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…

BB to Announce MPS Tomorrow

Dhaka: The Bangladesh Bank (BB) will announce its monetary policy statement (MPS) tomorrow for the first half of the financial year 2025-26. BB Governor Dr Ahsan H Mansur will announce the MPS at a press conference at the central bank headquarters in …

Handa to Invest $41.33m in BEPZA’s Mirsarai EZ

Chattogram: Handa (Bangladesh) Garments Co. Ltd., a Chinese apparel manufacturer, is set to invest US$ 41.33 million in the BEPZA Economic Zone (BEPZA EZ) located at Mirsarai, Chattogram. To this end, the Bangladesh Export Processing Zones Authority (…

Remittance Inflow Rises by 31.5pc in 29 Days of July

Dhaka: Inflow of remittances witnessed a remarkable year-on-year growth of 31.5 percent, reaching US$2,276 million in the 29 days of July, according to the latest data of Bangladesh Bank (BB) issued here today. During the same period last year, the co…

Remittance Inflow Sees 23.97% Increase in First 26 Days of July

Dhaka: Inflow of remittances witnessed a year-on-year growth of 23.97 percent, reaching US$1933 million in the first 26 days of July, according to the latest data of Bangladesh Bank (BB) issued here today.

According to Bangladesh Sangbad Sangstha, du…