India set to clear Boeing 737 Max to fly again soon

India is set to allow Boeing Co’s 737 Max jets to resume flights in the country within days, Bloomberg News reported on Thursday, citing a person familiar with the matter.
12 August 2021, 18:00 PM

UK card spending rises to 99pc of pre-pandemic level

Spending on credit and debit cards in Britain rose in the week to Aug. 5 to 99 per cent of its level just before the pandemic in the week, up by 4 percentage points from the week before, according to payment data provided by the Bank of England.
12 August 2021, 18:00 PM

China urges automakers to strengthen data protection

The Chinese government has asked automakers to strengthen data security and store key data generated locally in the country. 
12 August 2021, 18:00 PM

China signals crackdown on privacy, data, anti-trust to go on

China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners, the national leadership said in a document published late on Wednesday. 
12 August 2021, 18:00 PM

UK economy rebounds in Q2

Britain’s economy rebounded 4.8 per cent in the second quarter as the government began relaxing lockdown restrictions, official data showed Thursday.
12 August 2021, 18:00 PM

Kuwait’s economic makeover under threat

Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy. 
12 August 2021, 18:00 PM

Delta knocks oil demand outlook

Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the Covid-19 Delta variant, the International Energy Agency said on Thursday.
12 August 2021, 18:00 PM

US consumer inflation slows in July

US consumer prices jumped again in July, as spiking gasoline prices continue to fuel inflation, prompting the White House on Wednesday to call for oil producers to open the taps to boost supply.
12 August 2021, 18:00 PM

Exxon, Chevron look to make renewable fuels

US oil major Exxon Mobil Corp, along with Chevron Corp, is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.
12 August 2021, 18:00 PM

Cyber security firm Norton buys Avast for $8b

US cyber security giant NortonLifeLock is to buy Czech rival Avast for over $8 billion to create a leading consumer business, the pair announced Wednesday after the pandemic fuelled online activity.
11 August 2021, 18:00 PM

Chip shortage prompts production halt at Volvo

Volvo Cars, owned by China’s Geely Holding, will temporarily stop production at its Swedish plant in Gothenburg due to the shortage of semiconductor chips, it said on Wednesday.
11 August 2021, 18:00 PM

China auto sales tumble for a third straight month

China’s vehicle sales slid in July for a third consecutive month, hit hard by flooding in some areas of the country, Covid-19 outbreaks in other areas and the global shortage of semiconductors. 
11 August 2021, 18:00 PM

US Senate approves $3.5tr spending plan

The US Senate approved a $3.5 trillion spending blueprint for President Joe Biden’s top priorities early on Wednesday morning in a 50-49 vote along party lines, after lawmakers sparred over the need for huge spending to fight climate change and poverty.
11 August 2021, 18:00 PM

China to fund 21 dev projects of Myanmar

China will transfer over $6 million to Myanmar’s government to fund 21 development projects, Myanmar’s foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on February 1.
11 August 2021, 18:00 PM

Chinese firm to maintain Bangabandhu bridge

China Communications Construction Company will be tasked with ensuring maintenance of the Bangabandhu bridge for the next five years for Tk 170 crore.
11 August 2021, 18:00 PM

US Senate to vote on passage of $1tr infrastructure bill

The US Senate has set a Tuesday vote on passage of a $1 trillion bipartisan infrastructure bill that is one of President Joe Biden’s top priorities, and then will immediately begin to debate a more far-reaching $3.5 trillion bill.
10 August 2021, 18:00 PM

Tesla sold 32,968 China-made vehicles in July

US electric vehicle maker Tesla Inc sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday.
10 August 2021, 18:00 PM

InterContinental Hotels profits from travel rebound

InterContinental  Hotels Group on Tuesday announced a return to first-half profits as  vaccination rollouts and the lifting of lockdowns boosted travel demand.
10 August 2021, 18:00 PM

StanChart CEO says firms must act on climate change

Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather take more action themselves, Standard Chartered CEO Bill Winters said on Tuesday.
10 August 2021, 18:00 PM

Switch to online AGMs gains pace despite concerns

A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently.
10 August 2021, 18:00 PM