Business
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Canada’s BCE cutting 4,800 jobs, selling 45 radio stations
Feb 14, 2024The biggest communications company in Canada, BCE Inc., revealed on Thursday that it would sell 45 radio stations throughout the nation and eliminate 4,800 jobs, or 9% of its staff. According to financial documents from Bell... -
Jeff Bezos sells off $2 bn in Amazon shares
Feb 14, 2024As to the latest stock market filings, Jeff Bezos, the founder of Amazon, has divested almost $2 billion worth of shares in the online distribution behemoth. Documents submitted to stock market regulatory bodies on Friday state... -
Bangladesh-India river trade route in Rajshahi opens Monday
Feb 10, 2024The goal of opening the Rajshahi-Murshidabad river route on Monday is to improve trade and commerce between Bangladesh and India, two of its neighbors. The Sultanganj River Port, located in the district’s Godagari Upazila, is scheduled... -
Kering’s sales and net profit fell in 2023
Feb 10, 2024French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around its flagship brand Gucci. Kering, whose... -
Canada’s largest communications conglomerate BCE Inc. announced to cut 4,800 jobs
Feb 10, 2024Canada’s largest communications conglomerate BCE Inc. announced Thursday it plans to cut 4,800 jobs, or nine percent of its workforce, and sell off 45 radio stations across the country. Bell Canada Enterprises Inc., the parent of... -
Gucci owner Kering says profit fell 17% in 2023
Feb 9, 2024The French luxury conglomerate Kering revealed on Thursday that its net profit and sales declined in 2023 and that its investment strategy will have an impact on its performance this year as it restructures its operations... -
MCCI launches PMI program in Bangladesh
Feb 6, 2024At its Gulshan office in the city, the Metropolitan Chamber of Commerce and Industry (MCCI) today launched the Purchasing Managers’ Index (PMI) for Bangladesh in collaboration with Policy Exchange Bangladesh (PEB) and with funding from the... -
Snap to cut around 528 employees, or 10% of its global workforce
Feb 6, 2024Snap said on Monday it would cut around 528 employees, or 10% of its global workforce, a sign that the spate of tech layoffs seen in 2023 could persist as firms grapple with economic uncertainty. The... -
Britain to spend more than 100 million pounds to launch nine new research hubs in AI
Feb 6, 2024Britain on Tuesday said it would spend more than 100 million pounds ($125 million) to launch nine new research hubs in artificial intelligence (AI) and train regulators about the technology. “AI is moving fast, but we... -
Stellantis Chairman John Elkann denied the carmaker had merger plan
Feb 6, 2024Stellantis Chairman John Elkann on Monday denied the carmaker had merger plans, responding to press speculation about a possible French-led tie-up with rival Renault. Elkann said that the Peugeot owner, the world’s third largest carmaker by...
