Business

The International Monetary Fund has warned a trade war between the US and China risks making the world a “poorer and more dangerous place” in its latest assessment of the global economy. The IMF has lowered its forecast for global growth this year and next.   It said that a full-blown trade war between the US and China would put ...

German industrial production slipped again in August, official data showed Monday, amid fears that a global trade war could erupt.   Production for August declined 0.3 percent from July, well under the expectation of a rebound of 0.15 percent forecasted by analysts surveyed by Factset financial services.  The fall was however less severe than in July when industrial production dropped ...

Tokyo’s world-famous Tsukiji fish market has held its final pre-dawn tuna auction before being relocated to a new site. The world’s largest fish market, which has been in operation for 83 years, is being moved as part of the redevelopment for the 2020 Olympic Games.   The famed tuna auctions are a popular tourist attraction in the Japanese capital.   ...

Samsung Electronics expects to post record operating profit in the third quarter, helped by strong demand for its memory chips. The South Korean electronics giant is forecasting operating profits of around 17.5 trillion won ($15.5bn; £11.9 bn), up 20.4% from a year ago.   The guidance is above analyst estimates for the period, boosted by its thriving chip business.   ...

China’s Tencent Music has filed a much-anticipated request to list its shares in the US, in what could be one of the biggest US initial public offerings by a Chinese company. Tencent Music’s parent firm is China’s tech giant Tencent Holdings. Other shareholders include Spotify.   It includes digital streaming apps QQ Music, Kugou and karaoke app WeSing.   The ...

The inaugural Asian Restaurant and Takeaway Awards (ARTA), the most  prestigious celebration of South Asian cuisine in the UK, paid homage to the UK’s  finest curry houses at the InterCont inental London – The O2 on the evening of 30th September 2018. ARTA 2018 welcomed a guest list of the nation’s most respected curry  restaurateurs alongside MPs, dignitaries and celebrities ...

Dhaka, Oct 2 : A Memorandum of Understanding (MoU) was signed on Tuesday between Bangladesh Jute Mills Corporation (BJMC) and Futamura Chemical Ltd., a United Kingdom-based company, for producing ‘Sonali Bag’ commercially. Sonali Bag is a biodegradable and environment-friendly jute-made ploy bag. BJMC Secretary AKM Tareq (Deputy Secretary) and Graeme Coulthard, general manager of Futamura Chemical Ltd., signed the MoU ...

President Donald Trump has discussed global crude oil prices with Saudi King Salman in a telephone call amid the American leader’s call for OPEC to bring down energy prices. The state-run Saudi Press Agency reported the call late Saturday night, saying “the efforts to maintain supplies to ensure the stability of the oil market and ensure the growth of the ...

In an instructional television program about table tennis on the state-run sports channel, every ball, paddle and shirt bear the logo of “Naegohyang,” one of North Korea’s most recognizable brands. A documentary about the Pyongyang Maternity Hospital ends with new mothers being handed smartly packaged disposable diapers — with the local brand featured prominently. Has North Korea discovered the art ...

An Indian coffee shop chain rhyming with Starbucks and with a similar logo has agreed to change its name after being sued by the US giant, the Indian firm said Friday.   Starbucks, which entered the vast Indian market in 2012 and now has 125 outlets, began legal proceedings against “SardarBuksh”, which has 25 shops in New Delhi, in July.  ...