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Search results for: trade

Volkswagen in final talks to seal biggest M&A deals in China EV sector

Volkswagen in final talks to seal biggest M&A deals in China EV sector

-- 2020-05-27 11:50:21

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s lar...

Saudi Arabian airlines to resume some domestic flights from May 31

Saudi Arabian airlines to resume some domestic flights from May 31

-- 2020-05-27 11:39:48

Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, Reuters reported on Wednesday citing the state news agency. Six...

Top executives of Exim Bank 'threatened'

Top executives of Exim Bank 'threatened'

-- 2020-05-27 09:44:21

A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death. A case was started at Gulshan Police Station on May 19 over the alleged incident...

Boeing set to announce significant US job cuts this week

Boeing set to announce significant US job cuts this week

Reuters 2020-05-27 09:17:17

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10 per cent of its worldwide workforce of 160,000 employees, people briefed on the plans and a un...

No March, April VAT return penalty until Jun 9

No March, April VAT return penalty until Jun 9

-- 2020-05-26 23:12:51

Business organisations will be able to submit value added tax (VAT) return for the months of March and April without paying late fees until Jun 9, the National Board of Revenue says. The board issued...

Dhaka ICD overloaded due to slow delivery of goods

Dhaka ICD overloaded due to slow delivery of goods

-- 2020-05-26 16:46:08

The Kamlapur Inland Container Depot (ICD), a key gate of the country’s external trade in Dhaka, has been congested following slow delivery of goods.       &nbs...

Uber cuts 600 jobs in India

Uber cuts 600 jobs in India

Reuters 2020-05-26 15:31:15

Uber Technologies will cut around 600 jobs in India as part of its plans to cut 23 per cent of its global workforce, as the company navigates a lockdown that has brought businesses in the country to a...

Bangladeshi-owned SMEs in Bahrain likely to get assistance

Bangladeshi-owned SMEs in Bahrain likely to get assistance

FE ONLINE DESK 2020-05-26 12:07:40

The Bahrain media has reported that a Bangladesh project to revive Bangladeshi-owned small and medium enterprises (SMEs) in Bahrain in the post-Covid-19 days is in the pipeline. The first-of-its-kind...

Nissan, Renault shelve merger plans

Nissan, Renault shelve merger plans

REUTERS 2020-05-26 10:52:17

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, fi...

Uniqlo to make masks using underwear fabric

Uniqlo to make masks using underwear fabric

Reuters 2020-05-25 16:24:21

Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for...

NOVOAIR celebrates Eid with distressed people

NOVOAIR celebrates Eid with distressed people

-- 2020-05-25 16:18:40

NOVOAIR, a private airline of the country, is celebrating Eid-ul-Fitr with 2,000 distressed people at its office premises in Uttara area of Dhaka. On the occasion of Eid, NOVOAIR distributed food amo...

India plans scrutiny of new portfolio investors from China, Hong Kong

India plans scrutiny of new portfolio investors from China, Hong Kong

REUTERS 2020-05-25 15:55:10

India has drafted rules proposing tighter scrutiny of new Foreign Portfolio Investors (FPIs) from China and Hong Kong, three government sources told Reuters, its latest effort to check foreign inflows...

Lufthansa to resume flights to 20 destinations from mid-June

Lufthansa to resume flights to 20 destinations from mid-June

Reuters 2020-05-25 11:57:45

Lufthansa, which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswo...

478 apparel factories shut operations in two months

478 apparel factories shut operations in two months

-- 2020-05-24 22:14:38

Around 478 member factories of BGMEA and BKMEA shut operations in past two months with cancellation of orders worth billions of dollars and denial of payment by some Western retailers amid the coronav...

Coronavirus casts shadow on fresh note sale ahead of Eid

Coronavirus casts shadow on fresh note sale ahead of Eid

-- 2020-05-24 21:20:31

Although the demand for new banknotes increases significantly ahead of Eids every year, the business is dull this year as fewer people are coming out because of the coronavirus outbreak and the subseq...

bKash makes 'Donation' easier

bKash makes 'Donation' easier

-- 2020-05-24 17:08:53

Bkash, a leading mobile financial service provider, has added a ‘Donation’ button to the main menu of its mobile app in a bid to make the donation process easier amidst the coronavirus fal...

India’s Reliance launches JioMart, challenging Amazon, Flipkart

India’s Reliance launches JioMart, challenging Amazon, Flipkart

REUTERS 2020-05-24 14:39:19

Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com’s local unit and Walmart Inc’...

Buyers tend to undo existing contracts with RMG producers

Buyers tend to undo existing contracts with RMG producers

-- 2020-05-24 13:04:12

Bangladesh’s apparel units have said many foreign buyers pushed them to an extra difficult situation by trying to undo existing contracts even after product shipments, though financial data sugg...

Govt launches online platform to maintain food supply chain

Govt launches online platform to maintain food supply chain

-- 2020-05-23 20:54:01

‘Food for Nation’, an online platform for agricultural products, was launched on Saturday for the first time in the country to maintain food supply chain. The platform will help to enable...

Malaysia's Axiata in talks to buy smaller Indonesia telecom rival

Malaysia's Axiata in talks to buy smaller Indonesia telecom rival

-- 2020-05-23 19:54:12

Malaysian telecommunications company Axiata Group Bhd is in talks to buy a smaller rival in Indonesia in a share-swap deal to cut costs and competition in its biggest market, as COVID-19 hammers busin...

How ending Hong Kong's 'special status' could affect US companies

How ending Hong Kong's 'special status' could affect US companies

REUTERS 2020-05-23 14:07:03

New Chinese national security restrictions imposed on Hong Kong could draw a US revocation of the former British colony’s “special status” under US law, a move that would have far-re...

How Indian company could be world's door to vaccine

How Indian company could be world's door to vaccine

REUTERS 2020-05-23 12:49:42

If the world is to gain access to a vaccine for COVID-19, there’s a good chance it will pass through the doors of Serum Institute of India. Serum Institute, the world’s largest manufactur...

Rooppur NPP: Manufacture of Core Barrel for RPV completed

Rooppur NPP: Manufacture of Core Barrel for RPV completed

FE Online Desk 2020-05-23 12:46:34

Manufacture of Reactor Pressure Vessel (RPV) for unit-1 of Rooppur Nuclear Power Plant has recorded further development as the production of Core Barrel has been completed at the Volgodonsk &nbsp...

Ctg port fully restarts operation

Ctg port fully restarts operation

OUR CORRESPONDENT 2020-05-23 10:51:50

CHATTOGRAM: The Chittagong Port Authority (CPA) has fully restarted operation at the country's prime sea after three days on Friday. The captains of CPA have taken ships to the jetties from the dee...

ADB to give its $1.1b income from its OCR for poor, developing countries

ADB to give its $1.1b income from its OCR for poor, developing countries

FE REPORT 2020-05-23 10:46:09

The Asian Development Bank (ADB) will spend its US $1.1 billion income from its hard-term window, the Ordinary Capital Resources (OCR), for the poor and developing countries this year. The board of g...

Dozens of Chinese companies added to US blacklist in latest Beijing rebuke

Dozens of Chinese companies added to US blacklist in latest Beijing rebuke

REUTERS 2020-05-23 10:35:00

The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass...

LFMEAB seeks full store rent waiver at HSIA

LFMEAB seeks full store rent waiver at HSIA

FE Report 2020-05-23 10:32:42

Leather goods exporters have sought cent per cent store rent charge waiver at Hazrat Shahjalal International Airport (HSIA) during the COVID-19 pandemic, industry insiders said. Leather Goods and F...

Some essential items get costlier ahead of Eid

Some essential items get costlier ahead of Eid

FE REPORT 2020-05-23 10:07:43

The prices of essential items including chicken, garlic, ginger, onion and potato showed a notable hike before Eid-ul-Fitr, hitting people's pockets during the coronavirus pandemic. Eid will be celeb...

Non-payment of outstanding bills: RMG owners warn of blacklisting some UK cos

Non-payment of outstanding bills: RMG owners warn of blacklisting some UK cos

Monira Munni 2020-05-23 10:03:31

The local apparel sector trade bodies have warned of blacklisting the brands and service providers of Edinburgh Woollen Mills (EWM) which were not paying the outstanding bills of local suppliers or no...

New GSP: Govt urges interest grs to join as EU conducts online survey

New GSP: Govt urges interest grs to join as EU conducts online survey

JASIM UDDIN HAROON and REZAUL KARIM 2020-05-23 09:45:12

The European Union is conducting an online survey to prepare a new trade benefit scheme for the poorer nations, including Bangladesh. The objective of the survey is to assess whether countries like B...