Corporate
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Bangladesh Bank suspends Nagad’s digital banking license
Aug 24, 2024Governor of Bangladesh Bank (BB), Dr. Ahsan H. Mansur, announced today that Nagad Digital Bank PLC’s license for digital banking has been revoked, and the central bank will be reviewing the procedure. “The Nagad digital banking... -
Deutsche Bank strikes deal with Postbank ex-shareholders
Aug 22, 2024On Wednesday, Deutsche Bank said that it had reached a settlement with numerous former Postbank shareholders who had filed a lawsuit, claiming they were taken advantage of during the German banking giant’s 2010 acquisition. Based on... -
Robi offers free talk-time, internet in flood-hit areas
Aug 22, 2024In areas affected by flooding, mobile phone provider Robi is offering free internet access and 20 minutes of talk time to help with emergency communication. Customers of Robi can use this three-day-validity free talk time and... -
Bangladesh hosts 60 out of the top 100 LEED-certified factories across the globe
Aug 18, 2024Today, 60 of the top 100 LEED (Leadership in Energy and Environmental Design) certified factories worldwide are located in Bangladesh, demonstrating the country’s dedication to sustainability and green manufacturing. The United States Green Building Council (USGBC)... -
Unilever profit edges higher in first half
Jul 27, 2024The British consumer goods major Unilever reported on Thursday that increased sales helped net profit in the first half of the year increase by 4%. In comparison with the first half of 2023, profit after tax... -
HSBC names CFO Elhedery as next chief executive
Jul 18, 2024HSBC on Wednesday named chief financial officer Georges Elhedery as the bank’s next chief executive to drive “the next phase of development and growth”. The new boss will take the helm on September 2, the bank... -
Bkash offers discounts for paying electricity, gas, and water bills
Jul 9, 2024Customers who pay their first electricity, gas, and water bills through the bKash app in July will receive a discount code good for Taka 100 off each bill, Taka 300 off each month, and a three-month... -
GM fined $146 mn for lowballing vehicle emissions
Jul 5, 2024Federal officials said on Wednesday that General Motors will forfeit around $146 million for underestimating the pollutants created by its cars. After it was discovered that 5.9 million cars released more pollutants than had been declared,... -
Canada’s WestJet cancels 235 flights over strike
Jun 30, 2024Canada’s WestJet Airlines reported that, in spite of government action aimed at averting travel problems during the holiday weekend, it was had to cancel 235 flights on Saturday due to an unexpected strike by its mechanics.... -
EU launches probe into Apple’s App Store
Jun 24, 2024On Monday, the European Commission announced that it will be looking into claims of anti-competitive behavior made in Apple’s App Store. The Digital Markets Act (DMA) of the European Union, which aims to prevent influential digital...
