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Digital transactions jump 22.32pc in May

Bangladesh saw a notable surge in card-based transactions in May 2025, reflecting the country's growing shift towards digital payments in both local and foreign currency operations. The number of debit, credit, and prepaid cards issued continued to rise, alongside significant jumps in transaction volumes and values, according to the latest...

Western Marine delivers tugboat to UAE buyer

CHATTOGRAM, July 18: Western Marine Shipyard Ltd, Bangladesh's leading export-oriented shipbuilder, has delivered a high-powered tugboat to a UAE-based buyer, while another is scheduled for export later this month.The delivery ceremony was held at Chittagong Boat Club on Thursday, attended by Lt. Gen (Retd) Abdul Hafiz, Adviser and Special Assistant...

Half Yearly Business Conference 2025 of Union Bank PLC

The Half Yearly Business Conferences 2025of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka recently. Chairman of the Board of Directors of the bank Md. Fariduddin Ahmad was present as the chief guest. Chairman of the Board Risk Management Committee Md. Humayun Kabir and Independent Director...

Moody's upgrades Argentina's long-term debt rating

SAN FRANCISCO, United States, July 18, 2025 (BSS/AFP) - Moody's raised Argentina's long-term debt rating by two notches on Thursday, from Caa3 to Caa1, but it remained in the speculative category, the risk rating agency said in a statement.The agency cited macroeconomic reforms that have brought inflation down and a...

EU targets Russia's energy revenue, shadow fleet with new sanctions over Ukraine war

BRUSSELS, July 18 (AP): The European Union approved on Friday a new raft of sanctions against Russia over its war on Ukraine, including a lower oil price cap, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships, the EU foreign policy chief...

China economy still facing 'very severe, complex situation', says commerce minister

BEIJING, July 18 (AFP): China's economy is still facing a "very severe and complex situation", its minister of commerce said Friday, suggesting the government would take action to counter challenges ahead.Growth came in at 5.2 percent in the second quarter, official data showed Tuesday, but analysts have warned that more...