A large-scale incident involving some 2,000 Foxconn Technology Group factory workers has forced the closure of one of the tech supplier’s plants in China, the company confirmed Monday. The company described the incident as a “personal dispute between several employees” that escalated to include thousands of people. Some 40 people were taken to the hospital, [...]
The new Forbes list of the richest Americans shows that old money endures, and that the would-be kings of the second dotcom age have been served. The top three American billionaires in this year’s Forbes poll have a combined age of 206. Bill Gates, 56, heads the poll again with a fortune of $66bn, $7bn [...]
Tens of thousands of people have rallied in Spain and Portugal in protest at spending cuts and tax rises in the debt-hit countries. In Madrid, public sector workers from all over Spain blocked the capital’s Plaza de Colon square and nearby roads. Protests were held in Lisbon and across Portugal, with one person reportedly attempting [...]
After almost 60 years, Coca-Cola is on sale again in Burma. It’s one of the world’s most recognised brands, so are there any countries where the drinks giant still remains unsold? Coca-Cola says it sells 1.8 billion servings of the drink every day. But for the last six decades, none has been in Burma. That’s [...]
Investors will once again look for further measures to stimulate the U.S. economy as the Federal Reserve meets this week. They’ll also be watching Europe, as the German Constitutional Court hands down a ruling that could impact the European Central Bank’s plans to preserve the euro. The court is expected to issue a decision on [...]
Some Republicans want to take the country forward by taking us back — way back – to the gold standard. The Republican party platform, approved on Tuesday, warns against the evils of “easy money and loose credit” and calls for a commission to ”investigate possible ways to set a fixed value for the dollar.” This proposal is clearly [...]
Shares of Samsung Electronics have suffered their biggest fall in a single day, in almost four years, after a US jury found the technology giant copied designs from Apple. The South Korean company’s shares fell 7% in Seoul trading, the most since October 2008. The company was ordered to pay $1.05bn (£665m) in damages to [...]
The board of directors of state-owned Sonali Bank Limited yesterday decided to issue show-cause notices on its 32 officials accused of being involved in the Hallmark loan scam. A former managing director and two incumbent deputy managing directors of the bank will also have to face the music for their roles in the scam [...]
The government has decided to export rice to boost up the market price of the staple food and ensure fair price for the marginal farmers, Finance Minister AMA Muhith said on Sunday. The govt took the decision as Bangladesh now turned into a rice-surplus country and the prices of rice have been falling, Muhith briefed [...]
Bangladesh Bank (BB) Governor Dr Atiur Rahman on Thursday promised a zero-tolerance approach to banks’ customer harassments. The governor’s warning came at the launch of the first ever annual report of the ‘Customers’ Interests Protection Centre (CIPC)’ at BB in the capital. “Protecting the interests of the customers and depositors bears a great importance to [...]