Business

India’s largest car manufacturer Maruti Suzuki has proactively recalled 63,493 certain petrol Smart Hybrid (SHVS) variants of Ciaz, Ertiga and XL6 vehicles, the company said in a statement to the Bombay Stock Exchange late Friday. The vehicles were manufactured by an overseas global part supplier between Jan. 1 to Nov. 21 this year for a possible defect with the Motor ...

State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh, reports BBC. The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.Aramco relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad. The IPO will value ...

The email looked legitimate, so Danielle Radin clicked on the link it contained, expecting to have her products included in a holiday gift guide. “I instantly regretted it,” says Radin, owner of Mantra Magnets, a website that sells wellness products. “It took me to some random website that looked like those pop-ups telling you that you’ve won the lottery.” Within ...

The US is preparing tariffs on $2.4bn (£1.85bn) worth of French exports as retaliation against the country’s new digital services tax, reports BBC. The top US trade official said the new tax, which France approved in July, unfairly targets American tech giants.He said the potential tariffs were intended to deter other countries from taking similar steps. The items that could ...

This year’s Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up $7.4 billion in transactions from their phones, computers and tablets. That’s just behind the $7.9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80 ...

Germany’s unemployment rate was static at 4.8% in November as the labor market remained robust despite the lackluster performance of Europe’s biggest economy. The Federal Labor Agency said Friday some 2.18 million people were registered as unemployed, 24,000 fewer than the previous month and 6,000 fewer than a year earlier. The unadjusted jobless rate – the headline figure in Germany ...

Chinese Company M/s. Y & F Healthcare Ltd. will invest US$ 10 million in Mongla Export Processing Zone (EPZ) to produce diversified products in medical sector. In the presence of Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Major General S M Salahuddin Islam, member of BEPZA Zillur Rahman and Managing Director of M/s. Y & F Healthcare Ltd ...

Emirates on Monday declared that it would add a new daily flight between Dhaka and Dubai considering the increasing trend of Bangladesh’s international travelers, reports BSS. “The fourth daily flight will be operated from June 1, 2020 by a Boeing 777-300ER aircraft with 42 business class and 310 economy class seats,” Emirates’ Bangladesh Country Manager Saeed Abdulla Miran told reporters ...

Photo: Courtesy Bangladesh Bank on Sunday withdrew its restriction on buying products online from international market place using credit cards. A circular issued by the central bank’s Foreign Exchange Policy Department (FEPD), said that to bring further simplification in online transactions, it has been decided to waive Online Transaction Authorization Form (OTAF) formalities for online payments abroad through international cards ...

President pushes for onion boycott to teach hoarders a lesson Photo: Onion traders sleeping at Karwanbazar wholesale market for lack of buyers on Nov 18, 2019. Despite its huge import, the price of onion saw a further rise by Tk 15-20 both at the wholesale and retail markets in the capital on Saturday with traders blaming it on a high ...