Business

News Hour: Struggling Air Berlin, Germany’s second-largest airline, announced on Wednesday a major restructuring plan that shrinks its fleet and cuts 1,200 jobs. In a statement, the loss-making company said it planned to “concentrate its core...

News Hour: The Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to cut oil production in a surprise move aimed at boosting stubbornly weak crude prices. The news triggered an immediate spike of more than...

News Hour: Novo Nordisk has today announced its intention to reduce its workforce by approximately 1,000 employees of the 42,300 positions in the company’s global organization. This is one of the several actions taken to reduce...

News Hour: Air France, stylized as AIRFRANCE, is the French flag carrier headquartered in Tremblay-en-France,. It is a subsidiary of the Air France–KLM Group and a founding member of the SkyTeam global airline alliance.Following publication in...

News Hour: Growth in Southeast Asia’s largest economy is expected to continue at a healthy pace this year and next, even as the country faces a number of short term headwinds, says a new report by...

News Hour: Economic developments in Cambodia in 2016 have broadly unfolded as expected, says a new Asian Development Bank (ADB) report released today. ADB, in an update of its flagship annual economic publication, Asian Development Outlook...

News Hour: Lanxess AG is to buy U.S. speciality chemical company Chemtura for 2.4 billion euros ($2.69 billion) including debt in the German company’s largest ever takeover, moving it further away from its main synthetic rubber...

News Hour: U.S. drugmaker Pfizer Inc, which has been considering a split into two companies for more than two years, said on Monday it will not do so because the move would not create any shareholder...

News Hour: Huawei, the second largest android smartphone manufacturer in the world, has announced the price cut for a large array of its smartphones for the Bangladesh market. The Huawei Y5C, sporting a 4.5” display, an...

News Hour: Bangladesh’s Confidence Group has recently signed an agreement with the Centre for English Teaching and Research (CETR), Department of English, University of Dhaka. Under this agreement, CETR will train the employees of Confidence Group...