NsNewsWire | Bangladesh's First Press News Agency

Sharing apps shake up Chinese bike manufacturers

TIANJIN, March 22 (NsNewsWire) — The booming bike-sharing industry has had a polarizing effect on Chinese bicycle manufacturers, with big companies going full steam to churn out millions of bikes every month, and smaller firms dying due to a lack of orders. At factories of Flying Pigeon, a bike maker in Tianjin Municipality, production lines […]

Inflation surprise for Britain, government over-spending figure falls

LONDON, March 22 (NsNewsWire) — Britain’s consumer price index (CPI), a main gauge of inflation, jumped higher than expectations to 2.3 percent in February, while a fall in public sector borrowing figures will be a bonus for the government as it enters a possibly turbulent period of negotiating Brexit. The CPI figure from the official […]

Manchester United to face Spanish giants and city rivals in US tournament

LONDON, March 22 (NsNewsWire) — Manchester United will play five games in the United States this summer, including matches against Real Madrid, Barcelona and Manchester City in the Club’s Tour 2017, the English Premier League side announced on Tuesday. United will kick-off their pre-season in North America with two games against Major League Soccer sides, […]

Britain orders devices ban on flights from 6 Mideast nations

LONDON, March 22 (NsNewsWire) — Britain announced a ban on certain electronic devices being allowed in the cabin on Britain-bound flights from six Middle East countries. The ban will apply to Britain-bound direct flights from Turkey, Lebanon, Egypt, Saudi Arabia, Jordan and Tunisia, a British government spokesperson said, reports Xinhua. Phones, laptops and tablets larger […]

French interior minister resigns over daughters’ job

PARIS, March 22 (NsNewsWire) — French Interior Minister Bruno Le Roux stepped down on Tuesday following media reports claiming that he had employed his student-age daughters as his parliament assistants. The presidency office, the Elysee, said Le Roux resigned “in order to provide all the necessary clarifications to the truth’s establishment…” Junior foreign trade minister […]

S.Korean prosecutors end interrogation of ousted President Park

SEOUL, March 22 (NsNewsWire) — South Korean prosecutors ended a marathon interrogation of ousted President Park Geun-hye late on Tuesday night over a corruption scandal that led to her impeachment. The 14-hour-long questioning came to an end at about 11:40 p.m. local time (1440 GMT) as Park appeared in the Seoul Central District Prosecutors’ Office […]

Dollar changes hands in mid-112 yen range in early trade in Tokyo

TOKYO, March 21 (Xinhua) — The U.S. dollar changed hands in the mid-112 yen zone in early deals in Tokyo on Tuesday, largely in line with levels seen overnight in New York. At 9 a.m., the dollar was quoted at 112.57-58 yen compared with 112.50-60 yen in New York. The euro, meanwhile, fetched 1.0737-0737 dollars […]

Economic Watch: Why a slower Chinese economy will help anchor global growth

BEIJING, March 21 (NsNewsWire) — A slower but more sustainable Chinese economy will be good for China and better for the rest of the world. The world economy has been in a low-growth trap for five years, as persistent growth shortfalls have weighed on future output expectations while widening productivity gaps contributed to rising inequality, […]

Tokyo stocks lose ground in morning as strong yen sends exporters lower

TOKYO, March 21 (Xinhua) — Tokyo stocks lost ground Tuesday morning as Wall Street’s losses created a weak tone, while a firm yen against the U.S. dollar dented investor sentiment and sent exporters lower. The 225-issue Nikkei Stock Average dropped 51.97 points, or 0.27 percent, from Friday to 19,469.62. The broader Topix index of all […]