India’s annual electricity demand fell for the first time in at least 35 years in the fiscal year to March, government data reviewed by Reuters showed, mainly due to strict coronavirus-induced lockdowns across the country.

Swedish fashion giant H&M is to lay off more than 1,000 staff in Spain who are currently on furlough due to the pandemic, the Workers’ Commission (CCOO) union said Tuesday.

The International Monetary Fund raised its outlook for global economic growth again on Tuesday, forecasting worldwide output would rise 6 per cent this year, a rate unseen since the 1970s, thanks largely to the unprecedented policy responses to the COVID-19 pandemic.

Index Agro Industries gave the bad news of a fall in profits yesterday ahead of its trade debut on the stock exchanges.

Finance Minister AHM Mustafa Kamal has sought $500 million in loans from the World Bank to help Bangladesh implement its budget.

Residents in Dhaka and other parts will be able to get delivery of foods and products they purchase from e-commerce platforms from morning till midnight, said the Ministry of Commerce in a notification today.

The commerce ministry has extended the deadline for holding elections to executive councils of all trade bodies till December 31 this year.

After the World Bank, the International Monetary Fund (IMF) has also revised up its growth forecast for Bangladesh economy.

The US-Bangladesh Business Council will be launched today virtually to boost the bilateral trade and investment between the two countries.

Finance Minister AHM Mustafa Kamal has sought $500 million in loans from the World Bank to help the south Asian nation implement its budget.

Business owners and employees continued their demonstration demanding government let their businesses run during the “lockdown” for the second consecutive day today.

Agriculture ministry today begins distributing subsidised agricultural machinery among farmers across the country under the biggest ever farm mechanisation project involving Tk 3,020 crore.

Stocks continued going upwards for the second day today thanks to the purchasing tendency of the investors in the presence of many lucrative shares.

Owners of small businesses in Rajshahi defied the government-imposed restrictions and opened their shops this morning.

Merchandise export earnings rebounded sharply with a 12.59 per cent year-on-year rise to hit $3.07 billion in March thanks to the recovery in garment shipment over the last few months on the back of relaxed lockdowns.

Ceramic manufacturers have demanded the withdrawal of supplementary duties on tiles and sanitary products at production stage to protect the local firms and recover from the losses caused by the coronavirus pandemic.

Faruque Hassan, the president-elect of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has vowed to beef up international marketing to recover the apparel export losses that stemmed from the fallout of the coronavirus pandemic.

Revenue collection gained slight momentum in the last two months after witnessing a slow upward trend at the beginning of the fiscal year.

Nations of the D-8 should sign a much-needed preferential trade agreement (PTA) to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said yesterday.

Bangladesh has finally started to farm vannamei shrimp on pilot basis following pleas from exporters as locally grown black tiger shrimp and freshwater prawn are unable to compete with cheaper varieties in western markets.