Greek restaurants on the ropes ahead of tourism restart

In the trendy Koukaki district, a discus throw from the Acropolis in Athens, owners of restaurants that have survived the virus lockdown are trying to keep themselves occupied as the weather and the noises from government improve.
10 April 2021, 18:00 PM

China fines Alibaba record $2.75b for anti-monopoly violations

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
10 April 2021, 18:00 PM

Amazon’s win in union fight shows harsh realities facing labour movement

Amazon.com Inc’s fierce resistance to unionization, skepticism among workers that organizing could get them a better deal and decisions on election parameters all contributed to the apparently lopsided defeat of a labor drive at the company’s warehouse in Bessemer, Alabama, people close to the events said.
10 April 2021, 18:00 PM

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country.
10 April 2021, 02:26 AM

High stakes at sea in global rush for wind power

Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy.
8 April 2021, 18:00 PM

Tesla scouts for showroom space in India, hires executive for lobbying

Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters.
8 April 2021, 18:00 PM

Global Advertisement Revenue: Gobbled up by giants

Australia’s recent attempt to make Google and Facebook pay for news content is one of many considered ways to strike a balance in wealth generation between the creative and the tech sectors. The problem statement for that policy was simple: news organisations create unique content; search and social media use the content to invite advertisers to their platforms. As a result, ads get siphoned off from TV and news media to social media -- for every AU$ 100, $81 goes to Google and Facebook.
8 April 2021, 18:00 PM

Rupee loses 1.5pc in biggest single-day fall for 20 months

The Indian rupee lost 1.5 per cent on Wednesday, suffering its biggest single-day fall in 20 months as the central bank mapped out plans for a massive government bond buying programme.
7 April 2021, 18:00 PM

Global minimum tax for corporations inches towards reality

Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.
7 April 2021, 18:00 PM

BSEC approves country’s first green zero coupon bond

Bangladesh Securities and Exchange Commission (BSEC) has approved the country’s first green zero-coupon bond with the help of which Sajida Foundation will raise a fund of Tk 100 crore.
7 April 2021, 18:00 PM

Cambodia starts vaccinating textile factory workers

Cambodia started on Wednesday to vaccinate workers in its textile industry, concentrating on the $7 billion backbone of its economy to help jump-start a post-pandemic recovery.
7 April 2021, 18:00 PM

Samsung Electronics, LG forecast 40pc leaps in Q1 operating profits

South Korea’s two biggest electronics firms both forecast jumps of around 40 percent in their first-quarter operating profits Wednesday, with coronavirus-driven working from home fuelling global demand for semiconductors and home appliances.
7 April 2021, 18:00 PM

Boeing’s 737 MAX will fly again after 2 air disasters grounded them for 20 months

After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co has won approval from the US Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters.
18 November 2020, 13:26 PM

Japan mulls ‘China exit’ for 87 manufacturing projects

The Japanese government has laid out its plan for shifting manufacturing out of China to Southeast Asia or Japan.
18 July 2020, 13:46 PM

Alibaba's Lazada appoints Chun Li as new CEO

Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding, says on Friday it would replace its chief executive officer, as it battles for dominance in the fast-growing market.
26 June 2020, 06:59 AM

FBCCI chief Fahim elected vice president of Saarc Chamber of Commerce and Industry

Sheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Industry, has been elected vice president of the Saarc Chamber of Commerce and Industry.
15 June 2020, 13:51 PM

EWM Group hits back at BGMEA’s blacklist threat, terms it ‘unproductive’

British clothing retailer Edinburgh Woollen Mill (EWM) Group has hit back after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) threatened to blacklist the company for not paying its suppliers in the country and not responding to the calls of the association, by terming their threat “unproductive”.
25 May 2020, 12:45 PM

United Airlines sharply cuts flights to Asia

United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations.
29 February 2020, 18:00 PM

India to woo businesses to Kashmir in planned investment summit

India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes.
13 February 2020, 18:00 PM

France says won’t bar Huawei from 5G network

France on Thursday said Chinese telecommunications firm Huawei would not be excluded from supplying equipment for 5G networks in the country but could be subject to restrictions and Paris may prioritise European operators.
13 February 2020, 18:00 PM