Business

Leading Chinese air conditioner supplier Gree have in recent years seen an amazing sales jump in Nepal, with local dealers reporting an annual increase of 30 percent. That is in no small part thanks to the notable improvement of electricity supply in the Himalayan country, which is one of the tangible benefits brought by Chinese products and technologies to Nepal’s ...

Dhaka, Oct 12 : Defending the surplus electricity generation, Power Secretary Dr Ahmad Kaikaus has said it has boosted the confidence of businessmen to set up industries. He made the remarks while addressing a workshop on “Power Generation and Regional Balance” at the Bidyut Bhaban in the city on Saturday. The comments came from the senior secretary against the backdrop ...

China says the US has been harassing Chinese scholars, students, entrepreneurs and scientists, in part through the denial or revocation of visas. Foreign Ministry spokesman Geng Shuang says the actions have “infringed upon the safety and lawful rights and interests of the Chinese personnel involved.”His complaint Wednesday came as China demanded Washington lift restrictions on sales of US technology to ...

  Taking place at the Park Plaza Westminster on the 13th October, the glitzy red-carpet Asian Restaurant & Takeaway Awards (ARTA) will reward excellence, craft, creativity and great taste by bringing the UK’s most prestigious Asian restaurants and chefs together under one roof. With over 2400 applications, ARTA will commend the very best of Asian cuisine and the masters behind the ...

Samsung Electronics on Tuesday predicted its operating profit for the last quarter will fall by more than half from a year earlier amid sluggish global demand for computer chips. The South Korean technology giant estimated an operating profit of 7.7 trillion won ($6.4 billion) for the July-September quarter, which would be a 56.2% drop from the same period last year. ...

Washington, Oct 7 : The nation’s business economists think President Donald Trump’s trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with the National Association for Business Economics shows they expect growth, as ...

German auto brand BMW will recall 45 cars in the Chinese market due to problems in engine control modules, according to China’s market regulator. The recall, starting October 25, will involve a component of imported i3 electric cars manufactured between January 9 and February 21, 2019, according to a statement by the State Administration for Market Regulation, reports Xinhua.The defect ...

The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data. The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month, reports BBC.In addition, August data was revised up to 168,000 jobs created instead of the previously reported 130,000. ...

Opened amid much fanfare over a year back, the ‘Village Supermarket’ in Dumuria upazila to facilitate farmers to sell their agricultural commodities at fair prices, has failed to pick up the pace, clouding its much-hyped goals. Non-availability of loans by farmers, the reluctance of buyers to measurement through metre scales and lack of sincerity of the implementing agency are said ...

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), led by its President Sheikh F Fahim, left  Dhaka for India to attend the Indian Economic Summit of the World Economic Forum and India – Bangladesh Business Forum. The two days summit World Economic Forum (WEF) will be held from October 3 to 4, organized in collaboration ...