Business is war.
IBM achieved a major advance in quantum computing after AMD chips successfully ran error-correction software. The technology ran 10 times faster than researchers expected, according to IBM’s Jay Gambetta. AMD field-programmable gate arrays handled the calculations because their reconfigurable design enables custom tasks with low latency. Quantum bits require constant monitoring, as environmental factors such…
Taiwan Semiconductor Manufacturing Company has enough rare earth materials to sustain operations for 1 to 2 years, according to executive Cliff Hou. The senior vice president said suppliers maintain adequate stockpiles despite recent concerns that China may restrict access to these minerals used in chipmaking equipment. The company faces potential long-term challenges if Chinese export…
Bangladesh’s tax authority denied on Monday that customs officials imposed new limits on cross-border commerce at Benapole Land Port. The National Board of Revenue said media reports claiming trade stops at 6 p.m. were false and confusing the public. Goods move in and out of the country through normal channels at the facility, the board…
The Asian Development Bank plans to invest roughly $300 million in Bangladesh by 2027 through two separate infrastructure initiatives targeting water systems and urban growth. Officials from the Economic Relations Division confirmed the Manila-based lender will allocate $150 million for water supply and sanitation work in 22 coastal communities, with the Department of Public Health…
Bangladesh’s main business chamber asked officials on Monday to reverse restrictions limiting Benapole port operations past 6 p.m. The Dhaka Chamber of Commerce and Industry said the decision threatens trade flows at the nation’s largest land crossing with India. Customs authorities halted import and export activities after evening hours, leaving trucks with perishable cargo stuck…
Bangladesh’s two stock exchanges fell on Monday as major companies lost value. The Dhaka Stock Exchange broad index dropped 22.9 points to close at 5,127, down from 5,150 in the prior session. Trading volume held steady at 4.6 billion taka. Banks led activity with 14.5 percent of transactions, followed by general insurance at 12 percent…
Bangladesh’s securities regulator has created a nine-member advisory panel to guide Islamic finance activities in the country’s capital markets. The commission said the council will oversee compliance with Shari’ah principles for Islamic investment products and safeguard investors who purchase such securities. Five Islamic scholars and four finance professionals make up the group. The scholars hold…
Japan and Bangladesh joined forces on Monday to strengthen software engineering training through a seminar at the ICT Tower in Dhaka. The event brought together officials from the Japan International Cooperation Agency, Bangladesh Computer Council and the Bangladesh Association of Software and Information Services. Three professors from Japan’s National Institute of Informatics attended the gathering…
Officials from the Royal Securities Exchange of Bhutan Limited visited the Dhaka Stock Exchange this week to study how a contemporary bourse functions. The three-day trip concluded on Wednesday after starting on Monday, October 21. Mohammad Asadur Rahman, who serves as chief operating officer and acting managing director at the Dhaka exchange, told the visitors…
Two recent corporate failures have raised concerns about private credit markets where nonbank lenders operate beyond traditional banking oversight. First Brands and Tricolor collapsed amid fraud allegations, prompting warnings from Bank of England Governor Andrew Bailey and JPMorgan Chase CEO Jamie Dimon about potential wider problems. Banks have increased lending to nonbank financial institutions to…
