Business

Taxify, an Estonian ride-hailing company aiming to take on Uber in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorized rickshaws and motorcycles, it...

Ikea revolutionized homeware retail with affordable, self-assembly furniture with a Scandinavian twist, sold in stroll-around megastores offering a break for Swedish meatballs. On Thursday its first Indian outlet opens — with success far from guaranteed. While...

Baidu Inc is prepared to win against Alphabet Inc’s Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight...

Tesla Inc has started hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion...

Indian taxi-hailing giant Ola is moving into the UK as it continues to challenge Uber around the world. The company, which was founded in 2011, has 125 million customers and already operates in 110 cities. It...

According to Reuters, the $1.5 billion (Tk124.3 billion) deal is one of the biggest cross-border mergers and acquisition transactions involving a Bangladeshi company Akij Group has signed an agreement with the Japan Tobacco (JT) Group over...

The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on...

PepsiCo chief executive Indra Nooyi is to step down after 12 years at the helm. She is among the world’s most prominent female business leaders and has consistently appeared on Forbes’ list of the 100 most...

Asian markets rose on Monday after a healthy lead from Wall Street as positive US jobs data trumped fresh trade war threats, while the yuan extended a recovery after the Chinese central bank moved to support the...

Grameenphone reduces tariff of two internet packages in accordance with government decision to reduce VAT on internet usage in Bangladesh from 15% to 5%. New benefits of other internet packages will also be offered soon. From...