Business

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

The prolonged novel coronavirus (COVID-19) pandemic situation has been posing a serious threat to the existence of the traditional silk industry in Rajshahi. Businessmen and entrepreneurs are facing an awkward position with their business in wake of abnormal declining production side by side with selling of the products at present. Jahirul Islam, manager of Usha Silk Industries, said the silk ...

The United States and China traded jibes as military tensions grow between the world’s two largest economies, with the US defense chief vowing not to “cede an inch” in the Pacific and China saying Washington was risking soldiers’ lives. Both are at loggerheads over issues from technology and human rights to Chinese military activities in the disputed South China Sea, ...

Ansar Ahmed Ullah:   On Wednesday, 26 August, activists and campaigners gathered outside the London Stock Exchange in a sombre vigil of remembrance & display of solidarity with Phulbari. Wearing green and laying white flowers, they observed the 14th anniversary of the killing of three young protesters, Al Amin, 11 years old, Salekin, 13 years old, & Tarikul, 18 years ...

When competitive countries are moving fast to attract global investment, Bangladesh still remains at the bottom in providing one-stop service (OSS) for investors and entrepreneurs. Despite the business community’s continuous demand at home and abroad for easing the policy for smooth business, the government is moving slowly to create a perfect investment and a business-friendly atmosphere in the country. Owing ...