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Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup

Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup

REUTERS 2020-08-04 15:07:17

Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of Covid-19 infections around the world sparks tighter lockdowns just as major producers ram...

BD’s share in global clothing export market increases further

BD’s share in global clothing export market increases further

FE ONLINE REPORT 2020-08-04 14:00:14

The share of Bangladesh in the global clothing export market increased to 6.80 per cent in the last year from 6.40 per cent in 2018, according to the latest statistics of the World Trade Organization...

Boeing’s 737 Max moves closer to flying again

Boeing’s 737 Max moves closer to flying again

-- 2020-08-04 12:27:31

A wide-ranging list of changes to Boeing’s ill-fated 737 Max planes has been put forward by US regulators. The Federal Aviation Administration (FAA) document details actions it wants to be made...

Germany's car industry shows initial signs of recovery

Germany's car industry shows initial signs of recovery

Reuters 2020-08-04 12:17:11

Germany’s car industry has seen demand picking up after coronavirus-related restrictions were eased and auto industry exports are expected to rise, a survey published by the Ifo economic institu...

With eye on China, India looks to increase barriers on imports from Asia

With eye on China, India looks to increase barriers on imports from Asia

REUTERS 2020-08-04 10:14:05

New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties wit...

BEZA to sign land lease deal with Yabang Group

BEZA to sign land lease deal with Yabang Group

-- 2020-08-03 18:36:30

Bangladesh Economic Zones Authority (BEZA) is scheduled to sign a land lease agreement with Yabang Group of China on Tuesday. The deal will be inked at the BEZA Conference Room at 10am, said a press...

Microsoft nears big bet on TikTok after risky LinkedIn deal shows promise

Microsoft nears big bet on TikTok after risky LinkedIn deal shows promise

REUTERS 2020-08-03 16:20:55

Microsoft Corp’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and Sino-US conflict amid increased scrutin...

How the next WTO chief will be chosen and the task ahead

How the next WTO chief will be chosen and the task ahead

REUTERS 2020-08-03 15:13:50

Eight candidates from Mexico to Moldova are bidding to become the next director-general of the World Trade Organization to replace Roberto Azevedo, who steps down at the end of August. Challenges Th...

Karnaphuli Tunnel Project makes remarkable progress amid pandemic

Karnaphuli Tunnel Project makes remarkable progress amid pandemic

-- 2020-08-03 14:31:56

Karnaphuli Tunnel Project has achieved a 'breakthrough' with the completion of the left line despite the coronavirus outbreak in the country.  The project in Chattogram is being constr...

Govt extends shopping hours by one hour amid pandemic

Govt extends shopping hours by one hour amid pandemic

-- 2020-08-03 14:24:31

The government has extended the business hours for shops and malls by one hour to 8:00pm, while office hours during the coronavirus pandemic remain the same, bdnews24.com reports. The Cabinet Divisio...

Why did Bangladesh rawhide prices crater?

Why did Bangladesh rawhide prices crater?

-- 2020-08-03 10:49:47

Seasonal cattle rawhide traders vanished during Eid-ul-Azha this year, still perturbed by the past bitter experience. The coronavirus pandemic foreshadowed dismal demand for rawhides. The seasonal tr...

Trump to give TikTok's Chinese owner 45 days to agree sale

Trump to give TikTok's Chinese owner 45 days to agree sale

REUTERS 2020-08-03 10:34:36

President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, three people familiar with the matter said on Sunday....

Microsoft to continue talks to buy TikTok from ByteDance

Microsoft to continue talks to buy TikTok from ByteDance

Reuters 2020-08-03 09:36:06

Microsoft Corp said on Sunday that it would continue discussions to acquire popular short-video app TikTok from Chinese internet giant ByteDance, and that it was aiming to conclude the negotiations by...

What would a US ban on Chinese-owned app TikTok mean?

What would a US ban on Chinese-owned app TikTok mean?

AP 2020-08-02 16:22:09

President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. The threat comes as Microsoft...

Norway to provide $1.5m to support improved ship recycling in BD

Norway to provide $1.5m to support improved ship recycling in BD

-- 2020-08-02 13:51:48

Norway has committed approximately US$1.5 million (14 million Norwegian Kroner) to support improved ship recycling in Bangladesh. The third phase of an IMO-implemented project to enhance safe and env...

India's crop planting gathers pace, buoyed by bountiful monsoon rains

India's crop planting gathers pace, buoyed by bountiful monsoon rains

REUTERS 2020-08-02 13:21:19

A rapid progress of the monsoon helped Indian farmers plant nearly 14 per cent more land than last year with rice, corn, cane, cotton and soybean crops, according to the farm ministry. Farmers plante...

Eid cattle rawhides sell at ‘dirt cheap’ prices

Eid cattle rawhides sell at ‘dirt cheap’ prices

-- 2020-08-02 09:47:43

Merchants have bought rawhides of the cattle slaughtered on Eid-ul-Azha at ‘dirt-cheap’ rates as most of the seasonal traders shunned the business amid the coronavirus crisis after concedi...

Samsung Electronics to halt production at its last computer factory in China

Samsung Electronics to halt production at its last computer factory in China

-- 2020-08-01 18:40:24

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world’s seco...

Microsoft is in exploratory deal talks to buy TikTok

Microsoft is in exploratory deal talks to buy TikTok

-- 2020-08-01 16:50:58

Microsoft Corp could re-energise its advertising business with a huge supply of video if it follows through on acquiring TikTok’s US operations from ByteDance. The American multinational techno...

Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

REUTERS 2020-08-01 16:18:11

Apple Inc’s Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for India’s $6.5 billion scheme to boost local smartphone manufacturing, the country’s...

India's June crude oil imports lowest in over five years

India's June crude oil imports lowest in over five years

REUTERS 2020-08-01 13:51:56

India’s crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed...

US to pay $2.1b to Sanofi, GSK, in Covid-19 vaccine deal

US to pay $2.1b to Sanofi, GSK, in Covid-19 vaccine deal

-- 2020-08-01 12:10:29

The US government will pay $2.1 billion to Sanofi SA and GlaxoSmithKline Plc for Covid-19 vaccines to cover 50 million people and to underwrite the drugmakers’ testing and manufacturing, the com...

Dhaka cattle traders smile big on Eid eve amid pandemic

Dhaka cattle traders smile big on Eid eve amid pandemic

-- 2020-08-01 09:41:53

After complaining of bad business for around a week, cattle traders in Dhaka signed off with broad smiles on the eve of Eid-ul-Azha with customers thronging the traditional markets, bdnews24.com repor...

Australia to make Facebook, Google pay for news

Australia to make Facebook, Google pay for news

Reuters 2020-07-31 21:30:01

Australia will force US tech giants Facebook Inc and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watc...

OBHAI steps up intercity rides for Eid commutes amid pandemic

OBHAI steps up intercity rides for Eid commutes amid pandemic

-- 2020-07-31 20:22:09

OBHAI has ramped up its intercity services across Bangladesh for the passengers to travel home and return to their areas of work during Eid-ul-Azha. The ridesharing service provider has also taken ce...

27,000 sacrificial animals sold online ahead of Eid

27,000 sacrificial animals sold online ahead of Eid

-- 2020-07-31 20:22:06

A total of 27,000 sacrificial animals have been sold online across the country. The information was revealed through a joint online press conference of Dhaka North City Corporation (DNCC) E-Commerce...

GE to provide advanced gas turbine technology for BD

GE to provide advanced gas turbine technology for BD

FE Online Desk 2020-07-31 18:34:34

GE (NYSE: GE) on Friday announced that it will be providing its advanced gas turbine technology upgrade Advanced Gas Path (AGP) for the upcoming Reliance Bangladesh LNG & Power Ltd.’s 718-me...

“Community Bank Semi Critical Units” established at SAJIDA’S Narayangonj Hospital

“Community Bank Semi Critical Units” established at SAJIDA’S Narayangonj Hospital

-- 2020-07-31 18:24:39

Community Bank Bangladesh Limited in collaboration with SAJIDA Foundation has stood by the Covid-19 patients by establishing ‘Community Bank Semi Critical Units’ at SAJIDA’S Narayang...

EBL director Shaukat Ali passes away

EBL director Shaukat Ali passes away

-- 2020-07-31 18:03:51

Engr A M Shaukat Ali, director of Eastern Bank Ltd (EBL), passed away on Thursday night at a city hospital. He breathed his last at the age of 80. Engr Ali had been suffering from multiple old age c...

Intertek enters strategic partnership with Beximco

Intertek enters strategic partnership with Beximco

FE Online Desk 2020-07-31 17:40:11

Intertek, a leading total quality assurance provider to industries worldwide, has announced that it has entered into an exclusive services appointment and strategic partnership with Bangladesh Export...