Business

The relationship between President Donald Trump and the largest US technology companies has often been frosty but a common opponent — France’s plan to tax US tech giants — will bring the two sides together, at least temporarily. Alphabet Inc’s Google, Facebook Inc and Amazon.com Inc are...

Bashundhara Group had set up a surgical mask unit more than half a decade ago. But the group dismantled the unit, keeping only a small machine in operation, after three years because of a poor response from buyers for masks. Now, that small machine...

The coronavirus pandemic has not negatively affected tea export, which more than doubled in the first seven months of 2020 compared to that in the previous two years. Meanwhile, the tea industry has started to turn around after getting over the shock of the virus. Tea sales...

Denim production has high growth potential in Vietnam and is attracting more investors, but eco-friendly production in the textile and garment industry is essential to protect the environment, experts noted at a conference in Ho Chi Minh City recently. Denim products account for around 10-20 per...

Bangladesh’s economy is now under stress for the first time in the last 10 years, the Centre for Policy Dialogue (CPD) said today. The independent thinktank said, a rift in the macroeconomic stability surfaced in the last fiscal because of revenue shortfall, problems in the banking sector,...

Market analysts anticipate the country’s ailing bourse to be rejuvenated as reputed local and multinational companies including a mobile phone operator are set to emerge in stock market amid a global setback in financial activities due to COVID-19 pandemic. Regulators said they by now approved enlistment of...

Saudi Arabia isn’t seeing as much demand for oil as expected from Iran’s customers, as a lot of crude has been leaving the Gulf nation without being accounted for since the US imposed sanctions on Tehran. Nobody knows how much oil Iran is producing or exporting, Saudi...

In a nondescript building in a Beijing suburb, workers stitch tissue into replacement heart valves for humans. Orders are mounting, and founder Jin Lei is looking to the latest feature of Chinese President Xi Jinping’s financial reform to help him expand. For Jin’s company, Balance Medical Technology...

Prime minister Sheikh Hasina’s adviser for power, energy and mineral resources Tawfiq-E-Elahi Chowdhury has encouraged the US companies, including ExxonMobil, to invest in oil and gas explorations in Bangladesh, particularly the offshore ones. He held a meeting with the senior officials of ExxonMobil, one...

Bangladesh recently completed 50 years as an independent country. A remarkable story of struggle and resilience, Bangladesh is often held up as a ‘development miracle’. Bangladesh’s flourishing readymade garments industry, a robust pharmaceutical industry and other assorted manufacturing sectors have fully embraced an exports-led growth model. Indeed,...