Sun, 24 Nov 2024, 04:07 am
Economy

US raises interest rates despite banking turmoil

The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of bank failures. The Federal Reserve increased its

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‘Please resign’: Mark Zuckerberg’s Harsh 2010 email to employee leaks

An old email that appeared on social media for the first time on Tuesday shows an enraged Mark Zuckerberg asking a Facebook employee to “please resign”. The employee was accused

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BB plans to lift 9pc lending rate cap to increase bank deposits

The central bank is considering lifting the 9 percent cap on bank loan interest rates, which was imposed as a condition for a $4.7 billion IMF loan. The cap is

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Central banks to boost flow of US dollars amid market unease

Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger. Six central banks, including the Bank of

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Dates, fruits to be more costly during Ramadan due to LC opening crisis

This year, the consumers will have to spend more money than usual in case of purchasing dates and other fruits—two essential items in iftar during Ramadan, due to importers’ difficulty

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Rise in exports, remittance eases dollar crisis

The Bangladesh economy has shown signs of improvement in overcoming the deepening dollar crisis caused by the Russia-Ukraine war, with an improvement in forex supply at banks. This has led

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11 Bangladeshi auto mechanics get job in Japan

Eleven auto mechanic students who graduated from Japan Automechanic School (JAS) in Dhaka, are all set to leave for Japan to start their professional career. These students received two years

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ADB, IFC push Bangladesh for blue economy

Asian Development Bank (ADB) and International Finance Corporation (IFC) are keen to facilitate Bangladesh’s blue economy. They proposed to finance commercial exploitation of vast resources in the Bay of Bengal.

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World Bank agrees to finance for development of metro rail-centric communication

The World Bank has agreed to provide fund for developing the metro rail-centric communication system, constructing walkways beside canals and procurement of electronic buses. It will provide support under the

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Lebanese pound hits historic low of 100,000 to dollar

The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, the latest sombre milestone in an economic meltdown that has plunged most of the

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