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News

IMPORT, EXPORT COST GOES UP AS FREIGHT RATES RISE

Freight charges have risen in the last few weeks due to the adverse effects of Covid-19 on the global shipping sector, pushing the cost for importers and exporters in Bangladesh, industry people said. Major mainline operations have increased the freight rates citing an acute shortage of empty containers following a surge in demand for imports. …

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AMAZON HIT BY RECORD $887 MILLION EU PRIVACY FINE

Amazon (AMZN) faces a record-breaking €746 million (roughly $887 million) fine after a European Union data privacy regulator said the e-commerce giant had violated the bloc’s signature privacy law, known as GDPR, in an advertising-related decision. The fine was imposed on July 16 and disclosed Friday in a financial filing. It is the largest in the law’s three-year history, …

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GOLDMAN SACHS DRAWS A LINE IN THE SAND ON EMPLOYEE VACCINATION

All eyes are on Wall Street as the Covid-19 Delta variant continues to spread and Corporate America starts rolling out vaccination policies.And although there’s talk of banks requiring employees to show proof of vaccination, Goldman Sachs has drawn its line in the sand. The investment bank is barring employees from using their ID cards to enter the …

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