Business

The US and Japan have agreed an initial trade deal that will eliminate or lower tariffs on certain products traded between them. Duties on some agricultural goods will be removed or lowered, while digital products will also benefit.US President Donald Trump said the world’s first and third largest economies achieved a “tremendous” deal, reports BBC. The trade agreement did not ...

Chinese President Xi Jinping has presided over the inauguration of a second international airport for Beijing with a terminal billed as the world’s biggest. Beijing Daxing International Airport, built in less than five years at a cost of 120 billion yuan ($17 billion), is designed to handle 72 million passengers a year, reports AP.The Chinese capital’s main airport is the ...

Several Thomas Cook holidaymakers and crew in Cuba have said they are being prevented from leaving their hotels until they pay extra for their stay. One holidaymaker, Sue Petrow, said she was due to fly home on Wednesday, but her hotel told her she may be held at the airport unless she pays her bill, reports BBC.Cabin crew from Thomas ...

The first of 155,000 British tourists are being flown back home after travel agent Thomas Cook collapsed on Monday. The UK’s Civil Aviation Authority (CAA) is co-ordinating the repatriation, the biggest in peacetime, after the tour operator “ceased trading with immediate effect”. Thomas Cook’s administration puts 22,000 jobs at risk worldwide, including 9,000 in the UK. Boss Peter Fankhauser said ...

Letters and Post-it notes will be replaced by body implants and hologram technology as ways people communicate in the future, a new online survey for Barnardo’s reveals. Polling firm YouGov asked 3,262 children and adults across Britain how they used to communicate, how they do now and how they think young people will talk to each other in 30 years’ ...

US President Donald Trump has said he does not feel the need to strike a trade agreement with China before the next year’s presidential elections, emphasizing that he is looking for a complete and not a “partial deal” with Beijing. The world’s two largest economies have been locked in a bruising trade war since Trump in March last year imposed ...

China is set to release pork supplies from its central reserves as it moves to tackle soaring prices and shortages caused by an outbreak of swine fever. A state-backed body will auction 10,000 tonnes of frozen pork from its strategic reserves on Thursday, reports BBC.China, the world’s biggest producer and consumer of pork, has struggled to control the spread of ...

The government has awarded the Commercially Important Person (CIP) cards to 182 businessmen for their extraordinary performance in export in 2017. Commerce Minister Tipu Munshi and Chairman of the Parliamentary Standing Committee on the Commerce Ministry Tofail Ahmed handed over the CIP cards among the awardees at a function held at the Hotel Intercontinental in the city today. Out of ...

Asian stock prices rose Wednesday after oil prices fell back and Wall Street advanced. Benchmarks in Tokyo, Shanghai and Hong Kong all gained.Markets steadied following a decline Tuesday in crude prices that spiked after a weekend attack on a Saudi soil facility. The Saudi oil minister said half of production that was cut already had been restored, reports AP. “Concerns ...

Although the government has lifted the ban on raw jute export, traders here are yet to start collecting jute fearing such a ban again, causing losses to them. The traders said the jute export witnessed a sharp fall last year due to the ban on the export of uncut Bangla tossa rejection (BTR) and Bangla white rejection (BWR) varieties of ...