Business

The Bangladesh Jeweller’s Association (Bajus) Tuesday (25 June) increased the price of gold by Tk 1,400 per bhori, followed by a price hike in the local bullion market. The new prices will come into effect from Wednesday. Gold of 22-carat was hiked by Tk 1,400 to Tk 1,18,355 per bhori (11.664 grams), 21-carat by Tk 1,341 to Tk 1,12,977, 18-carat ...

Bangladesh and Italy have agreed to further strengthen bilateral relations at the Second Political Consultations held in Dhaka. The two friendly countries launched the Political Consultations on 7 June 2023 in Rome by signing a memorandum of understanding. The holding of the second round of political consultations exactly after one year bears a testament to the robust partnership between the ...

Kaus Mia, proprietor of Hakimpuri Jorda and the highest taxpayers in Bangladesh, passed away early Tuesday at a private hspital in the capital. He was 94. He breathed his last around 12:40am at Asgar Ali Hospital, said his grandson Anwar Sadat. Kaus Mia, one of the highest taxpayers in Bangladesh for 26 years, had been sufferings from old-age complications. He ...

South Korea will provide $100 million loan to Bangladesh under the “Second Strengthening Social Resilience Programme, Sub-programme-1”. In this regard, a loan agreement was signed on Monday between the government of Bangladesh and the Korea Exim Bank, said a press release. Mirana Mahrukh, wing chief and Additional Secretary of the Economic Relations Division (ERD) and Hwang Kiyeon, executive director, Korea ...

Four members of the UK’s richest family have received prison sentences for exploiting staff brought over from India to work at their Geneva villa. Prakash and Kamal Hinduja, as well as their son Ajay and his wife Namrata, were found guilty of exploitation and illegal employment by a Swiss court and handed sentences ranging from four to four-and-a-half years. They ...

The original watercolor illustration for the first edition of “Harry Potter and the Philosopher’s Stone” — the book that introduced the world to the young bespectacled wizard — will go up for auction in New York on Wednesday. The work by Thomas Taylor, who was just 23 years old in 1997 when he painted the iconic image of the young ...

British journalist Robert Winnett will no longer join the Washington Post as editor and instead remain at the Daily Telegraph in London, after controversy at the US newspaper over his appointment. Telegraph editor Chris Evans told staff the news in an email seen by the BBC, writing that Winnett, the Telegraph’s deputy editor, is “a talented chap and their loss ...

Chinese car companies have called on Beijing to hit European Union rivals with import taxes of up to 25% if the trading bloc imposes tariffs on vehicles from China, the country’s state media has reported. The demand was reportedly made at a closed-door meeting organised by China’s Ministry of Commerce, which was also attended by representatives of European car firms. ...

The European Union is expected on Wednesday to rebuke nearly 10 governments, including France and Italy, over their excessive spending after new budget rules entered into force this year. It comes at a particularly difficult moment for France, where both the far left and far right are piling up spending promises ahead of snap polls triggered by President Emmanuel Macron’s ...

Chip-maker Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday. It is now worth $3.34tn (£2.63tn), with the price having nearly doubled since the start of this year. The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than fellow tech giant Microsoft. It overtook Apple ...