Business

Mercedes-Benz is to offer an online subscription service in the US to make its electric cars speed up quicker. For an annual cost of $1,200 (£991) excluding tax, the company will enable some of its vehicles to accelerate from 0-60mph a second faster. It comes after rival manufacturer BMW offered a subscription feature earlier this year – for heated seats. ...

Prime Minister’s Private Industries and Investment Adviser Salman F Rahman on Saturday said the existing dollar crisis in banks will be gone by next month. “Necessary goods can be imported ahead of Ramadan and there will be no crisis during the month of Ramadan,” Rahman said while replying to journalists after placing a wreath and paying tribute at Mujibnagar mausoleum ...

Carmaker Jaguar Land Rover (JLR) is reducing output at its factories in Solihull and Halewood until the spring, due to ongoing problems obtaining enough computer chips for new vehicles. The action is expected to affect the output of models such as the Jaguar F-Pace and Land Rover Discovery Sport. The move is understood to be temporary, with JLR focusing on ...

Asian markets rallied Thursday and the dollar weakened further after minutes from the Federal Reserve’s latest policy meeting suggested it could slow its pace of rate hikes. The news provided traders with a cushion against concerns about surging Covid cases in China that have fanned speculation authorities will revert to lockdowns and other economically debilitating measures to fight the outbreak, ...

Taiwanese tech giant Foxconn on Wednesday confirmed overnight “violence” at its vast iPhone factory in Zhengzhou, central China, and vowed to “avoid similar incidents” in the future. In a statement, the company said workers had complained about pay and conditions at the plant, but denied it had housed new recruits with Covid-positive staff.

World oil prices plunged more than five percent Monday, reaching the lowest levels since January, on forecasts of a hit to Chinese demand. Brent North Sea crude slumped 5.5 percent to $82.84 per barrel and WTI shed 5.7 percent to $75.55 as China’s first coronavirus death in six months triggered fears of renewed strict lockdowns in the world’s second biggest ...

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Monday said electricity price will not be increased at retail level now though the bulk tariff has been adjusted upward by 19.92 percent at distribution level. “The new adjustment of power tariff will not be effective for the retail level consumers and it will be effective only for power ...

The telecom regulator has allowed Grameenphone to sell 78,000 SIMs to the army, police, and other government and corporate customers. After a ban on GP SIM sales on June 29, 2022, the Bangladesh Telecommunication Regulatory Commission (BTRC) withdrew its suspension on a number of conditions, according to a notice issued on Sunday, reports UNB. Those include the selective corporate sales ...

The Netherlands and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have discussed further collaboration for the development of Bangladesh’s apparel industry. Dutch Ambassador to Bangladesh Anne van Leeuwen paid a courtesy visit to BGMEA President Faruque Hassan Sunday. They also discussed different issues facing the readymade garments (RMG) industry, including major challenges in the current context of the global ...

The following are the indices of major stock markets worldwide on Saturday. IN ASIA The Shanghai Composite Index had no trading. The Shenzhen Component Index had no trading. The Hang Seng Index had no trading. The S&P/ASX 200 index had no trading. The 225-issue Nikkei Stock Average had no trading. The Straits Times Index had no trading. The Korea Composite ...