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EU to launch counter-tariffs against US on Friday By BBC | Last Updated: 20th June, 2018, 21:31

American exports such as blue jeans, motorbikes and bourbon whiskey will be targeted, trade commissioner Cecilia Malmstrom confirms

EU to launch counter-tariffs against US on Friday

Audi CEO Rupert Stadler arrested in Germany Audi CEO arrested in Germany

Stadler is the highest ranking Volkswagen executive to be arrested in connection to a costly diesel emissions scandal that burst into public in 2015


Budget session resumes today Budget session resumes today

Deputy Speaker M Fazley Rabbi Miah adjourned the House at 2.05 pm on June 12


Egypt hikes fuel prices as part of austerity drive Egypt hikes fuel prices as part of austerity drive

The price hikes of between 35 and 50 percent are announced by Oil Minister Tarek el-Molla and go into effect immediately, state media reports


China hits back as US trade tensions threaten economy China hits back as US trade tensions threaten economy

US President Donald Trump announces tariffs Friday on Chinese imports valued at $34 billion


Trump puts 25% tariff on Chinese goods Trump puts 25% tariff on Chinese goods

Tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July


China-South Asia Expo begins in Kunming China-South Asia Expo begins in Kunming

Kunming Import and Export Fair is being organized by the Chinese Commerce Ministry


British engine maker Rolls-Royce cutting 4,600 jobs British engine maker Rolls-Royce cutting 4,600 jobs

Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British…


Trump preps China tariff target list, Beijing ready to retaliate Trump preps China tariff target list

The threat of massive duties on billions of dollars of goods sent Shanghai stocks to their lowest level


OPEC sees 'considerable uncertainty' in oil market OPEC sees 'considerable uncertainty' in oil market

Non-OPEC suppliers include the United States where producers have returned to the business in droves, encouraged by rising prices


Consumers oppose Titas’ 75 pc gas price hike proposal Consumers oppose Titas’ 75 pc gas price hike proposal

Eminent energy expert Prof Nurul Islam says Titas Gas lacks transparency in fixing its gas price for different consumer group


US sanctions force Nike to drop Iran boot deal US sanctions force Nike to drop Iran boot deal

A statement from Nike says the company was forbidden from supplying kit to the Iranian team as it prepares for its opening World Cup game


France, Germany near roadmap on EU taxes: minister France, Germany near roadmap on EU taxes: minister

France and Germany initially aimed to come to a common position by late 2017


Faridpur Sonali Bank officer jailed for graft Faridpur Sonali Bank officer jailed for graft

According to the prosecution, Zakir Hossain who was a cashier of local branch of Sonali Bank, embezzled Tk 790,000 from the bank in 2016


First Iraq-flagged oil tanker in 3 decades leaves port First Iraq-flagged oil tanker in 3 decades leaves port

Iraq takes lease of four tankers and is expected to obtain three others at a later date


31 Bangladeshi companies to take part in Texworld Paris 31 Bangladeshi companies to take part in Texworld Paris

The Premiere Vision is a unique opportunity for business meetings and exchanges between buyers and fashion-makers


Brahmanbaria tailors busy ahead of Eid Brahmanbaria tailors busy ahead of Eid

Most of tailors are working more than 16/17 hours daily to complete the orders as holy Eid-ul-Fitr is knocking at the door


MCCI for policy reforms of proposed budget MCCI for policy reforms of proposed budget

MCCI appreciates the 7.65 per cent growth in GDP against targeted 7.40 per cent in this fiscal year


FICCI finds proposed budget challenging FICCI finds proposed budget challenging

The chamber feels that the GDP growth target of 7.8 percent is achievable provided that GDP-Investment ration is increased to a desired level


No more flights from Sri Lanka's second airport No more flights from Sri Lanka's second airport

The airport -- 250-kilometre drive from the capital Colombo -- is located inside a wildlife sanctuary and smack in the middle of a migratory route


Embattled Air India seeks ‘urgent’ loan Embattled Air India seeks ‘urgent’ loan

Air India has failed to pay staff their salaries on time for the past three months, according to multiple news reports


US reaches deal with China's ZTE, says Wilbur Ross US reaches deal with China's ZTE

The deal will involve ZTE paying a $1bn penalty and hiring a compliance team chosen by the US


Ride-sharing services come under VAT net Ride-sharing services come under VAT net

“The app-running authorities have to pay five percent on their earnings,” the SRO reads


NBR sets Taka 2,96,201 crore revenue collection target in FY19 NBR sets Taka 2,96,201 crore revenue collection target in FY19

The Finance Minister reveals this while placing the proposed national budget for FY19 at Jatiya Sangsad this afternoon


Emirates looks to windowless planes Emirates looks to windowless planes

Instead of being able to see directly outside, passengers view images projected in from outside the aircraft using fibre-optic cameras


China offers to buy $70 bn of US goods, says official China offers to buy $70 bn of US goods, says official

The new purchases would include soybeans, natural gas, crude oil and coal


Elon Musk fends off challenge to Tesla control Tesla to build 'gigafactory' in Shanghai

The two positions are often held by the same person in US companies, unlike in UK firms


Myanmar enterprise tries to make trash trendy Myanmar enterprise tries to make trash trendy

Myanmar has seen a huge spurt in development over the last few years after emerging from half a century of junta rule in 2011


Neil Menzies new President of Chevron Bangladesh Neil Menzies new President of Chevron Bangladesh

Prior to this assignment, Menzies was deputy managing director of Chevron’s Eurasia Business Unit


Muhith to place ‘Tk 468,200 cr’ mega budget Thursday Muhith to place ‘Tk 468,200 cr’ mega budget Thursday

The Finance Minister is going to set a rare example by placing the 10th consecutive budget of the current government


Global airline body warns against protectionism, rising costs Global airline body warns against protectionism

The warning comes at the annual meeting of global airlines in Sydney


NBR says no to duty waiver for 3,600MW power plant NBR says no to duty waiver for 3,600MW power plant

State-owned Bangladesh Power Development Board and US energy giant General Electric to implement the proposed power project in joint venture


Chinese mainland’s overseas portfolio investment hits 498 bln USD Chinese mainland’s overseas portfolio investment hits 498 bln USD

The Chinese mainland’s overseas portfolio investment rose last year


Bangladesh receives over $1,400m remittance in May Bangladesh receives over $1,400m remittance in May

The country received $1,267.61 million remittance in May, 2017 and $1331.33 million in April 2018


Bashundhara Cement hosts iftar party Bashundhara Cement hosts iftar party

Engineers and top officials of various multinational companies and corporate houses attended the event held at Radisson Blu Dhaka Water Garden


Mango trading gains momentum in Rajshahi, Chapainawabganj Mango trading gains momentum in Rajshahi, Chapainawabganj

Centering the marketing of mango, also an important cash crop in the region, a large number of people are involved in various types of works


Benapole port users threaten strike Benapole port users threaten strike

They allege that BGB men harass importers by seizing their legally imported goods


Brazil Petrobras oil boss Pedro Parente resigns amid protests Brazil oil boss resigns amid protests

The strike against diesel prices, which ended this week, caused major shortages in the country


Trade tariffs: Chorus of condemnation intensifies Criticism of Trump trade tariffs intensifies

Criticism of the import tax on steel and aluminium from the EU, Canada and Mexico was joined by top congressional Republicans


US slaps steel and aluminium levies on key allies US imposes metal tariffs on key allies

The move immediately triggers vows of retaliation from Mexico, Canada and the EU, which call the tariffs "protectionism, pure and simple"


Tofail asks owners to pay RMG workers’ wages, bonus in time Pay wages, bonus to RMG workers in time: Tofail

The owners must clear their wages by June 10 and bonus by June 14, Tofail says adding that the owners can seek police protection to carry their money

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