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The Financial Express

Search results for: trade

Nissan, Renault shelve merger plans

REUTERS May 26, 2020 10:52:18

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, fi...

Uniqlo to make masks using underwear fabric

Reuters May 25, 2020 16:24:21

Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for...

NOVOAIR celebrates Eid with distressed people

-- May 25, 2020 16:18:40

NOVOAIR, a private airline of the country, is celebrating Eid-ul-Fitr with 2,000 distressed people at its office premises in Uttara area of Dhaka. On the occasion of Eid, NOVOAIR distributed food amo...

India plans scrutiny of new portfolio investors from China, Hong Kong

REUTERS May 25, 2020 15:55:10

India has drafted rules proposing tighter scrutiny of new Foreign Portfolio Investors (FPIs) from China and Hong Kong, three government sources told Reuters, its latest effort to check foreign inflows...

Lufthansa to resume flights to 20 destinations from mid-June

Reuters May 25, 2020 11:57:45

Lufthansa, which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswo...

478 apparel factories shut operations in two months

-- May 24, 2020 22:14:38

Around 478 member factories of BGMEA and BKMEA shut operations in past two months with cancellation of orders worth billions of dollars and denial of payment by some Western retailers amid the coronav...

Coronavirus casts shadow on fresh note sale ahead of Eid

-- May 24, 2020 21:20:31

Although the demand for new banknotes increases significantly ahead of Eids every year, the business is dull this year as fewer people are coming out because of the coronavirus outbreak and the subseq...

bKash makes 'Donation' easier

-- May 24, 2020 17:08:53

Bkash, a leading mobile financial service provider, has added a ‘Donation’ button to the main menu of its mobile app in a bid to make the donation process easier amidst the coronavirus fal...

India’s Reliance launches JioMart, challenging Amazon, Flipkart

REUTERS May 24, 2020 14:39:19

Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com’s local unit and Walmart Inc’...

Buyers tend to undo existing contracts with RMG producers

-- May 24, 2020 13:04:13

Bangladesh’s apparel units have said many foreign buyers pushed them to an extra difficult situation by trying to undo existing contracts even after product shipments, though financial data sugg...

Govt launches online platform to maintain food supply chain

-- May 23, 2020 20:54:01

‘Food for Nation’, an online platform for agricultural products, was launched on Saturday for the first time in the country to maintain food supply chain. The platform will help to enable...

Malaysia's Axiata in talks to buy smaller Indonesia telecom rival

-- May 23, 2020 19:54:12

Malaysian telecommunications company Axiata Group Bhd is in talks to buy a smaller rival in Indonesia in a share-swap deal to cut costs and competition in its biggest market, as COVID-19 hammers busin...

How ending Hong Kong's 'special status' could affect US companies

REUTERS May 23, 2020 14:07:03

New Chinese national security restrictions imposed on Hong Kong could draw a US revocation of the former British colony’s “special status” under US law, a move that would have far-re...

How Indian company could be world's door to vaccine

REUTERS May 23, 2020 12:49:43

If the world is to gain access to a vaccine for COVID-19, there’s a good chance it will pass through the doors of Serum Institute of India. Serum Institute, the world’s largest manufactur...

Rooppur NPP: Manufacture of Core Barrel for RPV completed

FE Online Desk May 23, 2020 12:46:34

Manufacture of Reactor Pressure Vessel (RPV) for unit-1 of Rooppur Nuclear Power Plant has recorded further development as the production of Core Barrel has been completed at the Volgodonsk  ...

Ctg port fully restarts operation

OUR CORRESPONDENT May 23, 2020 10:51:50

CHATTOGRAM: The Chittagong Port Authority (CPA) has fully restarted operation at the country's prime sea after three days on Friday. The captains of CPA have taken ships to the jetties from the dee...

ADB to give its $1.1b income from its OCR for poor, developing countries

FE REPORT May 23, 2020 10:46:09

The Asian Development Bank (ADB) will spend its US $1.1 billion income from its hard-term window, the Ordinary Capital Resources (OCR), for the poor and developing countries this year. The board of g...

Dozens of Chinese companies added to US blacklist in latest Beijing rebuke

REUTERS May 23, 2020 10:35:00

The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass...

LFMEAB seeks full store rent waiver at HSIA

FE Report May 23, 2020 10:32:42

Leather goods exporters have sought cent per cent store rent charge waiver at Hazrat Shahjalal International Airport (HSIA) during the COVID-19 pandemic, industry insiders said. Leather Goods and F...

Some essential items get costlier ahead of Eid

FE REPORT May 23, 2020 10:07:43

The prices of essential items including chicken, garlic, ginger, onion and potato showed a notable hike before Eid-ul-Fitr, hitting people's pockets during the coronavirus pandemic. Eid will be celeb...

Non-payment of outstanding bills: RMG owners warn of blacklisting some UK cos

Monira Munni May 23, 2020 10:03:31

The local apparel sector trade bodies have warned of blacklisting the brands and service providers of Edinburgh Woollen Mills (EWM) which were not paying the outstanding bills of local suppliers or no...

New GSP: Govt urges interest grs to join as EU conducts online survey

JASIM UDDIN HAROON and REZAUL KARIM May 23, 2020 09:45:12

The European Union is conducting an online survey to prepare a new trade benefit scheme for the poorer nations, including Bangladesh. The objective of the survey is to assess whether countries like B...

Mastercard to allow staff to work from home

-- May 22, 2020 19:40:59

Mastercard Inc will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures. Th...

Corona crisis makes meat prices dearer

-- May 22, 2020 16:34:24

Supply chain disruption and temporary closure of businesses amid the government-announced ‘holiday’ to curb coronavirus transmission have pushed up meat prices by as much as Tk 250 per kg...

Amazon to hire 50,000 temp workers in India

Reuters May 22, 2020 15:59:44

Amazon.com Inc’s India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdo...

Nissan considering 20,000 job cuts

Reuters May 22, 2020 14:23:13

Nissan Motor is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover fr...

BD witnesses massive shift to digital payments in RMG sector

FE ONLINE DESK May 22, 2020 14:16:57

Bangladesh has witnessed a massive shift from cash to digital payments within the space of one month in the RMG or ready-made garment sector, according to a survey. The survey was conducted on May 15...

Orders cancellations: BD expats urged to raise awareness

-- May 22, 2020 10:59:48

Foreign Minister Dr AK Abdul Momen has called upon the expatriate Bangladeshis to help creating awareness against the unfair action of cancellation of orders from Bangladesh by the Western brands and...

NBR offers tax benefit to local lift makers

FE Report May 22, 2020 10:29:19

The National Board of Revenue (NBR) has offered tax benefit to local elevator manufacturers in a bid to reduce its dependency on imports. Local manufacturers will enjoy waiver from payment of Value A...

TIB urges govt to end rental power system

FE REPORT May 22, 2020 10:24:42

The Transparency International Bangladesh (TIB) has pleaded with the government to cancel the rental power system immediately and reform the Power System Master Plan-2018. It made the call citing dat...