The Anti Tobacco Media Alliance (ATMA) yesterday urged the government to introduce specific taxes and two-tier pricing system in cigarettes instead of the existing four-tier system in the next national budget for FY21. Demanding hike in tobacco taxes and prices in the upcoming national budget, ATMA…

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has taken initiative to provide safety equipment to healthcare professionals and other essential service workers in the wake of COVID-19 pandemic, a press statement said yesterday. In a letter to all the chambers and other association…

NRBC Bank will not take any fee for cash withdrawal by its debit card from any ATM booth in Bangladesh during the ongoing general holidays. “During the ongoing general holiday, withdraw cash using your NRBC Bank debit card from any ATM booth in Bangladesh without paying any withdrawal fee. If…

Global retailers including Adidas and H&M sparked outrage in Germany  yesterday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak. Finance Minister Olaf Scholz urged leading companies to refrain from taking rash action that…

Dubai’s largest, fully private real estate developer posted yesterday its first yearly loss since becoming a publicly traded company, a worrying…

The European Commission will propose a new stimulus package to help the bloc recover from the economic damage caused by the coronavirus pandemic, Commission chief Ursula von der Leyen said on Saturday. “To ensure recovery the Commission will propose changes in the MFF proposal that will allow…

Russian oil giant Rosneft announced on Saturday it is halting its activities in Venezuela and selling its assets there, a country that has been hit by US trade sanctions. "Rosneft announces the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela,"…

Moody’s has downgraded South Africa’s credit rating to junk status, piling more anguish on an economy already in recession and battered by…

OneWeb, the high-profile London-based satellite start-up, has filed for bankruptcy protection in the US. The firm, which has been building a network to deliver broadband across the globe, blamed the Covid-19 crisis for its inability to secure new investment. OneWeb issued a statement saying it was laying…