Business

US president Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5 per cent duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. Trump’s move, announced...

The revenue authority plans to buy a total of 300,000 sales monitoring devices this fiscal year to bring all shops under an online network and cut the scope for VAT evasion.  The government already gave approval to purchase 100,000 such electronic fiscal devices (EFDs) for Tk 316 crore...

Japan’s core consumer inflation wallowed at a two-year low in July, increasing pressure for the central bank to acknowledge price momentum was slowing and expand its radical stimulus programme. With the global economy hit by the Sino-US tariff war and a pick-up in demand in the second...

China said yesterday it will impose retaliatory tariffs against about $75bn worth of US goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled...

The US-China trade war has a new chapter. After Mr Trump announced added tariffs of 10% on the remaining 300 billion US dollars in goods from China, now their application on certain footwear items is delayed to December Yesterday, the Office of the United States Trade Representative...

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...

Egypt's ministry of public business sector has allocated EGP 21 billion to increase the added value in the Egyptian cotton industry, as per the advice of international consultant Warner, which prepared a comprehensive study on developing the country's cotton sector. The government is making efforts to restore...

The cotton and blends spinning industry in India is passing through a big crisis, similar to the situation last seen in 2010-11, resulting in huge job losses, according to the Northern India Textile Mills Association (NITMA). High interest rates, high cost of raw materials, rise in low-priced...

A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday. The survey came out after President Donald Trump pushed back against talk of a looming recession as a...

Huawei on Tuesday dismissed Washington’s three-month delay to a ban on US firms selling to the Chinese tech giant and said the decision would not change the fact it had been “treated unjustly”. The US Commerce Department effectively suspended for a second time tough rules stopping the...