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UK recession fears mount amid Brexit and global slowdown

Photo: In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. London, Jul 3 : The British economy appears to be showing signs of falling into recession as uncertainty over Brexit combines with a less benign global ...

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UK seeks new no-deal Brexit freight plan

London, Jul 1 : Transport companies are being asked to bid to provide extra freight capacity to be used in the event of a no-deal Brexit on 31 October reports BBC. The hurried ferry procurement process as the UK prepared to leave the EU on 29 March cost taxpayers more than £85m. That included £34m in a settlement and legal ...

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Boeing suffers new 737 Max issue that could delay return

US regulators have uncovered a possible new flaw in Boeing’s troubled 737 Max aircraft that is likely to push back test flights. The Federal Aviation Administration (FAA) said it identified the “potential risk” during simulator tests, but did not reveal specific details. Boeing’s top-selling aircraft was grounded in March after two crashes.The company is upgrading the aircraft’s anti-stall software, which ...

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Huawei loses trade-secret case

Photo: In this May 29, 2019, file photo, a woman walks by a Huawei retail store in Beijing. Dallas, June 27 : A Texas jury ruled Wednesday that Chinese technology giant Huawei stole trade secrets from a Silicon Valley startup, but jurors declined to levy damages, saying Huawei didn’t benefit from the theft. The jury in US District Court in Sherman, ...

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Taka 130cr revenue collected from ‘Gold Tax Fair’

National Board of Revenue (NBR) has collected around Taka 130 crore as revenue from ‘Gold Tax Fair’ held in all divisional cities, including Dhaka and Chattogram. In the fairs, jewelers legalized about 13 lakh bhori undisclosed stocks of gold and 1000 carat diamond and 500 Bhori silver. NBR and Bangladesh Jewelers Samity (BAJUS) jointly organised the fair for the first ...

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Average US price of gas drops 11 cents per gallon to $2.73

Camarillo, Jun 24 : The average U.S. price of regular-grade gasoline dropped 11 cents per gallon (3.8 liters) over the past two weeks, to $2.73. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that lower crude oil prices contributed to the drop at the pump. Oil prices rose last week, however, because of tensions between the United States ...

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UK businesses look for opportunities in Bangladesh

Representational image Dhaka, Jun 18 : A delegation of British-Bangladeshi businesspersons is exploring investment opportunities in Bangladesh. The areas being explored include ICT, garments, manufacturing, infrastructure, engineering, construction, logistics, banking, financial services and other consumer sectors. A 23-member trade mission by the UK Bangladesh Catalysts of Commerce & Industry (UKBCCI) visited BIDA’s offices on Tuesday. The mission hopes to further ...

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Asian markets mixed ahead of central banks’ rate decisions

Photo : A man walks by an electronic stock board of a securities firm in Tokyo, Tuesday, June 18, 2019. Singapore, Jun 18 : Asian stocks were mixed on Tuesday as caution set in ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. Japan’s benchmark Nikkei 225 eased 0.7% to 20,972.71 while South Korea’s Kospi ...

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Target’s tech trouble clogs stores with long checkout lines

Photo: Customers wait on a long check out line at a Target store in San Francisco on Saturday, June 15, 2019. San Francisco, Jun 16 : A glitch stalled checkout lines at Target stores worldwide Saturday, exasperating shoppers and potentially eating into sales at a prime time for retailers, the day before Father’s Day. The roughly two-hour outage periodically prevented ...

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