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Apple embarks on EU court battle over 13-bn-euro tax bill

Apple embarks on an epic court battle with the EU on Tuesday, fighting the commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. Lawyers for the world’s biggest company will face EU officials in a Luxembourg court, challenging a decision that CEO Tim Cook slammed at the time as “total political crap”. The ...

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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 ...

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iPhone 11, iPhone 11 Pro have higher demand than expected

Apple launched three new smartphones this year; the iPhone 11, iPhone 11 Pro and the iPhone 11 Pro Max. These three smartphones went on pre-order on Friday in the US and are scheduled to go on sale on September 20. Apple-watching analyst Ming-Chi Kuo has released an investor note mentioning that iPhone 11 and the iPhone 11 Pro order demands ...

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Brexit: UK will reject any delay offer, PM to tell Juncker

The UK is not prepared to postpone Brexit beyond the current 31 October deadline, Boris Johnson is to tell European Commission President Jean-Claude Juncker at talks on Monday, reports BBC. The lunchtime meeting in Luxembourg will be the first time the pair have met since the PM took office in July. A Downing Street source says Mr Johnson will stress ...

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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 ...

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British PM likens himself to Incredible Hulk ahead of Brexit talks

London, Sept 15 : British Prime Minister Boris Johnson likened himself to the Incredible Hulk in an interview on Saturday ahead of talks with European leaders. “The madder Hulk gets, the stronger Hulk gets,” Johnson told the Mail on Sunday newspaper. “Hulk always escaped, no matter how tightly bound in he seemed to be and that is the case for this ...

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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 ...

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Former PM Cameron ‘sorry’ for Brexit divisions

London, Sept 14 : The British prime minister who called the Brexit referendum and then saw the public vote to leave the European Union says he is sorry for the divisions it has caused. David Cameron said in an interview published Saturday that he thinks about the consequences of the Brexit referendum “every single day” and worries “desperately” about what ...

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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 ...

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Bangladeshi ‘Jamdani’ fair delights saree lovers in Delhi

A daylong fair on Jamdani, Muslin and other handloom sarees, an embodiment of the pride of Bangladesh, has delighted a large number of saree lovers, creating soothing effects on them to make them ponder over the revival of these rare wears. The creations of Mantasha Ahmed and Nasreen Jahan, the owners of two popular fashion houses in Dhaka, the spectacular ...

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