Madrid, Aug 18 (AP/UNB) — Authorities in Gibraltar on Sunday rejected the United States’ latest request not to release a seized Iranian supertanker, clearing the way for the vessel to set sail after being detained last month for allegedly attempting…
Category: Trade
Merchants agree to sell rawhides to tanners
Dhaka – Merchants have agreed to resume the sales of rawhides of sacrificed animals to tanners from today (Sunday) backing off from its Saturday’s announcement, paving the way for resolving the crisis in the leather industry. President of the Bangladesh…
Falling demand, syndicate behind BD Eid rawhide price slide
Dhaka, Aug 18 (UNB) – Experts have blamed the lack of policy, syndication by tanners, their ‘cash crunch’ and a fall in the demand for leather products for the unprecedented fall in the prices of rawhide of sacrificed animals this…
US has more to lose if Trump pulls it out of WTO
Geneva (Chakravarthi Raghavan) – In a speech on Tuesday (13 August) in Pennsylvania, a crucial state he must win for re-election in 2020, US President Donald Trump threatened to pull the United States out of the World Trade Organization (WTO)…
Tannery owners to buy rawhide, oppose export
Dhaka, Aug 14 (UNB)- Bangladesh Tanners Association will begin rawhide procurement soon, upon directives issued by the Commerce Ministry. The ministry urged the tannery owners and preservers to follow the necessary steps to tackle the waste of rawhide and maintain…
Tanners also blame syndicate for abnormal rawhide price fall
Dhaka, Aug 14 – The government would take stern action against involved rawhides syndication considering the intensity of offence as seasonal traders in various places across the country either left the unsold rawhide on streets or bury the rawhides under…
Govt decides to allow export of raw hide
Dhaka, Aug 13 (UNB) – The government has decided to give permission for export of raw hide to ensure fair price. “Businessmen’s cooperation sought for buying and selling of raw hide at the prices fixed by Commerce Ministry”, said a…
Spice prices in Bangladesh up ahead of Eid-ul-Azha
Dhaka – The demand for spices, mainly used in meat dishes, usually soars during religious festivals like Eid-ul-Azha when Muslims across the country sacrifice millions of animals. And there is no exception this time. The prices are high even though…
Trump says he’ll put 10% tariffs on remaining China imports
Washington, Aug 1 (AP/UNB) — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The…
US presses WTO to stop lenient trade treatment of China
Washington, July 27 (AP/UNB) — President Donald Trump pressed the World Trade Organization on Friday to stop letting China and other economies receive lenient treatment under global trade rules by calling themselves “developing” countries. In a memo, Trump directed U.S.…
South proposes strengthening of WTO to promote development
Geneva, Jul (D. Ravi Kanth) – India, South Africa, and seven other developing and least-developed countries on Thursday (11 July) challenged the one-sided WTO reform proposals advanced by the US and other developed countries, and tabled, for the General Council,…
Bangladesh mulls govt incentives to export-oriented sectors
Dhaka, July 16 – In a bid to diversify the export basket, the government is planning incentives for other export oriented sectors like ready-made garments (RMG), Salman F Rahman, Prime Minister Sheikh Hasina’s Private Industry and Investment Advisor said yesterday.
US deciding how to punish ally Turkey over Russian arms deal
Washington, July 12 (AP/UNB) — The U.S. edged closer to crisis Friday with NATO ally Turkey, which began receiving components of a Russian-made air defense system in defiance of Trump administration warnings that the deal would mean economic sanctions and…
US Federal Trade Commission okays about $5B fine for Facebook
Dhaka, Jul 13 (AP/UNB) – The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday. The report cited an unnamed person familiar with the matter.
India’s squeeze on exporters doubles price of onions in BD
Benapole, July 12 (UN) – Onion prices at retail level have doubled in the space of just 10 days, following India’s withdrawal of incentives on onion export for its farmers. Consumers though smelt a local conspiracy amid old suspicions of…
Decade on, Chinese yuan wins worldwide recognition
Beijing, July 12 (Xinhua/UNB) — From a currency that barely registered in the international market to one with worldwide recognition, Chinese yuan’s rise on the global stage over the past decade is a testament to China’s growing economic clout and…
E-com rules promoted in name of women’s economic empowerment
Geneva, Jul (Kinda Mohamadieh) – Women in digital trade was the subject of a workshop convened at the World Trade Organization on 1 July. The day-long workshop was co-convened by the European Union, Trinidad and Tobago and Senegal, the fifth…
Russia celebrates the 65th year of world’s first commercial nuke power plant
Russia celebrated the 65th anniversary of the world’s first nuclear power plant, which was connected to grid for commercial purpose. On June 27, 1954, Obninsk Nuclear Power Plant with just 5 MW capacity was commissioned by the then Soviet Union…
Gas tariff hike ‘ill-motivated’, says BNP
Dhaka, July 5 (UNB) – BNP on Friday alleged that the government has raised the gas tariff unfairly only to facilitate those ruling party leaders and businessmen who import Liquefied Natural Gas (LNG). “The only reason behind the gas price…
Gonoforum extends support to LDA’s hartal
Dhaka, July 4 – Gonoforum on Thursday extended its support to the Left Democratic Alliance’s (LDA’s) half-day hartal to be enforced across the country on July 7 protesting the gas tariff hike. The decision was taken at a meeting of…
Trade truce euphoria eases and markets tread water
London, July 2 (AP/UNB) — Global stock markets traded in fairly narrow ranges Tuesday as investors moved on from the latest truce in the costly US-Chinese trade war. Investors were encouraged Monday by the agreement between Presidents Donald Trump and…
Demos in district towns against gas price hike Tuesday: BNP
Dhaka, July 01- The major opposition BNP will stage demonstrations at district towns and city corporations across the country on Tuesday protesting the government decision to increase gas prices. In the capital city of Dhaka, the party will either stage…
Nokia distances itself from boss’s warning on Huawei 5G kit
Dhaka, Jun 30 (UNB) -Telecoms giant Nokia has disowned the comments one of its senior executives made about rival Huawei, reports the BBC. Nokia’s chief technology officer Marcus Weldon told the BBC that the UK should be wary of using…
Gas price for cooking raised by 32.8 pc
Dhaka, Jun 30 (UNB) – The average gas price has been raised by 32.8 percent for the retail consumers in the country with effect from Monday (July 1). Chairman of the Bangladesh Energy Regulatory Commission (BERC) Monwar Islam announced the…
‘Back on track’: Trump, Xi seal trade war truce
Osaka, Japan, June 30, 2019 – US President Donald Trump on Sunday hailed trade talks with his Chinese counterpart Xi Jinping as “far better than expected” and vowed to hold off on further tariffs as negotiations continue. “The quality of…
RMG industry of BD wants higher prices from intl buyers
Dhaka, June 27 (UNB) – Bangladeshi apparel businesses called upon international buyers for maintaining responsible buying practices to obey their given conditions properly. The business insiders also said that their businesses are under pressure not getting proper prices of their…
Low-income nations pay over 20 times more for generic drugs
By Caley PigliucciReprint UN, Jun 21 2019 (IPS) – A recently-released report by the Washington-based Center for Global Development (CGD) shows that generic drugs, like omeprazole (used to treat heartburn), can cost 20-30 times more in low and middle-income countries…
Iranians say their ‘bones breaking’ under US sanctions
Tehran, Jun 24 (AP/UNB) — As the U.S. piles sanction after sanction on Iran, it’s the average person who feels it the most. From a subway performer’s battered leather hat devoid of tips, to a bride-to-be’s empty purse, the lack…
Apple warns Trump that more China tariffs will help rivals
Dhaka, Jun 23 (UNB) – Apple has joined a growing chorus of firms urging the Trump administration to drop a plan for more US tariffs on Chinese goods, reports the BBC. The US has said it may impose duties on…