Business - NsNewsWire

Norway to build world’s first ship tunnel

OSLO, April 9 (Xinhua) — Norway will build the world’s first ship tunnel on the Western Stad peninsula to facilitate freight and passenger ship navigation in avoiding a dangerous coastal area, according to the Norwegian Coastal Administration. The 1700-meter-long, 37-meter-wide and 26.5-meter-tall tunnel will pass through the narrowest part of the Stad Peninsula, allowing freight […]

Chinese companies come, hiring more locals in U.S.

BEIJING, April 9 (Xinhua) — Jesus Flores, 59, lives in the U.S. rust-belt town of Illinois. Eighteen years ago, just as he became a father, he lost his job. With the added burden of being responsible for a new life, Flores was beside himself with worry about how he would provide for his growing family. […]

aaa0409 Robi brings innovative mobile recharge campaign through MFS

DHAKA, April 9 (Xinhua) — Leading mobile phone operator, Robi has introduced an innovative recharge campaign for its users. Customers can now enjoy a bonus of 32 min and 32 MB data by recharging 32 taka through bKash &/ Rocket. The bonus offer will be valid for two days and can be used between 12 […]

Chinese gov’t cuts budget on overseas trips, vehicles, receptions

BEIJING, April 8 (Xinhua) — The central government has continued to cut its annual budget for overseas trips, vehicles and receptions this year. Central government departments will spend a maximum of 6.15 billion yuan (891 million U.S. dollars) on the “three public consumptions” in 2017, down 31 million yuan from 2016, according to the Ministry […]

World Bank Provides $507 Million Financing to Improve Infrastructures in Bangladesh

WASHINGTON, April 7 (NsNewsWire) — The World Bank has approved $507 million financing for two projects in Bangladesh to enhance the local financial institutions’ capacity to provide long-term financing for private sector-led infrastructure projects, and improve multimodal transport and trade logistics infrastructure and services, including modernizing of land ports. Built on the success of […]

U.S. firms keen to invest in China

SHANGHAI, April 7 (Xinhua) — After 20 years of doing business in China, U.S. medical technology firm Medtronic chose Shanghai as the site for its first bioprosthetic heart valve manufacturing site outside the America. “The manufacturing site represents… a positive collaboration between Medtronic and our local business partners to increase healthcare access,” said Omar Ishrak, […]

Huawei Spain launches fifth edition of its grant program for study in China

MADRID, April 7 (Xinhua) — Huawei Spain said in a communique Friday that it is launching the fifth edition of its grant program that gives Spanish students the opportunity to study in China. Fifteen university students who are in the second or third year of their studies in telecommunications, engineering or computer studies would be […]

LG Electronics’ operating profit almost doubles in Q1

SEOUL, April 7 (Xinhua) — LG Electronics saw its first-quarter operating profit almost double compared with a year earlier, a regulatory filing showed Friday. Operating profit reached 921.5 billion won (810 million U.S. dollars) in the January-March quarter, up 82.4 percent from the same period of last year. The first-quarter revenue was 14.66 trillion won, […]

Bangladesh earns 26 bln USD in exports in 3Qs of current fiscal

DHAKA, April 6 (NsNewsWire) — Bangladesh’s export income in the first three quarters of the current 2016-17 fiscal year (July 2016-June 2017) grew 3.97 percent to nearly 26 billion U.S. dollars, an official said Thursday, reports Xinhua. The Export Promotion Bureau (EPB) official told Xinhua that the country earned a total of 25,946.02 million U.S. […]