With $4b in losses, Heathrow tells UK: open up travel

London’s Heathrow Airport urged Britain to open up travel to vaccinated passengers after its recovery fell behind hubs elsewhere in Europe, pushing its cumulative pandemic losses to $4 billion. 
26 July 2021, 18:00 PM

German business morale down on supply shortages, virus fears

German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday, the first decline since January. 
26 July 2021, 18:00 PM

Now non-banks’ MDs need BB nod for foreign trips

In an effort to curb frequent foreign trips, Bangladesh Bank yesterday asked managing directors of non-bank financial institutions (NBFIs) to take its prior approval.
26 July 2021, 18:00 PM

Cash-hungry emerging markets arrive late to the SPAC party

Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in developing regions.
26 July 2021, 18:00 PM

South Africa’s Mango Airlines to enter business rescue, says SAA interim CEO

South African Airways (SAA) subsidiary Mango Airlines will enter into a local form of bankruptcy protection known as business rescue, SAA’s interim chief executive Thomas Kgokolo told eNCA television on Monday.
26 July 2021, 18:00 PM

Insurance brokers Aon, Willis Towers Watson scrap $30b merger

Insurance brokers Aon Plc and Willis Towers Watson Plc said on Monday they had agreed to terminate their $30 billion merger agreement and end their litigation with the US Department of Justice. 
26 July 2021, 18:00 PM

Indonesia’s easing of Covid-19 curbs seen driven by economics

Indonesia’s decision to relax some Covid-19 curbs this week, despite reporting record-high deaths in recent days, is being driven by social and economic concerns rather than epidemiological advice, public health experts said on Monday.
26 July 2021, 18:00 PM

UK looks to remove China’s CGN from nuclear power projects

Britain is exploring ways to remove China’s state-owned nuclear energy company China General Nuclear Power Group (CGN) from all future power projects in the UK, the Financial Times reported, citing people familiar with the plans.
26 July 2021, 18:00 PM

Abu Dhabi slashes business registration costs by 90pc

Abu Dhabi will slash the cost of establishing new businesses by  “more than 90 percent” from Tuesday to increase the  “competitiveness regionally and internationally” of the emirate, already a magnet for commerce.
26 July 2021, 18:00 PM

Marico launches ‘Red King Men’s Cooling Oil’

Marico Bangladesh has recently launched a new “Red King Men’s Cooling Oil”. 
26 July 2021, 18:00 PM

ZXY inks partnership deal with HeiQ

Textile manufacturer ZXY International has recently announced a new partnership agreement with textile innovator HeiQ enabling trading with brands and mills and connect as per requirements with innovative technologies. 
26 July 2021, 18:00 PM

DSE gets new managing director

A new managing director has been appointed at Dhaka Stock Exchange on Sunday. 
26 July 2021, 18:00 PM

China’s new private tutoring rules put billions of dollars at stake

China’s sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years. 
26 July 2021, 18:00 PM

China says EU’s planned carbon border tax violates trade principles

China said on Monday the European Union’s plan to impose the world’s first carbon border tax will expand climate issues into trade in violation of international principles and hurt prospects for economic growth.
26 July 2021, 18:00 PM

CEOs of financial institutions must take prior approval from Bangladesh Bank to travel abroad

The CEOs of every financial institution will now need to take prior approval from Bangladesh Bank (BB) for travelling abroad be it for official purposes or personal.
26 July 2021, 14:49 PM

ZXY, HeiQ to work to boost trade with textile brands, mills

ZXY International, pioneer of the textile industry in Asia, has announced a new joint partnership agreement with leading textile innovator HeiQ recently.
26 July 2021, 10:59 AM

Dhaka stocks fall amid fears of increased selling pressure

Dhaka stocks fell today amid concerns among investors that liquidity flow to the market may fall after Bangladesh Bank’s directive to banks to curb channeling of stimulus funds to unproductive sectors, including share market.
26 July 2021, 10:47 AM

Covid fallout: No plan to print new banknotes, says Indian finance minister

India has no plan to print new banknotes to tide over the economic fallout triggered by Covid-19, Finance Minister Nirmala Sitharaman told the parliament today.
26 July 2021, 09:34 AM

Container delivery hits rock bottom

Import containers are piling up at an alarming rate at Chattogram port due to the worst delivery during the Eid holidays and the subsequent poor release of goods for the fresh lockdown, which could cause congestion anew.
25 July 2021, 18:00 PM

US stock markets hit new highs, Treasury yields up

All three major US stock indexes closed at record highs on Friday after a rocky week in which investors fretted over the Delta coronavirus variant and cheered an economic recovery, while US Treasury yields rose before a Federal Reserve meeting next week.
25 July 2021, 18:00 PM