Home / Business (page 11)

Business

Apple looks to boost production outside China

Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report added, reports Reuters. Apple last month forecast bigger supply problems ...

Read More »

Pulse prices rise as soaring dollar, Ukraine war hurt imports

With the cooking oil market still to go off the boil, pulse prices are on the rise and some varieties have vanished from the shelves in some areas as the US dollar soaring against the taka amid the Ukraine-Russia war has hurt imports. The prices of flour, for which Bangladesh depends on the imports of wheat, are also rising. Official ...

Read More »

Japan inflation hits seven-year high

Japan’s core consumer prices posted their biggest jump in seven years in April, official data showed Friday, as global commodity prices soared and the yen slumped against the dollar. The core consumer price index, which excludes fresh food, jumped 2.1 percent year-on-year, according to figures released by the internal affairs ministry. It was the first time since March 2015 that ...

Read More »

Indonesia to lift palm oil export ban from Monday

Indonesia will lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday, reports Reuters. The world’s top palm oil exporter has since April 28 halted shipments of crude palm oil (CPO) and some derivative products to try to tame soaring prices of domestic cooking oil. The decision ...

Read More »

UK inflation jumps to 40-year peak

Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data showed Wednesday, deepening a cost-of-living crisis. Consumer prices index inflation hit 9.0 percent in April from 7.0 percent in March, the Office for National Statistics said in a statement. The ONS estimated that this was the highest level since 1982, while it was ...

Read More »

London stock market dips as inflation soars

Europe’s main stock markets wavered at the open on Wednesday, with London sliding on news that UK inflation has spiked to a 40-year peak. The British capital’s benchmark FTSE 100 index dropped 0.2 percent to 7,507.32 points, as official data showed inflation soared to 9.0 percent in April on rocketing energy costs. In the eurozone, Frankfurt’s DAX was marginally lower ...

Read More »

Sony brings zero-carbon goal forward 10 years to 2040

Japanese giant Sony brought forward its deadline for reaching carbon neutrality by a decade on Wednesday, saying it is now targeting net-zero emissions across its business by 2040. The electronics and entertainment firm said the decision was taken “as climate change risks become more apparent and serious worldwide, and the transition to a decarbonised society has become an urgent issue”, ...

Read More »

Increasing tobacco products’ prices demanded

The anti-tobacco campaigning organisations demanded to increase the prices of tobacco products by introducing specific taxes, in a bid to save lives. The demand was made at a press conference arranged by research and advocacy organisation PROGGA (Knowledge for Progress) and Anti-Tobacco Media Alliance (ATMA) at the Tofazzal Hossain Manik Mia auditorium of Jatiya Press Club in the capital on ...

Read More »

TCB postpones sales of soybean oil, other essentials

The government has postponed the sales of groceries to the poor at subsidised prices through its trading arm under the so-called truck sale scheme. The Trading Corporation of Bangladesh on Sunday said it will sell cooking oil, lentil and sugar to 10 million families who have special cards for orderly distribution of the products in June. It took the decision ...

Read More »

Bumper watermelon harvest: Farmers face losses, traders make hefty profit

Watermelon growers are incurring huge losses due to lower price at the growers end but the traders are making hefty profit due to high prices of the summer fruit at the retail level. Farmers have produced a plenty of watermelon in the hope of gaining good profit due to its great demand during the sweltering heat. The bumper production has ...

Read More »