JP Morgan is set to take over the troubled US bank First Republic in a deal brokered by regulators. The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that First Republic had collapsed on Monday. Investment banking giant JP Morgan will now take on "all of

The prices of broiler chicken and vegetable have gone up in Dhaka's kitchen markets even after the festival of Eid-ul-Fitr. On Friday (April 28), upon visiting several kitchen markets around the capital including Malibagh, Modhubag and others it was seen that the price of broiler

Collapsed banking giant Credit Suisse says 61.2bn Swiss francs (£55.2bn; $68.6bn) left the bank in the first three months of the year. The announcement gives an insight into the scale of the bank run that caused the 167-year-old lender to fail and triggered its state-backed

World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank. Global spending rose for the eighth consecutive year, the Stockholm

According to the outlook survey conducted by Knight Frank, 6% of the total investable assets of Indian ultra-high net-worth individuals (UHNWIs) were allocated to gold in 2022. India and the Chinese mainland were ranked second on the list with 6% allocation to gold by the UHNWIs of the

The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Japan’s Kyodo News has reported, citing Japanese government sources. Bloomberg News on Thursday also reported that the United States and Ukraine’s allies were considering “an

US authorities have imposed a $300m (£241m) penalty on tech firm Seagate for allegedly violating export controls of hard disk drives to China's Huawei. Seagate Technology shipped more than $1.1bn worth of goods to Huawei after export controls were introduced in 2020, the

Banks in the industrial areas will remain open today and next two days. Bangladesh Bank issued a directive in this regard on April 13. According to the directive, banks in the industrial areas will remain open from April 19-21 to facilitate payment of garment workers' salary,

The country’s first-ever Jewellery Park is going to be established at Bashundhara City Shopping Complex at Panthapath in the capital. Bangladesh Jewellers’ Association (BAJUS) has undertaken the mega initiative to consolidate business of the precious metal. Sources said

People in their hundreds are thronging Bashundhara City Shopping Complex in the capital to avail themselves of exciting facilities and signature collections of renowned brands ahead of Eid-ul-Fitr and Pahela Baishakh. The premium shopping mall of the country especially pulled in a huge

Bashundhara City Shopping Complex at Panthapath in the capital has housed Jewellery Park to consolidate business of the precious metal. The mega move has been initiated by Bangladesh Jewellers’ Association (BAJUS). Established on level-7 of the shopping complex, the park will

Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. While many Western countries are upping their investments in atomic energy to reduce

Jewellers have inflated the gold price by Tk 1,283 to Tk 98,444 per bhori on the market in Bangladesh. The standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting on Saturday (April 15).  The price of

Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a large resort aimed at attracting domestic and international tourist spending. Put forth by the city and Osaka prefecture, the project aims to open a casino,

The government has decided to import sugar from Malaysia at a low cost. The sugar will be sold at the open market through TCB at a low price. Cabinet Committee on Government Purchase (CCGP) okayed two proposals from the Commerce Ministry on Wednesday (April 13). Additional

Bangladesh Jeweller's Association (BAJUS) has expelled its former president and executive committee member Enamul Haque Khan Dolan. In an emergency executive committee meeting on Tuesday (April 11), BAJUS decided to disqualify Enamul Haque Khan from all organization posts. BAJUS

In view of the ongoing global economic situation, the Bangladesh government has raised the prices of four types of fertilisers – urea, DAP, TSP, and MOP – by Tk5 per kg. The price hike was announced in two separate notices from the Ministry of Finance and the Ministry of

Bangladesh Jeweller’s Association (BAJUS) has lowered the price of gold by Tk 1,983 to Tk 97,161 per bhori (11.664 gram). The prices of the precious item have reduced in the domestic market in line with the global market, said a press release of BAJUS on Monday (April 10). The

Elon Musk's electric car company Tesla says it is expanding in China as it builds a new factory to make its large-scale batteries. The plant in Shanghai will be able to produce 10,000 of its "Megapack" energy storage units a year, the firm says. A Megapack is a very

Janata Bank has launched an artificial intelligence-based mobile app - eJanata to keep the customers ahead in race of advanced-level of digital financial service. The eJanata has been downloaded over 50 thousand times from Google play store since launching on 15 February while the