Home / Business (page 4)

Business

Thomas Cook customers to fly home after firm collapses

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 ...

Read More »

Body implants and holograms are the future of communication, survey says

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’ ...

Read More »

No need to have trade deal with China before 2020 elections: Trump

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 ...

Read More »

China to tap pork reserves as swine fever hits industry

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 ...

Read More »

182 businessmen get CIP cards

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 ...

Read More »

Asian stocks rise after oil falls, Wall Street advances

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 ...

Read More »

Jute export ban still haunts Khulna traders

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 ...

Read More »

Saudi Arabia oil and gas production reduced by drone strikes

Saudi Arabia has cut oil and gas production following drone attacks on two major oil facilities run by state-owned company Aramco. Energy Minister Prince Abdulaziz bin Salman said the strikes had reduced crude oil production by 5.7m barrels a day – about half the kingdom’s output, reports BBC.A Yemeni Houthi rebel spokesman said it had deployed 10 drones in the ...

Read More »

US fines Japan Airlines $300,000 over long flight delays

The US government is fining Japan Airlines $300,000 for delays that trapped passengers on two grounded planes for hours. Under an agreement with the Transportation Department, the airline gets credit for $60,000 spent compensating passengers, and $120,000 will be waived if the airline avoids similar incidents for one year, reports AP.The department says that after bad weather forced a January ...

Read More »

Pound climbs to highest level since July

The pound has hit its highest level against the dollar since July amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1% on Friday to over $1.24 against the dollar, its highest level in seven weeks, reports BBC.The pound was boosted after a report in the Times said the DUP, Northern Ireland’s largest political party, was prepared ...

Read More »