WeWork seals multi-billion-dollar rescue deal By Sun Online Desk | Last Updated: 23rd October, 2019, 16:34

In a statement, Softbank says it would provide $5bn (£3.9bn) in new financing and up to $3bn for existing shareholders

WeWork accepts multi-billion-dollar Softbank rescue deal

Pakistan will achieve all FATF targets in time: Qureshi Pakistan will achieve all FATF targets in time: Qureshi

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing 


IMF warns of downside risks for Asian economy amid trade tensions IMF warns of downside risks for Asian economy amid trade tensions

Noting that the global economy is experiencing a synchronized slowdown amid trade and geopolitical tensions


Experts for addressing complexities in government procurement system Govt procurement: Experts for meeting complexities

Engineers and experts urge the government to remove the complexities upgrading the law, regulation and practices and appointing expert panel for the government procurement


End of ‘kafala’ system in Qatar to benefit Bangladeshi workers End of ‘kafala’ system in Qatar to benefit Bangladeshi workers

Qatar has announced sweeping reforms to its labour market, with a ruling to end the ‘kafala’ system


Japanese EZ at Araihazar to be ready for investors in 2021 Japanese EZ at Araihazar to be ready for investors in 2021

Japanese Economic Zone is expected to be ready for investors in early 2021 as the Bangladesh Economic Zones Authority


China's economic slowdown deepens, weighing on global growth China's economic slowdown deepens

The slump adds to problems faced by Chinese leaders, including rising inflation and weaker consumer demand


Novoair, Firefly to work jointly in aircraft maintenance Novoair, Firefly to work jointly in aircraft maintenance

Novoair, one of the country’s private airlines and Firefly, a subsidiary company of Malaysia airline have agreed on working together 


US-China trade mini-deal being ‘papered’: Trump US-China trade mini-deal being ‘papered’: Trump

Markets rally Friday as the deal was struck, in relief after the steady escalation in the trade conflict with China


FM embarks on Europe tour; focus on economic diplomacy FM embarks on Europe tour; focus on economic diplomacy

Foreign Minister began his visit to a number of European countries as Bangladesh is giving much importance to boosting its export


Inflation inches up to 5.54pc in September Inflation inches up to 5.54pc in September

Overall inflation in urban areas is higher at 5.80 percent in the month, which is 5.75 percent in August. Monthly inflation rose from 1.08 percent to 1.61 percent


Bangladesh wants to diversify, boost trade, investment with UK Bangladesh wants to diversify, boost trade, investment with UK

The minister says a special zone could be developed in Bangladesh for expanding and relocating their businesses


Kolkata-born economist Abhijit Banerjee awarded Nobel Prize for Economics Kolkata-born economist Abhijit wins Nobel for Economics

Indian-American Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the 2019 Nobel Economics Prize


Banerjee, Duflo and Kremer win Nobel economics prize for studies on poverty Bengali economist Abhijit, his wife win Nobel economics prize

They win the award “for their experimental approach to alleviating global poverty”


Bangladesh fastest-growing economy in South Asia after Bhutan: World Bank Bangladesh 2nd fastest-growing economy in S Asia: WB

Bangladesh has been forecast to grow at 7.3 percent in the next fiscal year, the World Bank says


Banking sector needs urgent reformation Banking sector needs urgent reformation

Speakers at a roundtable urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end



Global stocks rise on partial US-China trade deal, pound up Global stocks rise on partial US-China trade deal

The US-China agreement, announced in the closing minutes of Friday’s Wall Street session, halts new US tariffs


Industries minister urges British-Bangladeshis to invest in country Industries minister urges British-Bangladeshis to invest in country

He made the call while adressing the third British-Bangladeshi business award giving ceremony at New Bingley Hall Convention Center at Bermingham


Trump optimistic about US-China trade talks Trump optimistic about US-China trade talks

Mr Trump will meet directly with Vice Premier Liu He at the White House on Friday


China's rich got richer in 2019 despite tariff war China's rich got richer in 2019 despite tariff war

The number of businesspeople on the list from the tech, pharma and food industries rise while manufacturing decline


World Bank projects 7.2pc GDP growth this fiscal year WB projects 7.2pc GDP growth this fiscal year

The projection is made in World Bank's Bangladesh update, unveiled at its Dhaka office


US, China to hold trade talks on October 10 US, China to hold trade talks on October 10

Topics of discussion will include forced technology transfer, intellectual property rights, services, non-tariff barriers, agriculture and enforcement, said the White House Press Secretary 


Japan’s JERA invests USD 330 million to buy 22 percent stake in Summit Power JERA invests $330mn to buy 22pc stake in Summit Power

After the deal, the total equity value of Summit Power International is $1.5 billion


Commonwealth trade ministers to meet in London on Oct 10 Commonwealth trade ministers to meet in London on Oct 10

Trade Ministers will focus on strengthening multilateral trade, fighting protectionism, and progressing efforts to achieve $2 trillion worth of trade within the Commonwealth by 2030


GDP to go up by 1 percent once Padma Bridge completed: Minister 'GDP to go up by 1pc once Padma Bridge completed'

The minister was inaugurating a conference on 'Planning for Sustainable Cities and Settlements' arranged by Bangladesh Institute of Planners (BIP) at Bangabandhu International Conference Centre (BICC)


Bangladesh a role model for developing countries: Indian President 'Bangladesh a role model for developing countries'

The Indian president says India attaches the highest priority to its ties with Bangladesh mentioning that the two countries are together writing the ‘Golden Chapter’ of their partnership


IMF focuses on 5 issues for sustainable growth IMF focuses on 5 issues for sustainable growth

Bangladesh’s growth story has been remarkable, high, sustained with very little volatility, and leading to an improvement in social indicators


Deal on €188m Danish loan signed for Saidabad water plant Deal on €188m Danish loan signed

The G2G loan deal is signed between Additional Secretary of Economic Relations Division (ERD) Dr Nahid Rashid and Danish Ambassador to Dhaka Winnie Estrup Petersen at a function at ERD


Salim Osman re-elected BKMEA President Salim Osman re-elected BKMEA President

Salim will take charge for fifth consecutive term for the session 2019-21


By 2030, Bangladesh will be the 24th largest economy By 2030, Bangladesh will be the 24th largest economy

In Bangladesh, more than 120 companies export information and communications technology (ICT) products worth nearly $1 billion to 35 countries


Asia stocks drop as slowdown fears hit investors Asia stocks drop as slowdown fears hit investors

The falls comes after weak US economic data and a World Trade Organization (WTO) ruling paving the way for $7.5bn (£6.1bn) in US tariffs on EU goods


2pc incentive on remittance starts: Kamal 2pc incentive on remittance starts: Kamal

 Finance Minister AHM Mustafa Kamal said the government has started giving 2 percent cash incentive on money remitted


National Productivity Day observed National Productivity Day observed

The National Productivity Day is being observed today with a view to create awareness for raising productivity in all fields including Industrial, agricultural and service sector


Global stocks fall on weak US manufacturing data Global stocks fall on weak US manufacturing data

The report comes as the World Trade Organization on Tuesday cut its 2019 trade growth forecast to 1.2 percent


Reactor support truss installed at Rooppur Plant’s Unit 1 Reactor support truss installed at Rooppur Plant’s Unit 1

The role of support truss is to fix the reactor vessel in place and to bear its weight loads


ADB provides $150mn for developing fast-growing Dhaka, Khulna regions ADB provides $150mn for developing fast-growing Dhaka, Khulna regions

The Asian Development Bank (ADB) and the government of Bangladesh on Tuesday signed an agreement


Japan business confidence drops for 3rd straight quarter: Survey Japan business confidence drops for 3rd straight quarter: Survey

Economists have warned worries over US-China trade frictions are forcing manufacturers to refrain from active investment


Dr Mochtan becomes 12th APO Secretary-General Dr Mochtan becomes 12th APO Secretary-General

Dr Mochtan served as Deputy Secretary-General of Asean, from August 2013 until August 2019


Hong Kong likely to see negative growth in Q3: Finance Chief ‘Hong Kong likely to see negative growth in Q3’

The economic data for the quarter is being compiled and the negative impact has been quite strong on tourism-related industries


Onion prices still high in retail market Onion prices still high in retail market

Currently, per kg of onion is being sold at Tk70-80 although it was Tk 50-55 per kg and imported one was Tk 45-50 per kg a month earlier

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