Economy

Chip giant IPO hit by Beijing crackdown on business

Shawdesh Desk: Chinese electric car maker BYD’s plan to sell shares in its computer chip making unit has been suspended, the latest share offering to be hit by Beijing’s crackdown

Govt’s purchase committee approves 8 proposals

Shawdesh Desk: The Cabinet Committee on Government Purchase (CCGP) approved eight proposals, including one for the printing, binding and supplying of 1,07,52,840 copies of textbook through 11 bidders. The approval came

Hackers steal $600m in major cryptocurrency heist

Shawdesh DEsk: Hackers have stolen some $600m (£433m) in what appears to be one the largest cryptocurrency heists ever. Blockchain site Poly Network said hackers had exploited a vulnerability in

Banks to return to normal operation hours from Wednesday

Shawdesh Desk: Banks will operate normally from Wednesday with customers’ transaction time from 10 am to 4 pm instead of current hours of 10 am to 2:30 pm. The Bangladesh

Snickers Spain pulls TV advert after homophobia accusations

Shawdesh Desk: Snickers in Spain has pulled a controversial TV advert that was heavily criticised for being homophobic. The 20-second commercial shows Spanish influencer Aless Gibaja transform into a bearded

Banks to remain closed on Sunday

Shawdesh Desk: Banks will remain closed on Sunday, said the Bangladesh Bank in a circular issued on Thursday. However, banks’ transaction time on Monday and Tuesday has been extended by

Qantas stands down 2,500 staff over Sydney lockdown

Shawdesh Desk: Qantas says it will stand down 2,500 staff as a lockdown in Sydney impacts air travel across Australia. The furlough – affecting pilots, crew and airport workers –

Export-oriented factories allowed to run from August 1

Shawdesh Desk: The government of Bangladesh has allowed the operation of export-oriented factories from August 1. A gazette notification signed by deputy-secretary Md Rezaul Islam of cabinet division confirmed the