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Twitter, TweetDeck back up after suffering global outage

Twitter, TweetDeck back up after suffering global outage

Reuters 2019-10-02 16:09:56

Twitter Inc was apparently back up on Wednesday after a worldwide outage hit the micro-blogging platform’s website and its dashboard management platform TweetDeck, affecting thousands of users....

German institutes slash GDP growth forecasts

German institutes slash GDP growth forecasts

-- 2019-10-02 14:18:01

Germany’s leading economic institutes on Wednesday slashed their growth forecasts in Europe’s biggest economy for this year and next. They blamed the weaker global demand for manufacturin...

How Bangladesh’s economic growth is stealing India’s thunder: The Indian Express

How Bangladesh’s economic growth is stealing India’s thunder: The Indian Express

-- 2019-10-02 13:38:27

The Asian Development Bank (ADB), on its latest economic outlook update, has shown how Bangladesh, and not India, is the standout economy in terms of growth momentum in South Asia. The Indian Express,...

Researchers develop computer game to diagnose mental illness

Researchers develop computer game to diagnose mental illness

Xinhua 2019-10-02 12:36:43

Researchers from Australia's peak scientific body developed a computer game capable of helping diagnose mental health disorders. The game, developed by the Data61 team at the Commonwealth Scientific...

Q1 remittance flow rises

Q1 remittance flow rises

Siddique Islam 2019-10-02 10:44:44

The inflow of remittances grew by more than 16 per cent in the first quarter (Q1) of this fiscal year (FY) as the government has announced a 2.0 per cent incentive on remittance receipts. The flow of...

'Higher FDI flow linked to growth momentum'

'Higher FDI flow linked to growth momentum'

MIR MOSTAFIZUR RAHAMAN 2019-10-02 10:19:02

Bangladesh needs to strengthen its capital market so that entrepreneurs remain dependent less on financial institutions for funds, said Graham Wrigley, Chairman of CDC Group Plc, the UK government's i...

ADB provides $150m for infrastructure development of two regions

ADB provides $150m for infrastructure development of two regions

-- 2019-10-01 20:54:28

The Asian Development Bank (ADB) agreed to give $150 million as loans aiming to develop crucial infrastructure such as roads, drains and capacity in Dhaka and Khulna. To this end, ADB and the govern...

India's current account gap narrows in June quarter vs year ago

India's current account gap narrows in June quarter vs year ago

-- 2019-10-01 13:56:24

India’s current account deficit (CAD) narrowed to 2.0 per cent of gross domestic product in the June quarter of the fiscal year ending March 2020 from 2.3 per cent in the same period a year ago...

BIN update: NBR seeks curb on errant importers

BIN update: NBR seeks curb on errant importers

FE REPORT 2019-10-01 11:05:20

The National Board of Revenue has requested the central bank to ask banks not to open letters of credit in favour of any importers who skipped updating business identity. Importers are required to re...

Aug private sector credit growth falls

Aug private sector credit growth falls

SIDDIQUE ISLAM 2019-10-01 09:49:07

Private credit growth decelerated further in August as some banks had to prepare for complying with the central bank's revised advance-deposit ratio rules. Lower import growth also pushed down the pr...

Financial sector commission’s report on Modern Day Slavery launched in UN

Financial sector commission’s report on Modern Day Slavery launched in UN

-- 2019-09-30 19:53:41

The final report of the Financial Sector Commission on Modern Slavery and Human Trafficking was formally released at an important UN event in New York on September 27, said a press release. The Commi...

Package tour visitors to Macao drop in Aug

Package tour visitors to Macao drop in Aug

-- 2019-09-30 15:37:21

Package tour visitors to Macao dropped by 18.8 per cent year-on-year to 635,000 in August 2019, the special administrative region (SAR)'s statistics department said on Monday. The latest report from...

Gas, tobacco sectors: Tax revenue receipts drop in July-August

Gas, tobacco sectors: Tax revenue receipts drop in July-August

DOULOT AKTER MALA 2019-09-30 10:32:27

The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as two large sectors -- ga...

Govt targets Tk 13.93b negative bank borrowing for Oct

Govt targets Tk 13.93b negative bank borrowing for Oct

Siddique Islam 2019-09-30 09:45:52

The government's net borrowing from the country's banking system is set to be negative in October, as it is scheduled to repay more than Tk 10 billion from surplus, officials said. The Ministry of Fi...

Double-digit GDP growth in next five years: Kamal

Double-digit GDP growth in next five years: Kamal

FE Online Desk 2019-09-29 13:11:35

Finance minister AHM Mustafa Kamal today (Sunday) said Bangladesh's gross domestic product (GDP) growth will touch the double digit within the next five years. The country will make it with completio...

'Every capable person to have employment opportunity by 2030'

'Every capable person to have employment opportunity by 2030'

-- 2019-09-28 19:01:46

Finance Minister AHM Mustafa Kamal has expressed his hope that all capable persons of the country will have employment opportunity by 2030. “I believe that by 2030, every capable person of the...

Bulgarian economist Kristalina Georgieva becomes new IMF head

Bulgarian economist Kristalina Georgieva becomes new IMF head

BBC 2019-09-28 18:21:28

Bulgarian economist Kristalina Georgieva has been appointed as the new managing director of the International Monetary Fund for a five-year term, starting on October 1. Ms Georgieva, who was previous...

China 'in very good direction' in 5G deployment: Qualcomm CEO

China 'in very good direction' in 5G deployment: Qualcomm CEO

Xinhua 2019-09-28 18:05:54

China is "in very good direction" in deploying 5G networks, Steve Mollenkopf, chief executive officer (CEO) of US technology and chip giant Qualcomm Inc. said. China is very progressive in the speed...

Australia pledges $68m more in aid to farmers

Australia pledges $68m more in aid to farmers

-- 2019-09-28 12:10:52

Australia will set aside an additional $100 million Australian dollar (68 million US dollar) to support the country’s drought-stricken farmers, Prime Minister Scott Morrison said on Friday. Aus...

Ease of doing business: BD among top-20 improvers

Ease of doing business: BD among top-20 improvers

-- 2019-09-28 10:25:40

Bangladesh has taken its position among the top-20 improvers in the ease of doing business 2020 as the country has implemented various reform initiatives to create a business-friendly environment, acc...

Battle to woo trade war's corporate refugees intensifies

Battle to woo trade war's corporate refugees intensifies

Reuters 2019-09-27 20:42:22

When trade war tariffs jolted Chinese tire-maker Prinx Chengshan into speeding up foreign investment plans, the company wound up in Thailand, thanks to that country’s relentless courtship. With...

‘Farmers to get machineries at subsidised rate from next season’

‘Farmers to get machineries at subsidised rate from next season’

-- 2019-09-27 19:10:48

Farmers will be provided with agricultural machinery at subsidiary rates in order to boost production and save them from losses, said Agriculture Minister Muhammad Abdur Razzaque. The minister told...

Japan strong partner in delivery of SDGs: Dr Bhattacharya

Japan strong partner in delivery of SDGs: Dr Bhattacharya

FE Online Report 2019-09-27 17:58:40

Japan is a strong development partner in delivery of Sustainable Development Goals (SDGs) in Bangladesh, said Dr Debapriya Bhattacharya. The economist said it while delivering a lecture in Tokyo on "...

US regulators sue Match.com over fake accounts

US regulators sue Match.com over fake accounts

-- 2019-09-27 15:13:32

The owner of dating app Match.com is being sued by US regulators for allegedly tricking people into subscribing to its service. Federal Trade Commission (FTC) documents detail what it called "decepti...

China to further reduce poverty via industrial dev

China to further reduce poverty via industrial dev

-- 2019-09-27 14:27:05

China will further encourage industrial development and entrepreneurship in rural areas in a bid to alleviate poverty, officials have said. Poverty-stricken areas will be supported to develop feature...

Govt to address time lag for WB funds

Govt to address time lag for WB funds

FHM Humayan Kabir 2019-09-27 10:48:25

The government on Thursday requested the World Bank to finance eight projects, promising those to implement in time, officials said. They said most of the projects are at the take-off stage, pending...

VAT-exempt utilities for export sectors

VAT-exempt utilities for export sectors

Doulot Akter Mala 2019-09-27 10:07:47

The export-oriented sectors will get full exemption from payment of value-added tax (VAT) on utility services like gas, water and electricity bills only for the units manufacturing exportables. The f...

Humanoid robot made by Cumilla students turns heads

Humanoid robot made by Cumilla students turns heads

-- 2019-09-26 13:22:00

Two students of a private university in Cumilla say they have built, what they call, Bangladesh’s first open source humanoid robot. Named Mia-1, the robot took two-and-a-half months to complete...

ADB lowers S Korea’s 2019 growth outlook to 2.1pc

ADB lowers S Korea’s 2019 growth outlook to 2.1pc

Xinhua 2019-09-26 13:09:19

The Asian Development Bank (ADB) has lowered South Korea's 2019 growth outlook to 2.1 per cent, according to South Korean Finance Ministry. The revised forecast was down from 2.4 per cent estimated i...

Climate-friendly tax reform could help BD boost GDP: Report

Climate-friendly tax reform could help BD boost GDP: Report

FE Report 2019-09-26 09:58:13

Tax reform - including putting price on carbon emission, abolishing subsidies on fossil fuel and using the revenue in infrastructure, social spending and green-tech in textile sectors - could help B...