Home / Business (page 41)

Business

Samsung predicts profit decline as chip market swoons

Samsung Electronics on Tuesday predicted its operating profit for the last quarter will fall by more than half from a year earlier amid sluggish global demand for computer chips. The South Korean technology giant estimated an operating profit of 7.7 trillion won ($6.4 billion) for the July-September quarter, which would be a 56.2% drop from the same period last year. ...

Read More »

BIMAN BANGLADESH AIRLINES RETURN TO MANCHESTER AIRPORT FROM NEW YEAR

The national flag carrier of Bangladesh today announced its return to Manchester Airport, with a new service to Sylhet and Dhaka set to start in the New Year. Biman Bangladesh Airlines will fly three times a week from the UK’s northern hub to the Bangladeshi capital and Sylhet, one of the two world’s biggest cities. The news was announced at ...

Read More »

Business economists foresee slowdown in US growth

Washington, Oct 7 : The nation’s business economists think President Donald Trump’s trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with the National Association for Business Economics shows they expect growth, as ...

Read More »

BMW to recall defective vehicles in China

German auto brand BMW will recall 45 cars in the Chinese market due to problems in engine control modules, according to China’s market regulator. The recall, starting October 25, will involve a component of imported i3 electric cars manufactured between January 9 and February 21, 2019, according to a statement by the State Administration for Market Regulation, reports Xinhua.The defect ...

Read More »

US unemployment rate falls to 50-year low of 3.5%

The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data. The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month, reports BBC.In addition, August data was revised up to 168,000 jobs created instead of the previously reported 130,000. ...

Read More »

‘Village Supermarket’ in Khulna fails to take off

Opened amid much fanfare over a year back, the ‘Village Supermarket’ in Dumuria upazila to facilitate farmers to sell their agricultural commodities at fair prices, has failed to pick up the pace, clouding its much-hyped goals. Non-availability of loans by farmers, the reluctance of buyers to measurement through metre scales and lack of sincerity of the implementing agency are said ...

Read More »

FBCCI team off to India to attend India Economic Summit

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), led by its President Sheikh F Fahim, left  Dhaka for India to attend the Indian Economic Summit of the World Economic Forum and India – Bangladesh Business Forum. The two days summit World Economic Forum (WEF) will be held from October 3 to 4, organized in collaboration ...

Read More »

WTO warns trade wars threaten living standards and jobs

The World Trade Organization has slashed its forecast for trade growth this year by more than half, warning the slowdown could hit living standards and jobs. The WTO said it expected trade volumes to grow by just 1.2% in 2019, down from the 2.6% it predicted in April.It also cut its global economic growth forecast from 2.6% to 2.3%. It ...

Read More »

Saudi prince warns of ‘unimaginable’ oil prices

In a television interview, Saudi Crown Prince Mohammed bin Salman called for global action against Iran and warned that oil prices could otherwise rise astronomically. Bin Salman blamed Iran for the September 14 attack on Saudi oil facilities that cut its production by half and led to a spike in oil prices, reports Deutsche Welle. “If the world does not ...

Read More »

Japan delivers long-delayed consumption tax hike

Japan has increased its consumption tax for the first time in five years, bringing the long-delayed policy into effect despite concerns it may knock the economy. On Tuesday, the country raised its sales tax rate from 8% to 10%. The new rate applies to nearly all goods and services, though most food will be exempt, reports BBC.Past sales tax rises ...

Read More »