Many poor people did not get the relief meant for them during the coronavirus pandemic because of the corruption perpetrated by a section of local elected representatives, alleged leaders of community-based organisations yesterday.

The sales of air conditioners have tripled year-on-year in April and May as people rushed to retailers to get rid of the scorching summer.

The government is planning to offer a 10-year tax exemption for agricultural machinery manufacturing in order to encourage investment and support farmers’ growing appetite for machines to increase productivity and cut labour-shortage induced higher production costs.

There is a lack of integrated national-level database, which is required for effective distribution of relief among the poor and vulnerable sections of the population, experts said at a webinar.

Bangladesh has failed to achieve its target to raise the share of renewable energy to the total power generation to 10 per cent by 2020 amid constraints of resources, technologies and policies.

The International Monetary Fund on Tuesday said it expects to provide an additional $1.6 billion in financing to Egypt after its executive board approves the funding in coming weeks.

British retailer Marks & Spencer forecast a rebound in profit this year after an 88 per cent slump in 2020-21 that reflected a collapse in clothing sales due to the Covid-19 pandemic but warned investors not to expect a dividend this year.

US Senate Republicans plan to unveil a counteroffer to President Joe Biden’s $1.7 trillion infrastructure proposal on Thursday, though one of their leaders said on Tuesday the two sides remain far apart.

Goldman Sachs said Tuesday it won preliminary approval from Chinese regulators for a wealth management joint venture to serve customers in China.

Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth as the coronavirus pandemic drives a shift in consumer spending online.

Germany’s economy fell more than previously thought in the first quarter as coronavirus restrictions curbed consumption, but business confidence has since soared on hopes of a quick recovery, data showed Tuesday.

The EU on Wednesday tasked tech giants such as Facebook, YouTube and TikTok to do more against disinformation and provide much better access to their algorithms as well as beef up fact-checking.

US consumer confidence hovered at a 14-month high in May as optimism over jobs tempered concerns about rising inflation and diminishing government financial support.

Bangladesh’s signing of a free trade agreement (FTA) with Malaysia should not be just for the duty free benefits on export but also for securing massive investments, according to economists.

Various trade bodies in Chattogram have urged the government to increase its special allocation for the port city’s development projects in the national budget for fiscal 2021-22.

The government has made the quality testing of imported bitumen mandatory to ensure product standards.

Unit holders of Southeast Bank 1st Mutual Fund have given the go-ahead for VIPB Asset Management Company to convert the closed-end fund into an open-end one.

The Bangladesh Export Processing Zones Authority (Bepza) is establishing an economic zone at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to diversify exports.

People will be able to transfer funds from their mobile wallets to other accounts belonging to another carrier and banks by December in a development that would give the mobile financial service (MFS) industry a massive boost.

After a long six-and-a-half years, betel leaf export to the European Union has resumed following a recent lifting of its ban, with the first consignment of one metric tonne being sent off for the United Kingdom yesterday.