Business

    Held on February 16, 2021 The Bangladeshi Catering Association hosted a virtual meeting addressing issues within the hospitality industry due to the pandemic. Chief guests in attendance were Sir Keir Starmer MP and Lord Bilimoria CBE – founder and Chairman of Cobra Beer and President of The Confederation of British Industry. BCA President MA Munim; Secretary General Mithu ...

After committing one of the biggest mishaps in banking history, global banking giant Citibank won’t get the almost half a billion dollars it accidentally sent to Revlon’s lenders, a US District Court has ruled on Tuesday. US district judge Jesse Furman in Manhattan said the transfers made on August 11, 2020, were “final and complete transactions, not subject to revocation.” ...

Biman Bangladesh Airlines today resumed its flight to Kathmandu which was suspended from March last year as the Himalayan country stopped on-arrival visa over fears of coronavirus spread. The national flag carrier resumed commercial flights on the route through BG-071 which left Dhaka at 2:40pm with 106 passengers, a Biman Bangladesh Airlines press release said. From now on, regular flights ...

Jaguar Land Rover (JLR) has announced plans to cut about 2,000 jobs from its workforce over the next year. The company said it had started a full review as it prepares to become a “more agile organisation”. It comes after the car maker confirmed its Jaguar brand will be all-electric by 2025 and that it will keep all three of ...

The UK will continue to provide Generalised System of Preferences (GSP) facility for Bangladesh for three more years even after its graduation to a developing country from the least developed one. British High Commissioner to Bangladesh Robert Chatterton Dickson on Wednesday said the UK will provide Bangladesh with the GSP facility up to 2027 so that it can prepare to ...

China is now the EU’s biggest trading partner, overtaking the US in 2020. China bucked a wider trend, as trade with most of Europe’s major partners dipped due to the Covid-19 pandemic. Trade between China and the EU was worth $709bn (€586bn, £511bn) last year, compared with $671bn worth of imports and exports from the US. Although China’s economy cratered ...

Fake reviews for products sold on Amazon’s Marketplace are being sold online “in bulk”, according to Which? The consumer group found 10 websites selling fake reviews from £5 each and incentivising positive reviews in exchange for payment or free products. It suggested the firm was facing an “uphill struggle” against a “widespread fake reviews industry”. An Amazon spokesman said: “We ...

The chief executive of Australian casino group Crown Resorts has quit amid a scandal over money laundering allegations within its casinos. Ken Barton’s departure follows that of several other company directors. Last week an inquiry found Crown was not fit to hold a gaming licence in New South Wales, meaning it cannot operate its newly built casino in Sydney. The ...

Traders at Bangladesh’s largest flower market in Jashore’s Godkhali are upset with low demand and declining prices as the nation welcomes Pahela Falgun and celebrate Valentine’s Day amid the coronavirus pandemic. Godkhali florists usually have buoyant sales during February when three events – Pahela Falgun, Valentine’s Day and International Mother Language Day – are celebrated. According to sources, the flower ...

Coca-Cola is to test a paper bottle as part of a longer-term bid to eliminate plastic from its packaging entirely. The prototype is made by a Danish company from an extra-strong paper shell that still contains a thin plastic liner. But the goal is to create a 100% recyclable, plastic-free bottle capable of preventing gas escaping from carbonated drinks. The ...