US services sector growth drops to two-year low in June

Growth in the crucial American services sector fell last month to its weakest pace in nearly two years as business activity, hiring and new orders all declined, a private survey showed Wednesday.
3 July 2019, 18:00 PM

Facebook’s crypto currency faces pre-G20 examination

Heading in to the G20 summit, Facebook is on notice from powerful regulators including the Fed chief that its ambitious plans for a global crypto-currency face piercing scrutiny.
26 June 2019, 18:00 PM

FedEx offers cautious 2020 outlook

FedEx warned Tuesday that its fiscal 2020 earnings outlook remains clouded by trade war uncertainty as the company’s chief executive criticized the Trump administration’s lurch towards protectionism.
26 June 2019, 18:00 PM

German consumer mood clouds over in July

Germans’ view of the economy heading into July has darkened, a regular poll published Wednesday found, as global trade conflicts weigh on hopes for a continuing job boom.
26 June 2019, 18:00 PM

Bombardier sells regional jet division to Mitsubishi for $550m

Canadian aerospace firm Bombardier is effectively exiting the commercial airline manufacturing sector with the sale of its CRJ Series regional jet program.
26 June 2019, 18:00 PM

French consumer group launches class action against Google

A French consumer rights group said Wednesday that it has launched a class action lawsuit against US tech giant Google for violating the EU’s strict data privacy laws.
26 June 2019, 18:00 PM

US chip firm says it can ‘lawfully’ sell some items to Huawei

US semiconductor firm Micron Technology said Tuesday it has resumed some sales to Chinese technology giant Huawei despite a ban imposed by President Donald Trump on national security grounds.
26 June 2019, 18:00 PM

China halts Canadian meat exports over false certificates

China asked Canada on Tuesday to suspend all meat exports after discovering false veterinary health certificates attached to a batch of pork, while Canadian federal police launched a criminal probe.
26 June 2019, 18:00 PM

Robots to take 20m jobs by 2030: study

Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.
26 June 2019, 18:00 PM

South Korea, Saudi sign $8b economic co-operation pact

South Korea and Saudi Arabia signed an $8.3 billion economic co-operation pact Wednesday during Crown Prince Mohammed bin Salman’s first visit to Seoul, as the oil-rich kingdom looks eastward following Western criticism over journalist Jamal Khashoggi’s murder.
26 June 2019, 18:00 PM

Central bankers in a bind as G20 bickers over trade

For decades the United States led the push for lower tariffs worldwide, but US President Donald Trump is testing the solidarity of his G20 peers with a protectionist line on trade, putting central bankers in a tough spot with depleted resources to battle a downturn that may be coming sooner than expected.
26 June 2019, 18:00 PM

Obsession with taxing the mobile telecom sector

There is an obsession in Bangladesh with taxing mobile telecom services. The resulting burden on the sector trickles down to the consumer, hampers growth and draws the country further away from the goals of Digital Bangladesh.
26 June 2019, 18:00 PM

Central bankers weigh up Facebook’s Libra plan

A senior member of the Swiss National Bank said he was open-minded about Facebook’s cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative.
25 June 2019, 18:00 PM

FedEx sues US government over shipment restrictions

American logistics giant FedEx sued the US government on Monday, saying Washington’s restrictions on exports and imports due to growing trade disputes and sanctions created an “impossible burden” for delivery firms.
25 June 2019, 18:00 PM

Trump ‘comfortable with any outcome’ from pivotal Xi talks

US President Donald Trump views this week’s meeting with Chinese President Xi Jinping as a chance to see where Beijing stands on the two countries’ trade war, and is “comfortable with any outcome” from the talks, a senior US official said on Monday.
25 June 2019, 18:00 PM

Trump bashes ‘stubborn child’ Fed as economy shows signs of weakness

US President Donald Trump on Monday lashed out at the Federal Reserve, accusing the central bank of standing in the way of major economic expansion by refusing to cut interest rates.
25 June 2019, 18:00 PM

Boeing in talks for more 737 MAX orders after IAG

Boeing is in talks with other airlines for sales of its grounded 737 MAX after receiving a letter of intent for 200 planes from British Airways owner IAG at the Paris Airshow, its sales chief said on Thursday.
20 June 2019, 18:00 PM

Renault, Nissan join Waymo in exploring driverless services in France, Japan

French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc’s Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.
20 June 2019, 18:00 PM

Novoair starts additional daily flight to Jashore

Novoair yesterday started running an additional daily flight on the Jashore route. It will also increase flights to Cox’s Bazar and Saidpur to meet increasing demand, the local private airline said in a statement.
20 June 2019, 18:00 PM

Bangladeshi app contest champion going to Nasa

The first Bangladeshi world champion of NASA Space Apps Challenge is going on a visit to Kennedy Space Center and join the Falcon-9 Space Shuttle Launching Program.
20 June 2019, 18:00 PM