Search results for: EC

French scientists warn more severe global warming by 2100

Xinhua 2019-09-18 17:27:27

Global warming would be more severe than expected by 2100 unless governments take concrete moves to cut greenhouse gas emissions, French scientists warned on Tuesday. By 2100, global mercury rise wou...

Canada posts budget deficit of $10b in FY2018-19

-- 2019-09-18 12:50:39

Canada ended the fiscal year 2018-2019 with a deficit of 14 billion Canadian dollars (10.6 billion US dollars) on March 31, said the Finance Department Tuesday. In fiscal year 2017-2018, Canada saw a...

Changes in laws to put lid on SoCBs’ NPL buildup

FE Report 2019-09-18 10:33:43

Finance Minister AHM Mustafa Kamal said on Tuesday they would bring necessary changes in the existing laws to prevent possible buildup of bad loans in the state-owned commercial banks (SoCBs). He sai...

Astronomers find most massive neutron star to date

Xinhua 2019-09-17 16:18:18

Astronomers at West Virginia University in the United States have discovered the most massive neutron star to date, which packs 2.17 times the mass of the sun into a sphere only 20 to 30 kilometres....

Ecnec approves eight projects involving Tk 89.68b

-- 2019-09-17 14:04:45

The Executive Committee of the National Economic Council (Ecnec) has approved eight projects involving Tk 89.68 billion. The approval came from the Ecnec meeting held at the NEC conference room with...

ADB President Takehiko Nakao announces resignation

Xinhua 2019-09-17 13:52:41

Takehiko Nakao announced his resignation on Tuesday as the president of the Asian Development Bank (ADB), effective Jan. 16, 2020. Nakao assumed office as the bank's president on April 28, 2013.

US reaches trade deals with Japan

Reuters 2019-09-17 13:23:38

US President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariff...

Govt to import 1.4m mts petroleum for H2

-- 2019-09-17 11:02:09

The government will import 1.4 million metric tonnes of refined petroleum for a six-month period (July-Dec) of the current year from seven state-owned companies of six countries through negotiations....

Credit flow to new SMEs dries up

Siddique Islam 2019-09-17 10:52:34

Credit flowing to new small entrepreneurs fell significantly in the first-half of the year as risk-averse bankers were unwilling to offer such loans. The total lending to the fresh small and medium...

'Competition law to boost GDP'

FE Report 2019-09-16 10:04:01

Chairperson of the country's Competition Commission Abdur Rouf said on Sunday the practice of competition will help raise gross domestic product (GDP) by 2.0-3.0 per cent a year. In theory, the compe...

Pound climbs to highest level since July

-- 2019-09-15 16:33:47

The pound has hit its highest level against the dollar since July in Britain amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1 per cent on Friday to over $1.24 against the dolla...

Newly discovered comet likely "interstellar visitor", says NASA

Xinhua 2019-09-15 16:18:25

A newly discovered comet appears to have originated from outside the solar system, said NASA's Jet Propulsion laboratory (JPL) in a release. The object, designated C/2019 Q4, was discovered on Aug. 3...

BD to attract $10b investment from UAE

FE Online Desk 2019-09-15 12:29:05

A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel today (...

UAE business groups to invest $10.0b in Bangladesh

-- 2019-09-14 20:38:52

A number of UAE business groups are set to invest $10 billion in Bangladesh, according to the Bangladesh Economic Forum, which will take place at Conrad Dubai Hotel in Dubai on Sunday. More than 300...

US, China tariffs could lower global GDP in 2020: IMF

-- 2019-09-13 21:53:51

Tariffs imposed or threatened by the United States and China could shave 0.8 per cent off global economic output in 2020 and trigger more losses in future years, the International Monetary Fund said o...

German economy not heading for pronounced recession: Ministry

-- 2019-09-13 21:15:08

Europe's largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there are no signs of a turnaround yet either, the German Econom...

Govt to fund ICT entrepreneurs

-- 2019-09-13 20:40:12

The government is set to launch a project to fund the ICT entrepreneurs aiming to develop innovative potentials of young people in the sector. “Under the project to be called 'Bangabandhu Innov...

AIIB considering four more infrastructure projects in Bangladesh

BSS 2019-09-13 18:49:34

The Asian Infrastructure Investment Bank (AIIB) is considering financing four more projects for contributing further to the country’s infrastructure development, a top AIIB official said. The p...

Digital Device and Innovation Expo to begin from October 14

-- 2019-09-13 18:35:26

Digital Device and Innovation Expo-2019, said to be the largest information technology exhibition in country’s history, is set to begin from October 14. ICT Division, Bangladesh Hi-Tech Park au...

Scientists discover oldest ancestor of spider, scorpion

Xinhua 2019-09-13 18:16:21

An international joint research found a new species called Mollisonia plenovenatrix, which is believed to be the oldest chelicerate. The discovery places the origin of chelicerate, a vast group of ar...

$5.0b ADB funding to bankroll major dev projects

-- 2019-09-13 17:19:34

The Asian Development Bank or ADB is set to disburse around $5.0 billion to finance several major development projects in Bangladesh between 2020 and 2022, reports bdnews24.com.  The financial i...

ECB cuts deposit rate and restarts asset purchase programme

Xinhua 2019-09-13 17:11:02

The European Central Bank (ECB) on Thursday announced its key policy decisions to cut the deposit rate by 10 basis points to minus 0.50 per cent and to restart net purchases under its asset purchase p...

FM seeks investment from Germany, France in SEZs

-- 2019-09-13 12:11:26

Foreign Minister Dr AK Abdul Momen has invited German and French companies to invest more in Bangladesh, particularly in the country’s Special Economic Zones (SEZs) and High-tech Parks. They ar...

BD wants central role for South in int'l economic decision-making

-- 2019-09-13 12:02:45

Permanent Representative (PR) of Bangladesh to the UN Ambassador Masud Bin Momen has stressed the importance of the role of Southern countries in the decision-making process of international economy....

Japan Aug exports seen in sharpest fall in three years

-- 2019-09-13 11:44:09

Japan’s exports likely contracted at the fastest pace in more than three years in August, a Reuters poll showed on Friday. Adding to the challenges policymakers face, Japan’s core consume...

Freelancers’ remittance receipt ceiling doubled

FE Report 2019-09-13 10:28:13

The central bank has doubled the limit of small service exporters for receiving remittances through online gateway operators. These small-value exporters are now allowed to receive overseas payments...

IDRA forms compliance committee

FE Report 2019-09-13 10:26:02

The Insurance Development and Regulatory Authority (IDRA) has formed a surveillance committee to monitor the compliance of paying 15 per cent agent commission by the insurers, according to a press sta...

Climate crisis could see collapse of some economies: UN

-- 2019-09-12 12:20:53

United Nation’s trade chief has said climate change poses an “existential threat to commodity-dependent developing countries” and highlighted the need to diversify economies and expo...

Govt's bank borrowing soars as savings tools sales drop

-- 2019-09-12 11:43:17

A fall in sales of savings certificates along with slow revenue collection has forced the government into heavily taking loans from banks in order to pay expenses. The government’s borrowing ex...

Water found on planet beyond our solar system

Reuters 2019-09-12 10:38:16

Scientists for the first time have detected water in the atmosphere of an Earth-like planet orbiting a distant star, evidence that a key ingredient for life exists beyond our solar system, according t...