Business

Disney theme Park on Tuesday decided to lay-off 28,000 people in the United States as the coronavirus pandemic hits its parks and resorts business. Around 67 percent employees who are losing their jobs are part-timers, Disney sayd, reports CNN. Disney has been hit by the coronavirus pandemic in many ways, but its theme parks and resort business has arguably taken ...

All seven members of South Korean K-pop group BTS are set to become multi-millionaires, when their label Big Hit Entertainment goes public in October. Soaring demand for shares in Big Hit has given it a market valuation of £3.2bn ($4.1bn), with shares priced at the top of the expected price range. Big Hit boss Bang Si-hyuk, who owns 43% of ...

Uber can keep operating in London after the ride-hailing company won a court appeal on Monday against the refusal by transit regulators to renew its license. The U.S. company had challenged Transport for London’s decision in late 2019 not to renew its private hire vehicle (PHV) operating license over safety concerns involving imposter drivers. “Despite their historical faillings, I find ...

The US-Bangla Airlines has decided to operate two weekly flights on the Dhaka-Muscat-Dhaka route from the beginning of the next month. Health protocols will be followed properly during the flights on Mondays and Thursdays, the private airlines said. The flights will leave Dhaka for Oman’s capital at 10pm. Return flights will depart for Bangladesh at 2am (local time). International flights ...

Singapore will be the first country in the world to use facial verification in its national identity scheme. The biometric check will give Singaporeans secure access to both private and government services, BBC reported. The government’s technology agency says it will be “fundamental” to the country’s digital economy. It has been trialled with a bank and is now being rolled ...

Saudi Arabian Airlines has begun the sale of tickets for second day to migrant workers as hundreds of ticket-seekers wait in line outside the Airlines’ office in Karwan Bazar area in the capital. The sale started around 10:00 am on Friday at the Pan Pacific Sonargaon Hotel. Saudi Airlines officials said that 350 token holders have been called on Friday ...

Major carmakers are suing the US government over import taxes it has imposed on Chinese parts. Tesla, Volvo, Ford and Mercedes-Benz are all unhappy with the customs duties introduced by the Trump administration and are demanding refunds, BBC reported. The US and China have imposed border taxes on each other’s goods and services as part of a trade war. Tensions ...

The prices of gold have decrease by Tk 2,449 to Tk 74,008 a bhari (11.66 grams) in the local market from Thursday, said Bangladesh Jewellers Samity. The Samity took this decision because of a decline in the price of gold in the international market. The Bangladesh Jewellers Samity in a press release on Thursday announced the decreased price with effect ...

A former real estate tycoon and an outspoken critic of China’s President Xi Jinping has been sentenced to 18 years in jail on charges of corruption. A court in Beijing found Ren Zhiqiang “guilty of corruption, bribery and embezzlement of public funds”, said state media outlet the Global Times. He will also have to pay a fine of 4.2m yuan ...

Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases. Australia, Hong Kong, China and South Korea stock markets were all down. Investors were also rattled by dimming hopes for more financial support for the US economy. However, European markets opened slightly higher on Tuesday and London’s 100 ...