Detroit auto show offers nostalgia, glamour

The Detroit auto show arrived Sunday with the showman's flair, while the auto industry has tied its latest offerings to American nostalgia and Hollywood glamor. But on the sidelines, there were persistent questions about politics and politics. Arnold Schwarzenegger came out of a Mercedes-Benz G-Class SUV. The granddaughter of the legend of the screen Steve […]

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Yarn makers to suffer as Indian cotton traders halt shipment

The sudden cancellation of the 400,000-bale cotton bale shipment by Indian traders will negatively affect the yarn production of Bangladeshi companies, which could hit hard at clothing exports, according to sources internal of the industry. "It's a sad incident," said Abdul Hai Sarker, president of the Purbani group, which imports 30,000 bales of cotton a […]

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Yuan climbs to 2-year high against weakened dollar

The Chinese currency rose Monday to its highest level in more than two years against the US dollar, after the central bank of China raised its highest daily reference rate in three months. The People's Bank of China has set the reference rate of the yuan – also known as the renminbi – at 6.4574 […]

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No Brexit deal would cost Scotland £12.7b: study

The economy of Scotland would be down 8.5% if Britain left the EU without agreement, said Scottish leader Nicola Sturgeon Monday pushing Britain to stay in the single European market. "There is no other option than EU membership that is as good as in the EU," said then Prime Minister Sturgeon that she presented an […]

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Berger Paints to form Tk 60cr JV with UK firm

Berger Paints Bangladesh plans to expand its business by creating a joint venture with UK-based construction solutions provider Fosroc International, with a combined investment of 60 crore Tk. Berger's board of directors will soon sign an agreement with Fosroc, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website yesterday. Berger will invest […]

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As Trump clamps down, migrant workers have much to lose

Two decades ago, Fatima Nolasco crossed the US border to look for a better life, then prosper and build a new home. Now, after Donald Trump has decided to end a program that allowed him to legally work in the country, along with 200,000 other immigrants from El Salvador, she fears that she will be […]

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Biman’s turnover hit by direct cargo ban to UK

Biman's freight activity was contracted by 22.54% last year as a result of the ban on direct cargo theft between Dhaka and London. During fiscal year 2016-2017, Biman earned 244 crores from Tk in his cargo sector, up from 315 crore Tk a year earlier. The public carrier transported 33,542 tonnes of cargo last year, […]

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New chief for BASF Bangladesh

Mr. Sazzadul Hassan was recently appointed President and CEO of BASF Bangladesh, a subsidiary of the German chemical multinational BASF. He succeeded Sujan Kumar Saha who had been at the service of the company for three years, BASF Bangladesh reported in a statement issued yesterday . Hassan served Syngenta Bangladesh as General Manager. He studied […]

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4G network by March, all operators ready: BTRC

Telecom regulators are optimistic that 4G services will be available by March this year, now that there is no legal complication that is slowing down the process spectrum auction. "We have information on the technical preparation of all major operators," said Shahjahan Mahmood, chairman of the Bangladesh Telecommunications Regulatory Commission (BTRC). "After getting the license […]

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Telcos’ investment shrinks but revenue rises

Mobile operator investment reached its lowest level in six years in 2016-17, after experiencing a decline in the last four years, although industry revenues are increasing each year. During fiscal year 2016-17, the investment of mobile operators decreased by 14.94% year-on-year to reach 4,626 crores while their revenues increased by 3,77 %, according to a […]

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