Geneva, 13 Aug (D. Ravi Kanth) – Despite the global economy being mired in an economic recession due to the worsening Covid-19 pandemic, five US tech giants – Google, Amazon, Facebook, Apple, and Microsoft – have continued to generate profits…
Category: Trade
TikTok threatens legal action against Trump US ban
TikTok has threatened legal action against the United States after Donald Trump ordered the firms to stop doing business with the Chinese app within 45 days.
Trump bans US transactions with TikTok, WeChat
New York, AP/UNB, Aug 07 – President Donald Trump on Thursday issued an official order banning dealings with Chinese owners of TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from…
Trade activities at Sonamasjid land port resume
The export-import activities at Sonamasjid land port resumed on Wednesday after four days of suspension due to Eid-ul-Azha holiday.
Trump changes stance on Chinese App TikTok
Changing his earlier stance, President Trump gave the go-ahead on Monday for Microsoft to hold negotiations on a potential blockbuster deal to purchase the Chinese-owned video app’s operations in the U.S., The New York Times reported on early Tuesday.
Slump in rawhide prices: CCC removes 15000 pieces from roads
Chittagong, Aug 3 – Chittagong City Corporation (CCC) authorities have removed 15000 pieces of unsold rawhide of sacrificial animals from streets, said councillor Shoibal Das Sumon, president of Waste Management Committee of CCC.
Microsoft to continue talks to buy TikTok’s US operations
US tech giant Microsoft has confirmed that it is continuing talks to purchase the US operations of Chinese-owned video-sharing app TikTok.
Trump To Ban Chinese TikTok
President Donald Trump says he intends to ban the operation of TikTok in the U.S. Trump said Friday he could take action as soon as Saturday to stop the operation of the popular video-sharing social media app in the U.S.
Bangladeshi mango export to Switzerland begins
Dhaka, July 20 (UNB)- Sweet smells of Bangladeshi mangoes have reached Switzerland with the export of first package mangoes to the country on July 14.
With flood waters cows being smuggled from India
Kurigram, July 20 – Cattle markets in Kurigram border area are seeing an increased arrival of illegally imported cows and buffaloes from India. These cattle are being smuggled in through the transboundary rivers shared by the two nations taking advantage…
Bangladesh gets first parcel train of dry chilies from India
Dhaka, July 13 – Bangladesh has received the first parcel train at Benapole carrying dry Chillies from Andhra Pradesh, India.
Bangladeshi private firm starts mango export to Switzerland
Dhaka, July 13 – Bangladesh on Sunday started exporting mangoes to Switzerland thanks to a private initiative.
China goods, services trade surplus tops 60b US dollars
International goods and services trade surplus in China stood at 424 billion yuan (about 60 billion U.S. dollars) in May, according to official data.
TikTok, other Chinese app ban surprises India content makers
India’s ban on 59 Chinese apps, including the wildly popular TikTok and WeChat platforms, has left millions of users surprised and disappointed. The government in Delhi said the apps were “prejudicial to sovereignty and integrity of India, defence of India,…
EU calls for eliminating tariffs on pharma & medical goods
Geneva, 24 Jun (D. Ravi Kanth) – The European Union has called for the elimination of tariffs and potential “non-tariff” barriers on more than 120 “pharmaceutical goods” and “medical goods” on grounds that the current Covid-19 pandemic requires a global…
Trade through Bhomra port resumes as lockdown lifted
After two months and 8 days, trade between India and Bangladesh resumed through Bhomra land port of Satkhira from Tuesday.
Trade through Bhomra port resumes as lockdown lifted
After two months and 8 days, trade between India and Bangladesh resumed through Bhomra land port of Satkhira from Tuesday.
BD jute, jute products export fetch $ 791.3 m in ten months
Bangladesh earned US$ 791.3 million from the export of jute and jute products in the first ten months (July-April) of the current fiscal year 2019-20, which is 14 percent higher than the earnings during the corresponding period of the previous…
COVID-19 straw breaks free trade camel’s back
Kuala Lumpur, Malaysia, 19 May (IPS/Jomo Kwame Sundaram) – Economic growth is supposed to be the tide that lifts all boats.
WTO chief to step down early as global economic crisis rages
GENEVA (BSS/AFP) – The World Trade Organization chief announced Thursday he will step down on August 31, a year before his term ends, despite the COVID-19 pandemic ravaging the global economy. Roberto Azevedo said it had been a “personal decision”…
WTO DG to relinquish office before end of his term
Geneva, 14 May (D. Ravi Kanth) – The World Trade Organization director-general Roberto Azevedo is expected to inform members Thursday that he would be relinquishing charge soon before completing his term of office on 31 August 2021, said sources familiar…
Bangladesh seeks 2-year duty-free RMG market access to US
Bangladesh has sought a two-year duty-free access for its readymade garment products to the US market as the coronavirus pandemic put the major export-earning sector in trouble amid cancellations of global orders.
No waiver of goods storing charge at Ctg port after May 16
CHATTOGRAM, May 9, 2020 (BSS) – The waiving of goods storing charge at Chattogram Port Authority (CPA) yard would not be extended after May 16, CPA chairman Commodore Abul Kalam Azad told BSS.
Essential goods transfer from India to BD by train begins
The first freight train loaded with onions was handed over by Indian Railway to Bangladesh Railway authorities at Gede (India) – Darsana (Bangladesh) interchange point on Saturday.
E-commerce proposals at WTO a recipe for corporate greed
Geneva, (Kanaga Raja) – The proposals for a WTO agreement on e-commerce, which are currently on hold, would further exacerbate inequality and division at a time when the world needs to work as one, according to a new report.
Importers want port and shipping agency fines waived
The importers urged the government to waive fines as they couldn’t unload their goods from the port within the stipulated time in light of the existing general holiday and absence of normal customs clearance.
Trade policy choices during and after Covid-19 pandemic
New Delhi, Apr (Ranja Sengupta) -The Covid-19 pandemic, caused by the novel coronavirus, has now unleashed its destructive force across the world and countries are reeling. There are impacts in terms of continuously increasing infections and deaths, coupled with testing,…
Oil price below zero as coronavirus turmoil persists
The price of a barrel of Brent Crude – the UK benchmark for oil – has slipped below $20, its lowest level since 2002. The close to 20% slump follows negative prices being recorded for a barrel of West Texas…
RMG producers from 6 nations urge partners honour contracts
Dhaka, April 08 – Six countries, including Bangladesh, have urged global brand companies, retailers and traders to carefully consider all potential impacts on workers and small businesses in the supply chain while taking significant purchasing decisions.
Dhaka Police orders closure of markets, Dept-stores by 7 pm
Dhaka Metropolitan Police (DMP) on Monday ordered the closure of recognised kitchen markets and super shops in the capital by 7pm starting from 6 am every day.