Corporate

After a protracted legal struggle, Australian taxi drivers affected by the growth of ridesharing behemoth Uber were awarded US$178 million in compensation, their attorneys announced on Monday. In 2019, over 8,000 taxi drivers and rental car...

US regulators fined US bank JPMorgan Chase almost $350 million on Thursday for what they described as insufficient trading reporting and surveillance. The US Federal Reserve and the Office of the Comptroller of the Currency (OCC)...

The first of its kind in Bangladesh, Padma Bank will combine with the Shariah-based EXIM Bank (Export Import Bank of Bangladesh). At the board meeting of Exim bank this morning, the decision was made, and it...

Executive Director and Spokesman for Bangladesh Bank (BB), Mezbaul Haque, announced today that the regulator intends to combine ten banks in less than a year. “Following the merger, the weak bank can become the strong bank...

In a city hotel, National Bank Limited (NBL) and Mastercard introduced the first multi-currency prepaid Umrah Card in Bangladesh. The card was unveiled by Dr. Syed Ferhat Anwar, Chairman of National Bank Limited. The bank’s independent...

The nation’s first agro-processing company, PRAN-RFL Group, is establishing a second industrial park in Natore. The group intends to establish fish processing, mustard oil, noodles, and spice factories there in an effort to employ about a...

Following hours-long failures that disrupted its platforms across multiple countries, Facebook’s parent company Meta declared that they had “resolved the issue”. The messaging service Whatsapp, which is owned by Meta, appears to be unaffected by the...

The youngest private airline in the nation, Air Astra, announced today that Sohail Majid has been named Chief Commercial Officer. According to a news release, he has held executive positions at US Bangla Airlines, Novoair, Regent...

Reliance Industries of India and Walt Disney’s local unit have inked a “binding pact” for a merger, Bloomberg News reported on Monday. This development represents a significant upheaval for the multibillion dollar entertainment sector in India....

Thanks to economist Clare Lombardelli’s nomination on Thursday, the monetary policy committee of the Bank of England will have a majority of women for the first time. Lombardelli will be the fifth woman on the nine-person...