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Lord Bagri passes away

BRITAIN'S business community is mourning the death of Lord Bagri, a respected entrepreneur who was also the longest serving chairman of the London Metal Exchange.

He was 86 and passed away on Tuesday night (25).


Born in Calcutta, Raj Kumar Bagri was chairman of Metdist, which dealt with non-ferrous metals. In recent years, his son Apurv played a more active role in the business.

Lord Bagri had the distinction of being the first non-white chairman of the London Metal Exchange (LME) , a post he held for a record 10 years from 1993.

As a mark of respect for him, the LME held a minute’s silence at 12.30 yesterday (26).

He is survived by his son Apurv and a daughter, Amita.

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Bangladesh has ordered 25 wide-body aircraft from Boeing as part of a tariff agreement with the United States, a senior commerce ministry official confirmed on Thursday, whilst the country evaluates competing proposals from European manufacturer Airbus.

"We made a commitment and ordered 25 wide-bodies, and we expect to receive the first one in 2029," official Mahbubur Rahman told AFP. "It's part of the tariff deal with the US."

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