Business

DHAKA: China’s telecommunication giant Huawei has said it will bring in more top-notch technologies and solutions to build a fully connected and “intelligent Bangladesh.” With a renewed commitment to boosting Bangladesh’s development, Huawei celebrated its 25 years of operation in the country on Thursday. TECH GIANT ALLY President of Huawei …

A job performance rating by the RP-Mission and Development Foundation Inc. for June to July 2023 showed a significant increase in ratings for Secretary Alredo Pascual, the Department of Trade and Industry said over the weekend. Trade Secretary Alfredo Pascual Results of the survey showed that Pascual’s ranking went up …

NEW YORK CITY: Drops for Tesla, Netflix and other big tech-oriented stocks put the clamps on Wall Street’s torrid rally on Thursday. The S&P 500 fell 30.85, or 0.7 percent, to 4,534.87, coming off its highest close since early April 2022 and its seventh gain in the last eight days. …

SAN FRANCISCO, California: A fired Twitter product manager said Elon Musk ran the company newly renamed X by instinct not data, surrounded by sycophants with his mood changing unpredictably. Esther Crawford, whose picture sleeping in a Twitter office late last year made her a viral sensation, shared her thoughts on …

PHILADELPHIA: President Joe Biden on Thursday visited a shipyard symbolizing the industrial boom he hopes will put wind in his reelection campaign's sails, even if polls show most Americans are cool on him continuing as their economic captain. The Democrat's pitch at the Philly Shipyard in Philadelphia, Pennsylvania was simple. …

NEW YORK CITY: Another tick higher for Wall Street on Wednesday added to its big rally for the year following profit reports from a spate of banks and other big US companies. The S&P 500 rose 10.74, or 0.2 percent, to 4,565.72. After its seventh gain in the last eight …

One of fast fashion’s largest players, Zara, has laid out ambitious new sustainability targets as the European Commission looks to regulate the industry. Advocates say Canada still has a long way to go.  As Zara lays out sustainability targets, advocates say Canada has a long way to go. One of …

The withdrawal is “effective immediately,” International Longshore and Warehouse Union (ILWU) Canada president Rob Ashton said in a news release around 4 p.m. Wednesday.  Prime minister had convened crisis committee in response to possible 2nd strike. The union representing port workers in B.C. says it has withdrawn a 72-hour strike …

GANDHINAGAR, India: The Group of 20 (G20) finance chiefs ended talks in India on Tuesday (Wednesday in Manila) with disagreement over Russia’s war in Ukraine, limited progress on debt restructuring and warnings that divisions between rich and poor nations risked deepening poverty. Many countries are still recovering from the coronavirus …

NEW YORK CITY: Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2 percent from May to June, following a revised 0.5-percent increase the previous month, the Commerce Department reported on Tuesday. The figure matched the pace …