US Treasury Secretary Janet Yellen on Wednesday defended the IMF’s move to boost its reserve offerings, calling the increased aid a “joint effort” to help the poorest nations hit by Covid-19.

A specialist London court will this week re-consider allowing an historic 14 billion pound ($19 billion) class action against Mastercard to proceed, which could entitle adults in Britain to about 300 pounds each if successful.

A revival in India’s economic activity should continue “unabated” despite a recent surge in coronavirus infections in many areas, the chief of the Reserve Bank of India said on Thursday.

This is a proud moment for a nation, which was once termed as a development “basket case” has now emerged as a “development surprise” at its 50 with particular progress in per capita income as well as social and development sectors.

The famous 300-year-old date molasses market in Sarojganj of Khulna’s Chuadanga district is enjoying excellent business this year.

Higher year-on-year dividend declarations from four listed companies could do little to prevent the country’s stock market from making a drop yesterday.

The National Board of Revenue (NBR) wants to prioritise local industries when making considerations for the next national budget in order to strengthen the country’s economy.

Ever since his professional career began a decade ago, Fakhrul Islam has kept aside a portion of his regular income as a nest egg for rainy days.

Exporters and importers are apprehending prolonged delays in shipments as efforts so far have failed to dislodge a massive container vessel that continues to choke traffic in both directions along the Suez Canal.

Bangladesh needs to improve infrastructure and standard of education, equip the youth population with market-oriented skills and uproot corruption to become a high-income country, experts say.

Asian markets rose Thursday but optimism over the pace of economic recovery continued to be offset by worries about rising infections across Europe and the continent’s vaccine struggles, with inflation concerns casting an ever-present shadow.

The UN Road Transport Conventions such as “Transports Internationaux Routiers” (TIR) could help the effective implementation of this BBIN agreement to improve the trade and connectivity among the signatory countries in South Asia.

Low tide overnight has slowed efforts to dislodge a 400-metre long, 224,000-tonne container vessel that has choked traffic in both directions along the Suez Canal and created the world’s largest shipping jam.

Asian markets extended their losses yesterday with virus and vaccine fears returning to haunt investors as Europe faces fresh infection spikes and lockdowns that could knock the economic recovery off course.

US chip titan Intel said Tuesday it will invest $20 billion in building two new plants in Arizona as part of a plan to ramp up production in the United States and Europe.

The world’s leading banks have provided the fossil fuel industry with $3.8 trillion in financing in the five years following the signing of the Paris climate accord, a group of non-governmental organisations said on Tuesday.

One in five of the world’s 2,000 largest publicly listed companies have now committed to a “net-zero” emissions target to help tackle climate change, researchers said on Tuesday.

The government yesterday approved the import of 50,000 tonnes of rice from India in order to increase the country’s food stock and control spiralling prices.

Twenty years ago, Abdul Gafur Sheikh was a poor day-labourer and debt-ridden and found it difficult to feed a family of six.

The government and Asian Development Bank (ADB) have agreed on short and medium-term roadmaps for 2021-2022 to further accelerate the implementation of ADB-assisted projects.