Business

UK pharmacy giant Boots on Thursday said it will cut more than 4,000 jobs after the country’s coronavirus lockdown slashed sales, especially affecting its opticians. US-owned Boots said it planned “significant restructuring across its head office, store teams and opticians… resulting in a reduction of its headcount of more than 4,000 and the closure of 48 Boots Opticians stores”. Boots ...

United Airlines says up to 36,000 of its workers could be furloughed due to the coronavirus pandemic. That amounts to almost half of the company’s total US-based frontline workforce. “Throughout this crisis, we have been honest and direct with you about our need to right-size our workforce to match travel demand,” it said, BBC reported. The carrier said it expects ...

State Minister for Labour and Employment Begum Monnujan Sufian said that the ministry has donated Tk 84 crore for the welfare of garments industry workers from its central fund. The State Minister came up with the remarks in a meeting of central fund at the Ministry on Tuesday, according to a press release issued on Wednesday. “So far, the ministry provided TK 83.71 crore to the ...

Ridesharing company Uber on Tuesday started 24/7 rentals service ‘Uber Rentals’ allowing riders to book a car and its driver for several hours at a stretch and make multiple stops on a journey. The new rental service will start with a price of Tk 899 for 2hours/20km, said a press release. During riding the Uber Rentals health safety guidelines and ...

    In the wake of Cyclone Amphan this May, Yorkshire-based International Humanitarian Charity, Penny Appeal, established themselves on the frontline of the emergency within days to provide urgent humanitarian aid to the survivors of the worst cyclone since 2007. The deadly tropical cyclone claimed the lives of 128 people after causing a landfall near Jammu Island, West Bengal. An ...

The Livestock Department of the district has taken initiative to sell sacrificial animal through online to help the marginal cattle farmers in different upazilas of the district who are in dire straits due to the deadly coronavirus ahead of Eid-Ul-Azha. This year the cattle farmers are in trouble as the coronavirus has become an epidemic in the district. The marginal ...

The UK will plow 800 million pounds ($1 billion) into job centers in an effort to cope with a surge in unemployment in the wake of the coronavirus pandemic. The government will double the number of work coaches to 27,000 to help benefit claimants back into work, with an initial 4,500 hires by October, the Treasury said late Saturday in ...

Bangladeshi startup Dataful has received an amount of an 5,000USD as grant from Amazon  at the Startup Istanbul Acceleration Progamme . This grant will be used to develop infrastructures of Dataful, said a press release on Saturday. Amazon also provides this grant through application. In that case, the amount of the financial grant is worth 1,000USD in a year. Entrepreneurs ...

Japan has asked the US to extradite a former special forces soldier and his son for allegedly helping ex-Nissan boss Carlos Ghosn flee Japan last year. Ex-Green Beret Michael Taylor and his son Peter were held in Massachusetts in May, several months after Japan had issued warrants for their arrest. The US authorities confirmed a formal extradition request was submitted, ...

Tesla has become the world’s most valuable carmaker, overtaking Japan’s Toyota, after its stock hit a record high. Shares in the electric carmaker touched $1,134 on Wednesday morning before falling back, leaving it with a market value of $209.47bn (£165bn). That is roughly $4bn more than Toyota’s current stock market value. However, Toyota sold around 30 times more cars last ...