Industry

BMW Profits Slump on China Woes, US Tariffs

Munich: BMW said Thursday its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs. Net profit for the April-June period plunged 32 percent from a year earlier…

RAKUB Showcases Innovative Initiatives at Daylong Event

Rajshahi: A daylong event focused on showcasing the best innovative initiatives was held at Rajshahi Krishi Unnayan Bank (RAKUB). Additional Secretary of the Financial Institution Division of the Ministry of Finance and Chief Innovation Officer Ahsan …

Microsoft Valuation Surges Above $4 Trillion as AI Lifts Stocks

Dhaka: Microsoft surged above $4 trillion in market value early Thursday following strong earnings, as investor bullishness for artificial intelligence lifted major indices further into record territory.

According to Bangladesh Sangbad Sangstha, bot…

German Inflation Unchanged at 2% in July: Official Data

Berlin: German inflation remained unchanged in July, preliminary data showed Thursday, as eurozone rate-setters mull their next steps after keeping interest rates on hold last week following a string of cuts. Annual inflation in Europe’s top economy c…

Brazil Central Bank Maintains Interest Rate Amid Looming US Tariffs

Dhaka: Brazil’s Central Bank on Wednesday held its benchmark interest rate steady at 15 percent, citing “uncertainty” as the United States announced punishing tariffs on the South American economic powerhouse. The bank’s decision came after seven stra…

US Tariff Deadline Looms as Trump Expands Trade Tactics

Washington: Time is running short for governments to strike deals with Washington to avert tariff hikes that Donald Trump has vowed against dozens of economies — and the US president continues to expand his trade wars.

According to Bangladesh Sang…