The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. The share was almost twice as much money as the

The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. The share was almost twice as much money as the

Bangladesh Bank Governor Abdur Rouf Talukder said the country will be protected from any economic hardship following the ‘cautiously accommodative’ monetary policy. He made the observation while unveiling a monetary policy at BB head office in the capital on Sunday. The

Bangladesh Bank (BB) today announced ‘cautiously accommodative’ Monetary Policy Statement (MPS) for the second half of the current fiscal year 2022-23 (H2FY23). “BB’s monetary and credit programs for H2FY23 will pursue a cautiously accommodative policy stance to

Bashundhara Ready Mix and Construction Industries Limited (BRMCIL), a concern of the country’s largest business conglomerate Bashundhara Group, launched its third plant on Sunday to supply quality concrete for durable constructions in Dhaka city. The largest Ready Mix plant has

Gold is shining once again, as investors bet that cooling inflation in the United States will slow the pace of Fed rate hikes and make the precious metal more attractive. Gold futures were at an eight-month high, climbing 14% since late November to hit $1,882 per ounce on Wednesday.

Jewellers have raised the price of gold by Tk 2, 683 to Tk 93,429 per bhori (11.664 grams) due to a hike of ‘pure gold’ in local market. The standing committee on pricing and price monitoring of Bangladesh Jewellers Association (BAJUS) made the decision at a meeting held on

The Business Conference-2023 of The Premier Bank Limited was held today at R Events, Renaissance Hotel Gulshan Dhaka.  Freedom Fighter Dr H B M Iqbal, Honorable Chairman, Board of Directors of The Premier Bank Limited graced the occasion as Chief Guest Managing Director & CEO

As international gold prices scaled past $1,900 level in the international market, gold prices in India today hit a fresh record high in the futures market. Gold futures on MCX hit record high at Rs 56,245 per 10 gram, surpassing the previous record of Rs 56,191 hit in August 2020. The

At the Voice of the Glocal South Summit hosted virtually by India today morning, Prime Minister of India, Mr. Narendra Modi called on leaders of the Global South to unitedly forge a common agenda for its own development and for the three-fourth of humanity that lives in it. 

The world's richest man, Bernard Arnault, has appointed his daughter to head up fashion house Dior. Mr Arnault promoted Delphine Arnault, 47, as part of a reshuffle at LVMH, Europe's most valuable company. It owns a portfolio of high-end brands including Fendi and Louis

CEO Elon Musk tells followers on Twitter to be ‘cautious’ about articles using unnamed sources after report. Tesla is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News has reported, citing

The government today (Jan 11) approved separate proposals for procuring some 21 lakh tonnes of fuel oil and 60,000 tonnes of fertilizer. The approval came from the second meeting of the Cabinet Committee on Government Purchase (CCGP) this year held today (Jan 11) virtually with Finance

Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the issue said Sunday, confirming press reports. The American investment bank did not respond to an AFP query seeking comment. A source close to the issue said there would be a

Gold prices changed little in the international markets last year. Despite the geopolitical crisis and recession fears reigniting its safe-haven demand in the first quarter, a strong US dollar had cast shadows on the prospects of the yellow metal for the rest of the year. The

The technical evaluation committee of the Bangladesh Energy Regulatory Commission (BERC) on Sunday (Jan 8) recommended raising retail electricity price by 15.43 percent. A day-long public hearing was held in this regard at the BIAM Auditorium in the capital. BERC will announce an

Jewellers have raised the price of gold by Tk 2, 333 to Tk 90, 746 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

Engineers at Roads and Highways Department have sought expansion of Bashundhara testing facilities for ensuring quality of bitumen products in development works across the country. Roads and Highways Engineers Association (RHEA) President Syed Moinul Hasan was addressing at the 32nd

Gold was unstoppable on Wednesday too as it nailed yet another life-high with its safe-haven appeal growing stronger amid rupee depreciation and a dollar dearth. According to All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold soared by Rs900 per tola and

Samsung expects its profits for the last three months of 2022 to fall by 69% to the lowest level in eight years. The world's biggest maker of memory chips, smartphones and TVs forecast its operating profit for the period fell to around 4.3tn won ($3.4bn; £2.8bn) It comes