Business

Sales of Tesla cars in France plunged 59 percent in April, piling on more bad news for the electric vehicle company run by Elon Musk, the billionaire advisor to US President Donald Trump, reports AFP. French car body PFA, which compared registration figures from April with the same month last year, also said that since the beginning of 2025, there ...

The government has reduced the prices of diesel, kerosene, petrol, and octane by 1 taka per liter for the month of May after keeping fuel prices unchanged for two consecutive months. The Ministry of Power, Energy and Mineral Resources issued a notification in this regard on Wednesday evening. According to the new prices, the price of diesel and kerosene has ...

Bangladesh Securities and Exchange Commission (BSEC) has dismissed its 21 officials on charge of blocking the chairman and commissioners on march 5. Of the 21, two officials have been summoned. The BSEC made the decision during an unexpected meeting on Tuesday, said multiple sources of the BSEC. On 4 March, BSEC Executive Director Saifur Rahman was sent on retirement, citing ...

As US trade pressures, Asian economies including Bangladesh—are increasingly turning to American liquefied natural gas (LNG) imports to offset trade deficits. However, energy experts warn this strategy could backfire, locking countries into volatile markets while undermining renewable energy progress, remarks in a statement issued on Sunday (April 27). The global energy analysts said facing mounting US tariffs on solar imports ...

More 20,000 metric tonnes of Atap rice from Vietnam has arrived at the Chittagong port on Monday. Under the terms of the G2G agreement, Bangladesh had contracted to import a total of 100,000 metric tonnes of Atap rice from Vietnam, all of which has now reached the country. The process of unloading the rice has already commenced following sample testing ...

In a remarkable display of ongoing financial support from Bangladesh’s expatriates, the country has received $2.27 billion in remittances within just the first 26 days of April 2025. The flow of remittances continues strong even after the Eid celebrations, underscoring the crucial role of overseas workers in sustaining the nation’s economy, reports UNB. Before Eid, expatriates had already sent a ...

Apple aims to make most of its iPhones sold in the United States at factories in India by the end of 2026, and is speeding up those plans to navigate potentially higher tariffs in China, its main manufacturing base, a source told Reuters. The US tech giant is holding urgent talks with contract manufacturers Foxconn and Tata to achieve that ...

Businessmen in a view-exchange meeting today urged the government for ensuring easier VAT management as well as improved law and order situation for conducting smooth business operations. They said despite having international geo-political impact, the overall trade and investment situation is facing high rate of interest on bank loans, lack of access to finance, higher VAT and tax rates and ...

South Africa’s central bank governor, Lesetja Kganyago, has raised concerns that prolonged bilateral trade negotiations triggered by former U.S. President Donald Trump’s tariff policies are adding to global financial uncertainty. Speaking at a media briefing in Washington during the G20 meetings, Kganyago noted that the current trend of countries engaging in one-on-one trade talks is time-consuming and resource-intensive. “In an ...

A two-day event ‘The Meet Bangladesh Exposition (MBX)’, showcasing Bangladesh’s potential export sectors-Medical and Personal Protective Equipment (MPPE), Leather and Leather Goods, Footwear, Plastics, and Light Engineering, began on Thursday. The EC4J Project (Export Competitiveness for Jobs), a collaboration between the Ministry of Commerce and the World Bank, organised the event at the International Convention City Bashundhara (ICCB) in the ...