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Nestle announces leadership shake-up as sales slump

Nestle’s new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a “painful reset” for the global food giant. Chief executive Laurent Freixe took over from Mark Schneider on…

Islamic bank deposits grow despite irregularities

The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities. In June, total deposits with Islamic banks increased by Tk 11,625 crore, or 2.71 percent, to Tk 440,427 crore…

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