The global economic outlook is improving as vaccine rollouts allow businesses to resume operations and as the United States pumps trillions of dollars into the world’s largest economy, the OECD said on Monday, nudging its forecasts higher.

Cryptocurrency Ethereum extended gains to rise more than 8 per cent on Monday to $2,587 but remained 40 per cent below a record high of above $4,300 hit earlier this month.

Intel Corp’s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.

About 20 Japanese companies, including electronic component maker Ibiden Co, will work with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan, the Nikkei newspaper reported.

China’s factory activity growth slowed slightly in May as raw materials costs grew at their fastest pace in over a decade, weighing on the output of small and export-oriented firms.

American tyre manufacturer Goodyear Tire & Rubber Company is facing accusations of unpaid wages, unlawful overtime and threats to foreign workers at its Malaysian factory, according to court documents and complaints filed by workers.

The Covid-19 pandemic has wreaked havoc on most of the sectors of the economy. The real estate sector was not spared.

The Centre for Policy Dialogue (CPD) has raised concern over the institutional weaknesses and the country’s inability to implement reform agenda at present.

The benchmark index of the Dhaka Stock Exchange fell today after experiencing ups and downs the whole day.

A full recovery in garment export may take place by October this year, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

The energy regulator today cut the retail price of liquefied petroleum gas (LPG) of private companies by over 7 per cent to Tk 842 for every 12kg cylinder.

An Egyptian court on Saturday postponed a hearing in a compensation case filed by the Suez Canal authority against the owners of a container ship that blocked the canal for six days in March, giving the sides more time to negotiate, legal sources said.

Bangladesh’s largest industrial enclave, the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram, is scheduled to witness the inauguration of its very first factory on June 10, likely through a virtual platform, by Prime Minister Sheikh Hasina.

Two recent decisions by Canada’s telecom regulator are freezing out competition in the country’s highly concentrated industry, critics argue, making it even harder to bring down prices for mobile and internet service.

The health, education, safety net, and agriculture sectors should be on top of the priority list in the next national budget to protect the people and revive the economy from the prolonged coronavirus pandemic, said the South Asian Network for Economic Modeling (Sanem) yesterday.

The government should work more for the development of the country’s young people and increase the allocation for them in the upcoming national budget, said economists, policymakers, civil society and NGO representatives.

The National Board of Revenue has formulated customs rules to facilitate the movement of Indian goods via Bangladesh to northeast India and other countries under the transit and transhipment deal signed by New Delhi and Dhaka.

Bitcoin dipped 5.16 per cent to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close.

Hundreds of residents of Mirsharai upazila formed a human chain at Bangladesh Steel Re-Rolling Mills’ (BSRM) main factory gate yesterday demanding that it stop withdrawing groundwater using deep tube wells, saying it was causing a water crisis in the region.

Mercantile Bank recently witnessed a senior executive vice president being promoted to the post of deputy managing director.