Traders in Chattogram’s Khatunganj incurred direct financial losses of around Tk 514.38 crore last year solely for waterlogging, estimated a study made public yesterday.

Microsoft stands to receive nearly a quarter of the Covid relief funds destined for US cybersecurity defenders, angering some lawmakers who do not want to increase funding for a company whose software was recently at the heart of two big hacks, according to sources.

Businesspeople will be sentenced to seven years in prison if they make the wrong declaration on exports, imports and investment abroad as the government has moved to rein in trade-based money-laundering, which costs Bangladesh billions of dollars every year.

Italian clothing retailer OVS said yesterday that it would keep its “limited presence” in Myanmar but would stop its business with suppliers acting in a discriminatory way towards workers involved in rallies against the country’s junta.

State lenders in Bangladesh are sometimes in the news for all the wrong reasons. But they also carry the weight of the fast-expanding economy.

The government will distribute Tk 10 crore among 2,000 women in Bangladesh in order to encourage women entrepreneurship in the country’s e-commerce market.

Volkswagen plans to have six battery cell production plants operating in Europe by 2030 to secure supply for the world’s No.2 carmaker’s electric vehicle ambitions. The plants, to be built in partnerships, will have a production capacity of 240 gigawatt hours a year, VW said.

NRB Bank has appointed a new deputy managing director. The appointee, Md Abdul Wadud, was previously serving in the same post at The City Bank, says a press release.

Taiwan’s de facto embassy in Myanmar has advised Taiwanese companies operating in the country to fly the island’s flag and hang signs stating they are from Taiwan to avoid being confused with China, after Chinese-financed factories were set ablaze.

Operations of Indian state-owned banks were hugely disrupted on Monday after hundreds of thousands of workers went on a strike to protest the privatisation plans for two public banks, unions said.

A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash.

China’s industrial output growth quickened in January-February, beating expectations, as the vast manufacturing sector started 2021 on a firm footing and the economy consolidated its brisk recovery.

Although mobile network services have become essential amid the ongoing coronavirus pandemic, the taxes levied on operators hamper the industry’s growth and also burden consumers, according to experts.

The price of Anlima Yarn Dyeing’s stocks has been rising continuously for the past couple of days riding on rumours in spite of the fact that its profits had declined in the last two quarters.

Onion seed growers in Faridpur, one of the largest onion-producing districts, expect bumper yields this year thanks to favourable weather.

The government once again reset and raised the maximum retail prices of edible oil today—second time in a month—in an excuse of its spiralling international rates.

Fashion brands should fix their "broken industry" by ensuring millions of pandemic-hit workers receive their full wages and by guaranteeing severance pay if jobs are cut, a coalition of more than 200 rights groups said on Monday.

Prime Minister Sheikh Hasina inaugurated Bangladesh Infrastructure Development Fund (BIDF) today, aiming to finance different development projects from the country’s fund.

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.

Panasonic Corp’s outgoing Chief Executive Kazuhiro Tsuga said the company will need to reduce its heavy reliance on Tesla Inc by making batteries more compatible with electric vehicles from other global carmakers, the Financial Times reported on Sunday.