Business

Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world’s third-biggest importer of crude, tempered a rally driven by IEA and OPEC predictions that demand is coming back strong. Brent crude was down 32 cents, or 0.5%, at $69.00 a barrel by 0145 GMT, after gaining more than 1% ...

Biman Bangladesh Airlines will run two additional flights on the Dhaka-Dubai route on May 12 before the UAE’s ban for travellers from Bangladesh comes into effect. The national flag carrier made the move as the UAE’s restrictions for entry of travellers from Bangladesh will come into effect Wednesday, Biman Deputy General Manager (public relations) Tahera Khandaker said Monday, reports UNB. ...

Bangladesh Jewellers Association has raised the price of gold in the local market by Tk 2,333 per bhari. The new price came into effect at 1pm on Monday. After the latest hike, the price of per bhari 22-carat gold will cost Tk 71,442 while per bhari 21-carat Tk 68,293, 18-carat Tk 59,545 and traditional gold will cost Tk 49,222. The ...

On Saturday 8 May, Islamic Relief UK partnered with Newham Community Project food bank to provide 500 food packs to international students and their families in London, who have been struggling financially during Covid-19. Food packs with big portions of items such as tinned tomatoes, chickpeas, lentils, tea bags and biscuits were given to over 700 students and nearly 70 ...

America’s second largest burger chain is returning to the UK after 20 years with a promise to steal market share from rivals McDonald’s and Burger King. Wendy’s, famous for square burgers, plans up to 400 outlets nationwide creating at least 12,000 jobs, although that could take many years, it said. Wendy’s would still be far smaller than McDonald’s, which has ...

Civil Aviation Authority of Bangladesh (CAAB) has said that no passenger from Nepal will be allowed to enter Bangladesh from Monday. A circular has been issued in this regard on Sunday. The decision was taken in order to curb transmission of coronavirus from the badly-affected neighbour countries, CAAB said. CAAB said that only Bangladeshi expatriates/citizens who visited (not residing) the ...

The World Trade Organization chief on Thursday hailed US Trade Representative Katherine Tai’s announcement that Washington supports a temporary global waiver on patent protections for Covid-19 vaccines as the pandemic rages. “I warmly welcome her willingness to engage with proponents of a temporary waiver of the TRIPS agreement to help in combating the Covid-19 pandemic,” Ngozi Okonjo-Iweala said in a ...

When it comes to real estate, Facebook’s Mark Zuckerberg has an extensive portfolio. He owns a $7 million home in Palo Alto, California, a $59 million Lake Tahoe compound, and recently the tech mogul has had his eyes set on Hawaii. According to a March deal that’s just been made public, Zuckerberg and his wife, Priscilla Chan, closed on 600 ...

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic. PayPal said it made a profit of $1.1 billion in the recently ended quarter, compared with $84 million in the same period last year. PayPal-owned mobile payments service Venmo last month began letting users in the United States ...

Demand for Pfizer’s Covid vaccine could bolster its revenues for years, the US drugs giant has said. Pfizer said it was expecting “durable demand” for the vaccine, in a similar way to flu vaccines. In the first three months of 2021, the vaccine generated revenues of $3.5bn (£2.5bn) as governments scrambled to try to contain the pandemic. Revenue from the ...