Economy

Asia, News

Cenbank relaxes LC margin on fertiliser import to stabilise price

Previously, in early September this year, the Bangladesh Bank had waived the 100% LC cash margin on all types of import, except for some luxury items Bangladesh Bank Eases LC Cash Margin to Ensure Fertiliser Supply and Stabilize Prices In an effort to ensure an adequate supply of fertilisers and maintain price stability, Bangladesh Bank […]

Innovation

The weird history of the barcode

Few people think twice about the barcodes on their shopping, but in the 75 years since they were first dreamed up, they have helped save lives, gone into space and stoked fears of the Antichrist. Lasers. That’s what supermarket staff need, insisted Paul McEnroe. Scanners in the checkout and little pistol-shaped laser guns, too. Point,

Innovation, Science & Technology

Elon Musk’s Starship booster captured in world first

 Elon Musk’s Starship makes historic launch pad return When the flight director gave the go-ahead, cheers went up from SpaceX employees at mission control.The company had said that thousands of criteria had to be met for the attempt to be made.As the Super Heavy booster re-entered the atmosphere it slowed down from speeds in excess

Business, Economy

Man denies being mysterious inventor of Bitcoin

A new documentary claims to have solved the greatest mystery in cryptocurrency: the true identity of the inventor of Bitcoin. A new documentary claims to have solved the greatest mystery in cryptocurrency: the true identity of the inventor of Bitcoin. The question has captivated the internet since the digital currency was launched by an unknown

Business, Economy, News

Boeing to axe a tenth of its workers as strike continues

Boeing will axe its workforce by a tenth – cutting 17,000 jobs – and delay production as the aeroplane maker deals with issues across its business. Boeing will axe its workforce by a tenth – cutting 17,000 jobs – and delay production as the aeroplane maker deals with issues across its business.Chief executive Kelly Ortberg

Business

Bill Gates commissions superyacht powered by liquid hydrogen

The yacht, Aqua was designed by Sinot Yacht Architecture & Design and Lateral Naval Architects Microsoft cofounder Bill Gates has commissioned a $645 million superyacht which will be powered by liquid hydrogen. Gates’ superyacht, dubbed Aqua, is the first of its kind. It will be powered by liquid hydrogen, and was first revealed in December

Economy

The UK coal-fired power station that became a giant battery

With the closure of the last coal-fired power station in the UK, it raises questions about how old fossil fuel infrastructure can be repurposed. One option is to use them to store energy from renewables. It’s an unassuming place for a major era of British history to come to an end. Surrounded by farmland drenched

Business

Toiling on a Kenyan flower farm to send fresh roses to Europe

On a moonless night in the Kenyan lakeside town of Naivasha, Anne sits inside a makeshift, two-room house, exhausted after a gruelling shift picking and sorting roses. On a moonless night in the Kenyan lakeside town of Naivasha, Anne sits inside a makeshift, two-room house, exhausted after a gruelling shift picking and sorting roses. Anne

Economy

Google restricts creation of new accounts in Russia, news agencies report

It has blocked more than 1,000 YouTube channels, including state-sponsored news, and over 5.5 million videos Google has been under pressure in Russia for several years, particularly for not taking down content Moscow considers illegal and for blocking the YouTube channels of Russian media and public figures since Moscow’s invasion of Ukraine. “The ministry confirms

Economy, News

Secret Service ‘aware’ of Elon Musk post about Harris, Biden

Elon Musk wrote that “no one is even trying” to kill Joe Biden or Kamala Harris in a since-deleted tweet. The US Secret Service says it is “aware” of a social media post by Elon Musk in which he said that “no one is even trying” to assassinate President Joe Biden or Vice-President Kamala Harris.Mr

Economy

UK farming’s ‘net zero’ climate target in doubt

The NFU had set a “national aspiration” for farming to produce net zero greenhouse gas emissions by 2040 Ambitious plans to make farming ‘net zero’ by 2040 – 10 years ahead of the UK’s legally-binding national target – may not be achieved, the National Farmers’ Union (NFU) has told the BBC.Reaching net zero means no

Business

How will the Irish government spend Apple’s €14bn?

The EU’s highest court ruled that Apple had benefited from an illegal sweetheart tax deal in Ireland Ireland’s government has been told it needs to collect €14bn (£11.8bn) in back taxes from Apple.The EU’s highest court ruled that the US technology firm had benefited from an illegal sweetheart tax deal in the country.But how will

Economy

Apple told to pay Ireland €13bn in tax by EU

Apple has been ordered to pay Ireland €13bn (£11bn; $14bn) in unpaid taxes by Europe’s top court, putting an end to an eight-year row. Apple has been ordered to pay Ireland €13bn (£11bn; $14bn) in unpaid taxes by Europe’s top court, putting an end to an eight-year row.The European Commission accused Ireland of giving Apple

Economy

Google’s lucrative ad tech business goes on trial

The US government is taking aim at the engine of Google’s immense wealth – its extremely lucrative ad tech business. A trial beginning on Monday will hear the Department of Justice’s case that the search engine’s parent company Alphabet illegally operates a monopoly in the market.The company earned more than $200 billion (£152bn) last year

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