Business

Following attacks by Yemeni rebels, several shipping firms have said they will avoid the key Red Sea shipping route, which is likely to disrupt global trade by increasing delays and increasing costs, reports AFP. In recent weeks, Yemen’s Iran-backed Houthi rebels have launched numerous drone and missile attacks on ships passing through the Red Sea’s strategic Bab al-Mandab strait, a ...

The price of gold has been raised by Tk 1,167 per bhori following an increase in the price of pure gold in the local market. Now, the price of 22-carat (11.664 grams) gold has become Tk 1,09,292 per bhori. In addition, the price of 21-carat is Tk 1,04,334 per bhori, 18-carat Tk 89,405 per bhori, and gold of traditional method ...

Truckloads of onions have begun stinking along the India-Bangladesh border in Bengal while the prices of the crop move northwards in the neighbouring country, according to a report by The Telegraph Online on Sunday (December 17). A decision of the central government prohibiting export of onions has suddenly slammed the brakes on several cargo trucks, waiting at land ports along ...

Bangladesh Bank has asked the Islamic banks in crisis to resolve the current account deficit but has not decided to remove them from the clearing platform. Bangladesh Bank Spokesperson Md Mezbaul Haque came up with the statement in a press conference on Sunday morning. Speaking at the press conference, Md Mezbaul Haque said that Islamic banks are well placed in ...

Petrol prices have fallen to lowest level at the pumps on average for more than two years, the RAC has said. A litre of unleaded costs about £1.43 on average, a price which was last seen at UK forecourts in October 2021. A fall in wholesale fuel costs has resulted in lower pump prices, the RAC said, adding that petrol ...

A call has been made for hundreds of Post Office staff wrongly accused of theft and false accounting to all have their convictions overturned. More than 700 Post Office managers were convicted when faulty accounting software made it look as though money was missing from their sites. A board overseeing compensation said until all convictions were quashed, “we cannot put ...

It is “too early” to speculate about when UK interest rates will be cut, according to the governor of the Bank of England. Andrew Bailey spoke after the Bank voted to hold interest rates for a third time at 5.25% – a 15-year high. On Wednesday, the US Federal Reserve signalled that rates were at or close to a peak ...

The Senate of the US Congress approved the country’s draft defense budget for fiscal year 2024, worth record $886.3 billion, according to a live broadcast of the vote. A total of 62 senators voted in favor, 10 were against. After being approved by the Senate, the 3,000-page draft National Defense Authorization Act for Fiscal Year 2024 will be sent to ...

The UK economy shrank by more than expected in October, as higher interest rates squeezed consumers and bad weather swept the country. The economy fell 0.3% during the month, after growth of 0.2% in September. Household spending has been dented by rate rises as the Bank of England tries to tackle inflation. It is due to make its next rate ...

The government has decided to procure edible oil and red lentil for the Trading Corporation of Bangladesh (TCB) at a cost of Tk 246.05 crore. The procurement includes Tk 142 crore for 90 lakh litres of edible oil and Tk 104 crore for 12,500 metric tonnes of red lentil. The proposal was approved at the 42nd meeting of the Cabinet ...