U.S. low-cost carrier Spirit Airlines has announced the closure of its operations after a White House rescue proposal failed. The company said in a statement early Saturday that rising oil prices and other pressures had significantly affected its future prospects. All flights have been canceled, and passengers were advised not to go to airports.

The airline cited the global oil price surge and fuel shortages following the outbreak of the Iran war as key reasons for its financial collapse. The sharp increase in jet fuel costs led Spirit to bankruptcy for the second time in less than two years. The company stated that with no additional funding available, winding down operations was its only option.

The Trump administration had proposed a $500 million rescue plan that would have given the government a major ownership stake in the airline, but the plan faced criticism and ultimately failed.

Prime Minister Tarique Rahman announced that the government is considering constructing a double rail line on the Dhaka-Sylhet route as part of a broader plan to enhance railway connectivity across Bangladesh. He explained that building new roads could lead to the loss of agricultural land, so the government is prioritizing rail expansion instead. The announcement was made on Saturday during a civic gathering organized by the Sylhet City Corporation.

The Prime Minister also stated that the government has undertaken canal excavation programs to prevent waterlogging and ensure proper water management. These initiatives aim to reduce flooding during heavy rainfall and retain water during the dry season. The remarks highlight the administration’s focus on sustainable infrastructure development and environmental management.

The proposed double rail line project, if implemented, is expected to improve transportation efficiency between Dhaka and Sylhet while minimizing environmental and agricultural impacts.

An event marking May Day and International Workers’ Day was held in Dhaka, calling for the establishment of workers’ rights and a corruption-free administration to ensure sustainable national development. The discussion, organized by Citizens Against Corruption (CAC) at the Dhaka Reporters Unity auditorium, gathered representatives from various professions under the theme “Workers’ Rights, End of Corruption: Transparent Campaign for a Prosperous Future.”

Former secretary and ex-BTRC chairman Syed Margub Morshed stated that sustainable progress is impossible without worker-friendly policies and a corruption-free administration, emphasizing coordination and accountability among the state, employers, and workers. CAC chairman Yusuf Hossain highlighted that workers remain deprived of fair wages, safe workplaces, and social dignity, urging effective labor policy implementation. He also stressed the need for safety, healthcare, and social protection for workers in key sectors such as garments, construction, and transport.

Economist Dr. Mostafizur Rahman described workers’ rights as both a moral duty and an economic necessity, while other speakers, including cultural and political figures, called for a social movement against corruption alongside labor rights protection.

Prime Minister Tarique Rahman announced that the government has initiated a canal excavation program aimed at preventing waterlogging and ensuring proper water management. He made the statement on Saturday at a civic gathering organized by the Sylhet City Corporation. The initiative seeks to reduce flooding during heavy rainfall and retain water during the dry season.

During his address, the Prime Minister also noted that constructing new roads could lead to the loss of agricultural land. To address this, the government is considering expanding rail connectivity across the country, including plans to introduce a double rail line on the Dhaka–Sylhet route. He emphasized that sustainable development is not possible without a corruption-free administration and labor-friendly policies.

The announcement coincides with the inauguration of a 40-billion-taka mega project designed to alleviate waterlogging, reflecting the government’s broader focus on infrastructure and environmental management.

The water level of the Teesta River has risen slightly in Lalmonirhat following continuous rainfall and upstream flow from India. As of 9 a.m. on Saturday, the river at the Dalia point of the Teesta Barrage was flowing 75 centimeters below the danger level. Local residents and the Water Development Board reported that the increase began early Saturday morning due to heavy rain and mountain runoff from across the border.

The Teesta River flows through five upazilas of Lalmonirhat, and even a small rise in water level can flood riverside areas across the district. Residents expressed concern that further increases could submerge new areas. Nurul Islam, in charge of the Dalia control room, confirmed the current water level, while Executive Engineer Amitabh Chowdhury said the flow remains below the danger mark despite the rise.

Locals remain anxious as the situation could worsen if upstream water continues to rise, potentially leading to flooding in low-lying areas.

Pakistan has opened a land trade corridor to Iran while the country faces a blockade on its ports and ongoing conflict with the United States and Israel. The new routes connect Pakistan’s Karachi, Port Qasim, and Gwadar ports with Iran’s Gabd and Taftan border crossings. Officials said the Gwadar-Gabd corridor is the shortest, reducing travel time to two to three hours compared to 16 to 18 hours from Karachi, and cutting transport costs by up to 55 percent.

Analysts noted that this corridor could reduce Pakistan’s dependence on Afghanistan, whose relations with Islamabad have deteriorated since October last year due to border clashes. Security analyst Iftikhar Firdaus said the route allows Pakistan to bypass Afghanistan entirely for westward trade, positioning it as a key entry point for China-backed trade routes into West Asia. However, experts also warned of potential security risks along the border.

Observers believe the move could help sustain trade between the two countries despite regional instability, though questions remain about its impact on U.S. pressure tactics against Tehran and ongoing mediation efforts by Islamabad.

A mobile court in Porsha upazila of Naogaon fined Nahar Filling Station Tk 20,000 for selling diesel below the correct weight. The inspection took place around 11:30 a.m. on Friday at the Sarai Gachhi Bazar station, where the court found that customers were receiving 110 grams less diesel per five liters. The discrepancy amounted to a value shortfall of about Tk 12.50 per five liters.

The mobile court, led by Upazila Nirbahi Officer and Executive Magistrate Rakibul Islam, imposed the fine under the Consumer Rights Protection Act. After the penalty was collected, the fuel measurement system was recalibrated, and the station was allowed to resume sales.

The action highlights local enforcement of consumer protection laws aimed at ensuring fair trade practices in fuel distribution within the region.

Residents living near the Rooppur Nuclear Power Plant in Ishwardi, Pabna, have expressed growing fears about safety as the facility nears operation. Many locals, including fishermen and families in nearby villages, worry that radiation or heat from the plant could make the area uninhabitable. Rumors about health risks and livestock loss have spread, deepening public unease. Some residents said they have not received clear communication or awareness programs from authorities about safety procedures or emergency plans.

Experts and project officials, however, insist that the Rooppur plant incorporates multiple layers of modern safety systems. Nuclear scientists explained that the VVER-1200 reactor model used at Rooppur includes containment structures and automatic monitoring to prevent radiation leaks even in extreme scenarios. The plant’s management stated that awareness programs have been launched to educate local communities and that international safety standards are being followed under IAEA oversight.

Officials acknowledged that maintaining a strong safety culture and skilled management will be crucial for the plant’s long-term safe operation, emphasizing continuous improvement and transparency in safety practices.

The Barapukuria thermal power plant’s Unit 1 in Parbatipur, Dinajpur, resumed electricity generation early Friday after remaining closed for six days. The 125-megawatt unit returned to production at 4:22 a.m. following repairs, currently generating about 55 to 60 megawatts for the national grid. Officials expect the restart to slightly increase overall power supply.

According to the plant’s chief engineer, the unit had been shut down on April 25 due to a burst boiler pipe. Repairs were completed before the unit was brought back online. Meanwhile, overhauling work continues on Unit 3, which a Chinese contractor expects to complete by May 15. Once operational, the unit is expected to further stabilize electricity supply.

The Barapukuria plant has three units, two of which were already out of operation. The latest shutdown occurred when stones mixed with coal damaged boiler tubes, temporarily halting production across the facility.

Chittagong Port Authority has achieved a new operational milestone as the New Mooring Container Terminal (NCT) recorded its highest-ever single-day container handling. On April 30, under the management of the port authority and terminal operator Chittagong Drydock Limited, a total of 5,709 TEUs (twenty-foot equivalent units) were handled within 24 hours. This surpassed the previous record of 5,484 TEUs set on April 11 at the same terminal, marking a rapid improvement in port performance.

Across all terminals, Chittagong Port handled a total of 10,162 TEUs during the same 24-hour period, which officials described as a significant indicator of the port’s growing capacity and efficiency. Port Secretary Syed Refayet Hamim said the achievement would play an important role in expanding maritime trade and enhancing the port’s overall capability.

He credited the success to the tireless efforts of workers who continued operations despite intense heat and adverse weather, and extended congratulations to all officials, employees, and stakeholders involved.

The United States announced sanctions on three Iranian foreign exchange companies—Opal Exchange, Radin Exchange, and Tahayori Guarantee Society—on May 2, 2026. According to the U.S. Department of the Treasury, these firms allegedly helped convert proceeds from Iranian oil sales into currencies that could be more easily used by Iran’s military forces. The sanctions include asset freezes within the United States and prohibit American individuals and businesses from conducting transactions with the targeted entities.

U.S. Treasury Secretary Scott Besant stated that the move reflects Washington’s commitment to disrupting Iran’s financial networks. He emphasized that the United States would continue to target the Iranian government’s ability to raise, transfer, and repatriate funds. The announcement underscores ongoing U.S. efforts to limit Iran’s access to international financial systems.

The sanctions are expected to further strain Iran’s financial operations and restrict its military funding channels, though the broader economic impact remains to be seen.

A fire broke out at the substation of the 350-megawatt Electricity Generation Company of Bangladesh (EGCB) power plant in Siddhirganj, Narayanganj, on Friday around 5:30 p.m. The incident was confirmed by Miron Mia, station master of the Adamjee Fire Service. Witnesses reported hearing a loud noise from inside the substation before thick smoke appeared and flames spread to part of a transformer. Panic spread in the surrounding area as plant staff took safety measures and alerted the fire service.

Two units from the Adamjee EPZ Fire Service arrived promptly and managed to bring the fire under control within a short time, preventing a major accident or explosion. Authorities said security was tightened around the power plant and substation after the incident. The exact cause and extent of damage were not immediately known, though initial assessments suggested a technical fault or overheating in the transformer.

Fire service officials stated that about 100,000 liters of oil were stored in the transformer, and quick action helped save equipment worth around Tk 300 crore. The situation has since returned to normal.

After a year-long suspension, border trade between Bangladesh and Myanmar has resumed through the Teknaf land port in Cox’s Bazar. On Friday morning, a boat carrying timber from Myanmar’s Maungdaw area, controlled by the Arakan Army, docked at the Teknaf jetty. The port’s operating company, United Land Port Limited, confirmed the arrival of the cargo vessel.

Omar Faruk, owner of Messrs FRB International Limited, said that one cargo boat has anchored at the port and that five to six more boats carrying goods such as ginger, dried fish, and betel nuts are on their way. The trade had been halted in April 2025 after tensions arose over extortion demands, prompting Myanmar’s junta government to suspend cross-border commerce, causing financial losses for many traders.

Local Member of Parliament Shahjahan Chowdhury stated that the Teknaf land port has reopened and that a livestock corridor at Shahparir Dwip will also be launched soon.

National Citizen Party (NCP) member secretary and Rangpur-4 MP Akhtar Hossain warned that allowing individuals accused of embezzling billions from banks to regain ownership would endanger the economy and severely affect workers. Speaking at a May Day rally organized by Jatiya Sramik Shakti in Dhaka’s Shahbagh on Friday, he said the economy was already on the brink and that such decisions would collapse financial flows, reduce employment, and lower wages.

Hossain added that most workers still live below the minimum wage, with their children deprived of education and opportunities, trapping families in generational labor. He argued that returning ownership to those who once looted banks would further weaken the national economy.

At the same event, NCP senior joint coordinator and Noakhali-6 MP Hannan Masud said the economy survives on remittances from expatriates, while corrupt elites misuse those funds. He criticized the appointment of a garments businessman as Bangladesh Bank governor, claiming the sector is linked to major money laundering. NCP joint convener Ali Ahsan Junaed called for fair wages, safety, and representation for workers.

Continuous heavy rainfall and flash floods have submerged large areas of ripe Boro paddy in the haor regions of Nabiganj upazila in Habiganj district. Farmers in villages such as Fatehpur have seen their nearly harvested crops go underwater as embankments broke under the pressure of rising water. Many farmers, including Haralal Baishnab and Jamal Mia, expressed despair as they could not harvest their crops due to a shortage of laborers and boats.

According to the Department of Agricultural Extension in Nabiganj, around 400 hectares of ripe Boro paddy have been submerged, with 27,355 hectares cultivated in haor areas this season. About 67 percent of the haor paddy had been harvested before the floods. Private sources reported that 40 percent of the total crop had been cut, but 15 percent of that is at risk of rotting due to lack of sunlight. The affected unions include Bara Bhakoir (West and East), Dighalbak, Kargaon, Bausa, and Paniunda.

Farmers who cultivated paddy with loans fear they will be unable to repay their debts, as the sudden floods have destroyed their expected yields.