India’s beleaguered Jet Airways founder held at airport

Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from travelling to London, an official said, months after the debt-laden company grounded its fleet.
25 May 2019, 18:00 PM

Samsung launches World Cup campaign on television

Samsung Electronics Bangladesh has recently launched a campaign centring the upcoming cricket world cup, providing customers up to Tk 2 lakh in cashbacks on purchase of select models of television. The company also offers additional cashbacks of 5 percent on purchase of two models
25 May 2019, 18:00 PM

India’s jobs deficit: Project in Gujarat struggling to create employment

When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai.
25 May 2019, 18:00 PM

Equities, pound, oil tumble on trade and Brexit fears

Asian equities tumbled Thursday as China-US trade frictions continue to dog investors, while the pound hit a fresh four-month low on Brexit worries and energy firms were battered by plunging oil prices.
23 May 2019, 18:00 PM

Turkey stopped purchasing Iranian oil as of May

Turkey stopped purchasing Iranian oil as of May as U.S. waivers granted last November to eight buyers expired, and will continue to abide by Washington’s demand that it halt all imports of crude oil from the Islamic Republic, a senior Turkish official said on Wednesday.
23 May 2019, 18:00 PM

Ikea plans to open first Mexico store in 2020

Ikea, the world’s largest furniture seller, will open its first store in Mexico next year and plans to launch other stores around the country, the company said on Wednesday, as it expands in Latin America to counter growing competition in its core US and European markets.
23 May 2019, 18:00 PM

Uber and Lyft to turn the wheels on car ownership

Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday.
23 May 2019, 18:00 PM

Mnuchin says more US tariffs on China at least a month away

The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, US Treasury Secretary Steven Mnuchin said on Wednesday.
23 May 2019, 18:00 PM

EU sees no compliance issues in Google shopping, rivals disagree

Europe’s antitrust chief said on Wednesday she did not see any problems with the way Google was complying with her order to boost competition in online shopping, brushing aside complaints from some of the U.S. company’s rivals.
23 May 2019, 18:00 PM

China slams US ‘bullying’ as firms step away from Huawei

China berated the United States for “bullying” Huawei on Thursday as Panasonic joined a parade of foreign companies reviewing their ties with the telecom giant after a US ban linked to security concerns.
23 May 2019, 18:00 PM

British Steel’s French workers fear layoffs after collapse

French officials were under pressure Thursday to save the jobs of hundreds of French steel workers at factories facing an uncertain future after the collapse of British Steel, whose assets will be sold to pay off its debt load.
23 May 2019, 18:00 PM

Trade war to weigh on global growth: IMF

The IMF warned Thursday that the escalating US-China trade war will “jeopardize” 2019 global growth, undermining confidence and raising prices for consumers.
23 May 2019, 18:00 PM

Novartis CEO plans gene therapy price ‘far lower’ than $4m to $5m range

Novartis AG’s top executive said on Wednesday it expects to price its gene therapy for spinal muscular atrophy far lower than the $4 million to $5 million figure the Swiss drugmaker has said it could be worth.
23 May 2019, 18:00 PM

Never mind the profit fall, M&S says, focus on the changes

Marks & Spencer asked to be judged on how fast it is changing as much as its financial results on Wednesday, as the British clothing and food retailer reported a third straight drop in annual profits.
23 May 2019, 18:00 PM

As tourism drives residents out, Malaysia’s heritage city turns to millennials

The faded white walls and wooden door of Fong Lai Kheng’s hair salon in the heart of Malaysia’s George Town stand out on a street lined with souvenir shops, cafes and colourful murals.
22 May 2019, 18:00 PM

Dutch issue first ‘green bond’

The Netherlands said it was issuing its first “green bond” on Tuesday, becoming the first top-rated country to tap into a growing market for investments in environmental projects.
22 May 2019, 18:00 PM

Fed may cut rates if inflation keeps disappointing: Bullard

Further weakness in inflation could prompt the US Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday.
22 May 2019, 18:00 PM

China’s big three airlines seek 737 MAX payouts from Boeing

China’s three biggest airlines have filed claims seeking compensation from Boeing over the grounding and delayed delivery of 737 MAX 8 aircraft following two deadly crashes, Chinese state media reported on Wednesday.
22 May 2019, 18:00 PM

Designed by committee, Toyota’s Japan Taxi becomes an expensive Olympic symbol

Toyota Motor’s Japan Taxi, born in a government committee and designed to be an all-things-to-all-people cab, has become a high-priced icon of Tokyo’s budget-busting 2020 Olympic and Paralympic Games.
22 May 2019, 18:00 PM

Germany orders new anti-money-laundering steps at online bank N26

German financial markets watchdog Bafin said Wednesday it had ordered online bank N26 to tackle gaps in its measures against financial crime, including in its systems for verifying clients’ identities.
22 May 2019, 18:00 PM