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Business

China sets new economic growth target

5 March, 2016 China’s National People’s Congress has set the country’s growth target for 2016 in a range of 6.5%-7%.   Premier Li Keqiang will announce the target in his address to delegates, according to the text of his speech.   The annual congress in Beijing sets out to determine both the economic and political agenda for the country.   ...

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This is how Volkswagen is going to fight on in America

5  March, 2016 Volkswagen T-Cross Breeze concept. Volkswagen is having a hard time selling cars in the US right now.   VW reported on Tuesday that its US sales plunged more than 13% last month.   For the year, Volkswagen sales are down nearly 14%.   At a time when many of its rivals are reporting double-digit growth in a US ...

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India just stunned the gold market

5 March, 2016 An employee displays gold models of elephants at the “Gem and Jewellery India International Exhibition 2013” (GJIIE) in the southern Indian city of Chennai I wrote a few weeks ago about record slowdowns in gold sales across India. With buyers in the world’s number-one consuming nation holding off on purchases ahead of an expected cut in import ...

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Singapore Airlines launches Spring promotion

Singapore Airlines launched their Spring Promotion 2016 to 18 exciting destinations such as Bali, Bangkok, China, Japan, Kuala Lumpur and Singapore. An all-inclusive return fare to Singapore starts at BDT 39,175. These special fares are on sale from now till 29 February 2016 for travel from 1 March to 31 May 2016 and applicable for flying out of Dhaka only. ...

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All banks asked to install anti-skimming devices in ATM booths

Bangladesh Bank asked to all 56 commercial banks of the country to install anti-skimming devices at their ATM booths to tackle fraudulent activities. The central bank also asked to use transparent glass in all ATM booths. Bangladesh Bank Executive Director Subhankar Saha on Wednesday made the statement while talking to journalists after emerging from a meeting with all commercial banks ...

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Japanese shares plunge amid global economic worries

Japan’s markets were trading sharply lower on Friday amid concerns over the global economy and following steep falls in Europe and the US. The benchmark Nikkei 225 opened down more than 3.5% at 15,122.06 points. It continued to fall in early trade to below the psychologically important level of 15,000 points, marking its lowest level since late 2014. Shares then ...

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Chef Online’s Road Show in Sussex

Chef online organised a road show in Sussex as part of it’s contentious road shows in different cities in the UK.  This time it was held in Bexhill city in Sussex on 25th January. Community leader and local businessman Abdul Mokit presided over the Road Show which was held in a local restaurant. Guests who addressed the audience included Managing ...

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Chinese shares recover early losses after rout

Mainland Chinese shares recovered early losses amid volatile swings, following Monday’s suspension of trading which led to a global equities sell-off. The Shanghai Composite was up 0.8% at 3,324.27 after opening more than 3% lower, while the Hang Seng also changed direction to head up 0.1% to 21,342.09. Trading in Shanghai was suspended early on Monday under a new rule ...

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Biman to induct 2 Boeing aircraft

Biman Bangladesh Airlines has decided to add at least two Boeing aircraft to its fleet, aiming to tackle its aircraft shortage after the phase-out of its decades-old two Airbus aircraft. The national flag carrier has floated two tenders in this connection to take the aircraft under dry lease (only aircraft) system for 60 months, UNB reports quoting Biman officials involved ...

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Npower to pay £26m over billing and complaint failures

Energy firm Npower is to pay £26m after it sent out inaccurate bills and failed to deal with complaints correctly, Ofgem has said. The energy watchdog said Npower was to pay the record settlement “for failing to treat customers fairly”. Npower’s billing issues affected more than 500,000 customers between September 2013 and December 2014. Ofgem said the £26m would be ...

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