Business

With the wide variety of original products from world’s number 1 IT brand Apple, Executive Machines Limited has inaugurated its Gulshan showroom in Dhaka in presence of prominent journalists. Apart from Apple’s laptop, desktop, iPhone, iPad,...

Nokia announced it has completed the acquisition of Unium, a Seattle-based software company that specializes in solving complex wireless networking problems for use in mission-critical and residential Wi-Fi applications. Unium’s software will be embedded into Nokia’s...

Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech...

Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc, has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content....

Barring a last-minute buyer, Toys ‘R’ Us will soon disappear from U.S. shopping centers, but the name and its iconic Geoffrey the Giraffe mascot is likely to survive for another generation of Toys ‘R’ Us kids....

The strike began at midnight on Sunday. Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the...

This market center to operate under the name of “Mercabal” will for the moment, only have clients from the non-agricultural cooperatives, explained the Domestic Trade Minister, Mary Blanca Ortega. The Cuban government opened on Saturday in...

The acquisition of Donskoy Tabak will be completed later this year. Japan Tobacco has agreed to buy Donskoy Tabak, Russia’s fourth-largest cigarette maker, for $1.6 billion (90 billion roubles) in a bid to reinforce its leading...

Lundbeck develops and distributes drugs for the neurological and psychological disease. Lundbeck agreed to buy Prexton Therapeutics, a specialist in treatments for brain disorders, in a deal potentially worth $1.1 billion, the Danish drugmaker said on...

The world’s largest heavy-duty equipment maker emerged last year from the longest downturn in its history. Caterpillar Inc will close two facilities in Texas and Panama and is also considering shutting its engine manufacturing plant in...