Business

Bangkok, May 1 : Financial markets were mostly closed in Asia on Wednesday for holidays after Wall Street capped a wobbly trading session with meager gains. Australia’s S&P ASX 200 rose 0.8% on Wednesday after ANZ reported a 2% increase in its profit, kicking off the earnings season for the country’s Big Four banks. New Zealand’s benchmark fell 0.6%. There ...

Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue, powered by an unexpected boost in Windows revenue and brisk growth in its cloud business which has reached tens of billions of dollars ...

Tehran, April 29 : Iran exported 16,326 tons of tea worth 19 million U.S. dollars to 37 countries in the last Iranian year from March 2018-2019, Eghtesadonline reported on Sunday. The figures registered a 11.4-percent rise in weight and 2.3-percent rise in value compared with the previous year. The main importers were India, Uzbekistan, Tajikistan, Turkmenistan, Afghanistan, Iraq, Canada, Australia, ...

Anti-tobacco campaigners and academics here today demanded that the government impose higher tax on tobacco products — both smoking and smokeless — to increase the prices so that people are discouraged from using them. They also demanded reducing the price category of cigarette from four to two, merging the price categories of bidi (locally made cigarette) into one, and imposing ...

Muslim Aid greets this Ramadan (Sunday 5 May to Tuesday 4 June) with a unique focus on channelling charitable donations to wherever the actual “need is greatest.” Picture a destitute Syrian refugee in Lebanon in need of shelter, or a traumatised Rohingya family in Bangladesh in need of clean water. The Need is Greatest campaign is being executed with a burst of modernity, using ...

The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise about $10bn. As part of the offer it will sell $500m worth of shares to payment giant, PayPal. Uber warned earlier this month that it may never make a profit.The IPO price values the company below ...

Ansar Ahmed Ullah:  A new programme on Ch 4 titled ‘The Curry House Kid’ is being broadcasted on coming Monday 29 April on Channel 4 at 10pm. The Curry HouseKid brings world-renowned choreographer Akram Khan back to the curry houses of his youth to create a new piece of dance that tells the story of immigrant identity. Akram Khan, who grew ...

The online retailer and cloud computing provider said net profit more than doubled to $3.56bn (£2.76bn), beating analyst estimates. Revenue growth slowed, however, in part because of weaker sales outside the US. Sales rose 17% to $59.7bn. It expects sales growth of 13% to 20% for the next three months. And expenses growth slowed, albeit to a rate of 12.6%. ...

Britain has broken its record for the longest continuous period without generating electricity from coal. National Grid said that the coal-free period lasted more than 90 hours before coming to an end on Monday afternoon.It is the longest period since the industrial revolution and breaks the previous record set in April 2018 of 76 hours and 10 minutes. The government ...

Rubana Huq took the charge of the office of BGMEA president on Saturdayas the first female business leader to steer the trade body for the next two years. Outgoing President Md Siddiqur Rahman handed over the charge to Rubana at a ceremony at the new office of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in city’s Uttara. Rubana, managing director ...