A High Court bench yesterday refused to hold hearing on a writ petition that challenged the legality of Bangladesh Bank’s decision to set a maximum nine per cent interest rate on all loans except credit cards. The HC bench comprising Justice Tariq ul Hakim and Justice Md Iqbal Kabir made the petition…

Finance Minister AHM Mustafa Kamal has inaugurated the country’s first lift manufacturing plant set up by the local electronics giant Walton. The…

Expatriate Bangladeshis sent US$ 12,498.56 million remittances during the first eight months of the current fiscal 2019-20, which is apparently 20.06 per cent higher than the same period of the preceding year, according to a Bangladesh Bank (BB) data.  The country received US$10,410.29 million…

The coronavirus outbreak will have a major impact on economic growth worldwide this year, the OECD warned yesterday as it lowered its global GDP forecast…

G7 and eurozone finance ministers will hold conference calls on Wednesday to “coordinate their responses” to the impact of the coronavirus on the global economy, French Finance Minister Bruno Le Maire said yesterday. “We will have that meeting by phone — because you need to avoid…

A nine-day National SME Products Fair 2020 will kick off  tomorrow (Wednesday) in the capital to promote local products in local and international markets. Prime Minister Sheikh Hasina will inaugurate the fair in the morning at Krishibid Institution Bangladesh, Industries Minister Nurul Majid Mahmud…

British trade negotiators begin a marathon of talks yesterday in Brussels aimed at forging a new post-Brexit relationship with the EU, but the two camps have drawn red lines that remain far apart. The EU’s chief negotiator Michel Barnier and his UK counterpart David Frost will lead the talks,…

Beximco and VisionSpring Bangladesh committed yesterday at the Beximco Apparel Limited in Beximco Industrial Park Gazipur to bring the wonder of clear…

German airline group Lufthansa said yesterday it was extending flight cancellations on Iran and China routes until late April, part of a broader rollback because of the novel coronavirus. The group’s namesake carrier and subsidiaries Austrian and Swiss will not fly to and from mainland China until…

Nokia’s chief executive officer Rajeev Suri will leave the telecom equipment provider in September and be replaced by the current head of Finnish energy group Fortum, Nokia announced yesterday. Pekka Lundmark will take over on September 1, Nokia said. Suri, who has been Nokia’s president…