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Search results for: trade

Tesla raises spending plan, discloses new subpoena on Musk's 2018 tweet

Tesla raises spending plan, discloses new subpoena on Musk's 2018 tweet

REUTERS 2022-07-26 11:34:48

Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk...

Oil rises as Russian gas cut to Europe may encourage switching to crude

Oil rises as Russian gas cut to Europe may encourage switching to crude

FE ONLINE DESK 2022-07-26 11:26:55

Oil rose on Tuesday on expectations Russia's reduction in natural gas supply to Europe could encourage a switch to crude, though concerns over weakening fuel demand because of an expected increase in...

Food delivery companies revamp for cost-of-living crunch

Food delivery companies revamp for cost-of-living crunch

-- 2022-07-25 21:05:24

When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped. The deal, a lifeline for Grubhub that will...

BMCCI, DPMM ink MoU to boost BD, Malaysia trade ties

BMCCI, DPMM ink MoU to boost BD, Malaysia trade ties

-- 2022-07-25 20:37:56

Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) on Monday signed a Memorandum of Understanding (MoU) with the Malay Chamber of Commerce, Malaysia (DPMM) to enhance trade and investment ti...

Pakistani business delegation, Nigerian High Commissioner met leaders of DCCI

Pakistani business delegation, Nigerian High Commissioner met leaders of DCCI

FE ONLINE REPORT 2022-07-25 18:09:43

A Pakistani business delegation and Nigerian High Commissioner met the top leaders of Dhaka Chamber of Commerce & Industry (DCCI). A Pakistani business delegation led by the President of the Fede...

Crisis-hit Evergrande faces deadline after bosses quit

Crisis-hit Evergrande faces deadline after bosses quit

BBC 2022-07-25 15:06:04

Embattled Chinese real estate giant Evergrande is expected to deliver a preliminary restructuring plan this week, following the exit of two bosses. The firm says its chief executive and f...

Addressing forex volatility: D-8 CCI to moot alternative trade financing

Addressing forex volatility: D-8 CCI to moot alternative trade financing

SYFUL ISLAM 2022-07-25 11:10:13

The D-8 Chamber of Commerce and Industry (D-8 CCI) will propose alternative trade financing to address the pressure on the local currency and the foreign exchange (forex) reserve. The chamber will su...

Concern aired over huge tomato imports despite bumper harvest

Concern aired over huge tomato imports despite bumper harvest

FE REPORT 2022-07-25 10:53:17

Bangladesh imported 76,000 tonnes of tomato in the last fiscal year (FY '22) despite the fact that the domestic production of the vegetable was a record 1.75 million tonnes, it was disclosed at a prog...

Govt asks Bangladesh Bank to provide LC data on rice import

Govt asks Bangladesh Bank to provide LC data on rice import

FE REPORT 2022-07-25 10:03:51

The government has asked the central bank to provide it with the LC (letter of credit) data of rice import, aiming to know the shipment details of the staple so that it can monitor and oversee supply...

PRAN-RFL eyes $1b exports by 2025, $2b by 2030

PRAN-RFL eyes $1b exports by 2025, $2b by 2030

FE REPORT 2022-07-25 09:42:28

PRAN-RFL Group, one of the country's leading business conglomerates, plans to double its export earning to US$1.0 billion within the next three years. It is also planning to reach the $2.0-billion ex...

China's home-grown C919 jet nears certification as test planes complete tasks

China's home-grown C919 jet nears certification as test planes complete tasks

-- 2022-07-24 16:03:17

China's homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on Saturda...

Tea Board seeks to raise tea cess to 2.0pc

Tea Board seeks to raise tea cess to 2.0pc

FE REPORT 2022-07-24 09:50:53

State-run tea board seeks to increase tea cess to 2.0 per cent from the existing rate of 1.0 per cent to ensure overall development of the country's tea sector, sources said. Currently, from the sale...

RMG shines as US buyers rate high its labour compliance

RMG shines as US buyers rate high its labour compliance

MONIRA MUNNI 2022-07-24 09:41:14

US apparel buyers have acknowledged the improvements in Bangladesh's readymade garment (RMG) industry by rating high its social and labour compliance, according to a latest study. "Respondents report...

Pharma sector has export potential to be next RMG

Pharma sector has export potential to be next RMG

FE REPORT 2022-07-24 09:30:28

Speakers at a seminar on Saturday said the country's pharmaceutical sector, which is meeting 98 per cent of its domestic demand, has the potential to become the next RMG in terms of export. They, how...

‘Made in Bangladesh Week’ website launched

‘Made in Bangladesh Week’ website launched

FE Online Report 2022-07-23 20:28:26

The official website of ‘Made in Bangladesh Week’, to be held in November in Dhaka, has been launched. The site (https://www.madeinbangladeshweek.com) contains detailed information about...

BGMEA participates in trade exhibition in US

BGMEA participates in trade exhibition in US

-- 2022-07-23 18:35:01

A delegation of BGMEA comprising leading apparel exporters from Bangladesh have participated in an international trade exhibition -- Texworld USA Summer 2022 – to explore more business opportuni...

VW's CEO Diess ousted, Porsche's Blume to succeed

VW's CEO Diess ousted, Porsche's Blume to succeed

-- 2022-07-23 18:05:26

Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen, the carmaker said on Friday, after a supervisory board vote forced Diess to step down from his four-year te...

FBCCI keen to enhance trade ties with Brazil; two MoUs signed

FBCCI keen to enhance trade ties with Brazil; two MoUs signed

-- 2022-07-23 16:57:32

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is keen to develop broader trade relations with Brazil, the largest economy in Latin America. As a part of this initiative, the...

Experts endorse polymer tech to minimise road construction cost, time

Experts endorse polymer tech to minimise road construction cost, time

-- 2022-07-23 14:26:42

Road building experts expect to drastically minimise time and cost in constructing durable roads and highways across Bangladesh with introduction of a new technology, opening up a new horizon for the...

Hyundai subsidiary has used child labour at Alabama factory

Hyundai subsidiary has used child labour at Alabama factory

-- 2022-07-23 13:20:43

A subsidiary of Hyundai Motor Co has used child labour at a plant that supplies parts for the Korean carmaker's assembly line in nearby Montgomery, Alabama, according to area police, the family...

Nagad slashes down electricity usage half in its offices

Nagad slashes down electricity usage half in its offices

-- 2022-07-23 12:33:29

Nagad, the mobile financial service of the Bangladesh Post Office, has slashed electricity usage about half of its consumption in all its offices across the country following the request of the govern...

Twitter blames Musk, weak ad market for drop in revenue

Twitter blames Musk, weak ad market for drop in revenue

FE ONLINE DESK 2022-07-23 10:52:07

Twitter Inc on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. T...

Green chilli hits Tk 240 a kg!

Green chilli hits Tk 240 a kg!

FE REPORT 2022-07-23 08:53:24

Green chilli price hit Tk240 a kilogram last week registering a Tk50-60 surge in seven days, increasing sufferings of the consumers further. Meanwhile, soybean oil was still selling at its previous...

Two more Indian ships to arrive this week

Two more Indian ships to arrive this week

Nazimuddin Shyamol 2022-07-23 08:46:18

CHATTOGRAM: Trans-shipment of goods between India and Bangladesh through Chittagong seaport is set to resume this week after two years, officials at the Chittagong Port Authority said in Friday. They...

Dhaka to urge S'pore to end embargo soon

Dhaka to urge S'pore to end embargo soon

SYFUL ISLAM 2022-07-23 08:35:48

Bangladesh will soon request Singapore to withdraw embargo imposed on transshipment of hydrogen peroxide through the port of Singapore that has stalled export of the chemical compound since a Chittago...

Light engineering likely to fetch $1b in FY ’23

Light engineering likely to fetch $1b in FY ’23

FHM HUMAYAN KABIR 2022-07-23 08:30:45

Bangladesh's light-engineering sector is likely to enter the billion-dollar foreign exchange-earning club within a year - enlarging the country's export basket, officials said on Friday. In the last...

Anwar Shawkat elected DBCCI president

Anwar Shawkat elected DBCCI president

-- 2022-07-22 19:49:19

Md Anwar Shawkat Afser, managing director of Sakhi Lines (Sakhi Group), has been re-elected president of the Dutch-Bangla Chamber of Commerce and Industry (DBCCI) for 2022-2024. He assumed the role f...

Gazipur becoming Chinese smartphone city

Gazipur becoming Chinese smartphone city

-- 2022-07-22 19:14:59

Bangladesh's Gazipur is dubbed the Chinese smartphone city in the country. Located on the outskirts of the Bangladeshi capital Dhaka, it is also famous for its textile manufacturing industry. Today,...

'Unknowns' delay Tesla's ramp-up of its own cutting-edge batteries

'Unknowns' delay Tesla's ramp-up of its own cutting-edge batteries

REUTERS 2022-07-22 14:05:13

Tesla Inc is falling short of CEO Elon Musk's target to make its own next-generation batteries, sparking questions over the top electric car maker's ability to maintain its blistering expansion of aut...

Study finds ICDs' weaknesses in handling dangerous chemicals

Study finds ICDs' weaknesses in handling dangerous chemicals

FE REPORT 2022-07-22 11:59:56

There are institutional and operational weaknesses across the value chain in handling dangerous chemicals at Inland Container Depots (ICDs) - this needs to be addressed immediately, said a study of th...