An apparent lack of coordination and disconnect with state initiatives is causing brush makers of a small village in Tangail to lose out to the Covid-19 fallouts and competition from China.

Private sector borrowers will have to keep at least 5 per cent in cash collateral against foreign loans with the associated guarantee-providing banks.

Bitcoin tumbled almost 10 per cent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding crackdown on bitcoin mining in thin liquidity for the losses.

Dhaka stocks rose to a three-and-a-half-year high yesterday as institutional investors received a boost following the complete withdrawal of the floor price for all companies by the regulator.

Car factories, including those of Renault-Nissan, Hyundai and Ford, can operate with full workforces in India’s automaking hub from Monday, even though 75 per cent of workers at the global carmakers’ plants have not been vaccinated against Covid-19.

Stocks of GPH Ispat rose 2.47 per cent yesterday after news that the company’s Tk 2,390-crore plant has begun commercial production.

The Dow was set for its best day in more than three months on Monday as investors piled back into financials and energy shares that are set to benefit from a broader economic recovery.

Vaccination of 12 crore more people within the next one year is a must to restore confidence and revive Bangladesh’s businesses and economy, said analysts yesterday.

American Airlines on Sunday said it would cancel around 1 per cent of its flights in July to serve a surprise uptick in travel demand at a time when the airline struggles with unprecedented weather and a labor shortage at some of its hubs.

The Bangladesh Bank yesterday issued a policy on calculating the interest rate of short-term foreign loans as the London Interbank Offered Rate (Libor) is set to be phased out gradually from next year.

Germany on Monday opened an investigation against Apple over anti-competition practices, as the iPhone maker became the fourth US tech giant to be hit by such probes.

The number of restaurants and the people involved in the sector has significantly increased over the decade to 2019-20 thanks to changing lifestyle, increasing mobility of people, and demand for dining-out, according to a new survey.

Britain’s business minister Kwasi Kwarteng said on Monday he was “pretty sure” the so-called ‘triple lock’ system for increasing state pensions would not be changed to pay for the cost of dealing with the Covid-19 pandemic.

Grameenphone retrenched 159 employees on Sunday after they refused to accept its voluntary retirement scheme (VRS).

Britain’s top central bank officials look set to remain divided this week over whether to pull the plug on their 875 billion-pound ($1.2 trillion) government bond purchase programme, after inflation hit its highest in nearly two years.

A German trade union called on workers at seven Amazon warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion.

The US Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best chance after the pandemic, is being tested by a potentially table-turning rebound of inflation and what’s become a relative rush of policymakers determined not to let it get out of hand.

A slide in bank and mining stocks led European shares to a two-week low on Monday after the U.S. Federal Reserve’s surprisingly hawkish stance on monetary policy last week, while Morrisons surged 31 per cent on hopes of a bidding war to buy out the UK grocer.

Singer Bangladesh recently launched a “SINGER Eid Anondo Offer” on refrigerator and freezer purchases ahead of Eid-ul-Azha.

Oil prices edged higher on Monday, underpinned by strong demand during the northern hemisphere summer driving season and a pause in talks to revive the Iran nuclear deal that could lead to a resumption of crude supplies from the OPEC producer.