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Global Economy
Google takes on rivals with Pixel phone, new hardware
Google took on rivals Apple, Samsung and Amazon in a new push into hardware Tuesday, launching premium-priced Pixel smartphones and a slew of other devices showcasing artificial intelligence prowess.
5 October 2016, 18:00 PM
German new car sales see big jump in September
German new car sales increased sharply in September for the second month in a row, official data showed on Wednesday. The KBA transport authority recorded 298,002 new cars on the road in September, an increase of 9.4 percent over the same month in 2015.
5 October 2016, 18:00 PM
Sri Lanka to pay $115m for cancelling planes
Sri Lanka's cash-strapped national carrier said Wednesday it will pay a penalty for cancelling leases on four Airbus A350s, with official sources putting the figure at about $115 million.
5 October 2016, 18:00 PM
Controversial Indonesian tax amnesty proves divisive
Indonesia has hailed a tax amnesty as a major success after it raised more than $7 billion in its first few months, but criticism is mounting that the controversial scheme lets the super-rich off the hook.
5 October 2016, 18:00 PM
Switzerland pressures Malaysia over 1MDB 'Ponzi scheme'
Switzerland on Wednesday raised the pressure on Malaysia to cooperate with its probe into scandal-tainted 1MDB, saying new evidence indicated a "Ponzi scheme" was used to cover up $800 million in misappropriations from the Malaysian state fund.
5 October 2016, 18:00 PM
India to cooperate with Bangladesh on LPG issues
Bangladesh yesterday sought India's assistance in setting up of a network for supplying liquefied petroleum gas (LPG) to high-rise buildings and apartments, cooperation in the field of bio-fuels and training of its personnel in hydrocarbon sector.
5 October 2016, 18:00 PM
Oil hits highest since June
Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week and Opec's deal to cut supply.
5 October 2016, 18:00 PM
Over 1m people globally using Note 7 with safe battery: Samsung
Samsung Electronics Co Ltd, the world's biggest smartphone maker, said on Thursday more than 1 million people globally are now using Galaxy Note 7 smartphones with batteries that are not vulnerable to overheating and catching fire.
29 September 2016, 18:00 PM
Novo Nordisk to cut 1,000 jobs
The world's largest maker of diabetes treatments, Novo Nordisk, said Thursday it was cutting 1,000 jobs worldwide to cut costs as it faces price pressure in the United States.
29 September 2016, 18:00 PM
Thousands of Indonesian workers protest tax amnesty
Thousands of workers rallied Thursday in the Indonesian capital Jakarta against a controversial government scheme to raise revenues that, critics claim, has allowed wealthy tycoons to avoid paying tax.
29 September 2016, 18:00 PM
Thailand cracks down on migrant workers
Thailand is cracking down on migrant workers from neighbouring countries, saying they are "stealing jobs from Thais", amid fears that anti-immigrant sentiment is rising as Southeast Asia's second-largest economy stagnates.
29 September 2016, 18:00 PM
From robots to websites, British firms curb spending due to Brexit
Heavy machinery whirrs and clanks on the factory floor of precision metalworking firm Robert Bion & Co, where a planned three-meter robotic arm would have been speeding up output by now, if Britain had not voted to leave the European Union.
29 September 2016, 18:00 PM
Novoair comes up with special offer for Yangon
Novoair has come up with a new offer under which the cardholders of leading private banks can make payments for their trip to Yangon in Myanmar in six instalments with zero interest.
29 September 2016, 18:00 PM
Germany risks becoming 'world's greatest ATM' after Brexit: UK trade minister
Germany risks becoming the world's biggest cash machine after Brexit because it may end up paying for a failing European Union that is in danger of imploding, Britain's trade minister said on Thursday.
29 September 2016, 18:00 PM
Car industry puts cooperation on show in battle against Silicon Valley firms
Alarmed by the threat posed by Silicon Valley firms to their businesses in developing autonomous driving systems, it was evident at the Paris Motor Show this week that carmakers are seeking to fight back by cooperating in areas of technology development where previously they might have tried to compete.
29 September 2016, 18:00 PM
Wells Fargo CEO forfeits millions as board orders review
Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.
28 September 2016, 18:00 PM
Towards a Digital Bangladesh through safe internet use
Names like Uber, Airbnb, Viber and Instagram may sound alien to many people of the older generation, but these are some of the
28 September 2016, 18:00 PM
Indonesian company in StanChart probe removed founders
An Indonesian power company said Wednesday it had removed its founders last year and takes seriously allegations of "improper behaviour" after revelations US justice officials are probing Standard Chartered over suspected bribery at the firm.
28 September 2016, 18:00 PM
US seeks accused Manila banker's help to crack Bangladesh heist
The FBI is negotiating with a former branch manager of a Philippines bank for information relating to $81 million that she handled after it was stolen from the Bangladesh central bank's account at the New York Federal Reserve, her lawyer said.
28 September 2016, 18:00 PM
Wal-Mart in talks to buy stake in Flipkart
Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market.
28 September 2016, 18:00 PM