Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the issue said Sunday, confirming press reports. The American investment bank did not respond to an AFP query seeking comment. A source close to the issue said there would be a

Gold prices changed little in the international markets last year. Despite the geopolitical crisis and recession fears reigniting its safe-haven demand in the first quarter, a strong US dollar had cast shadows on the prospects of the yellow metal for the rest of the year. The

The technical evaluation committee of the Bangladesh Energy Regulatory Commission (BERC) on Sunday (Jan 8) recommended raising retail electricity price by 15.43 percent. A day-long public hearing was held in this regard at the BIAM Auditorium in the capital. BERC will announce an

Jewellers have raised the price of gold by Tk 2, 333 to Tk 90, 746 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

Engineers at Roads and Highways Department have sought expansion of Bashundhara testing facilities for ensuring quality of bitumen products in development works across the country. Roads and Highways Engineers Association (RHEA) President Syed Moinul Hasan was addressing at the 32nd

Gold was unstoppable on Wednesday too as it nailed yet another life-high with its safe-haven appeal growing stronger amid rupee depreciation and a dollar dearth. According to All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold soared by Rs900 per tola and

Samsung expects its profits for the last three months of 2022 to fall by 69% to the lowest level in eight years. The world's biggest maker of memory chips, smartphones and TVs forecast its operating profit for the period fell to around 4.3tn won ($3.4bn; £2.8bn) It comes

Engineers have stressed the importance of intelligent transportation systems (ITS) including 'smart highways' in order to achieve prosperity for the country ahead of the 4th Industrial Revolution (4IR). They also emphasised the importance of connectivity between architecture

Amazon aims to shed more than 18,000 roles as it cuts costs, the technology giant's boss says. Affected workers will be informed from 18 January, chief executive Andy Jassy said in a note to staff. The cuts amount to around 6% of the firm's roughly 300,000-strong corporate

US regulators have issued their first ever joint warning to banks over the risks associated with the cryptocurrency market. The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty and misleading disclosures by digital asset firms. Banks were also

Bangladesh will get the electricity under the agreement with Adani Power in mid-March, said State Minister for Power, Energy and Mineral Resources Nasrul Hamid today (Jan 3). He said: "Now we are getting 240 megawatt (MW) power on test basis from Adani power plant and in March 750

The deadline for VAT exemption on import of soybean oil and palm oil has been extended till April 30 for keeping the prices of the items stable. The National Board of Revenue (NB) has issued a notification in this regard on Monday. Earlier on December 31, 2022, the deadline for VAT

Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) have set the US dollar exchange rate for export proceeds at Tk 102. BAFEDA and ABB took the decision at a meeting on Sunday and the new rate came into effect on Monday, according to

Electric car maker Tesla says it delivered a record 1.3m vehicles last year, 40% more than in 2021. It comes after the company delivered more than 405,000 vehicles in the last three months of 2022. However, that figure missed Wall Street forecasts of around 430,000 deliveries for

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the US, Europe and China — all experience weakening activity, the head of the International Monetary Fund said on Sunday.  The new year is going to be "tougher

Bangladesh Jewellers Association (BAJUS) central leaders expressed their hope that Bangladesh will export gold soon under the leadership of BAJUS President Sayem Sobhan Anvir. Former president of the organization and chairman of BAJUS Standing Committee on District Monitoring Dr Dilip

Bashundhara Group achieved success and international recognition one after another in the year that has just gone as the country's leading business conglomerate always works firmly for the development of the country and its people by taking courageous business initiatives. The man

This year will be tougher than 2022 for most of the global economy as the United States, European Union and China see slowing growth, the head of the International Monetary Fund (IMF) has warned. IMF Managing Director Kristalina Georgieva said 2023 will be a “tough year”,

Posts and Telecommunications Minister Mustafa Jabbar has said that decision was taken to lift the ban on the sale of private mobile phone operator Grameenphone's SIM cards.  “They have fulfilled the conditions given during the ban on the sale of Grameenphone SIM

A Dhaka court today (Jan 1) directed the Criminal Investigation Department (CID) to submit its probe report on February 14 in a case filed for a $101m heist from Bangladesh Bank. The fixing of the new date deferred the probe report submission for the 69th time. Dhaka Metropolitan