Business News | Daily sun | 2019-08-18

Mexico-US trade would survive any NAFTA rupture: Mexico foreign minister Mexico-US trade would survive any NAFTA rupture

Mexico could put higher tariffs on US products, noting that apples from Arizona could face a 50 percent tariff to enter Mexico without NAFTA


Human rights 'at centre' of Vietnam-EU trade talks Human rights 'at centre' of Vietnam-EU trade talks

Vietnam's dismal human rights record flagged as a sticking point to finalising the deal


Google sued over gender discrimination Google sued over gender discrimination

The suit says Google is aware of the situation, but has not moved to fix it


Trump blocks sale of US tech firm to Chinese company Trump blocks sale to Chinese company

The order comes as the US has been toughening its stance on business dealings with China


Modi, Abe get India's first bullet train going as ties deepen Modi, Abe get India's first bullet train going as ties deepen

As New Delhi and Tokyo seek to forge closer ties to combat China's growing regional influence, the project offers a diplomatic and economic boost


Bill placed to allow 4 family members on board of banks Bill placed to allow 4 family members on board of banks

The Finance Minister says the MPs will have scope again to raise their remarks in this regard when the bill will be moved for passage in the House


IAA car show displays industry in throes of reinvention IAA car show displays industry in throes of reinvention

The auto industry has yet to atone fully for the "dieselgate" emissions cheating controversy


Tata Steel UK freed of pension fund liability Tata Steel UK freed of pension fund liability

Tata Steel UK has also agreed to sponsor a proposed new pension scheme, subject to certain qualifying conditions being met


Malaysia's palm stockpile rise 8.8 pct in August Malaysia's palm stockpile rise 8.8 pct in August

The stronger ringgit lately will also pressure the palm oil prices


China looks at ending sales of gasoline cars China looks at ending sales of gasoline cars

China is the biggest auto market by number of vehicles sold, giving any policy changes outsize importance for the global industry


BGMEA seeks one-year more to shift its headquarters BGMEA seeks one-year more to shift its headquarters

Siddiqur Rahman says BGMEA appealed to the court on August 23 for extension of the deadline


Facebook to invest $1bn in original TV content Facebook to invest $1bn in original TV content

The social media giant is willing to spend as much as $1 billion to cultivate original shows for its platform


China's factory gate inflation accelerates in August China's factory gate inflation accelerates in August

The August figure, which strong, is still well below the government's target of 3.0 percent


15 new 5-star hotels in next 3 years 15 new 5-star hotels in next 3 years

A large number of foreign buyers, diplomats, government and international agency employees, and business travellers visit Bangladesh regularly


37 missions fail to achieve export target  37 missions fail to achieve export target

The key Bangladesh missions like Washington, Berlin, Paris, Rome, Canberra, Beijing, Riyadh and Tokyo have failed to achieve their July export target


Special economic zone to be set up in Rajshahi Special economic zone to be set up in Rajshahi

In order to establish agro-based industries, the zone will be set up on around 205 acres of land in Paba Upazila of the Rajshahi district


Australia economy strengthens after weak start to year Australia economy strengthens after weak start to year

Economic growth for the second-quarter was 0.8 percent, after 0.3 percent in January-March, to take the annual rate of expansion to 1.8 percent


Improved trade facilitation can reduce costs in Asia, Pacific: ADB, ESCAP "Improved trade facilitation can reduce costs"

"Trade facilitation increases trade flows and lowers trade costs, making it critical for development in Asia and the Pacific"


China bans initial coin offerings calling them 'illegal fundraising' China bans initial coin offerings

The People's Bank of China has declared initial coin offerings (ICOs) illegal and wants them to "cease immediately"


Fund crunch pushes down rawhide prices Fund crunch pushes down rawhide prices

The prices of goatskin are fixed at Tk 20-22 and that of she-goat at Tk 15-17 per sq ft across the country


Khulna cattle markets humming with customers Khulna cattle markets humming with customers

Cattle traders from Jessore, Narail, and other districts are joining the markets with their finest sacrificial animals expecting better profit


India's growth rate slows as new sales tax confuses firms India's growth rate slows 5.7%

Some retailers say ambiguous rules over the new sales tax, which began on 1 July, left them unsure over how to price their products


Soaring salt price worries rawhide traders Soaring salt price worries rawhide traders

Leather business people also express concern over high salt price, saying that many rawhide traders might not use sufficient amount of salt


Warren Buffett becomes bank of America's top shareholder Buffett becomes bank of America's top shareholder

The billionaire turns 87 on Wednesday


Walton offers up to 10pc discount on fridge, TV Walton offers up to 10pc discount on fridge, TV

Customers can enjoy the discount offer at all Walton Plazas and distributors outlets across the country till September 5 next month


Uber pays out $10 mn to get back on Philippine roads Uber pays out $10 mn to get back on Philippine roads

Uber's suspension prompts a social media firestorm in the Philippines


Samsung to invest $7 billion to boost China NAND chip output Samsung to invest $7 billion to boost China NAND chip output

China is trying to develop its own memory chip producers but it is likely to be several years before they can compete with existing makers


Eicher trucks, buses to be assembled in Bangladesh Eicher trucks, buses to be assembled in Bangladesh

Runner plans to add value like welding and painting to the vehicles and head towards manufacturing of commercial vehicles in the future


Bashundhara Paper Mills allowed conducting bidding process Bashundhara Paper Mills allowed conducting bidding process

Now the company will conduct price bidding of shares required to determine the cut-off price at which institutional investors will get shares


Sale gets momentum amid record supply of sacrificial animals Cattle markets get momentum in Rangpur

Around1.10 lakh cattle farms have produced 5.30 lakh sacrificial animals against the demand of 4.28 lakh in all eight districts under Rangpur division


McDonald's dispute puts channel partners at a sticky spot McDonald's dispute puts channel partners at a sticky spot

Several partners like frozen food suppliers, dairy product and sauce suppliers as also mall operators are up against an uncertain future


VW engineer jailed for emissions scandal VW engineer jailed for emissions scandal

The US investigation has led to charges against seven others in the US and sparked probes in other countries


France faces worst wine harvest since 1945 France faces worst wine harvest since 1945

"At harvests everywhere, in places where we thought there would be a little less, there's a lot less," says Jerome Despey


Samsung heir Lee Jae-yong jailed for corruption Samsung heir Lee Jae-yong jailed for corruption

Lee has been convicted of bribery in a scandal that also saw the impeachment of South Korea's former president


Nahid urges students to generate new ideals for economic development Nahid urges students to generate new ideals for economic development

He says the new generation of the country possesses world standard talents


Samsung heir Lee Jae-yong faces verdict in his bribery trial Samsung heir faces corruption verdict

Lee Jae-yong is facing accusations of bribery linked to a scandal that triggered the impeachment of South Korea's former president



Cambridge University Press reverses China censorship move Publisher reverses China censorship move

The publisher had agreed to suppress access to hundreds of its own articles that dealt with subjects sensitive to the Chinese authorities


BHP returns to profit, to sell US shale assets BHP returns to profit, to sell US shale assets

The world's largest miner recorded an annual net profit of $5.89 billion for the year to June 30 after a $6.39 billion loss in the previous period


Global markets jittery as Trump fears persist Global markets jittery as Trump fears persist

Global sentiment remains jittery on exacerbated US political uncertainty and geopolitical concerns

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