Business representatives of Germany at a seminar on Bangladesh’s business and trade in Berlin has lauded the unprecedented development of Bangladesh. Bangladesh Embassy in Berlin and Federal Association of Economic Development and Foreign Trade (BWA) jointly arranged the seminar on “Investment…

Asian markets opened in freefall yesterday, extending a global rout that saw bourses experience their worst day in decades on fears of a recession caused…

Airlines and travelers are still sorting out the new travel ban that President Donald Trump announced late Wednesday that bars most foreign visitors coming to the US from continental Europe for 30 days. The ban will affect 7,300 flights — and more than 2 million airline seats — scheduled…

President Donald Trump on Thursday signed into law a bill that provides $1 billion to help small telecom providers replace equipment made by China’s…

Chief EU negotiator Michel Barnier said yesterday that he had sent an "ambitious" draft of what could be a new post-Brexit trade deal with Britain…

Disneyland will close its doors for the rest of the month, an extraordinary decision mirrored throughout California by companies big and small after Gov. Gavin Newsom’s call for any nonessential gatherings of 250 people or more to be canceled to help stop the rapid spread of the new coronavirus.…

Norway's central bank said yesterday it was cutting its guiding rate as an emergency measure to mitigate the economic consequences of the COVID-19 outbreak. The move, coming in the wake of central bank action across the world, takes the key rate 0.5 points lower to 1 per cent. "There is considerable…

Sweden’s central bank says it will lend up to 500 billion kronor ($52 billion) to companies via the banks to keep them from “being knocked out as a result of the spread of the coronavirus.” In a statement, the Riksbank said the ” turbulence on the financial markets means that…

Saudi Aramco is expected to announce a drop in profits as it unveils Monday its first annual results since its listing, as the energy giant grapples with…

Coal power developers risk wasting hundreds of billions of pounds as new renewable sources are now cheaper than new coal plants, a report has said. The…

The inflation rate in Germany remained at 1.7 per cent in February compared to the previous month, the Federal Statistical Office (Destatis) announced yesterday. At the same time, the total prices of goods were up 1.8 per cent in February year-on-year, it said. Food prices increased above average by…

Yin Ming took his dog for a walk not long after news of the worst US sell-off since 1987 flashed on his screens yesterday morning. He was long Chinese stocks, and the market had been outperforming. “It was life as usual for me,” said Yin, vice president of investment firm Baptized Capital,…

German carmaker BMW reported a 29 per cent drop in profits in 2019 on Thursday, blaming heavy legal costs and high investments in a challenging economic…

Oil prices swung more than six per cent yesterday, but were still on track for their biggest weekly loss in more than a decade owing to a price war and the spreading coronavirus pandemic. In another day of volatile trading, both main contracts initially dipped more than two percent, tracking heavy falls…

The European Central Bank signaled it’s ready to buy more debt of nations such as Italy to calm mounting financial panic, and pushed back against…

The National Board of Revenue (NBR) has invited specific budget proposals from the business community, professional bodies, research organisations, intellectuals and taxpayers of all levels to formulate the upcoming budget for fiscal 2020-21. Various business chambers and associations have been asked…