Business

On Monday, PriyoShop, a B2B retail platform catering to micro, small, and medium-sized businesses (MSMEs), announced the successful completion of a $5 million pre-Series A investment round. Century Oak Ventures led the investment, in which Evolution...

HSBC said Wednesday it achieved “record profit” in 2023 as pre-tax profits soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The Asia-focused lender and its peers have been buoyed by...

Cisco is cutting thousands of jobs as part of a restructuring plan, the computer networking giant announced Wednesday. About 5 percent of Cisco’s global workforce will be affected by the layoffs, the Silicon Valley-based company said...

China’s central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. Officials in China have struggled to kickstart economic growth as they battle a...

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America’s major credit card firms. Under the deal, Discover shareholders will receive 1.0192...

Australia’s ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog’s concerns. The Australian Competition and Consumer Commission had blocked ANZ’s proposed takeover of...

British bank Barclays said Tuesday that annual net profit slid 15 percent as it was hit by a large restructuring charge. Profit after tax decreased to o4.3 billion ($5.4 billion) last year after a o900-million charge...

Ghana and Bangladesh have decided to work together more closely in order to increase trade and business. “Bangladesh and Ghana have identified various areas to increase cooperation to boost trade and commerce in different sectors, including...

On the advice of its External Affairs Ministry, India has approved government-to-government shipments of onions to a number of nations, including Bangladesh, according to an article that was released in today’s Economic Times. According to one...

A significant milestone was reached by Cordaid’s plastic waste management project RESILIENT in Dhaka North City Corporation and Narayanganj City Corporation with the opening of the Buy-Back Center (Plastic Bazar), one of the initiative’s main components,...