China is paying a high price for its ban on Australian coal

China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.
11 April 2021, 18:00 PM

EU proposes six-month tariff freeze with US

The European Union has suggested that it and the United States suspend tariffs imposed on billions of dollars of imports for six months, EU trade chief Valdis Dombrovskis was quoted as telling Germany’s Der Spiegel on Saturday.
11 April 2021, 18:00 PM

Bitcoin above $60,000 again on talk of reduced supply

Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption.
11 April 2021, 18:00 PM

Infrastructure wars: Competitive plays in US, Asia and what drives them

The big infrastructure plan unveiled by President Joe Biden last week is meant to do more than revive America’s decaying infrastructure and create jobs.
11 April 2021, 18:00 PM

China’s antitrust regulator bulking up as crackdown on behemoths widens

China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters.
11 April 2021, 18:00 PM

No shortage of sugar in Ramadan

The government has taken steps to meet the additional demand for sugar and ensure unadulterated products during the upcoming fasting month of Ramadan, according to officials.
11 April 2021, 18:00 PM

‘Declare food delivery as emergency service’

Four food and groceries delivery services in a letter today sought permission to keep their operations open round the clock during the lockdown. They also demanded an announcement to keep food and grocery delivery services under the purview of emergency service.
11 April 2021, 12:58 PM

Keep factories open during pandemic: Garment, textile makers urge govt

Textile and garment manufacturers and exporters today demanded the government to keep factories open during the lockdown to help them offset the losses.
11 April 2021, 09:16 AM

RMG exporters want factories up and running

Garment factory owners and union leaders are at loggerheads over the imminent tough lockdown the government is set to impose across the country to curb the rising cases of coronavirus infections.
10 April 2021, 18:00 PM

Canada jobless rate falls to lowest level since pandemic start

Canada added 303,000 net jobs in March, blowing past forecasts as the unemployment rate fell 0.7 percentage points to 7.5 per cent -- its lowest level since February 2020, the national statistical agency said Friday.
10 April 2021, 18:00 PM

Online Account Opening: More banks jump on the bandwagon

People can open bank accounts from anywhere as an increasing number of lenders have made digital options available, helping customers avail financial services without visiting branches during the coronavirus pandemic.
10 April 2021, 18:00 PM

BTMA president reelected

Bangladesh Textile Mills Association (BTMA), a platform of the primary textile sector, yesterday saw the reelection of Mohammad Ali Khokon, chairman of Maksons Group, as its president for fiscal 2021-23.
10 April 2021, 18:00 PM

Tk 300cr industrial park in the making

The government is developing the country’s first industrial park for electrical and light engineering product manufacturers at a cost of Tk 300 crore in Munshiganj, which could herald a beginning to bring the highly scattered and unorganised industries under a single platform.
10 April 2021, 18:00 PM

Biden aims $1.5tr budget at health, education, social services

President Joe Biden’s administration on Friday unveiled a more than $1.5 trillion budget proposal that would see funding for health, education and social services eclipse defense spending, in a reversal of his predecessor’s policies.
10 April 2021, 18:00 PM

Brazil inflation tops target at 6.1pc

Brazil’s annual inflation rate broke through the ceiling of the central bank’s target range in March at 6.1 per cent, officials said Friday, adding to headaches for policy makers facing an economic slowdown and rising prices.
10 April 2021, 18:00 PM

German industrial output continues to decline in February

German industrial production dropped for the second month in a row in February after eight months of gains, as the economic impact of the pandemic began to bite, official data showed Friday.
10 April 2021, 18:00 PM

Saudi Aramco in $12.4b oil pipeline deal with EIG-led group

Energy giant Saudi Aramco said it has struck a 12.4-billion-dollar deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.
10 April 2021, 18:00 PM

Greek restaurants on the ropes ahead of tourism restart

In the trendy Koukaki district, a discus throw from the Acropolis in Athens, owners of restaurants that have survived the virus lockdown are trying to keep themselves occupied as the weather and the noises from government improve.
10 April 2021, 18:00 PM

China fines Alibaba record $2.75b for anti-monopoly violations

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
10 April 2021, 18:00 PM

Amazon’s win in union fight shows harsh realities facing labour movement

Amazon.com Inc’s fierce resistance to unionization, skepticism among workers that organizing could get them a better deal and decisions on election parameters all contributed to the apparently lopsided defeat of a labor drive at the company’s warehouse in Bessemer, Alabama, people close to the events said.
10 April 2021, 18:00 PM