Economists have called for a re-evaluation of Bangladesh’s current subsidy policies, particularly criticising the government’s extensive support to non-readymade garment (non-RMG) sectors, which they argue are economically inefficient and place unnecessary strain on public finances.
Business News
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Trade Data
Government approves major tariff hike at Chittagong port, rates to increase by up to 440%
The Bangladesh government has given the green light for a significant overhaul of the tariff structure at Chittagong Port, marking the first major revision in decades.
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German sportswear giant Puma lowered its full-year 2025 forecast on Thursday, pointing to slower-than-expected revenue growth and potential fallout from upcoming US tariffs.
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Luxury giant LVMH posted weaker-than-expected quarterly sales on Thursday, as its key fashion and leather goods division continued to decline amid lingering trade tensions between Europe and the US.
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Rakesh Jallipally, who joined Flipkart as Vice President in July 2024, has been appointed CEO of Pepe Jeans India. His appointment reflects a shift toward leadership with experience across both traditional retail and digital commerce.
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Chanel is ramping up its production network, particularly in Italy, where it now operates around 20 sites. Following a 35% stake in silk specialist Mantero Seta, the brand has taken a 20% minority stake in the Conceria Nuova Impala tannery.
