Commerce Minister Tipu Munshi on Thursday said the government has no restrictions on importing food products from Russia and Ukraine or any other country. The minister was talking to the media after a top level government meeting on import of food grains and products held at the secretariat. He said the importing of food products was discussed at the meeting ...

Hainan island in the South China Sea says it will become China’s first region to ban sales of gasoline- and diesel-powered cars to curb climate-changing carbon emissions. Sales of fossil fuel-powered cars will be banned by 2030 and electric vehicles promoted with tax breaks and by expanding a charging network, the Hainan provincial government said in a “Carbon Peak Implementation ...

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has raised the price of bottled soybean oil by Tk 7per litre. With the price hike, each litre of soybean oil is now at Tk 192. The new price will be effective from Today (Tuesday). The organisation announced this in a notification on Tuesday. Meghna Group’s senior AGM Toslima Shahriar said ...

Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1%, to $97.41 a barrel by 0328 GMT, after a choppy session on Monday when they dropped by more than $4 ...

A woman has died after a collision left a Range Rover on a train track in west London. The Metropolitan Police said the collision, involving a Range Rover and a Tesla, happened on the A40 westbound near Park Royal Tube station in west London at 3.48am on Monday. A London Underground line has been part suspended following the incident. Emergency ...

Fuel Oil traders in Khulna have been observing a 12-hour work abstention since Monday morning to press home their three-point demands. Following the work abstention, fuel oil extraction and supply to Padma, Meghna and Jamuna oil depots has been suspended from 6am. Bangladesh Tank lorry Owners Association, Bangladesh Fuel Oil Distributors’ Association and four other organisations enforced the strike. Murad ...

diesel-run power plants will be resumed to increase the power generation. As part of an austerity measure, the government suspended the operation of the diesel-fired power plants from July 19 and introduced area-wise load shedding to reduce diesel imports and save foreign currency. Although area-based load-shedding was scheduled for one hour, it continued for three hours at a time in ...

Oil prices steadied on Friday, but fell for the week on a stronger US dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at $96.72 a barrel, gaining 13 cents. US West Texas Intermediate crude ended 27 cents higher at $90.77. Both benchmarks fell about 1.5% on the week, reports Reuters. Oil briefly jumped ...

The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilise up to US$1 billion of cofinancing capacity to support lending to Financial Institutions (FIs) in Asia and the Pacific. The Master Framework Programme for Financial Institutions will allow the ADB to increase its lending to both commercial banks and non-bank financial institutions in ...

The Chattogram seaport has became the 64th busiest port among the top 100 container ports across the world. The ranks have been detected in terms of annual container handling in 2021, according to Lloyd’s List, one of oldest shipping journals in the world. In 2020, the port held the 67th place in the list. The latest edition of Lloyd’s List ...