Elon Musk has agreed to pay a $1.5 million fine to the U.S. Securities and Exchange Commission (SEC) to settle a lawsuit accusing him of failing to disclose his Twitter (now X) share purchases on time. The case, filed in January 2025 just before President Donald Trump took office, alleged that Musk misled investors by delaying disclosure of acquiring more than 5% of Twitter’s shares in 2022, before taking ownership of the social media platform. A filing on Monday revealed that a Musk trust will pay the fine, though Musk has not admitted any wrongdoing. The settlement will be finalized once approved by the court.

The SEC had initially sought more than $200 million in penalties, claiming that Musk’s delay deprived ordinary investors of over $150 million in potential gains. Musk’s lawyer, Alex Spiro, described the fine as minor and said it resolves all issues related to filing delays during the Twitter acquisition. An SEC spokesperson noted that if approved, this would mark the largest penalty ever imposed by the agency for failure to disclose share ownership on time.

Despite the settlement, Musk still faces a separate class-action lawsuit from investors over the same issue.

Thailand’s cabinet has approved an emergency loan package worth 12.2 billion US dollars to address the economic fallout from the ongoing conflict involving Iran, Israel, and the United States. The decision, announced on May 5, 2026, marks one of the country’s largest borrowing plans in decades, aimed at stabilizing the economy amid external shocks.

According to Thai lawmakers, the funds will be used to boost domestic spending and ease financial hardship among citizens. The Ministry of Finance recently revised its GDP growth forecast downward from 2.4 percent to 1.6 percent, reflecting the strain on the economy. The government stated that the emergency loan will be utilized between June and September under the “Thais Help Thais” program, which will provide direct support to over 20 million low-income residents.

Officials expect the initiative to help reduce living costs and sustain household consumption during the period of global economic uncertainty triggered by the Middle East crisis.

Farmers in Katiadi upazila of Kishoreganj are struggling to find laborers even by offering the equivalent of two maunds of paddy, while harvesters provided under government subsidy are reportedly charging higher-than-approved rents. The situation has left local farmers in severe difficulty during the ongoing Boro season. According to the agriculture office, paddy was cultivated on 12,850 hectares in the upazila, but about 585 hectares have been affected by heavy rainfall.

Previously, a worker could be hired for one maund or less of paddy, but now even two maunds are not enough. The current market price of raw paddy is between Tk 650 and Tk 700 per maund, while daily labor wages have risen to around Tk 1,300. Farmers are spending about Tk 22,000 per bigha to produce paddy but earning only Tk 17,500 from sales, resulting in a loss of Tk 4,000–5,000 per bigha.

The upazila agriculture officer said 27 harvesters are ready to address the labor shortage, with additional machines being brought from nearby districts. The maximum approved rent per bigha is Tk 2,500, and authorities will take action if higher rates are charged.

Bangladesh’s Commerce Minister Khandaker Abdul Muktadir has said there is no reason for concern regarding the Bangladesh–United States trade agreement, emphasizing that such international accords are built on mutual interests. Speaking to reporters after a meeting with US Assistant Trade Representative for South and Central Asia Brendan Lynch at the Commerce Ministry on Tuesday, he described the deal as a ‘win-win’ arrangement designed to benefit both sides.

The minister explained that the current government inherited the agreement as part of state continuity and intends to use it to expand trade and investment. He noted that Bangladesh has sought clarification from the US regarding a recently initiated investigation and has already shared its position in response. Muktadir stressed that Bangladesh does not engage in dumping and that its export sectors, particularly ready-made garments, operate under strict international compliance standards.

He further stated that the agreement includes provisions for amendment or adjustment if any clause contradicts Bangladesh’s interests, describing this as a ‘self-correcting element.’ The meeting also discussed strengthening bilateral trade and investment ties.

The government has announced plans to implement the ninth pay scale in three phases, considering the country’s current economic conditions. A reconstituted committee has already begun preparing recommendations, which will soon be submitted to the government. The proposal suggests that 50 percent of the basic salary could be implemented in the 2026–27 fiscal year, with the Finance Division recommending an additional allocation of 350 to 400 billion taka in the upcoming budget for salaries, allowances, and pensions. The first phase is expected to cover about 33 percent of the new pay scale for government employees.

According to the source, the remaining portions of the basic salary and various allowances will be implemented gradually over the following two fiscal years. Although no final decision has been made in the committee’s first meeting, members reportedly support implementing the announced pay scale due to pressure from government employees. The current budget had allocations for pay scale implementation that were not used, but the next budget is expected to include increased funding for this purpose.

The reconstituted committee may take key decisions after the finance minister returns from the Asian Development Bank’s annual meeting, followed by a meeting with Prime Minister Tarique Rahman before final approval.

Japan has received its first shipment of crude oil from Russia since the outbreak of the Iran war, according to multiple media reports. The tanker arrived Monday at the Imabari coast carrying crude produced under the Sakhalin-2 project. Japanese outlets said the cargo was received by Taiyo Oil, though the company has not officially confirmed the delivery. The closure of the Hormuz Strait due to the ongoing Iran conflict has severely disrupted global oil supply.

Japan, which relies on the Middle East for about 95 percent of its oil imports, has been seeking alternative sources since the strait’s closure following the start of the Iran war on February 28. The Sakhalin-2 project remains outside international sanctions imposed on Moscow after the 2022 Ukraine invasion, allowing Japan to import oil from it without restrictions.

Prime Minister Sanae Takaichi, during her visit to Australia, said the global oil crisis is having a major impact on the Asia-Pacific region and announced that Japan and Australia will take joint emergency measures to ensure stable energy supply.

TankerTrackers.com, a ship-tracking and oil monitoring organization, stated that U.S. sanctions on Iranian ports will not force Tehran to halt oil production. In a post on social media platform X, the group dismissed claims that Iran’s oil storage would soon reach capacity, compelling the country to stop production.

According to TankerTrackers, Iran has the capacity to refine all of its produced oil for domestic consumption. The organization noted that during the first term of the Trump administration, Iran reduced its oil production to below two million barrels per day, an amount it could fully process to meet internal demand.

The statement, cited by Al Jazeera, challenges prevailing assumptions that sanctions would quickly cripple Iran’s oil sector, suggesting instead that the country’s refining infrastructure provides a buffer against export restrictions.

Global oil markets experienced sharp volatility as Brent crude stabilized at $114 per barrel on Tuesday following a 6 percent surge the previous day. West Texas Intermediate (WTI) crude traded just below $105. The price spike coincided with escalating tensions between the United States and Iran in the Strait of Hormuz, a key global shipping route, as a one-month Middle East ceasefire faced uncertainty.

According to the US Central Command, American forces repelled an Iranian attack while escorting two US-flagged ships. Simultaneously, reports emerged of drone and missile strikes targeting the Fujairah oil terminal in the United Arab Emirates. The disruptions have rendered the Hormuz Strait nearly impassable, adding a “war premium” to global oil prices. US President Donald Trump warned in an interview that the conflict could persist for two to three more weeks and cautioned Iran against direct attacks on US vessels. Iranian Foreign Minister Abbas Araghchi said progress had been made in talks but urged the US and UAE to avoid being trapped again in “quicksand.”

Goldman Sachs noted that while global oil inventories remain above crisis levels, the rate of decline is concerning, with reserves potentially dropping from 101 to 98 days of demand by the end of May.

A taskforce report has revealed that six major business groups in Bangladesh allegedly embezzled and laundered large sums of money abroad during the tenure of the ousted Awami League government, causing severe financial losses to at least 28 banks. The affected banks have signed non-disclosure agreements with several multinational firms to trace and recover the siphoned funds. The groups named in the report include S Alam Group, Aramit, Sikder Group, Beximco, Orion Group, and Nasa Group.

According to the report, these groups collectively hold the majority of the defaulted loans in the banking sector, with S Alam Group alone linked to loans worth over Tk 225,000 crore. The Bangladesh Financial Intelligence Unit confirmed evidence of large-scale fund transfers abroad. Following the fall of the Awami League government in August 2024, the interim administration restructured an inter-agency taskforce led by the Bangladesh Bank governor to recover laundered assets.

The Anti-Corruption Commission, National Board of Revenue, and police agencies are jointly investigating the financial irregularities. Civil proceedings have begun against the six groups, which account for 77 percent of total defaulted loans among 11 industrial conglomerates under scrutiny.

Energy experts and civil society representatives have welcomed Bangladesh’s government plan to generate 10,000 megawatts of solar power by 2030, calling it a timely and strategic move amid global energy market volatility. Speaking at a press conference at the National Press Club, they emphasized the need for an enabling investment climate, low-interest financing, and tax exemptions to achieve the target sustainably.

Presentations by analysts from the Institute for Energy Economics and Financial Analysis and Change Initiative highlighted Bangladesh’s heavy import dependence in the power sector and the growing strain from fuel subsidies. They proposed redirecting fossil fuel subsidies toward renewables, introducing carbon pricing, and launching a $4.5 billion expatriate bond to attract investment. Policy suggestions included full tariff waivers on solar equipment and a revolving fund of Tk 5,000 crore.

However, experts expressed doubts about implementation capacity, citing past shortfalls in renewable targets and high import duties on solar materials. They urged institutional strengthening of SREDA, simplification of PPP models, and faster policy reforms to ensure a sustainable and inclusive energy transition.

Civil Aviation and Tourism Minister Afroza Khanam announced that Bangladesh aims to increase the tourism sector’s contribution to the national GDP from the current 3 percent to between 6 and 7 percent. She made the announcement on Monday at the District Commissioners’ Conference 2026 held at Osmani Memorial Auditorium, where she and State Minister M. Rashiduzzaman Millat attended as special guests.

Afroza Khanam stated that there are 1,742 tourist spots across the country, indicating that every district has tourism potential. She said a master plan is being prepared to develop the tourism sector and called for the active involvement of district administrators. The minister also urged the culture minister to focus on developing the Baliati and Teota Zamindar Houses in Manikganj to attract more visitors.

State Minister Millat emphasized that local administrators can be catalysts for change by promoting clean, safe, and creative tourism initiatives that strengthen district economies and enhance Bangladesh’s global tourism image.

Prime Minister Tarique Rahman has directed officials to simplify the project approval process to attract both domestic and foreign investors. He also assured necessary support for those willing to invest in long-closed state-owned mills and factories. The directive came during a meeting held on Monday at the Prime Minister’s Office in the Bangladesh Secretariat, focusing on the current status and future plans for closed textile and jute mills under the Ministry of Textiles and Jute.

During the meeting, an official noted that lengthy approval times and complex inter-departmental permissions discourage investors. In response, the Prime Minister instructed that unnecessary ministerial or departmental approvals be removed from the process. He emphasized that the government is committed to creating an investment-friendly environment and that reducing bureaucratic hurdles is essential to achieving this goal.

The Prime Minister also highlighted the need to make loan access easier for private investors interested in reviving closed state-owned factories and directed relevant ministers to take prompt and effective measures in this regard.

The government will provide financial assistance to farmers affected by recent heavy rainfall in the haor regions. Agriculture and Fisheries and Livestock Minister Mohammad Aminur Rashid announced that each affected farmer will receive at least Tk 7,500. He made the statement on Monday after the third session of the second day of the Deputy Commissioners’ Conference at Osmani Memorial Auditorium. Earlier, sessions were held with the ministries of Agriculture, Fisheries and Livestock, and Food.

The minister said field-level agricultural officers are preparing lists of affected farmers, categorizing them for assistance that will continue from May to July. He added that the amount could increase depending on the extent of damage. The Agriculture and Disaster Management ministries are jointly compiling the lists, and funds will come from the Prime Minister’s Relief Fund and the Disaster Management Ministry. Rashid noted that while full compensation may not be possible, the aid aims to ease the farmers’ distress.

He also mentioned that there is no shortage of sacrificial animals in the country, border markets have been closed, and imports of cattle have been restricted. Additionally, the issue of low potato prices was discussed, with plans to expand export-oriented potato cultivation for products like French fries and chips.

The construction of the 20-kilometer regional highway between Nabinagar and Ashuganj in Brahmanbaria remains unfinished after eight years. Approved by the Executive Committee of the National Economic Council (ECNEC) in 2017, the project began on July 1, 2018, but only partial work has been completed. Heavy rainfall has worsened the condition of the unfinished road, creating large potholes and causing severe public suffering. The project’s term, set to expire in June this year, has been proposed for a two-year extension.

According to the Brahmanbaria Roads Department, land acquisition has become the main obstacle. Construction has stalled in several areas, including Krishnanagar, Birgaon, and Lalpur, where houses still occupy the road alignment. Landowners have refused to vacate their properties due to unpaid compensation. The acquisition process, covering 53 acres and 17.45 decimals of land with an estimated cost of Tk 296.62 crore, began in the 2022–23 fiscal year but remains entangled in legal disputes.

Local MP Advocate Abdul Mannan stated that efforts are underway to resolve the land acquisition complexities to expedite completion of the highway.

Australia and Japan have agreed to strengthen cooperation in the energy and critical minerals sectors as global trade faces disruptions from ongoing tensions in the Middle East. The agreement was signed in Canberra following a meeting between Australian Prime Minister Anthony Albanese and Japanese Prime Minister Sanae Takaichi. Albanese said the initiative aims to protect both economies from future shocks and uncertainties.

Prime Minister Takaichi told reporters that the closure of the Strait of Hormuz has severely affected the Indo-Pacific region, and both nations will maintain close communication to address the situation. Australia is Japan’s largest supplier of liquefied natural gas (LNG), while Japan provides about 7 percent of Australia’s diesel imports. Takaichi added that both countries will work to enhance self-reliance and capacity to ensure stable energy supplies.

According to the International Energy Agency, about one-fifth of the world’s oil passes through the Strait of Hormuz, with roughly 80 percent destined for Asian countries. Recent restrictions by Iran following U.S. and Israeli attacks have disrupted global oil supply routes.