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Uber breach prompts govt probes worldwide

Reuters 2017-11-23 12:00:00

Governments around the globe launched investigations into Uber Technologies Inc after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the lates...

Land ports earn Tk 1.11b in FY17

-- 2017-11-23 12:00:00

The country's land ports have earned a total revenue of Tk 1.11 billion in fiscal 2016-17, while the expenditure in the same period was Tk 534.4 million. This was disclosed at the 48th meeting of th...

Tesla completes building of world’s largest battery

-- 2017-11-23 10:16:46

Tesla Inc has completed construction of the world’s largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Austral...

Industries outside EZs unlikely to get new gas line from next year

M Azizur Rahman 2017-11-23 09:44:25

New industries outside the country's economic zones (EZs) would hardly get piped natural gas connections from next year as the authorities have already started discouraging it. Officials said the mov...

Fed likely to raise interest rates in Dec

-- 2017-11-23 03:50:59

US Federal Reserve officials are unlikely to raise interest rates in December, although the officials still divided over inflation outlook, Fed officials said after the latest monetary policy meeting....

iPhone supplier stops illegal labour

BBC 2017-11-23 01:19:27

Foxconn, a main supplier for Apple's iPhone, says it has stopped interns from working illegal overtime at its factory in China. It comes after a Financial Times report found at least six students wor...

Uber hid massive data breach

-- 2017-11-22 12:00:00

Uber Technologies Inc failed to disclose a massive breach last year that exposed the data of some 57 million users of the ride-sharing service, the company’s new chief executive officer said on...

Default loans leap over Tk 800b mark

FE Report 2017-11-22 12:00:00

Non-performing loans (NPLs) in Bangladesh's banking sector surged over Tk 800-billion mark for the first time at the end of September last. According to the latest statistics from the central bank, t...

BD needs 20pc more new power connections annually: UNCTAD

FE Online Report 2017-11-22 12:00:00

Bangladesh requires some 20-30 per cent more new electricity connections every year to achieve the universal access to electricity by the year 2030. The projection has been made in the Least Develope...

Cabinet body okays 100,000mt rice import

-- 2017-11-22 12:00:00

Cabinet Committee on Public Purchase has approved import of 100,000 metric tons of non-Bashmoti parboil rice from open market. As per the proposal of the Food Ministry, the Food Directorate will...

Apple pulls Skype from China app store

Reuters 2017-11-22 11:18:04

Skype, Microsoft Corp’s (MSFT.O) internet phone call and messaging service, has disappeared from app stores in China including that of Apple Inc (AAPL.O), indicating the latest setback for a for...

Minister wants blue economy’s 5pc contribution to GDP

-- 2017-11-22 10:24:24

Planning Minister AHM Mustafa Kamal on Wednesday underscored the need for ensuring five per cent contribution of the blue economy to the GDP to attain the Sustainable Development Goals (SDGs). "Using...

‘NBR to reveal key upshot on ML probe in due time’

FE Report 2017-11-22 09:38:20

The National Board of Revenue (NBR) has made significant progress in its investigation into money laundering (ML), which will be disclosed in time, said NBR Chairman Md Nojibur Rahman on Tuesday. R...

LDCs need minimum $12b yearly for electricity access: CPD

-- 2017-11-22 09:30:46

The Centre for Policy Dialogue (CPD) has said the Least Development Countries (LDCs) need to invest at least $12 billion to gain universal access to electricity by 2030. "To achieve universal access...

Scientists develop microwave device to kill weeds

-- 2017-11-22 05:13:25

Australian scientists on an experimental farm have developed a revolutionary method of killing weeds using microwaves. Dr Graham Brodie, a food and agriculture lecturer at the University of Melbourne...

Brazil economy likely to grow 3pc in 2018

-- 2017-11-22 01:19:09

The Brazilian economy is likely to grow more than 3.0 percent in 2018, perhaps even near 4.0 per cent, the head of Brazilian state development bank BNDES, Paulo Rabello de Castro, said. This suggests...

Agro processors to showcase products, services

FE Report 2017-11-22 01:10:05

A three-day international food expo begins in the capital tomorrow (Thursday) aiming to create an avenue for greater interaction among the local and international food processing players. Some 250...

Mobile-based financial transactions mark fall

Mehdi Musharraf Bhuiyan 2017-11-21 12:31:58

Fast-growing mobile-based financial transactions took a knock, dropping around 5.04 per cent, quarter on quarter, during the third quartile of this year. Sources concerned, however, attributed the do...

Eateries, shops largely evade ECR use

Doulot Akter Mala 2017-11-21 12:00:00

Many fast-food shops, bakeries, restaurants and retail outlets in Dhaka avoid issuing electronic cash register (ECR)-generated pay-slips to evade VAT payment, as monitors look on, sources said. Lack...

Pakistan's proposed sukuk assigned 'B' preliminary rating

FE Online Desk 2017-11-21 12:00:00

SINGAPORE (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its preliminary 'B' long-term foreign currency rating to the planned U.S. dollar-denominated sukuk (trust cert...

Singapore’s core inflation likely rise 1.5pc

-- 2017-11-21 11:09:56

The Monetary Authority of Singapore’s (MAS) core inflation measure in October likely rose 1.5 per cent from a year earlier, unchanged from September, a Reuters poll showed. “The MAS core...

Project overruns time sans even spadework

FHM Humayan Kabir 2017-11-21 10:25:27

The power board has yet to start even spadework for converting the Shahjibazar 75-megawatt (mw) power plant to a 105MW one although nearly five years have elapsed since the project was undertaken. O...

Youth unemployment decreases globally, but quality jobs jolt: ILO

-- 2017-11-21 07:42:57

There is a persisting overall trend of insufficient good jobs for young people seeking work, who are estimated to account for over 35 per cent of the unemployed worldwide in 2017, the International La...

$100m deal to accelerate Moheskhali FSRT

-- 2017-11-21 07:38:40

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar. Summit LNG Terminal signed a turnkey contract recently wit...

Carefully crafted light pulses can control neuron activity: study

-- 2017-11-21 07:20:18

Specially tailored, ultrafast pulses of light can trigger neurons to fire and may one day be used to help patients with light-sensitive circadian or mood problems, a study of the University of Illinoi...

NASA tests supersonic parachute for Mars mission

Xinhua 2017-11-21 02:05:49

U.S. National Aeronautics and Space Administration (NASA) has completed the first test of its Mars 2020 mission's parachute-testing series, the Advanced Supersonic Parachute Inflation Research Experim...

Thrust on developing tech-driven economy

FE Online Desk 2017-11-20 12:27:33

Google Developer DevFest Bangladesh 2017 presented by Google Developer Group Dhaka and powered by Whiteboard, in association with Preneur Lab, took place recently at GP House, said a statement. S...

Reliance's proposed U.S. dollar senior unsecured notes assigned 'BBB+' Rating

FE Online Desk 2017-11-20 12:00:00

SINGAPORE (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2027 by...

Scientists warn of massive quakes in 2018

Xinhua 2017-11-20 12:00:00

If a prediction by two U.S. scientists were true, then the world could see an increase in the number of strong earthquakes in 2018 and the next few years. Roger Bilham of the University of Colorado a...

Facebook launches video app to rival Youtube

FE Online Report 2017-11-20 12:00:00

Facebook launched its Creator app on Thursday standing of rivalling Youtube that currently holds around 24 per cent of market share with roughly 900 million visits per week. With this platform, the...