Home / Business (page 12)

Business

France in huge coronavirus recovery plan focusing on green energy

France has unveiled a 100bn-euro (£89bn) economic stimulus package to help repair the economic damage caused by coronavirus. President Emmanuel Macron’s government said the investment would include big spending on green energy and transport. Dubbed “France re-launch”, it is aimed at reversing rising unemployment, and includes tax cuts for business. The economy shrank by 13.8% between April and June, the ...

Read More »

Amazon to create 7,000 new UK jobs

Online retail giant Amazon has said it will create a further 7,000 UK jobs this year to meet growing demand. Amazon said it had already added 3,000 roles so far in 2020, and so by the end of the year it will have created a total of 10,000 new jobs. This will take its total permanent UK workforce to more ...

Read More »

Bangladesh receives $1.96 billion remittance in August

Expatriate Bangladeshis sent around US$1,963.94 million remittance during the month of August in the fiscal 2020-21 which is the second highest in the country’s history, according to the latest data of Bangladesh Bank (BB). Earlier, the monthly inflow of remittance hit an all-time high in July this year, which was $2,598.21 million. In August of this fiscal year, six state-owned ...

Read More »

Khulna crab farmers eyeing post-lockdown resumption of export

Though crab exports remain paused due to coronavirus pandemic, farmers in and around Khulna are hopeful of a resumption being just around the corner. As a result they are waiting for the resumption, rather than bringing their latest catch to the local markets where they can never get the same price as they get from exporting. Crab farmers hope that ...

Read More »

Zoom revenues skyrocket as profits double

Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis. Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts’ expectations of $500.5m. Profits soared to $186m, while customer growth rose 458%, compared with the same period in 2019. Video conferencing apps remain crucial ...

Read More »

Covid-19 response: SIA operates 2nd flight to Dhaka

Singapore Airlines has operated the second flight to Dhaka in partnership with Temasek Foundation to support World Food Programme and the global Covid-19 response. Singapore Airlines (SIA) and the Temasek Foundation are partnering with the World Food Programme (WFP) to support the global Covid-19 response to help transport essential medical supplies and other health and humanitarian items to points of ...

Read More »

Chittagong now 58th busiest port in the world

Chittagong Port has moved six notches up to become the 58th busiest container port among 100 top ports across the world, according to London-based journal on ports and shipping Lloyd’s List. The new chart of Lloyd’s List of One Hundred Ports was published recently which tallied annual container throughput figures of the world’s busiest port facilities in 2019. Chittagong Port ...

Read More »

Virus lockdowns give major boost to e-commerce

While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost. Recent data shows a shift to shopping online — according to Kantar consulting group, international e-commerce grew 41 percent in only three months compared with 22 percent growth for 2020 as a whole to ...

Read More »

Tk 2.46bn project to boost hilsa production

In a fresh move, the government is going to pick up a new scheme to increase hilsa production further so that the national fish is available all round the year. A Tk 2.46 billion project titled ‘Hilsha Resource Development and Management’ has been proposed to be implemented by June 2024 with this regard, the Planning Commission sources said. The move ...

Read More »

Rolls-Royce reports record loss as travel slumps

Engineering giant Rolls-Royce, which makes jet engines, has reported record losses after the coronavirus pandemic caused demand for air travel to slump. The firm announced a pre-tax loss of £5.4bn for the first half of this year. Chief executive Warren East told the BBC he did not expect demand to recover to late-2019 levels for five years. On Wednesday, it ...

Read More »