US refineries ramp up output amid energy crisis, ExxonMobil and Chevron profits more than double
The conflicts involving Russia and Iran have squeezed fuel supplies on the global market. In this situation, US oil companies have moved to increase the capacity of existing refineries as well as restart some refineries that had been shut for a long…
UN gives Bangladesh three more years, keeping LDC benefits until 24 November 2029
The United Nations General Assembly (UNGA) has given Bangladesh three more years to prepare for graduating from the list of least developed countries (LDCs). Nepal has been given the same extension. Bangladesh and Nepal had sought extra time to complete…
Tk 10,000 crore and Tk 3,000 crore refinancing schemes: sanction letters handed to 27 entrepreneurs at Pabna town hall
A town hall meeting was held in Pabna for the effective promotion and successful implementation of two refinancing schemes announced by Bangladesh Bank. One of them, worth Tk 10,000 crore, is for ensuring the country’s food security and creating…
War and shipping disruption: World Bank fears commodity prices may rise by up to 23 per cent in 2026
The World Bank has warned that the combined prices of all types of commodities on the global market could rise by up to 23 per cent in 2026. According to the organisation, the ongoing war in the Middle East, disruption to cargo shipping and several other…
Brazil’s stock market plunges 17 percent after Lula win, trading halted for 30 minutes
Brazil’s stock market fell by nearly 17 percent at the start of trading on Monday after President Luiz Inacio Lula da Silva was re-elected. Leftist leader Lula won 51.8 percent of the vote in the election, while his right-wing rival Flavio…
EUR 2 per product type: new handling fee on parcels from outside the EU from 1 November
The European Union (EU) is set to impose a handling fee of 2 euros ($2.25) on parcels arriving from countries outside the bloc from 1 November. The aim is to cope with the huge flow of goods coming from China. News agency AFP reported this. The fee is…
Banana stems Tk 200, lotuses Tk 20: 14 traders bring Lakshmi Puja items from Babuganj village to Barishal city, makeshift market buzzes
Buyers are thronging markets in Barishal city to buy various puja items, including banana stem rafts, banana sheaths, paddy, durba grass, bel leaves and lotuses. The market for puja items in the city has become lively ahead of Lakshmi Puja, one of the…
Trump administration lifts tariffs on some Canadian goods including plywood and paper after Senator Collins’ lobbying, new tariffs on carpets and valves
President Donald Trump’s administration has withdrawn tariffs on several products imported from Canada after a vulnerable Republican candidate said she had lobbied for the change. The decision came on Friday, two weeks before the US midterm…
Bashundhara Group brings Chinese investment and technology to cement sector
Meghna Cement Mills PLC and Bashundhara Industrial Complex Limited (BICL) have signed a memorandum of understanding (MoU) with China’s Guangxi Yufeng Co Limited. The initiative aims to raise production capacity in the country’s cement industry, introduce…
China producer prices rise 5pc on oil costs and supply snags, consumer inflation just 0.9pc
Although inflation at the consumer level remained comparatively low, prices of goods at the production level in China rose significantly in September. Official data released on Wednesday shows that production costs are rising because of higher global oil…