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Major US Twitter accounts hacked to solicit digital currency

Major US Twitter accounts hacked to solicit digital currency

-- 2020-07-16 22:55:15

Twitter said hackers accessed its internal systems to hijack some of the platform’s top voices including former US President Barack Obama, US presidential candidate Joe Biden, reality TV star Ki...

Emerging technologies entrenching racism, discrimination: UN expert

Emerging technologies entrenching racism, discrimination: UN expert

-- 2020-07-16 21:41:40

An independent UN human rights expert called for greater scrutiny of emerging digital technologies which she said are being used to uphold racial inequality, discrimination and intolerance. Special R...

ICT-driven PPP to fight Covid-19

ICT-driven PPP to fight Covid-19

FE Online Desk 2020-07-16 20:32:35

As COVID-19 cases surge throughout the nation, it is imperative for Bangladesh to utilize ICT in the healthcare system to stave off the challenges posed by a catastrophe. The ICT Division of the Gove...

Govt fixes $48.0b export target for current fiscal

Govt fixes $48.0b export target for current fiscal

-- 2020-07-16 18:18:09

Commerce Minister Tipu Munshi on Thursday said that the government has fixed $48.0 billion export target for the current fiscal year 2020-2021. “$41.0 billion has been fixed for goods export se...

New depth map over the Arctic Ocean comes out in Scientific Data

New depth map over the Arctic Ocean comes out in Scientific Data

FE ONLINE DESK 2020-07-16 15:59:33

Details of a new depth map of the Arctic Ocean have been published in the nature journal Scientific Data, according to a press release. The new portrayal of the Arctic Ocean floor is in the form of a...

China's GDP expands 3.2pc in second quarter

China's GDP expands 3.2pc in second quarter

Xinhua 2020-07-16 15:44:39

China's gross domestic product (GDP) expanded 3.2 per cent year on year in the second quarter (Q2) of 2020, data from the National Bureau of Statistics (NBS) showed Thursday. In the first half of thi...

IMF chief warns global economy 'not out of the woods'

IMF chief warns global economy 'not out of the woods'

REUTERS 2020-07-16 11:56:36

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International...

Bangladesh a promising IT hub: Oracle exec

Bangladesh a promising IT hub: Oracle exec

FE REPORT 2020-07-16 10:18:06

Bangladesh is a promising market for the latest global innovations on information technology, Oracle ASEAN and SAGE regional managing director Cherian Varghese said. "Seeing the prospects here, we've...

Govt may set $41b goods export target

Govt may set $41b goods export target

FE REPORT 2020-07-16 09:21:49

The government is likely to set US$41.0 billion goods export target for this fiscal year (FY), 2020-21, predicting over 21 per cent growth, sources said. It is also going to fix additional $7.0 billi...

Every person has unique visual fingerprint: Study

Every person has unique visual fingerprint: Study

Xinhua 2020-07-15 18:20:52

Our human ability to pinpoint the exact location and size of objects varies from one to another, and even within our own individual field of vision, according to a research released by the University...

V-shaped rebound expected in China

V-shaped rebound expected in China

Global Times 2020-07-15 16:33:34

After turning in its first contraction on record in the first quarter amid the epidemic, China's economy is back on a growth track in the second quarter, market estimates collected by the Global Times...

US Fed warns of deep uncertainty amid resurgence in Covid-19 cases

US Fed warns of deep uncertainty amid resurgence in Covid-19 cases

-- 2020-07-15 13:13:06

Amid a recent resurgence in Covid-19 cases, a US Federal Reserve official has warned of "a thick fog of uncertainty," noting that the economic recovery is likely to face headwinds. "The recent resurg...

Vibrant bond market to help reduce liquidity crisis: BLFCA

Vibrant bond market to help reduce liquidity crisis: BLFCA

FE Online Desk 2020-07-15 12:44:34

Leaders of non-banks or non-bank financial institutions (NBFIs) Tuesday said they would come forward to revive the country's economy in the face of ongoing pandemic by working on liquidity crisis, enh...

Boom time for parcel service in pandemic

Boom time for parcel service in pandemic

ADNAN HOSSAIN BHUIYAN 2020-07-15 10:20:12

Courier and parcel service sector is doing a roaring trade even during the pandemic as consumers from home are ordering more products online than ever before. E-commerce sites, Facebook-based online...

Covid cripples ADP execution in FY'20

Covid cripples ADP execution in FY'20

FHM HUMAYAN KABIR 2020-07-15 09:41:20

Coronavirus pandemic has impinged on the project implementation rate as the government agencies executed only 80 per cent in the just-concluded fiscal year, official data shows. However, the public...

BD eyes Africa as ME job mkts shrink

BD eyes Africa as ME job mkts shrink

Mir Mostafizur Rahaman 2020-07-15 09:35:10

Bangladesh has now decided to resume efforts to explore job markets in Africa against the backdrop of mass deportation of foreign workers from the Middle-East (ME) countries. Earlier, a written propo...

NBFIs 'out of step with banks'

NBFIs 'out of step with banks'

FE REPORT 2020-07-15 09:26:47

The Bangladesh Leasing and Finance Companies Association (BLFCA) Tuesday sought government help to bring bonds and sukuk in the market to ensure long-term sources of funds for the non-bank financial...

Bangladesh, China form joint venture on renewable energy

Bangladesh, China form joint venture on renewable energy

FE ONLINE REPORT 2020-07-14 18:10:37

China and Bangladesh has established a new joint venture company (JVC), titled “Bangladesh-China Power Company (Pvt) Ltd (Renewable),” to implement renewable energy projects having a targe...

ADB to hold annual meeting’s 2nd stage virtually in September

ADB to hold annual meeting’s 2nd stage virtually in September

-- 2020-07-14 17:02:42

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17 to 18. The event will include a formal business session and selected knowledg...

Global small businesses struggle for survival amid pandemic

Global small businesses struggle for survival amid pandemic

-- 2020-07-14 14:48:18

Millions of small businesses around the globe struggle to survive during the Covid-19 pandemic. More than three months had dragged by since the coronavirus forced Chandan Shekhar to shut down his bus...

Nokia rolls out software upgrade to 5G

Nokia rolls out software upgrade to 5G

Reuters 2020-07-14 13:50:35

Finnish telecom equipment maker Nokia launched on Tuesday software which enables mobile operators to upgrade their 4G radio stations to new 5G technology without visiting the site or replacing equipme...

UK economy begins tepid recovery in May after record slump

UK economy begins tepid recovery in May after record slump

REUTERS 2020-07-14 12:54:54

Britain’s economy took a first step on the long road to recovery from the Covid-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease. Gross domestic product...

Pandemic knocks Singapore into recession with record 41pc GDP plunge

Pandemic knocks Singapore into recession with record 41pc GDP plunge

REUTERS 2020-07-14 12:08:31

Singapore’s economy suffered a record contraction in the second quarter, tipping it into recession and putting the trade-reliant city-state on course for its worst ever slump this year as the co...

$2.0b budgetary support likely this fiscal year

$2.0b budgetary support likely this fiscal year

SYFUL ISLAM 2020-07-14 09:17:18

The government is working on securing about $2.0 billion budgetary support from bilateral and multilateral development partners in the current fiscal year (FY), finance ministry officials said. In...

Govt to unveil economic review in Sept next

Govt to unveil economic review in Sept next

FE Online Report 2020-07-13 16:21:20

The economic review, a popular budget publication, will now be published sometime in September next. The publication usually covers data relating to the country's economic activities. The finance di...

Pause, reflect: Five questions for the ECB

Pause, reflect: Five questions for the ECB

REUTERS 2020-07-13 16:04:13

For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the Covid-19 hit, markets are stable and agreement o...

Mexico loses over 900,000 jobs due to Covid-19 in H1

Mexico loses over 900,000 jobs due to Covid-19 in H1

-- 2020-07-13 12:55:23

Mexico lost 921,583 jobs in the first half (H1) of 2020 largely due to the impact of Covid-19, the Mexican Institute of Social Security (IMSS) reported on Sunday. In June alone, Mexico lost 83,311...

'Archaic forex rule deters foreign investors'

'Archaic forex rule deters foreign investors'

FE REPORT 2020-07-13 09:46:19

Bangladesh needs to make progress in five key areas in the coming days to attract both domestic and overseas investments, business leaders and economists say. The five factors are further facilitat...

Budget deficit and inflation rate more important than GDP growth

Budget deficit and inflation rate more important than GDP growth

FE Online Desk 2020-07-13 00:42:03

The Institute of Chartered Secretaries of Bangladesh (ICSB) organized a Continuing Professional Development (CPD) programme on "Finance Act 2020 and Its Impact on the Business” on July 11 on v...

Policy, reforms to encourage private investment stressed

Policy, reforms to encourage private investment stressed

FE ONLINE REPORT 2020-07-12 18:25:00

Bangladesh needs to quickly design and roll out policy actions and reforms on long-standing issues holding back private investment in order to effectively address the unfolding impacts of coronavirus-...