Bangla Version

Economics

Uber loses licence to operate in London: authorities

London transport authorities announced Friday they would not renew Uber’s licence to operate in the city when it expires on September 30 over public safety concerns, although it has three weeks to appeal.   Transport for London said the conduct of the ride-hailing app, which has around 25,000 drivers operating in the British capital, had raised concerns.   “TfL has ...

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No cut in rice price despite traders’ assurance

A file photo shows varieties of rice at a city shop. The price of rice is yet to fall in the city’s retail markets although traders at a meeting on Tuesday had assured the government to bring down the price of the staple from Wednesday. — New Age photo The price of rice is yet to fall in the city’s ...

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Tata and ThyssenKrupp agree steel merger

India’s Tata Steel and German rival, Thyssenkrupp, have taken the first step towards merging their European steel operations.   The tie-up will lead to job losses, to be shared between the two companies.   The deal would create Europe’s second-largest steel group, after ArcelorMittal. The two companies have been in negotiations since last year, when Tata scrapped plans to sell ...

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Menon seeks media cooperation to promote tourism

Civil Aviation and Tourism Minister Rashed Khan Menon today sought more cooperation from mainstream media to promote Bangladesh tourism through more tourism related positive news. “Media is a major tool to promote tourism and we need more cooperation from our mainstream media to further flourish the country’s hospitality industry,” he told a breakfast meeting with editors and head of news ...

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UK keen to expand trade with Bangladesh: Rushanara

Rushanara Ali MP, UK prime minister’s trade envoy for Bangladesh, has said Britain is keen to expand trade with Bangladesh, offering world class expertise and technology that will help the country move closer to its middle-income aspiration. She said, “I am delighted to be back in Bangladesh and I’m very much looking forward to work to strengthen and deepen our trading ...

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Mexico-US trade would survive any NAFTA rupture: Mexico foreign minister

Trade between the United States and Mexico would not end if the North American Free Trade Agreement (NAFTA) was terminated, Mexico’s foreign minister said on Friday, after a new US plan emerged to build a five-year sunset provision into the treaty. In the shadow of repeated threats to scrap the deal by US President Donald Trump and his officials, Mexico, ...

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Trump blocks sale of US tech firm to Chinese company

The Trump administration has barred the sale of a US technology firm to a Chinese-backed company, citing national security risks. Since November, Chinese-backed Canyon Bridge Capital Partners has been seeking approval for a $1.3bn (£984m) deal to buy Lattice Semiconductor. The firms said they were “disappointed” by the decision. The order comes as the US has been toughening its stance ...

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Trade gap surges to $1.05b in July

The country’s trade deficit increased by 347.45 per cent to $1.05 billion in July, the first month of this fiscal year (2017-18), compared with that of $236 million in the same month a fiscal year ago, Bangladesh Bank data showed. An economist and Bangladesh Bank officials said that the trade gap widened significantly in July due to a surge in ...

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IAA car show displays industry in throes of reinvention

Automakers descended on Frankfurt Tuesday, ready to show off their latest innovations at the glitzy International Motor Show (IAA) even as the spectre of tough new environmental rules and a string of no-shows took some of the shine off the event. On the surface there is nothing but good news at the IAA: the European car industry can boast of ...

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China looks at ending sales of gasoline cars

China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars.   China’s industry ministry is developing a timetable to end production and sale of traditional fuel cars and will promote development of electric technology, state media on Sunday cited a Cabinet official as saying. The reports gave no possible target date, but Beijing ...

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