Intel shows research for packing more computing power into chips

Research teams at Intel Corp on Saturday unveiled work that the company believes will help it keep speeding up and shrinking computing chips over the next ten years, with several technologies aimed at stacking parts of chips on top of each other.
12 December 2021, 18:00 PM

Canadian agri research organisation opens Dhaka regional office

A regional office of the Global Institute for Food Security, a research organisation of University of Saskatchewan in Canada, was opened in Dhaka yesterday to help the country’s agricultural researchers gain advanced knowledge and skills.
12 December 2021, 18:00 PM

Vietnam car company Vingroup starts work on $174m EV battery plant

Vietnam’s biggest conglomerate Vingroup said on Sunday it had started building a $174 million battery cell plant for its VinFast electric vehicles business so the company can own its battery supply chain.
12 December 2021, 18:00 PM

Illegal but essential, migrants recycle Istanbul’s waste

Shrouded by acrid smoke, a young Afghan crouches sorting waste he has pulled from the trash bins of Istanbul, anxious that Turkey will soon strip him of even this subsistence.
12 December 2021, 18:00 PM

Malaysia’s palm oil producers adjust to labour shortages

Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to the coronavirus and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.
12 December 2021, 18:00 PM

Biden orders US to stop financing new carbon-intense projects abroad

The Biden administration has ordered US government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global collaborations to deploy clean energy technology, according to US diplomatic cables.
12 December 2021, 18:00 PM

Dubai welcomes 4.88m visitors in Jan-Oct

Dubai welcomed 4.88 million visitors in the period January- October 2021, its Department of Economy and Tourism (DET) said on Saturday, adding that international visitors in the month of October alone had exceeded one million.
11 December 2021, 18:00 PM

Shell shareholders back plan to switch headquarters to UK

Shell shareholders on Friday overwhelmingly backed plans to switch the oil giant’s headquarters from the Netherlands to Britain after a century and drop Royal Dutch from the name.
11 December 2021, 18:00 PM

Europe’s car industry too reliant on other regions: Bosch chair

Europe’s automotive sector has become too reliant on Asia and other regions for vital components such as semiconductors and battery cells, Bosch’s outgoing chairman told a German newspaper.
11 December 2021, 18:00 PM

Fed experiment offers historic bet on a soft landing from high prices

The US Federal Reserve’s experiment with running a “hot” economy has edged into historically uncharted territory, with an unemployment rate never reached without associated central bank rate increases and now levels of inflation that in the past also prompted a policy response.
11 December 2021, 18:00 PM

Spain to cut taxes for digital nomads

The Spanish government adopted Friday measures to attract so-called digital nomads -- remote tech workers who can do their job from anywhere with a good internet connection.
11 December 2021, 18:00 PM

US inflation surges to near 40-year high, testing Biden

US consumer prices rose last month at a rate not seen in nearly 40 years, the government reported Friday, underscoring how inflation threatens the world’s largest economy and President Joe Biden’s public support.
11 December 2021, 18:00 PM

FDI imperative for Bangladesh: gains and strategic options

Over the past five decades, Bangladesh managed to transition to an increasingly manufacturing-based and service-oriented economy and fared well in social indicators. It has registered average gross domestic product (GDP) growth rates of more than 6 per cent in the last 10 years and over 8 per cent in the fiscal year 2019.
11 December 2021, 18:00 PM

EU wants new trade powers to fight foreign bad actors

The European Commission on Wednesday launched a bid to equip Brussels with new powers to swiftly retaliate against efforts by foreign governments to undermine the European economy and businesses.
9 December 2021, 18:00 PM

Apple inches closer to $3t market cap

Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world’s fifth largest economy after Germany, just over a year after breaching the $2 trillion mark.
9 December 2021, 18:00 PM

Turkey and Qatar agree on currency swap deal

Turkey and Qatar have agreed to extend a currency swap deal between their central banks amid the Turkish lira plunging in value fuelling an economic crisis.
8 December 2021, 19:42 PM

Ford invests $900m to modernise Thai auto plants

Ford Motor Co. is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest SUV, its largest-ever investment in the country.
8 December 2021, 18:00 PM

Omicron sets back airline industry’s recovery hopes

New travel restrictions prompted by the Omicron coronavirus variant have set back the nascent recovery in international flights, creating delays and headaches in some regions, according to airline and airport officials.
8 December 2021, 18:00 PM

Saudi Arabia, Oman ink deals worth $30b

Saudi Arabia signed agreements with Oman potentially valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.
8 December 2021, 18:00 PM

S Africa economy shrinks for first time in a year

South Africa’s economy shrank for the first time in a year in the third quarter as the country was hit by riots and tighter Covid restrictions, official statistics showed Tuesday.
7 December 2021, 18:00 PM