Business

Amazon founder and CEO Jeff Bezos has lost the title as the world’s richest man, paving the way for tenacious Bill Gates to grab the top spot after Amazon’s lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value. Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion. Microsoft ...

Japan’s trade minister resigned Friday a month into his job in a scandal over condolence money, expensive melons and other gifts allegedly offered to election supporters. Prime Minister Shinzo Abe was quick to remove Isshu Sugawara to limit the potential damage to his Cabinet. He accepted the offer to resign and replaced Sugawara with Hiroshi Kajiyama, formerly the minister in ...

Boeing has said it expects its troubled 737 Max aircraft to return to the skies before the end of the year. The jet was grounded after two fatal crashes, including last year’s Lion Air disaster which killed 189 people, reports BBC.Just hours after Indonesian investigators blamed mechanical and design problems for the crash, Boeing said it had developed software updates. ...

Photo: Aerial photo taken on Aug. 27, 2019 shows cargo ships berthed at a wharf of Wenfeng port in the China (Hebei) Pilot Free Trade Zone Caofeidian area in north China’s Hebei Province. Beijing, Oct 24 : The State Council on Wednesday made public a regulation on optimizing the business environment in the latest step to unleash and develop productive ...

WeWork has been thrown a multi-billion-dollar lifeline from Softbank that will give the Japanese company more control of the troubled property start-up. In a statement, Softbank said it would provide $5bn (£3.9bn) in new financing and up to $3bn for existing shareholders.The deal will see Softbank increase its stake in the US office-space sharing start-up to roughly 80%. Co-founder Adam ...

Department of Environment (DoE), Chattogram chapter fined Taka 4.76 lakh to steel producing company, Ratanpur Steel Rerolling Mills (RSRM), in city’s Biyazid area for polluting the environment by releasing excessive unrefined smoke in the air. Director of DOE, Azadur Rahman Mallick pronounced the penalty after the hearing at DOE office on Tuesday. DOE Director Azadur Rahman told  that RSRM breached ...

Washington, Oct 19 : Asia is expected to grow at 5.0 percent in 2019 and 5.1 percent in 2020, with risks to the projection still skewed downward, an International Monetary Fund (IMF) official said on Friday. “In line with the slowdown of global growth, the growth in the Asia Pacific region is expected to be the slowest since the global ...

October 10th sees Penny Appeal’s Mini CEO (11-year-old Shakira Rahman) launch the MY (Muslim Youth) Helpline, providing listening and mental health support for young people between the ages of 11 to 24. The MY Helpline is a confidential and non-judgemental service for young Muslims across the UK. It will provide faith and culturally sensitive support for any young Muslim facing challenges ...

Johnson & Johnson has agreed to a $117 million multistate settlement over allegations it deceptively marketed its pelvic mesh products, which support women’s sagging pelvic organs. Ohio’s attorney general said Thursday an investigation found that J&J, the world’s biggest health products maker, violated state consumer protection laws by not fully disclosing the devices’ risks. Numerous women who had the once-popular, ...

Shopian, Oct 17 : Kashmir’s apple orchards, a backbone of the economy that supports nearly half the people living there, are deserted with fruit rotting on the trees at a time when they should be bustling with harvesters. Losses are mounting as insurgent groups pressure pickers, traders and drivers to shun the industry to protest an Indian government crackdown. Apple ...