Industry

Nestle Struggles Amid Weak China Market

Zurich: Nestle said Tuesday its net profit fell in the first half of the year as the Swiss food giant behind Nespresso coffee capsules and KitKat chocolate bars struggles to turn around its fortunes amid sluggish consumer spending in China.

Accordin…

Eurozone Business Activity Growth Hits 11-Month High in July

Brussels: Business activity in the eurozone increased for a seventh consecutive month in July, with the pace of expansion hitting an 11-month high, a closely watched survey showed on Thursday. The HCOB Flash Eurozone purchasing managers’ index (PMI) p…

Google-Parent Alphabet Earnings Shine With Help Of AI

Dhaka: Alphabet on Wednesday reported quarterly profits that topped expectations, saying artificial intelligence has boosted every part of its business. Alphabet’s second-quarter profit of $28.2 billion — on $96.4 billion in revenue — came with word…

EU-US Trade Talks Propel Stock Markets, Tesla Shares Tumble

New york: Stock markets experienced upward momentum on Thursday as optimism grew regarding a potential trade agreement between the European Union and the United States. Meanwhile, Tesla’s shares took a significant hit following disappointing earnings …

No Action to Be Taken That Harms Bangladesh’s Interests: Bashir

Dhaka: Commerce Adviser Sk. Bashir Uddin today assured that no measures would be taken that could potentially harm Bangladesh’s interests in response to the imposition of tariffs by the United States. Bashir addressed questions from journalists at the…

Trump’s Visit to the Federal Reserve Amid Tensions with Powell

Washington: Donald Trump is set to visit the US Federal Reserve on Thursday as he intensifies his criticism of its chairman, Jerome Powell, over the central bank’s economic management. Trump, who has been vocal about his desire to remove Powell for no…