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The Financial Express

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Musk reverses course, again: he's ready to buy Twitter, build 'X' app

Musk reverses course, again: he's ready to buy Twitter, build 'X' app

REUTERS 2022-10-05 10:07:51

Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media com...

'Focus more on exports, import substitution'

'Focus more on exports, import substitution'

FE REPORT 2022-10-05 08:35:57

The ongoing volatility on the foreign-exchange market cannot be addressed only through tightening imports, Bangladesh Bank (BB) spokesperson Md. Serajul Islam said on Tuesday, stressing the need for b...

Exchange rate volatility caused remittance slump in September: BB

Exchange rate volatility caused remittance slump in September: BB

-- 2022-10-04 22:09:44

Bangladesh Bank spokesperson Md. Serajul Islam on Tuesday blamed the extreme volatility in the forex market in recent months on the global strength of the dollar against almost all currencies. &ldquo...

Apple forced to change charger in Europe as EU approves overhaul

Apple forced to change charger in Europe as EU approves overhaul

-- 2022-10-04 21:58:49

Apple will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port for most electronic devices.The reform passed b...

Premier University is looking for a CSE Lecturer

Premier University is looking for a CSE Lecturer

FE Online 2022-10-04 18:39:15

Premier University is a private university in Chittagong. It was founded in 2002. Vacancy: not specified Role: Lecturer, CSE Education Required: BSc in Engineering with a minimum CGPA of 3.50...

Global recession can be avoided with right fiscal policies, says IMF chief

Global recession can be avoided with right fiscal policies, says IMF chief

-- 2022-10-04 18:18:25

Global recession can be avoided if governments' fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International...

PlayStation eyes new investment for PC, mobile push

PlayStation eyes new investment for PC, mobile push

REUTERS 2022-10-04 13:59:30

Sony Group Corp's gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed riva...

China likely to boost oil products exports into early 2023, support economy

China likely to boost oil products exports into early 2023, support economy

REUTERS 2022-10-04 10:49:31

Chinese refiners are likely to boost refined oil products exports in the last two months of 2022 and into early 2023 after receiving the biggest allocation from Beijing this year, trade sources and an...

Korea raises ODA to $3b for Bangladesh

Korea raises ODA to $3b for Bangladesh

FE REPORT 2022-10-04 09:44:44

Seoul has recently decided to significantly increase its development loans for Dhaka to $3 billion from $700 million for a period of five years, Korean envoy Lee Jang Keun said. On the development fr...

'Inflation little down from a record high'

'Inflation little down from a record high'

FE REPORT 2022-10-04 08:36:14

After hitting a reported new high in August, inflation eased in September for what Planning Minister MA Mannan said wider social safety-net programmes taken by the government for the commoners. The m...

Return submission up threefold

Return submission up threefold

DOULOT AKTER MALA 2022-10-04 08:31:08

The submission of returns by individual taxpayers has gone up threefold this year, as the revenue board made submission of tax-return receipts mandatory while seeking services from various entities....

World economy to see 2.5pc growth in 2022, 2.2pc in 2023: UNCTAD

World economy to see 2.5pc growth in 2022, 2.2pc in 2023: UNCTAD

FE ONLINE DESK   2022-10-03 21:12:57

The United Nations Conference on Trade and Development (UNCTAD) has projected that the world economy would grow 2.5 per cent in 2022. UNCAD expected that growth to decline further to 2.2 per cent in...

Govt securities to trial trading in secondary market next week: BB Governor

Govt securities to trial trading in secondary market next week: BB Governor

-- 2022-10-03 20:13:54

Government securities will start trial trading in the secondary market from next week to turn the capital market vibrant, said Bangladesh Bank Governor Abdur Rouf Talukder on Monday. He said the coun...

Trade deficit widens 6.0pc to $4.56b in July-August

Trade deficit widens 6.0pc to $4.56b in July-August

-- 2022-10-03 15:19:09

The trade gap of Bangladesh widened more than 6.0 per cent to $4.56 billion in the July-August period from a year earlier, according to data from Bangladesh Bank. The trend was also reflected in the...

UK forced into humiliating tax U-turn

UK forced into humiliating tax U-turn

-- 2022-10-03 14:10:43

British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and tur...

Global gas markets to remain tight next year amid supply squeeze

Global gas markets to remain tight next year amid supply squeeze

-- 2022-10-03 11:41:03

Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy-saving measures and high prices, the Internati...

India's Reliance Jio to launch 4G enabled low-cost laptop at $184

India's Reliance Jio to launch 4G enabled low-cost laptop at $184

REUTERS 2022-10-03 11:13:19

Reliance Jio will launch a budget laptop priced at $184 (15,000 Indian rupees) with an embedded 4G sim card, aiming to replicate the success of its low-cost JioPhone in India's highly price-sensitive...

BD losing $6.0b for lower labour productivity

BD losing $6.0b for lower labour productivity

FE REPORT 2022-10-03 08:47:01

Experts have suggested taking prudent steps to control pollution and accelerate efforts to mitigate climate change (CC) impacts, as a recent global report said Bangladesh is losing about US$6.0 billio...

Export, remittance both record fall

Export, remittance both record fall

FE REPORT 2022-10-03 08:31:42

Export earnings and remittance inflow both recorded substantial fall in September in tandem with a slide for months, which could stoke stress on Bangladesh's foreign-exchange reserves, sources say. O...

Bankers blame fixed exchange rate for 25pc drop in remittances

Bankers blame fixed exchange rate for 25pc drop in remittances

-- 2022-10-02 20:13:13

Bangladesh received inward remittances of $1.54 billion in September — a 25 per cent drop compared to August’s remittance. According to the latest data from Bangladesh Bank, the country r...

Bangladesh receives $1.54 billion in remittances in September

Bangladesh receives $1.54 billion in remittances in September

-- 2022-10-02 18:49:01

Expatriate Bangladeshis sent around $1,539.49 million in remittances during the month of September in fiscal 2022-23. From July to September of the current 2022-23 fiscal year, the total remittance i...

Some 345 million people facing food shortages due to Ukraine war, says IMF

Some 345 million people facing food shortages due to Ukraine war, says IMF

-- 2022-10-02 18:36:41

The Ukraine war's disruptions to grain and fertiliser flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million...

Exports drop 6.25pc in September

Exports drop 6.25pc in September

FE ONLINE REPORT 2022-10-02 17:48:39

The country's single-month merchandise export earnings in September 2022, after 13 months of robust growth, entered into negative territory mainly because of the decline in RMG shipments. Export earn...

India cuts windfall tax on crude oil output, diesel exports

India cuts windfall tax on crude oil output, diesel exports

-- 2022-10-02 12:38:28

The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices, reports Reuter...

Apparel exports to EU witness 45pc growth

Apparel exports to EU witness 45pc growth

-- 2022-10-01 21:37:43

The export of RMG items to the European Union (EU) has witnessed a robust growth of 45 per cent during the January-June period of this year compared to the same period last year.  According to d...

US consumers spurn cars, couches and cruises, results show

US consumers spurn cars, couches and cruises, results show

-- 2022-10-01 15:30:28

US consumers are exhibiting fragility ahead of the peak period for corporate results next month, as some are struggling to pay bills and others are slowing purchases of cars, sneaker...

Tesla CEO Elon Musk showcases humanoid robot at event

Tesla CEO Elon Musk showcases humanoid robot at event

-- 2022-10-01 14:39:29

Tesla CEO Elon Musk showcased his much-touted humanoid robot 'Optimus' at the electric vehicle maker's "AI Day" event on Friday, Reuters reports. The billionaire has said a robot business will...

Fitch finds BD's financial front fairly stable

Fitch finds BD's financial front fairly stable

JASIM UDDIN HAROON 2022-10-01 08:53:41

Global rating agency Fitch finds Bangladesh's financial front fairly stable largely for thrift measures and export rise, though some downside risks loom from global price rises and domestic economic s...

ADB to support coral reefs ecosystem in four Asia-Pacific countries 

ADB to support coral reefs ecosystem in four Asia-Pacific countries 

-- 2022-09-30 19:17:11

The Asian Development Bank (ADB) said Friday that it has approved a financial project to support restoration, conservation and management of coral reefs in four countries in Southeast Asia and the Pac...

Sri Lanka's inflation rises to 69.8pc in Sept 

Sri Lanka's inflation rises to 69.8pc in Sept 

-- 2022-09-30 18:54:27

Sri Lanka's inflation, as measured by the year-on-year change in the Colombo Consumer Price Index, rose to 69.8 per cent in September 2022 from 64.3 per cent a month earlier, the Department of Census...