Movenpick Hotels & Resorts has signed a third property in Bangladesh, and its first in the port city of Khulna, reports the Travel Daily India. Scheduled…

AFP, SEOUL: Samsung yesterday pulled the final plug on its troubled Galaxy Note 7 smartphone, permanently discontinuing production of the flagship device…

The five-day 13th National Furniture Fair has officially been launched yesterday at the International Convention City Bashundhara l with a slogan “my country my hope, to décor homes with indigenous furniture”. “The sectors that government has decided to be prioritised, furniture…

AFP, PARIS: A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output,…

AFP,ISTANBUL: Saudi Arabia’s state-run energy giant Saudi Aramco is optimistic 2018 will be the right time for its IPO in what will likely be the biggest share offering in history, its chief executive said yesterday, reports AFP. Speaking to the World Energy Congress in Istanbul, Amin Nasser…

AFP, SINGAPORE: Singapore’s central bank yesterday shut down a second Swiss bank under investigation for alleged money-laundering activities linked to Malaysian state fund 1MDB as it vowed strong action against potential violators. The Monetary Authority of Singapore (MAS) said it had ordered…

AFP, SEOUL: Samsung has told customers worldwide to stop using their Galaxy Note 7 smartphones after a spate of battery explosions threatens to derail the powerhouse global brand. It is the latest in a string of lithium-ion battery fires on products ranging from laptops to hoverboards to planes—and…

China's undead army of zombie corporations will not qualify for debt-for-equity swaps, the government said, as Beijing tries to curb the risks of ballooning corporate debt. New guidelines posted on the website of the State Council, China's cabinet, sought to offer some clarity to long-discussed…