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The Financial Express

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Europe likely to see another jumbo interest rate hike

Europe likely to see another jumbo interest rate hike

-- 2022-10-27 16:30:29

The European Central Bank is set to follow the playbook of the US Federal Reserve in making its second big interest rate increase in a row on Thursday, underlining its determination to stamp out the r...

US Commercial Service opens new office in Dhaka to boost trade ties

US Commercial Service opens new office in Dhaka to boost trade ties

-- 2022-10-27 15:54:27

The United States has formally opened a new commercial service office at the US Embassy in Dhaka, which will play an important role in strengthening trade ties between the two countries. US Assistant...

Currency depreciation risk intensifying global food, energy crisis, World Bank says

Currency depreciation risk intensifying global food, energy crisis, World Bank says

-- 2022-10-27 15:20:29

The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, the World Ban...

Bangladesh seeks AIIB's enhanced budget support

Bangladesh seeks AIIB's enhanced budget support

FHM HUMAYAN KABIR 2022-10-27 10:24:29

Bangladesh has sought extended assistance, especially budget support, from the Asian Infrastructure Investment Bank (AIIB), officials said here on Wednesday. Amid the volatile global scenario, Financ...

Covid shocks still stalk education, job creation

Covid shocks still stalk education, job creation

FE REPORT 2022-10-27 10:17:53

Despite some economic recovery from the Covid-19 fallout, challenges still persist largely in health, education, employment generation and poverty reduction in Bangladesh, according to a survey. Besi...

IMF stocktaking on budgetary support begins

IMF stocktaking on budgetary support begins

FE REPORT 2022-10-27 08:48:56

Finance officials appear upbeat about getting a US$4.5-billion loan approved as the International Monetary Fund (IMF) opens talks on the budget-support credit Bangladesh has sought to replenish fo...

Energy prices to decline 11pc in 2023 after 60pc jump in 2022, World Bank projects

Energy prices to decline 11pc in 2023 after 60pc jump in 2022, World Bank projects

-- 2022-10-26 20:53:33

The World Bank on Wednesday said it expects energy prices to decline 11 per cent in 2023 after a 60 per cent surge in 2022, with slower global growth and continued COVID restrictions in China posing k...

IMF delegation arrives in Dhaka to discuss $4.5b loan

IMF delegation arrives in Dhaka to discuss $4.5b loan

-- 2022-10-26 19:48:59

An International Monetary Fund (IMF) team is now in Dhaka to discuss the terms and conditions of a prospective $4.5 billion loan for the Bangladesh government.  Officials of the Ministry of Fina...

Global economy approaching a recession: Reuters poll

Global economy approaching a recession: Reuters poll

-- 2022-10-26 19:36:30

The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistent...

Speakers stress need for competitive tariff structure for post-LDC period

Speakers stress need for competitive tariff structure for post-LDC period

-- 2022-10-26 19:21:34

Speakers at a workshop have underscored the need for a competitive and rationalised tariff structure for the post-LDC period. They made the observation at a workshop on ‘Competitive tariff stru...

Turkey fines Meta $18.6m for violating competition law

Turkey fines Meta $18.6m for violating competition law

-- 2022-10-26 16:29:33

Turkey's competition authority has fined Facebook parent Meta Platforms Inc 346.72 million lira ($18.63 million) for breaking competition law, it said on Wednesday. The company held a dominant positi...

Bangladesh to get $3.41m from Jica for human resource development

Bangladesh to get $3.41m from Jica for human resource development

-- 2022-10-26 16:22:42

Japan International Cooperation Agency (JICA) has signed a grant agreement with the government for the implementation of the Project for Human Resource Development Scholarship (JDS). The JDS is a gra...

Bangladesh an attractive business hub, says US envoy

Bangladesh an attractive business hub, says US envoy

FE REPORT 2022-10-26 10:11:41

Terming Bangladesh attractive as a trade destination, US Ambassador in Dhaka Peter D Haas said the more US companies explore Bangladesh market, the better the possibility of investment from them. US...

Q1 foreign aid drops

Q1 foreign aid drops

FHM HUMAYAN KABIR 2022-10-26 07:52:59

Foreign-aid flow into Bangladesh ebbed down in the first quarter (Q1) of the current fiscal as key multilateral donors appeared generous on pledge but tightfisted on fund disbursement, officials say....

IMF’s $4.5b loan to Bangladesh unlikely before January: officials

IMF’s $4.5b loan to Bangladesh unlikely before January: officials

-- 2022-10-25 18:54:27

The $4.5 billion loan Bangladesh is seeking from the International Monetary Fund (IMF) is unlikely to arrive before January next year, according to officials familiar with the negotiations. An IMF te...

Chattogram EPZ to get $31.75m more investment

Chattogram EPZ to get $31.75m more investment

-- 2022-10-25 18:35:02

Bangladeshi company Ms Pacific Attires Limited is going to set up a high-end garments manufacturing industry in Chattogram Export Processing Zone (CEPZ). This company will invest US$31.75 million whe...

Wall Street bankers in Riyadh renew warnings over world economy

Wall Street bankers in Riyadh renew warnings over world economy

-- 2022-10-25 18:28:01

Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation. Goldman Sachs boss David S...

WhatsApp back online after global outage

WhatsApp back online after global outage

-- 2022-10-25 16:40:44

Messaging app WhatsApp was starting to come back online at 0900 GMT and the company said the issue has been fixed after users across the world reported problems earlier on Tuesday. At around 0750 GMT...

World is in its first truly global energy crisis, IEA chief says

World is in its first truly global energy crisis, IEA chief says

-- 2022-10-25 15:20:10

Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the Internat...

WhatsApp down for thousands of users across the world

WhatsApp down for thousands of users across the world

-- 2022-10-25 14:42:51

Popular messaging app WhatsApp has stopped working for many users across the world, with users across India, the United Kingdom, South Africa and Asia reporting issues with sending and receiving t...

Japan’s efforts fail to prop up yen against persistent dollar strength

Japan’s efforts fail to prop up yen against persistent dollar strength

-- 2022-10-24 17:06:03

Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days of suspected intervention, but ultimately failed to prop up the currency against p...

Indonesia exports could hit record $280b this year

Indonesia exports could hit record $280b this year

-- 2022-10-24 13:50:03

Indonesia's exports could hit a record $280 billion this year, with nickel-based steel shipments rising sharply after the country banned nickel ore exports, while shipments of other commodities got a...

BB to issue Tk 500 notes signed by new governor

BB to issue Tk 500 notes signed by new governor

FE REPORT 2022-10-24 09:39:46

Bangladesh Bank will issue new Tk 500 banknotes signed by its Governor, Abdur Rouf Talukder, today (Monday). The new notes will be available at the Bangladesh Bank head office today while at th...

NBR's Q1 revenue collection grows 16pc

NBR's Q1 revenue collection grows 16pc

DOULOT AKTER MALA 2022-10-24 09:14:17

The country's internal tax revenue collection grew by nearly 16 per cent (year-on-year) in the first quarter (Q1) of the current fiscal year despite posting a shortfall of Tk 40.74 billion against...

Robi needs an AI Research Scientist

Robi needs an AI Research Scientist

FE Online 2022-10-23 15:55:28

Robi Axiata Ltd is presently the second largest mobile operator in Bangladesh.  Vacancy: 1 Role: AI Research Scientist Job Responsibilities: Continuous exploration of AI algorithms, librari...

Poor nations face peril over elusive G-20 debt relief push

Poor nations face peril over elusive G-20 debt relief push

FE ONLINE DESK 2022-10-23 11:45:29

A failure to secure meaningful progress on a debt relief for the world's poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers,...

Netflix opens 'immersive' store for fans of popular shows

Netflix opens 'immersive' store for fans of popular shows

-- 2022-10-22 19:57:16

Streaming giant Netflix has opened a Los Angeles store that it hopes will combine retail therapy with an 'immersive' experience for fans of its popular 'Stranger Things,' 'Bridgerton,' and 'Squid Game...

Facebook threatens to block news content over Canada’s revenue-sharing bill

Facebook threatens to block news content over Canada’s revenue-sharing bill

-- 2022-10-22 19:35:03

Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms to pay news publishers. The Online Ne...

Google calls India antitrust watchdog's Android decision a 'setback' for consumers

Google calls India antitrust watchdog's Android decision a 'setback' for consumers

FE ONLINE DESK 2022-10-22 11:58:40

Alphabet Inc's Google said on Friday that the Indian antitrust watchdog's decision to fine it 13.38 billion Indian rupees ($161.95 million) for anti-competitive practices was a "major setback" fo...

50 industrial units, projects, facilities in EZs to be inaugurated on Oct 26

50 industrial units, projects, facilities in EZs to be inaugurated on Oct 26

-- 2022-10-21 22:48:20

As many as 50 industrial units, projects and facilities will be inaugurated in economic zones (EZs) across the country on October 26 marking 50 years of independence. Bangladesh Economic Zones Author...