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    India auto parts makers warn of 1m job cuts if slowdown continues

    Reuters . New Delhi | Updated at 12:00am on July 26, 2019

    India’s auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the slowdown in vehicle sales continues, the president of the country’s largest industry group for...

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    Nissan to cut 12,500 jobs as crisis deepens after profit wipe out

    Reuters . Yokohama | Updated at 12:00am on July 26, 2019

    Nissan Motor Co unveiled its biggest restructuring plan in a decade, axing nearly a tenth of its workforce and flagging possible plant closures to rein in costs that ballooned when...

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    Arfan re-appointed president and MD of Bank Asia

    Business Desk | Updated at 12:00am on July 26, 2019

    Md Arfan Ali has been re-appointed as president and managing director of Bank Asia Ltd for the second term, said a press release. Arfan started his career with Arab Bangladesh Bank as...

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    Facebook warns of costly privacy changes, discloses another US probe

    Reuters . San Francisco | Updated at 12:00am on July 26, 2019

    Facebook Inc said on Wednesday that new rules and product changes aimed at protecting users’ privacy would slow its revenue growth into next year and significantly raise expenses, taking the...

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    Saudi Arabia struggles to end oil addiction

    Reuters . Dubai | Updated at 12:00am on July 26, 2019

    When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi. Chief executive Amin Nasser arrived...

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    Samsung delayed Galaxy Fold now ready for Sept launch

    Reuters . Seoul | Updated at 12:00am on July 26, 2019

    Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this...

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    China, Malaysia restart massive ‘Belt and Road’ project after hiccups

    Reuters . Dungun | Updated at 12:00am on July 26, 2019

    China and Malaysia resumed construction on a massive ‘Belt and Road’ train project in northern Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut...

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    Decline in German business morale fuels recession fears

    Reuters . Berlin | Updated at 12:00am on July 26, 2019

    German business morale plunged in July to its lowest level in more than six years, a survey showed on Thursday, in a further sign that a manufacturing crisis is pulling Europe’s largest economy toward...

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    Nokia beats forecasts as 5G sales start to kick in

    Reuters . Helsinki | Updated at 12:00am on July 26, 2019

    Finnish telecom network equipment maker Nokia posted a surprise jump in second-quarter profit on Thursday and stuck to its 2019 earnings outlook as demand for next-generation 5G equipment...

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    Biman gets 3rd Dreamliner ‘Gangchil’

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on July 26, 2019

    Water cannons spouted as the wheels of Biman Bangladesh Airlines third brand new Boeing 787-8, known as the ‘Dreamliner’ touched down on the tarmac at Hazrat Shahjalal International Airport on...