Mon, 20 Jan 2025, 05:12 pm
Economy

ECB, IMF welcome EU proposals to revamp spending rules

The European Central Bank and the International Monetary Fund on Friday welcomed the EU’s proposals to overhaul its fiscal rules to boost growth, but the IMF called for more action. The EU’s

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BAT to pay over $600 million for violating North Korea sanctions

British American Tobacco has agreed to pay over $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the United States

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Economists see hope in alternatives to US dollar

Economists have praised the move to adopt alternative currencies, such as the Indian Rupee and Chinese Yuan, in foreign projects and bilateral trade to ease the foreign exchange reserve. As

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Rise in remittance eases pressure on forex reserves

Bangladesh’s foreign currency reserve has experienced a slight respite due to the inflow of remittances ahead of Eid-ul-Fitr, with expatriates sending over $1.1 billion during the first 17 days of

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Many US-based clothing brands yet to join accord in Bangladesh: HRW

Human Rights Watch, in a report on Tuesday said that many clothing brands, mostly from the United States, had not joined the accord on health and safety in Bangladesh, a

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Bangladesh to import sugar from Malaysia at cheap price

Bangladesh government has decided to import sugar from Malaysia at comparatively low cost. The sugar will be sold at open market through TCB at low price. Cabinet Committee on Government

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Eid Shopping: Light fabrics, colourful clothes in high demand

As Eid-ul-Fitr draws near, shoppers are prioritising light fabrics and colorful clothes to combat the scorching heat. This year, Eid-ul-Fitr will be celebrated a week after Pahela Baishakh, the Bengali

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Govt plans 7.6trn budget for FY24

The government will announce a Tk 7.6 trillion national budget for the 2023-24 fiscal year, with aims to curb inflation, reduce poverty, generate more revenues and reduce subsidies. The preliminary

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Budget Support: Bangladesh to get $1.45bn more from dev partners

Bangladesh is likely to receive $1.45 billion in loans from four development partners to support its Covid-19 recovery and address the dollar crisis. The loans include $500 million from the

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Oil prices surge after surprise move to cut output

Oil prices have surged after several of the world’s largest oil exporters announced surprise cuts in production. The price of Brent Crude oil jumped by more than $5 a barrel,

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