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The Financial Express

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Tesla to cut car prices in North America, China

Reuters May 27, 2020 13:37:31

Tesla said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns....

Apple to reopen about 100 US stores

-- May 27, 2020 12:06:18

Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday. Apple shuttered stores worldwide as the novel coronavirus pand...

Volkswagen in final talks to seal biggest M&A deals in China EV sector

-- May 27, 2020 11:50:21

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s lar...

Saudi Arabian airlines to resume some domestic flights from May 31

-- May 27, 2020 11:39:48

Saudi Arabian airlines are preparing to resume some domestic flights from Sunday as the Kingdom eases coronavirus containment measures, Reuters reported on Wednesday citing the state news agency. Six...

Top executives of Exim Bank 'threatened'

-- May 27, 2020 09:44:21

A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death. A case was started at Gulshan Police Station on May 19 over the alleged incident...

Boeing set to announce significant US job cuts this week

Reuters May 27, 2020 09:17:17

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10 per cent of its worldwide workforce of 160,000 employees, people briefed on the plans and a un...

No March, April VAT return penalty until Jun 9

-- May 26, 2020 23:12:52

Business organisations will be able to submit value added tax (VAT) return for the months of March and April without paying late fees until Jun 9, the National Board of Revenue says. The board issued...

Dhaka ICD overloaded due to slow delivery of goods

-- May 26, 2020 16:46:09

The Kamlapur Inland Container Depot (ICD), a key gate of the country’s external trade in Dhaka, has been congested following slow delivery of goods.       &nbs...

Uber cuts 600 jobs in India

Reuters May 26, 2020 15:31:16

Uber Technologies will cut around 600 jobs in India as part of its plans to cut 23 per cent of its global workforce, as the company navigates a lockdown that has brought businesses in the country to a...

Bangladeshi-owned SMEs in Bahrain likely to get assistance

FE ONLINE DESK May 26, 2020 12:07:41

The Bahrain media has reported that a Bangladesh project to revive Bangladeshi-owned small and medium enterprises (SMEs) in Bahrain in the post-Covid-19 days is in the pipeline. The first-of-its-kind...

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...