Economy

AstraZeneca returns to profit on higher drugs revenue

Shawdesh desk: British pharmaceuticals giant AstraZeneca on Thursday announced a return to third-quarter profit on increased revenue from sales of its drugs. Net profit for the Covid-vaccine maker came in

IMF team in talks with Bangladesh Bank officials on $4.5 loan

Shawdesh desk: Negotiators from the International Monetary Fund (IMF), now in Dhaka to discuss a $4.5 billion loan to Bangladesh, sat with Bangladesh Bank officials on the second day of

Ship recycling industry sees remarkable progress: Nurul Majid

Shawdesh Desk: Industries Minister Nurul Majid Mahmud Humayun on Sunday said Bangladesh has made remarkable progress in the ship recycling industry in terms of environmental issues, professional and health safety.

Sugar price skyrockets for supply crunch

Shawdesh Desk: The price of sugar has skyrocketed in the market as the supply of the food has drastically decreased in the country over the past few days. Most of

UK’s economic outlook now ‘negative’ – Moody’s

Shawdesh Desk: The UK’s economic outlook has been lowered to “negative” by ratings agency Moody’s due to political instability and high inflation. Moody’s changed the UK’s outlook – which is

Flour price soars amid fall in wheat import

Shawdesh desk: A fall in wheat import has caused a surge in the price of wheat flour and many food items made of flour in the country. The demand for

Bangladesh plans to import 5.46 million MT of petroleum in 2023

Shawdesh desk: Bangladesh has planned to import 5.46 million (54.6 lakh) metric tons of petroleum for 2023. Of these bulk petroleum, some 3.860 million (38.60 lakh tons) is refined petroleum

Pakistan vows IMF reforms as flood damage estimated at over $16 bn

Shawdesh Desk: Pakistan’s finance minister has promised international lenders to stay true to economic reforms despite a new estimate that his country quickly needs more than $16 billion to recover