US inflation remained tame in July as the continued decline in energy prices dampened price pressures, according to official data released on Friday.…

China’s manufacturing activity contracted for a fourth month in a row in August, official data showed yesterday, as the US stepped up tariff pressure and domestic demand slowed. On Sunday, the US is expected to hit billions of dollars worth of Chinese products with 15 per cent duties, in a sharp…

In the biggest consolidation exercise in the banking space, the government of India on Friday announced four major mergers of public sector banks, bringing…

Google will pay $150-200 million to settle allegations YouTube violated a children’s privacy law while gathering data to better target its adverts, US media reports said Friday. The US Federal Trade Commission agreed the amount of the settlement against YouTube parent Google, which if approved…

Canada’s economy grew by a better-than-expected 3.7 per cent in the second quarter, official figures showed on Friday, good news for Prime Minister Justin Trudeau less than two months before elections. The uptick—expressed at an annualized rate—came after a disappointing end to 2018,…

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed a collaboration agreement with 'Sudokkho', a UK and Swiss government-funded…

Aerospace giant Airbus announced Friday that it is withdrawing from a Canadian government call for proposals to replace 88 aging fighter jets. The contract is reportedly valued at a minimum Can$15 billion (US$11.4 billion). The company announced in a statement with Britain’s Defense Ministry that…

Latest data of Bitcoin futures show that speculative activities weakened after the price of the iconic cryptocurrency dropped significantly in August, according to a report from US Commodity Futures Trading Commission (CFTC) on Friday. For the week ending Aug. 27, non-commercial investors, commonly…

The Large Taxpayers Unit (LTU) under the Value Added Tax (VAT) Department of the National Board of Revenue (NBR) collected Tk 142.12 crore in the last fiscal year (FY19) by disposing of 16 cases through Alternative Dispute Resolution (ADR). The LTU in the previous fiscal year (FY18) collected Taka 6.56…

Shamim Ahmed and Md. Nurul Islam have been promoted as deputy managing director (DMD) of Mercantile Bank Limited, the bank said in a press release. Prior…

Canada’s iconic department store chain Hudson’s Bay is to close its doors in the Netherlands at the end of the year leading to 1,400 job losses, Dutch media said yesterday. Two years after the 349-year-old company opened its very first overseas store in Amsterdam, “Hudson’s Bay…