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China to tap pork reserves as swine fever hits industry

China is set to release pork supplies from its central reserves as it moves to tackle soaring prices and shortages caused by an outbreak of swine fever. A state-backed body will auction 10,000 tonnes of frozen pork from its strategic ...

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182 businessmen get CIP cards

The government has awarded the Commercially Important Person (CIP) cards to 182 businessmen for their extraordinary performance in export in 2017. Commerce Minister Tipu Munshi and Chairman of the Parliamentary Standing Committee on the Commerce Ministry Tofail Ahmed handed over ...

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Asian stocks rise after oil falls, Wall Street advances

Asian stock prices rose Wednesday after oil prices fell back and Wall Street advanced. Benchmarks in Tokyo, Shanghai and Hong Kong all gained.Markets steadied following a decline Tuesday in crude prices that spiked after a weekend attack on a Saudi ...

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Jute export ban still haunts Khulna traders

Although the government has lifted the ban on raw jute export, traders here are yet to start collecting jute fearing such a ban again, causing losses to them. The traders said the jute export witnessed a sharp fall last year ...

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Saudi Arabia oil and gas production reduced by drone strikes

Saudi Arabia has cut oil and gas production following drone attacks on two major oil facilities run by state-owned company Aramco. Energy Minister Prince Abdulaziz bin Salman said the strikes had reduced crude oil production by 5.7m barrels a day ...

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US fines Japan Airlines $300,000 over long flight delays

The US government is fining Japan Airlines $300,000 for delays that trapped passengers on two grounded planes for hours. Under an agreement with the Transportation Department, the airline gets credit for $60,000 spent compensating passengers, and $120,000 will be waived ...

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Pound climbs to highest level since July

The pound has hit its highest level against the dollar since July amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1% on Friday to over $1.24 against the dollar, its highest level in seven weeks, reports ...

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Bangladeshi ‘Jamdani’ fair delights saree lovers in Delhi

A daylong fair on Jamdani, Muslin and other handloom sarees, an embodiment of the pride of Bangladesh, has delighted a large number of saree lovers, creating soothing effects on them to make them ponder over the revival of these rare ...

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Trump delays tariff hikes on Chinese goods ahead of talks

US President Donald Trump will delay a planned tariff hike on $250bn (£202.8bn) of Chinese goods as a “gesture of good will”. In a tweet, Mr Trump said a 5% increase to duties scheduled for 1 October will be postponed ...

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Huawei releases white paper on 5G Applications

Huawei released the “5G Applications Position Paper” in Hungary’s Budapest on Tuesday at a forum on the sideline of the International Telecommunication Union (ITU) Telecom World 2019, looking forward to 5G application scenarios in the areas of enhancing broadband, media ...

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