Business News | Daily sun | 2019-08-23

Japan exports dip as China-US trade war takes toll Japan exports dip as China-US trade war takes toll

The Japanese economy, the world's third largest, is dependent on exports and the conflict between the U.S. and China has taken a sharp toll


Strong financial sector can be 4th driver of Bangladesh economy: ADB Strong financial sector can be 4th driver of Bangladesh economy: ADB

The growth is expected to moderate across most of the developing Asia at 5.7 percent in 2019 and 5.6 percent in 2020. However, according to the ADB, South Asia will buck this trend growing at 6.8 percent in 2019 and 6.9 percent in 2020


US stocks fall as industrial shares tumble US stocks fall as industrial shares tumble

Shares of Dow members Caterpillar, United Technology and Honeywell International fell more than two percent on the dimming outlook of the sector's prospects amid slowing global growth


 BTRC taking hard line against GP, Robi over dues BTRC taking hard line against GP, Robi over dues

GP has Tk 12,579.95 crore in dues to the government, including Tk 4,085.95 crore to the NBR, while Robi has Tk 867.23 crore to the government


Facebook's Libra cryptocurrency attacked at Senate hearing Facebook 'delusional' over cryptocurrency plan

The Senate Banking Committee is quizzing Facebook executive David Marcus over the tech giant's intention to launch its Libra digital currency


Onion prices to stabilise within 15 days: Commerce Minister Onion prices to stabilise within 15 days: Commerce Minister

Price of a number of essential commodities including onion, ginger and garlic are high due to the damage of crops during the monsoon


Facebook's new currency plan is under scrutiny in Congress Facebook's new currency plan is under scrutiny in Congress

Facebook has "a lot of work to do before we get to the point where we're comfortable with it," Mnuchin says


Boeing ditches 737 Max name on new Ryanair plane Boeing ditches 737 Max name on new Ryanair plane

It has fuelled speculation that the troubled Max will be rebranded after two fatal accidents led to a worldwide grounding


Uber ties some executive pay to diversity goals Uber ties some executive pay to diversity goals

The policy also sets a target to increase the number of women in senior roles to 35% by 2022


FBCCI delegation joins trade summit in Kolkata FBCCI delegation joins trade summit in Kolkata

The Confederation of West Bengal Trade Associations (CWBTA) is hosting the two-day event to help explore new trade opportunities 


EU slams 'misinformation' against Mercosur trade deal EU slams 'misinformation' against Mercosur trade deal

The deal still faces a long battle before implementation, including ratification in national parliaments throughout the bloc


Rubana plans to fulfill Anisul’s dream, write his biography Rubana plans to write Anisul Huq’s biography

BGMEA president Rubana Huq is, however, still undecided whether she will join politics following the footsteps of her husband, the former DNCC mayor, who passed away on November 30, 2017


Facebook’s Libra currency under fire Facebook’s Libra currency under fire

Libra, which is widely regarded as a challenger to dominant global player Bitcoin, is expected to launch in the first half of 2020


‘Recognise non-state actors’ roles in implementing SDGs’ ‘Recognise non-state actors’ roles in implementing SDGs’

These observations were made at the dialogue held in New York on July 11 titled ‘Addressing an Understated Issue in the SDG Discourse


Chevron spills 800,000 gallons of oil, water in California Chevron spills 800,000 gallons of oil, water in California

Chevron will pay for the cleanup, though the state will oversee the process


Uzbekistan to increase gas exports Uzbekistan to increase gas exports

China, Russia and Kazakhstan are major importers of Uzbek gas


Reinvention is instrumental for success in business: Speakers Reinvention is instrumental for success in business: Speakers

“A key purpose of leadership is giving voice to the voiceless and marginalized groups of society,” says Dr. Abdun Noor Tushar


Oil prices rise amid geopolitical tensions Oil prices rise amid geopolitical tensions

Iran's Foreign Ministry urged Britain to release its oil tanker which Britain seized in the Strait of Gibraltar last week, official IRNA news agency reported on Friday


India’s squeeze on exporters doubles price of onions in Bangladesh India’s squeeze on exporters doubles price of onions in Bangladesh

Onion prices at retail level have doubled in the space of just 10 days, following India’s withdrawal of incentives on onion export for its farmers


Head of Boeing's 737 MAX program to retire: Company Head of Boeing's 737 MAX program to retire: Company

It is the most high profile departure of a senior executive since the aircraft was grounded in mid-March following two crashes that claimed 346 lives


Dhaka, Seoul eye stronger investment, trade ties Dhaka, Seoul eye stronger investment, trade ties

A number of bilateral instruments on trade, investment and cultural fronts are likely to be signed during the visit to strengthen the bilateral relations


Wang Zhenhua: China arrests tycoon linked to child sex allegations China arrests tycoon linked to child sex claims

He is chairman of the board of real estate developer Seazen


Thailand's cooling car sales may shift economy into lower gear Car sales may shift economy into lower gear in Thailand

The car industry accounts for about a tenth of gross domestic product in Southeast Asia's second-biggest economy


Uber launches road safety campaign Uber launches road safety campaign

Uber, an international ride-sharing service, has recently launched a month-long road safety campaign in the country


Uber offers riders more legroom, less chatting at a price Uber offers riders more legroom, less chatting at a price

Uber is responding to requests from business travelers and others who say they just want to work or rest quietly when they're on their way to the airport


Tannery workers demand environment-friendly industry Tannery workers demand environment-friendly industry

 Leather industry workers on Tuesday urged the government to build an environment-friendly industry and ensure their rights


Sri Lanka to slash airline charges to help boost tourism Sri Lanka to slash airline charges to help boost tourism

Tourist arrivals to Sri Lanka sharply declined in June, dealing a severe blow to the tourism industry — the country's third-largest foreign currency earner last year


British Airways faces record £183m fine for data breach British Airways faces record £183m fine for data breach

The airline, owned by IAG, says it is "surprised and disappointed" by the penalty from the Information Commissioner's Office (ICO)


SC stays HC order against BB concession for loan defaulters SC stays HC order against BB

The Appellate Division of the Supreme Court (SC) stayed for two months a High Court order that imposed a status-quo on a Bangladesh Bank circular 


Turkish lira weakens after central bank chief is fired Turkish lira weakens after central bank chief is fired

The lira weakened to 5.73 against the dollar Monday


Banks, financial institutions asked to initiate process to recover default loans Banks, financial institutions asked to initiate process to recover default loans

The Financial Institution Division of the Finance Ministry has recently given this directive to the banks while holding a meeting with the top executives of the specialised banks


Bangladesh Honda launches two new models in market Bangladesh Honda launches two new models in market

Advanced customer convenience features like new emergency stop signal, utility space, adjustable front and rear suspension and tubeless tyres would attract bike lovers.


Deutsche Bank could cut 'up to 20,000 jobs' Deutsche Bank could cut 'up to 20,000 jobs'

Up to 20,000 jobs could be axed at Deutsche Bank as the company is set to announce plans for a global…


Rubana wants to erase ‘blood-sucker’ tag, ensure good labour practices Rubana wants to erase ‘blood-sucker’ tag

Rubana Huq, the first woman president of Bangladesh Garment Manufacturers and Exporters Association, is determined to change the current labour narrative in the sector 


Amazon’s Bezos finalizes divorce with $38 bn settlement: report Amazon’s Bezos finalizes divorce with $38 bn settlement: report

Under the agreement, MacKenzie Bezos, 49, will receive approximately 19.7 million Amazon.com shares


BMW CEO to quit after carmaker loses early lead in electrics BMW CEO to quit after carmaker loses early lead in electrics

The automotive loss was in sharp contrast to the steady profits and fat profit margins that the carmaker used to rack up quarter after quarter


India plans infrastructure investment to lift economy India plans infrastructure investment to lift economy

Finance Minister Nirmala Sitharaman on Friday set a target of a $5 trillion economy by 2025 from the present $2.7 trillion


Boeing gives $100m to help 737 Max crash families $100m to be given to 737 Max crash families

The money will support education and living expenses for families and community programmes, Boeing says


Asian shares climb after US benchmarks hit record highs Asian shares climb after US benchmarks hit record highs

The dollar slipped to 107.75 Japanese yen from 107.83 yen on Wednesday

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