to contribute to the company’s growing AI initiatives, according to a statement from the startup. The details ...

Oil prices surged sharply on Friday following Israel’s announcement of a “preemptive strike” on Iran, heightening fears of broader instability in the Middle East — a key oil-producing region. West Texas Intermediate (WTI), the benchmark U.S. crude, climbed 6.3 percent to $72.29 per barrel. Meanwhile, Brent North Sea crude, the international benchmark, rose 5.7 percent to $73.29. The escalation raised ...

All the talk of departmental budgets and fiscal rules may feel somewhat distant from the cost of food shopping and your finances. The Spending Review is not a Budget in which taxes are changed or a host of new policies announced. But, don’t be fooled, it will have an impact on you and your money. Here are seven ways you ...

Shares in Hino Motors, the truck manufacturing unit of Toyota, fell sharply on Wednesday following the announcement of a planned merger with Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck. The merger, seen as a strategic move to stay competitive amid global trade tensions and the rise of Chinese electric vehicle makers, will create a new Japanese ...