AFP : Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut.Consumer price rises slowed to 2.2 percent in August compared to the same month last year after reaching 2.6 percent in July, closing in on the European Central Bank’s two-percent target.The August rate was the lowest since July 2021 and in line with expectations by analysts...
Business Report : Prime Bank Foundation, the philanthropic wing of Prime Bank PLC, continues to make a lasting impact on the lives of the underprivileged by supporting healthcare and education across the nation.This year, Prime Bank Foundation awarded scholarships to 234 meritorious but unprivileged students under its education support program.The Foundation held its 17th Scholarship Awarding Ceremony of the Education Support Programme at Golf Garden, Army Golf Club in Dhaka on Saturday.Azam J Chowdhury, chairman of Prime Bank Foundation was...
Business Report : The Bangladesh team triumphed on the global stage, winning the prestigious Gold Medal in SDG 6 at the Global Teen Entrepreneurship Competition held at Sola University in Tokyo, Japan recently. Competing against teams from 35 countries, the Bangladesh team’s exceptional innovation and entrepreneurial spirit earned them top honours, according to a press release.The team, represented by Wa si-uz-Zaman Khan, was selected through a rigorous nationwide competition organised by the Students for the Advancement of Global Entrepreneurship (SAGE)...
Business Report : The Bangladesh Bank achieved a record profit in fiscal year 2023-24, fuelled by significant US dollar sales...
Business Desk : The 39th Annual General Meeting of Bangladesh General Insurance Co. PLC. (BGIC) was held on Wednesday virtually...
AFP : Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world’s second-largest economy’s struggle to recover.China is facing a crisis in its vast real estate sector as well as lackluster confidence among households and businesses, which is hindering consumption, while geopolitical tensions with Washington and the European Union threaten foreign trade.In August, the Purchasing Managers’ Index (PMI) — a key barometer of industrial output — stood at 49.1 points,...
Busines Desk : Mr. Muklesur Rahman has been elected as the Chairman of the Executive Committee of National Bank Limited...
Business Report : The government wants to restructure the power companies to get rid of irregularities in the power sector,...
Business Desk : Australia and Canada, under the Strategic Partnership Arrangement (SPA) with BRAC, have contributed Tk10 crore towards flood response and rehabilitation efforts in Bangladesh. Australia has contributed Tk7 crore, while Canada has contributed approximately Tk3.10 crore, reads a press release.This funding will support 11,000 households across flood-affected regions. BRAC, in partnership with Australia and Canada, will utilise the funds to provide substantial support, including cash payments, repair and rehabilitation of water, sanitation, and hygiene facilities, emergency health and...
Business Desk : Distinguished business leader and visionary entrepreneur Mr. Sharif Zahir has been unanimously elected as the Chairman of...
Business Report : Advocate Md. Nuruzzaman Khokan is Managing Director, Dream Square Resort. The modern resort is situated in Mawna...