Home / Business (page 22)

Business

e-commerce providers allowed to deliver food items

The government has allowed e-commerce providers to deliver food items, books, electronic gadgets and dresses to customers’ doorsteps adopting proper safety measures. The Commerce Ministry issued a notification in this regard, saying the step was taken in a bid to make people’s lives easier during Ramadan. “The kitchens of those restaurants who are in contracts with different e-commerce providers will ...

Read More »

UK car sales crash to 1946 low on virus lockdown

Britain’s new car sales crashed in April to hit the lowest level since 1946, mirroring falls across Europe, with many showrooms shut for the coronavirus lockdown, industry data showed Tuesday. New registrations for all cars collapsed by a “precipitous” 97 percent last month on a yearly basis to just 4,321 vehicles, the Society of Motor Manufacturers and Traders (SMMT) said ...

Read More »

Samsung Bangladesh launches Galaxyshopbd.com

To ensure the safety of the customers amid coronavirus outbreak, Samsung Bangladesh has launched an online ordering platform Galaxyshopbd.com. The platform will offer free delivery nationwide within 72 hours (Terms & Conditions Apply), said a press release on Monday. All home delivery will be made while taking the necessary health and safety precautions. Payments can be made either through bKash ...

Read More »

Warren Buffett’s company Berkshire Hathaway sells US airline shares

Warren Buffett made the announcement at the firm’s virtual annual shareholders’ meeting Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines. Speaking at the annual shareholders’ meeting, Mr Buffett said “the world has changed” because of the coronavirus. He then said he had been wrong to invest in ...

Read More »

Apple boosted by streaming services despite lockdown

Apple saw growth for the first three months of the year, as falling device sales in China were offset by demand for its streaming services due to the coronavirus lockdown. Sales climbed to $58.3bn (£46.2bn), up from $58bn in the same period in 2019 and beating expectations of $54.5bn. Apple boss Tim Cook said the firm saw a “record for ...

Read More »

Are ‘anti-virus’ cars in China just a gimmick?

Car makers in China are tapping into health concerns by launching vehicles with anti-virus features. New models aim to provide the same level of protection inside the cabin as wearing a face mask.Some of the country’s biggest carmakers have launched new cars with such features including Geely, which also makes London black cabs, BBC reported. Geely was the first brand ...

Read More »

Shell cuts dividend for first time since WW2

Royal Dutch Shell has cut its dividend for the first time since World War Two following the collapse in global oil demand due to the coronavirus pandemic. The energy giant also suspended the next tranche of its share buyback programme.The move came as it announced a 46% fall in first-quarter net income to $2.9bn (£2.3bn). Chief executive Ben van Beurden ...

Read More »

British Airways set to cut up to 12,000 jobs

LONDON, April 29, 2020 :  British Airways is set to slash up to 12,000 jobs as part of a restructuring plan forced on the carrier by the fallout from the novel coronavirus, its parent company IAG said on Tuesday. The firm said its plans were still under consultation but it was “likely that they will affect most of British Airways’ ...

Read More »

Around 25 lakh MFS accounts so far opened in RMG sector

Around 25 lakh Mobile Financial Service (MFS) accounts have been opened in the readymade garment (RMG) sector since April 4 in line with a government’s move to provide salaries and allowances to its workers and employees through mobile banking. The accounts have been opened through three MFS providers – Bkash, Rocket and Nagad, said a media statement of Bangladesh Garment ...

Read More »

Nokia clinches $1bn deal with India’s Airtel

Finnish network equipment maker Nokia has secured a multi-year contract to boost the capacity of one of India’s largest mobile operators, the firm announced on Tuesday. The deal, which an industry source told AFP is valued at almost $1 billion (924 million euros), will see Nokia deploy 300,000 new radio units across the country by 2022, boosting network capacity and ...

Read More »