Global Business

Global Business

Trump’s family business partner wants to invest in Bangladesh

Gentry Beach, the head of a visiting delegation of US billionaire investors, wants to invest in mineral and gas exploration

1d ago

H&M fourth-quarter sales disappoint due to late Black Friday

H&M's sales in the fourth quarter to Nov. 30 were 62.19 billion Swedish crowns ($5.65 billion), up 3 percent in local currencies

1d ago

Meta posts big profit, aims to take AI lead

The parent company of Facebook, Instagram, and WhatsApp saw its net income soar 59 percent to $62.36 billion for the full year, while fourth-quarter profits jumped 49 percent to $20.84 billion.

1d ago

SoftBank eyes $15-25 bn investment in OpenAI: FT

The report comes after Chinese startup DeepSeek sparked panic this week with a powerful new chatbot developed at a fraction of the cost of its US competitors, dealing a blow to markets.

1d ago

Market-based pricing can cut fuel prices by Tk 10-15 a litre: CPD

The existing automatic pricing formula does not reflect global markets, the think-tank says

2d ago

Top UAE companies to invest in Bangladesh

Two major companies from the United Arab Emirates, Abu Dhabi Ports Group and Masdar, have unveiled plans to invest in Bangladesh’s port development, management, and logistics, as well as the renewable energy sector.

2d ago

Increasing efficiency of NBR essential for business growth

Finance Adviser Salehuddin Ahmed yesterday said that increasing the efficiency of the National Board of Revenue (NBR) is essential for the growth of trade and commerce in the country.

3d ago

Don’t hike gas price further: factory owners

Four associations, including BGMEA, sent joint letter to the power adviser

4d ago

Davos presents elites with economic Rorschach Test

Muhammad Yunus, the Nobel laureate who is leading Bangladesh’s government after protests forced out the previous prime minister, told Reuters Breakingviews that the upheaval in his country demonstrated the dangers of sycophantically praising politicians who pursue headline GDP growth without much thought about the consequences.

4d ago

China manufacturing activity contracts for first time in four months

Policymakers have battled to reverse a post-pandemic slump driven by a crisis in the property sector, weak consumption and high government debt.

4d ago

Weak yuan, Trump tariff threats confound Beijing's economic puzzle

Just days after beginning his second term in the White House last week, Trump said he would impose a 10 percent levy on all Chinese products from February 1, while leaving the door open for negotiations.

4d ago

40 local firms to participate in world’s largest trade fair in Germany

The five-day show, Ambiente 2025, will begin on February 7

5d ago

Cost of foreign debt rises 27% in first half of FY25

Bangladesh paid $1.98 billion in principal and interest in Jul-Dec of 2024, up from $1.57 billion in the same period the previous year

5d ago

Boeing warns Q4 loss bigger than expected on costs from labor strike

The US aviation giant projected a loss of $5.46 per share, much above the $1.55 foreseen by analysts, according to a profit warning that cited the costs of a new labor agreement, among other factors.

5d ago

US Fed prepares to pause in first rate decision since Trump's inauguration

The Fed cut its key lending rate by a full percentage point in the last four months of 2024 and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of two percent

5d ago

Govt signs LNG deal with US firm

The government has signed a heads of agreement (HOA) with the US-based Argent LNG to import up to 5 million tonnes of liquefied natural gas per year for 20 years.

5d ago

Kamalapur ICD looking for an operator for five years

Tender has been floated, as the previous contract with Saif Powertec is set to end next month

6d ago

Renata’s sales grow 12%, but profit plunges 35%

Higher wages and currency depreciation caused the profit to fall

6d ago