Business

The UK’s unemployment rate rose to 4.8% in the three months to September, up from 4.5%, as coronavirus continued to hit the jobs market. Redundancies rose to a record high of 314,000 in the same period, the Office for National Statistics (ONS) said. Firms made more workers redundant in anticipation of the end of the furlough scheme, which was originally ...

Bangladesh Telecommunications Regulatory Commission (BTRC) is expected to earn $2.8 million revenue for allocating 10mhz spectrum to metro rail project. In this regard, BTRC has placed a proposal to posts and telecommunications division for approval it, BTRC sources said. Dhaka Mass Transit Company Ltd (DMTCL) under the ministry of roads and bridges applied for allocating 2.5GHz band spectrum on May ...

Biman resumed its flights on the route on 1 November with three weekly flights. However, within a week, it suspended its operations following passenger shortage Biman Bangladesh Airlines has suspended its flight on the Dhaka-Kolkata route for indefinite period from next 12 November due to passenger crisis within a week of resumption. The fight suspension information was revealed in the notice ...

Luxury carmaker Bentley has unveiled plans to go fully electric by 2030. Before then, the brand will be switching its model range to offer only plug-in hybrid or battery electric cars by 2026. Volkswagen-owned Bentley also aims to be completely carbon neutral across its manufacturing within a decade, BBC reported. Electric cars are growing in popularity and sales have tripled ...

Walmart said Friday it is selling its operations in Argentina to Grupo de Narvaez, which will cause the global retail giant to take a $1 billion loss. The sale ends 25 years of operations in the country, where Walmart built a chain of 90 stores with 9,000 employees. “Due to our decision to divest of this business, we will record ...

Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp. reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Quarterly sales slipped ...

The Cabinet Committee on Government Purchase (CCGP) approved a total of eight proposals including four separate ones for procuring some 1.05 lakh metric tons of urea fertilizer. The approval came from the 29th meeting of the CCGP held virtually with Finance Minister AHM Mustafa Kamal in the chair. Briefing reporters virtually after the meeting, Cabinet Division Additional Secretary Dr Abu ...

SpiceJet has started its flight from the country’s commercial capital Chattogram to neighboring country India’s Kolkata route. M Farhad Hossain Khan, Wing Commander of Shah Amanat International Airport (SAIA), inaugurated the flight by cutting a ribbon on Thursday. He also cut a cake to mark the occasion. While speaking in the event, Farhad Hossain said that the Kolkata-bound people, specially ...

Vegetables, fruits and other food items exporting to 50 countries have been stuck for three weeks as defect found at the security scanner of Hazrat Shahjalal International Airport (HSIA) on October 10. After getting complaint by exporters, Commerce Ministry sent letter to Private Civil Aviation Authority on October 13 to repair the machine quickly. According to the letter, the exports ...

German pharmaceuticals and chemicals giant Bayer on Tuesday posted another huge loss in its third quarter as it struggles to manage legal issues surrounding its glyphosate weed killer linked by plaintiffs to cancer cases. The company made a net loss of 2.7 billion euros ($3.2 billion), compared with a profit of 1.05 billion euros in the same quarter last year ...