Ivanka Trump is exception to dad’s ‘Buy American’ rule

     Dans son discours d'inauguration de janvier, le président américain Donald Trump a fait un gage apparemment simple: "Nous suivrons deux règles simples: acheter américain et embaucher des américains." Sa fille est l'exception: au moins, huit envois de chaussures, sacs et vêtements de marque Ivanka Trump – plus de 53,5 tonnes – ont été expédiés […]

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Ha-Meem Group bets big on denim

Ha-Meem Group, one of the leading apparel manufacturers, is moving towards massive expansion to double its export earnings to $ 1 billion in the next six years, said its leader. The Ha-Meem Group's annual exports are currently $ 535 million, and it has giants like Gap, Esprit, American Eagle Outfitters, H & M, Abercrombie & […]

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World Bank approves $150m for Morocco

The World Bank announced that it had approved a $ 150 million financing to support small businesses in Morocco and improve social programs in the country of North Africa . The funds, approved on Friday, will help the government to "modernize its national identification system and provide funding to promote innovative start-ups and job creation," […]

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Volkswagen pleads guilty in US court in diesel emissions scandal

Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the US Justice Department in January over the automaker’s diesel emissions scandal. It was the first time the company has pleaded guilty to criminal conduct in any court in the world, a […]

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Rain brings smile to tea planters in Sylhet region

The strong rain Thursday came as a boost for the tea gardens at Sylhet as the shower could help owners avoid the drop in production normally caused by drought at this time of year. "The rain has been very beneficial for us," said Iftekher Enam, director of Chatlapur Tea Estate in Kulaura in Moulvibazar. He […]

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Tourists help Cyprus economy keep growing

The economy of the Eurozone charter member Cyprus grew for an eighth consecutive quarter, aided by the record number of tourists flocking to the Mediterranean island, official figures showed Friday . Gross Domestic Product (GDP) grew by 0.7% in the fourth quarter of 2016, maintaining the growth rate observed over the previous three months, the […]

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Some Indian banks risk skipping coupon payments: Fitch

Some Indian banks are at risk of skipping coupon payments on their capital instruments despite recent easing of rules by the central bank and capital injection by the government into state-run lenders, Fitch Ratings said on Thursday. Mid-sized banks are the most at risk of breaching capital triggers, the agency said. A Fitch analysis showed […]

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Alibaba seeks $5b loan amid tech financing rush

Chinese e-commerce giant Alibaba Group Holding Ltd. is in talks with banks to raise $ 5 billion in new financing, sources told Thomson Reuters Basis Point, amid a wave of collection Of funds by Chinese technology giants. Alibaba seeks to raise offshore funds via a bullet loan with a maturity of five years, in order […]

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3 state banks to raise Tk 4,100cr in bonds

Three state banks will issue different types of bonds worth 4 100 crore Tk to deal with a huge capital shortage. The Central Bank has already given its primary consent to Bank BASIC, Bank Janata and Bank Rupali with certain conditions, in order to help them improve their financial health. BASIC Bank will issue cashless […]

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Airtel users facing network disruption in Dhaka

A large number of Airtel subscribers in Dhaka were facing network interruptions today due to network integration and upgradation. Customers may have faced some interruptions in using the Airtel network due to the ongoing network integration and upgradation process, said a press release floated to media this evening. “We humbly regret this temporary inconvenience,” said […]

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