Global minimum tax for corporations inches towards reality

Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.
7 April 2021, 18:00 PM

BSEC approves country’s first green zero coupon bond

Bangladesh Securities and Exchange Commission (BSEC) has approved the country’s first green zero-coupon bond with the help of which Sajida Foundation will raise a fund of Tk 100 crore.
7 April 2021, 18:00 PM

Boeing’s 737 MAX will fly again after 2 air disasters grounded them for 20 months

After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co has won approval from the US Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters.
18 November 2020, 13:26 PM

Japan mulls ‘China exit’ for 87 manufacturing projects

The Japanese government has laid out its plan for shifting manufacturing out of China to Southeast Asia or Japan.
18 July 2020, 13:46 PM

Alibaba's Lazada appoints Chun Li as new CEO

Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding, says on Friday it would replace its chief executive officer, as it battles for dominance in the fast-growing market.
26 June 2020, 06:59 AM

FBCCI chief Fahim elected vice president of Saarc Chamber of Commerce and Industry

Sheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Industry, has been elected vice president of the Saarc Chamber of Commerce and Industry.
15 June 2020, 13:51 PM

EWM Group hits back at BGMEA’s blacklist threat, terms it ‘unproductive’

British clothing retailer Edinburgh Woollen Mill (EWM) Group has hit back after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) threatened to blacklist the company for not paying its suppliers in the country and not responding to the calls of the association, by terming their threat “unproductive”.
25 May 2020, 12:45 PM

United Airlines sharply cuts flights to Asia

United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations.
29 February 2020, 18:00 PM

Economists eye silver lining in India’s rising rural inflation numbers

India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs - a revival in demand in the rural economy.
13 February 2020, 18:00 PM

Tesla recalls 15,000 Model X SUVs for power steering issue in North America

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash.
13 February 2020, 18:00 PM

India to woo businesses to Kashmir in planned investment summit

India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes.
13 February 2020, 18:00 PM

France says won’t bar Huawei from 5G network

France on Thursday said Chinese telecommunications firm Huawei would not be excluded from supplying equipment for 5G networks in the country but could be subject to restrictions and Paris may prioritise European operators.
13 February 2020, 18:00 PM

Nissan slashes profit outlook after sales slide, says more restructuring needed

Nissan Motor Co on Thursday cut its annual operating profit forecast by 43 per cent, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn.
13 February 2020, 18:00 PM

Nestle boss Schneider eyes more deals to bolster growth ambitions

Nestle Chief Executive Mark Schneider will fine-tune his transformation plans with more acquisitions, he said after the Swiss food group lowered growth expectations on Thursday. The company had earlier said it will take longer than expected to hit its 2020 organic growth target despite posting its highest annual growth in four years and improved profitability.
13 February 2020, 18:00 PM

Apple reopens some stores in Beijing

Apple will reopen some stores in Beijing from Feb. 14 with reduced opening hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.
13 February 2020, 18:00 PM

BMW aims to slash CO2 output by 20pc in 2020

German high-end carmaker BMW aims to slash the amount of carbon dioxide (CO2) emitted by its cars sold in Europe this year by 20 percent, its chief executive said Wednesday.
12 February 2020, 18:00 PM

‘Everyone is guessing’ about coronavirus economic impacts: experts

The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000 people so far, mostly in China.
12 February 2020, 18:00 PM

Samsung unveils foldable phone, Galaxy S20 to fend off Apple, Huawei

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.
12 February 2020, 18:00 PM

Japan’s efforts to raise wages wane as firms embrace merit-based pay

More Japanese companies are shifting to merit-based pay as competition for workers heats up, but the change risks holding back the sort of blanket wage hikes the prime minister says are needed to inflate the economy.
12 February 2020, 18:00 PM

Google vs EU: a decade-long saga goes to court

Google and the EU have a big day in court Wednesday as the search engine giant enters a new phase of a legal saga that began a decade ago.
12 February 2020, 18:00 PM