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Wednesday, June 26, 2019
Business

Business

Big clothes brands found to fall short of own fair wage promises

The world's top clothing brands are failing to fulfil their own promises to pay workers a fair living wage that covers basic family needs,...

US fires arrow into Huawei’s Achilles heel

The Trump administration's move to block US technology sales to Huawei shoots an arrow deep into the Chinese tech giant's Achilles heel -- its...

Ethiopian clothes makers earn less than half the salary of Bangladeshi tailors: study

Ethiopia's clothes factory workers, producing items for top fashion brands including Guess, H&M and Calvin Klein, are the worst paid in the world, earning...

Telenor and Axiata enter talks to merge Asian businesses

Norwegian telecom operator Telenor said Monday it has entered into talks with Malaysian telecoms group Axiata about a potential merger of the companies' Asian...

Fashion giant H&M lists suppliers for all garments to tackle worker abuses

Fashion brand H&M has become the first major retailer to list individual supplier details for each garment on its website to increase transparency in...

Bangladesh garment makers ask government to extend export subsidy

Bangladesh’s garment makers have asked the government to extend a 5 percent export subsidy for the industry, saying they are being squeezed between low...

Dutch sweets giant probes ‘attack’ on Bangladesh factory workers

The Dutch sweets giant behind the Mentos and Alpenliebe brands has pledged to investigate after its workers in Bangladesh said they were attacked, just weeks after...

The downfall of Jet Airways: How India’s premium airline crumbled

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan...

First female boss vows to shake up Bangladesh’s fashion factories

The first woman to head one of Bangladesh's biggest garment associations said on Tuesday she would boost female leadership as most factory workers were women,...

World Bank forecasts Bangladesh growth of 7.3 pct, to miss govt projection

The World Bank on Thursday predicted Bangladesh's economy will grow at 7.3 percent in the fiscal year that ends on June 30, lower than a...