Nokia posted higher third-quarter sales on Thursday, but operating profit declined to 435 million euros from 485 million euros a year earlier. The Finnish telecommunications equipment maker generated 4.8 billion euros in revenue, surpassing analyst forecasts as all divisions expanded. Chief Executive Justin Hotard said optical networks grew by 19 percent, driven mainly by clients…
Oil prices jumped more than 2 percent on Thursday after President Donald Trump imposed sanctions on Russian energy firms Rosneft and Lukoil Oil following stalled peace negotiations with Vladimir Putin. The measures came after planned talks in Budapest collapsed this week, prompting Trump to express frustration that discussions with the Russian leader produce no results….
Gold declined another 1.4 percent to roughly $4,060 per ounce on Wednesday after tumbling 6 percent the previous day from record levels above $4,381. American stock indexes retreated as Netflix shares dropped more than 10 percent following earnings that missed forecasts, raising concerns about other technology companies ahead of their reports. Tesla posted a 37…
Tesla earnings fell 37 percent to $1.4 billion for the July through September period as tariffs and restructuring costs dragged down results despite stronger vehicle deliveries. Revenue climbed 12 percent to $28.1 billion while operating expenses surged 50 percent to $3.4 billion because of expanded research and development spending. The electric carmaker warned of short-term…
Dhaka customs officials will work on Friday and Saturday to maintain trade operations after recent disasters affected regular schedules. The Customs House issued orders directing all assessment teams at air freight and express service units to report for duty at standard times. Workers must report to their posts to process import and export documentation for…
Bangladesh Shipping Corporation will receive a 65,000-ton bulk carrier on Friday from China’s Xingjiang Nanyang Shipbuilding Company Limited. The vessel, named MB Banglar Pragati, stretches 199 meters and features a German-licensed engine assembled in China, Spanish pumps, and Norwegian compressors. The corporation paid $38.349 million for the ship through direct purchase after international tenders opened…
Most banks in Bangladesh lack artificial intelligence security systems despite growing cyber threats, according to research from the Bangladesh Institute of Bank Management. The study found 46 percent have no automated defenses, while another 24 percent remain in planning phases for AI adoption. Only 27 percent use partial automation for basic repetitive security tasks, and…
Bangladesh will lose preferential trade benefits when it exits the Least Developed Country category in November 2026, threatening its garment export sector that generates over 80 percent of foreign earnings. The International Chamber of Commerce Bangladesh warned that the European Union, Canada, and Australia will impose tariffs of 10 to 12 percent on ready-made clothing…
Bangladesh’s government purchase committee approved fertilizer imports totaling 105,000 metric tons and warehouse construction projects on Thursday. Finance Adviser Salehuddin Ahmed chaired the 42nd virtual meeting that authorized three separate fertilizer acquisitions from Morocco, Russia, and Saudi Arabia. The Agriculture Ministry will import 40,000 metric tons of DAP fertilizer from Morocco at $735.33 per ton…
Pacific Group will restart operations at its eight garment plants in the Chattogram Export Processing Zone on Thursday after worker protests subsided. The facilities closed indefinitely on Oct. 16 under the Bangladesh EPZ Labor Act 2019 when demonstrations and property damage occurred. Management held talks with employees that resulted in a calmer atmosphere, said Chief…
