Economy

Capacity for meeting foreign debt obligations falling

Shawdesh desk: The foreign exchange reserve to foreign debt ratio dropped substantially in the past couple of years, indicating that the country has a smaller cushion of foreign reserves to

Japan crypto exchange says lost $300 million bitcoin in ‘leak’

Shawdesh desk: Japanese crypto exchange DMM Bitcoin said that it had lost bitcoin worth around $300 million in what it described as ‘an unauthorised leak’ from its digital wallet. ‘We

Dollar crisis deepens economic woes in Bangladesh

Shawdesh Desk: The persistent dollar crisis in Bangladesh has exacerbated various economic issues, including inflation, rising business costs, an energy crisis, and mounting government foreign debt payments. Bankers say that

145 countries now recognise a Palestinian state

Shawdesh Desk: Israel’s war in Gaza since the October 7 attack has revived a global push for Palestinians to be given a state of their own. Norway, Spain and Ireland

Green chili turns red hot as price skyrockets

Shawdesh Desk: The price of green chili has skyrocketed from Tk160 per kg to Tk240 per kg within a week in the kitchen markets of the capital, which traders have

Forex holding by banks hits 14-month low

Shawdesh Desk: The volume of foreign currencies held by the country’s commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars.

Gold price inflates by Tk 1,178 per bhori

Shawdesh desk: Jewellers have inflated the price of gold by Tk 1,178 to Tk 118,460 per bhori in the Bangladeshi market amid price hike of ‘pure gold’. The standing committee

Council of Europe adopts first international treaty on AI

SHAWDESH Desk: Europe’s top rights organisation on Friday adopted the first ever legally binding international treaty governing the use of artificial intelligence. Experts have called on international organisations and governments