Trump buys at least $82mn in bonds amid policy-favored sectors

The persistent challenge of elevating revenue collection remains the central economic puzzle that Bangladesh has attempted to solve for many years. From enacting a new income tax law in 2023 to expanding and reorganising both the Income Tax wing and the Customs and VAT wing, the government has introduced a series of initiatives designed to strengthen the institutional capacity of the National Board of Revenue (NBR) and raise collections. These steps will require time before their impact becomes visible, yet the way the revenue system is currently functioning suggests that such manoeuvres may not be enough to address long-standing weaknesses.

A highly sought-after Patek Philippe wristwatch has once again sold for a record price at auction, fetching 14.19 million Swiss francs ($17.6 million), auction house Phillips announced on Sunday.

The federal government shutdown has lasted all month and is on pace to become the longest on record.

Indian steel tycoon Lakshmi Mittal’s energy joint venture in India has bought Russian oil transported on sanctions-listed vessels, according to an analysis of satellite imagery, shipping data and customs records by the Financial Times.

The oil market just had its knee-jerk moment. Prices roared higher after the U.S. blacklisted Rosneft and Lukoil—but traders are already questioning whether President Trump’s sanctions will ever really stick.