Business

Hong Kong, Aug 16 : Hong Kong’s government announced tax cuts and higher social spending Thursday to reverse a deepening economic slump aggravated by anti-government protests and the U.S.-Chinese tariff war. The territory’s financial secretary, Paul Chan, cut this year’s official growth forecast to 0 to 1%, which could be the worst performance since 2009 during the global financial crisis. ...

For the Islamic festival of Eid Al-Adha*, leading international relief charity Islamic Relief partnered with the East London Mosque & London Muslim Centre to distribute 100 bags of Qurbani** meat in the local community. Many recipients of the meat are from less fortunate backgrounds, including struggling families, single parents, as well as Kashmiri residents who are unable to return home ...

Photo: Indian Prime Minister Narendra Modi, left, gestures as he receives Abu Dhabi’s Crown Prince, Sheikh Mohammed bin Zayed Al Nahyan at the airport in New Delhi, India. Dubai, Aug 15 : Gulf Arab countries have remained mostly silent as India’s government moved to strip the Indian-administered sector of Kashmir of its limited autonomy, imposing a sweeping military curfew in ...

  Pakistani superstars, Mahira Khan and Bilal Ashraf, have been announced as international ambassadors for Barnardo’s – the UK’s leading and largest children’s charity. The announcement was made on Wednesday 7th August at an exclusive event at Twitter HQ, where the actors took part in a panel discussion with Barnardo’s Chief Executive, Javed Khan. The discussion, chaired by UK TV presenter and long-time Barnardo’s ambassador Sonali Shah, looked at the impact of social media on young ...

China’s auto sales sank again in July, extending a yearlong contraction in the industry’s biggest global market. Sales of sedans, SUVs and minivans declined 3.9% from a year earlier to 1.5 million, according to an industry group, the China Association of Automobile Manufacturers. Sales of electric and hybrid vehicles suffered a rare decline in sales that had risen steadily this ...

China’s yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing’s trade war with President Donald Trump. The yuan declined to 7.0562 to the dollar before strengthening to 7.0388 at midday. That came a day after Beijing sent global financial markets tumbling by allowing the currency to fall past the politically sensitive level of ...

Dhaka, Jul 31 : Bangladesh Bank does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials. Bangladesh Bank government Fazle Kabir and other deputy governors informed reporters about it while responding to questions on the issue while unveiling the monetary policy statement (MPS) at a press conference at the central bank ...

France will go ahead with a digital tax, Economy Minister Bruno Le Maire said Friday, shortly after US President Donald Trump threatened “substantial” retaliation over Paris targeting top US tech companies. “Universal taxation of digital activities is a challenge for us all. We want to reach an agreement within the G7 and the OECD. In the meantime, France will implement ...

Japanese car giant Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media said Wednesday, citing company sources. The cuts come after Nissan announced in May it would trim 4,800 jobs from its global workforce of around 139,000. Nissan’s net profit fell to a near-decade low in the last ...

  The UK Bangladesh Catalysts of Commerce & Industry (UKBCCI), the leading umbrella business organisation, which aims to bring together and nurture successful British-Bangladeshi entrepreneurs in the UK and Bangladesh, is proud to announce the launch of its annual Business & Entrepreneur Excellence Awards 2019 and Gala Dinner, to be held on 6th  October 2019, at the London Hilton Park ...