Oil falls 2pc to four-month lows on oversupply concerns
Reuters : Oil prices settled down about 2per cent at the lowest in four months on Thursday, extending a run of declines into a fourth...
Business & Economy
OpenAI hits $500b valuation, topping Musk’s SpaceX
Reuters : OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly...
South Korea posts record semiconductor exports in September
AFP : South Korea recorded its highest ever semiconductor exports in September, official data showed Wednesday, despite growing pressure from US tariffs and other restrictions...
Hilsa weighing 3.4kg sold for Tk10,000 in Lakshmipur
Business Desk : A hilsa weighing 3.4 kilogrammes was sold for Tk10,000 at Ramgati fish market in Lakshmipur on Friday. The giant fish was caught...
Elon Musk achieves first ever $500b net worth
AFP, Washington : Billionaire Elon Musk, the world’s richest person, is nearly halfway to becoming the planet’s first trillionaire, Forbes magazine reported Wednesday.The Tesla and...
Bangladesh draws less than 5pc of S Asia’s logistics FDI: Report
Business Desk : Bangladesh has attracted $1.8 billion in greenfield foreign direct investment (FDI) in logistics between 2019 and 2024, accounting for 4.9 percent of...
Production hit at Gazipur factories due to low gas pressure
Business Report : Gas pressure has dropped in parts of the Gazipur zone under Titas Gas Transmission and Distribution Company, disrupting production at garment factories...
BDCCL seeks major revisions to Oracle cloud contract, demands $3.68m refund
Business Desk : Bangladesh Data Centre Company Limited (BDCCL) has moved to revise what it terms a ‘one-sided’ cloud service agreement with tech giant Oracle,...
Bangladesh’s garment exports to EU rise17.9pc, outpacing key rivals
Business Desk : Bangladesh has achieved a 17.9 percent growth in ready-made garment (RMG) exports to the European Union (EU) during the first six months...
Islami Bank regains control of hacked Facebook page
Business Desk : Islami Bank Bangladesh PLC regained control of its verified Facebook page 12 hours after it was hacked. According to the bank’s public...
Rupali Bank collects $1 billion remittance
Business Desk : State-owned Rupali Bank PLC has achieved the milestone of $1 billion in foreign remittance collection for the first time in the calendar...
ADB signs $30m sustainability-linked loan with Envoy Textiles
Business Desk : The Asian Development Bank (ADB) has signed a $30 million sustainability-linked loan facility agreement with Envoy Textiles Limited, marking ADB’s first such...