Mon, 18 Nov 2024, 01:28 pm
Economy

Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets.

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Industries hit hard by energy crisis

Businesses are struggling to continue the operation of manufacturing units as an energy crisis and frequent power outages hit the industrial sector across the country. From apparel to primary textile

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Strong job gains in US add to economic puzzle

Job creation in the US remained robust last month, despite rising prices and a sharp spike in borrowing costs weighing on the economy. Employers added 339,000 jobs, but the unemployment

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Budget to address inflation, crisis

A larger national budget is going to be announced for the fiscal year 2023-24 amid external economic shocks, which aims for maintaining a healthy growth along with low inflation and

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Bad loans surge to Tk 1.31trn for lax governance

The banking sector faces a surge in non-performing loans (NPLs), reaching a staggering Tk 1.31 trillion. This increase of Tk 109.64 billion in the first quarter of the year indicates

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Gold price drops by Tk 1,750 per bhori

Jewellers have lowered the price of gold by Tk 1,750 to Tk 96,694 per bhori in the market of Bangladesh. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS)

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UK annual inflation slides to 8.7% in April: official

Britain’s annual inflation rate fell sharply to 8.7 percent in April from 10.1 percent in March as energy prices weakened, official data revealed Wednesday. The rate of price increases stood

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Rich people to pay more tax, mid-income less

The wealthy people in the country are likely to levied more tax in the upcoming national budget. This is a part of the government’s hunt for more revenues while providing

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Meta hit with record 1.2-billion-euro fine over EU data rules

Facebook owner Meta has been fined a record 1.2 billion euros ($1.3 billion) for transferring EU user data to the United States in breach of a previous court ruling, Ireland’s

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Letter sent to Agri Ministry for importing onion: Tipu

Commerce Minister Tipu Munshi today said that a letter has been sent to the Ministry of Agriculture for importing onion since the price of the essential item has increased at

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