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Egypt hikes fuel prices as part of austerity drive

Egypt on Saturday announced new hikes on fuel prices as part of austerity measures tied to an IMF loan as it seeks to cut subsidies and reduce its public debt.   The price hikes of between 35 and 50 percent ...

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A trade war looms as Trump slaps tariffs on Chinese imports

Photo: President Donald Trump speaks to reporters at the White House on Friday in Washington. Washington, June 16 : President Donald Trump brought the world’s two biggest economies to the brink of a trade war Friday by announcing a 25 ...

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Trump preps China tariff target list, Beijing ready to retaliate

US President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs, fanning fears of a trade war as Beijing warned that it could swiftly strike back.   The threat of ...

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British engine maker Rolls-Royce cutting 4,600 jobs

LONDON, June 14, 2018 : Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British jobs by 2020, adding to thousands of cuts already announced in recent years. “Rolls-Royce announces the next stage ...

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German Business Council formed to strengthen business ties with Bangladesh

Photo: Members of German business community in Bangladesh at a meeting in Dhaka. Dhaka, Jun 13 : The Germany Embassy, Dhaka and the German business community in Bangladesh have jointly agreed to establish the German Business Council (GBC), a platform ...

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New five-taka,two-taka notes to be issued Monday

The government will issue newly introduced Taka 5 and Taka 2 notes as the government currency from Monday (tomorrow), said a press release.   Finance Division Secretary Mohammad Muslim Chowdhury will sign the notes which will be issued at Motijheel ...

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Asian shares rally on jobs data, despite trade talks impasse

Singapore, Jun 4 : Asian stock indexes rose Monday as investors rallied around a U.S. jobs report, despite fresh signs of a burgeoning trade war as weekend China-U.S. trade talks ended in an apparent impasse. KEEPING SCORE: Japan’s benchmark Nikkei ...

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NBR likely to get Tk 291,000cr revenue collection target for 2018-19 FY

Dhaka, June 2 : The National Board of Revenue (NBR) is likely to get a gigantic target to collect Tk 291,000 crore in revenue during the coming 2018-19 fiscal year, up 16.84 percent from Tk 248,190 crore of the current fiscal ...

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Iftar Mahfil held by British-Bangladeshi Cargo Agent Association

British-Bangladeshi Cargo Agent Association organised its Iftar Mahfil in a restaurant in East London on 28th May.  Chairman of the organisation and Proprietor of JMG Cargo, Monir Ahmed presided over the discussion the Iftar Mahfil and General Secretary Dewan Rob ...

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China factory activity rises to 8-month high in upbeat sign

Hong Kong, May 31 : Chinese factory activity grew at its fastest rate in eight months on stronger demand, a survey showed Thursday, in a positive sign for the world’s No. 2 economy despite trade tensions with the U.S. The ...

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