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Industry Desk: The head of the International Monetary Fund (IMF) said that the rise of trade barriers against China and other countries over the past year could cost the world economy $1.4 trillion, in addition to the severe damage caused by the war in Ukraine.“What I am hoping to see…

Golam Mostafa Jibon: Despite several initiatives of the law enforcers, gold smuggling to neighboring country India through different bordering routes is increasing regularlypushing the country’s economy into a naked state.As a result, local traders are facing manifold troubles while importing and selling the gold. They are not getting adequate facilities…

International Desk: The outlook for global labour markets has worsened in recent months and on current trends job vacancies will decline and global employment growth will deteriorate significantly in the final quarter of 2022, according to a new ILO report.The 10th edition of ILO Monitor on the World of Work…

Golam Mostafa Jibon: Despite the ban, the use of Cryptocurrencies is increasing day by day in different crime related money transactions in the country causing concern to the elite persons.Experts said, although, the country’s laws prohibit the use of virtual currencies, money transactions related to crimes through Cryptocurrencies are on…

Staff Correspondent: India has extended restrictions on sugar exports by one year until October 2023, the government said in a notification on Friday.The world’s biggest producer of the sweetener is still expected to fix a quota for this year’s overseas sales, and the current season’s export quota could be issued…

Industry Desk: Bangladesh exported US$$23 billion to 27 countries of the European Union (EU) which can be increased $18 billion more by enhancing production capacity and product diversification, as per a study.The study was conducted by Research and Policy Integration for Development (RAPID) with the cooperation of Friedrich-Ebert-Stiftung (FES) Bangladesh…

International Desk: Rishi Sunak became Britain’s third prime minister of the year yesterday and now must turn his attention to taming an economic crisis that has left the country’s finances in a precarious state and millions of Britons struggling to afford food and energy bills.Sunak, the U.K.’s first leader of…

UN expert Industry Desk: UN Special Rapporteur on the promotion and protection of human rights in the context of climate change, Ian Fry, has said throughout the world, human rights are being negatively impacted and violated as a consequence of climate change. This includes the right to life, health, food,…

Industry Desk: The Ministry of Finance yesterday said a team from the International Monetary Fund (IMF) will arrive in Bangladesh on October 26 to discuss the terms of a $4.5 billion loan to Bangladesh.The IMF team will stay in Dhaka for 10 days and will hold meetings with government officials…

Staff Correspondent: Dhaka has urged Washington to finalize the extradition treaty between Bangladesh and the USA as early as possible to ease the process of deportation of Bangabandhu’s convicted killer Rashed Chowdhury to Bangladesh.The appeal was made during a bilateral meeting between Bangladesh state minister for foreign affairs Md. Shahriar…