Business

The average household spend on food and drink is on course to rise by £275 this year, prompting shoppers to buy cheaper groceries or prepare simpler meals at home to cut costs. Over the past month, food prices have risen by 5.2% compared to last year as consumers’ concern about the cost of shopping has accelerated, according to Worldpanel by ...

Gold prices in Bangladesh have been increased once again, with the new rate for 22-carat gold set at Tk 171,601 per bhori (11.664 grams), reflecting a hike of Tk 1,050 per bhori. The decision comes in response to a rise in the price of acid-refined (tejabi) gold in the local market, according to Bangladesh Jewellers Association (BAJUS). The revised pricing ...

Asian shares were mixed on Monday, while US stock futures rose modestly following Wall Street’s third consecutive weekly gain. Market sentiment remained cautious amid political instability in Japan and anticipation of key earnings reports from major U.S. tech firms later this week. Markets in Japan were closed for a holiday, a day after the ruling Liberal Democratic Party (LDP) suffered ...

Bangladesh’s apparel exports to the United States recorded a significant 21.6 percent year-on-year growth in the January–May 2025 period, reaching $3.53 billion. The latest figures, released by the Office of Textiles and Apparel (OTEXA), indicate that Bangladesh’s performance far outpaced the overall growth in US apparel imports, which rose by just 7.06 percent during the same period to $31.70 billion. ...

Key representatives from Bangladesh’s business community gathered in Dhaka today for a breakfast meeting hosted by Swiss Ambassador Reto Renggli, where they discussed the country’s macroeconomic outlook, challenges in the financial sector, and emerging investment opportunities. Among the participants was Dr. Debapriya Bhattacharya, chair of the commission behind the recently published White Paper on the State of the Bangladesh Economy. ...

Expatriate Bangladeshis have sent approximately US$1421 in remittances during the first 16 days of July in the current fiscal year 2025-26, according to data released by Bangladesh Bank on Friday. This amount reflects a daily inflow of $88.21 million, showing a steady increase compared to the same period last year when the country received $1.32 billion. The growing remittance flow ...

Samsung boss Lee Jae-yong has been cleared by South Korea’s top court of fraud charges, concluding a years-long legal battle over his role in a 2015 merger deal. Lee, the grandson of Samsung’s founder and the de facto head of the company since 2014, had been accused of using stock and accounting fraud to try to gain control of the ...

The European Commission is set to unveil its proposal Wednesday for the European Union’s next long-term budget, marking the start of two years of high-stakes negotiations over spending priorities, funding reforms, and potential new taxes. Commission President Ursula von der Leyen faces the difficult task of balancing growing demands on the EU — including defense, climate change, industrial competitiveness, and ...

The cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government to encourage drivers to move away from petrol and diesel vehicles. The discounts will apply to eligible vehicles costing up to £37,000, with the most environmentally friendly vehicles seeing the biggest reductions, the Department for Transport (DfT) said. ...

The newly formed Income Tax Intelligence and Investigation Unit (ITIIU) has identified tax evasion amounting to Tk 1,874 crore during its first seven months of operations, authorities said this week. Since launching full-scale activities last December, the ITIIU has investigated 183 individuals and organizations, unearthing widespread tax irregularities. As part of its enforcement drive, the unit has already recovered Tk ...