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Tuesday, January 21, 2020
Business

Business

European garment brands to end Bangladesh factory inspections

A monitoring group set up by top European clothing brands to check worker safety standards in Bangladesh said Wednesday it will wrap up in May, more...

Telenor and Axiata back off from merger of Asian businesses

Norwegian telecom operator Telenor said Friday talks on merging its Asian operations with Malaysian telecoms group Axiata have ended due to complexities with the...

Getting out – tariffs push some US manufacturers to exit China

As fresh US tariffs on Chinese imports kick in, Illinois-based phone accessories manufacturer Ben Buttolph has been urgently moving production to other Asian countries...

European fashion brands agree new deal in Bangladesh

European fashion brands who buy readymade garments from Bangladesh agreed on Tuesday to hand over responsibility for issues like worker safety to a new body called...

US importers find ways to adapt to, skirt Trump’s tariffs

Big US companies are accelerating efforts to move more of their supply chains from China to neighbouring countries in light of Trump administration tariffs. Companies...

Indian authorities arrest top executive at retailer Future Group over unpaid duties

Indian federal authorities arrested a top executive at the retail conglomerate Future Group, one of the largest retailers in the country, on customs fraud...

Social businesses led by women can fix ‘any problem’: Muhammad Yunus

Social enterprises run by women and young people can fix the world's most pressing problems - from climate change to wealth inequality - because...

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...