Search results for: EC

India replaces Covid-era free food programme with cheaper scheme

-- 2022-12-24 10:17:08

India will end its Covid-19 era free food programme on December 31 and replace it with a cheaper programme that will save the government nearly $20 billion in the next 12 months. Late on Friday, Indi...

Twitter removes suicide prevention feature, says it's under revamp

REUTERS 2022-12-24 09:14:07

Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the m...

Big push for local units' renewable energy use, efficiency

FE REPORT 2022-12-24 08:57:12

The German KfW Development Bank will provide Euro 181.5 million in assistance to Bangladesh for increasing energy efficiency in local industries and developing renewable-energy sources here. The KfW...

Pakistan faces risk of default as its forex reserves plunge to eight-year low

FE ONLINE DESK 2022-12-23 21:14:34

Pakistan’s foreign exchange reserves plunged to $6.1 billion, the lowest since 2014, as of December 16, the central bank of the country has said. In continuation of the declining spree, foreign...

Japan OKs $865 billion budget for FY 2023

-- 2022-12-23 20:53:47

The Japanese government adopted a record draft budget of 114.38 trillion yen (865 billion US dollars) for the fiscal year 2023 (April 2023-March 2024) on Friday, with defence spending hitting a record...

Meta to settle Cambridge Analytica scandal case for $725m

-- 2022-12-23 16:51:50

Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access u...

Google to appeal India antitrust ruling on Android

-- 2022-12-23 16:38:58

Alphabet's Google (GOOGL.O) said on Friday it will appeal the Indian antitrust watchdog's ruling that ordered the tech giant to change its approach to its Android platform and imposed a fine of $162 m...

Japan's consumer inflation hits fresh 40-year high, eyes on BOJ policy

REUTERS 2022-12-23 14:01:30

Japan's core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central ba...

Musk says he will not sell more Tesla stock for about two years

-- 2022-12-23 12:37:29

Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy wi...

Japan to unveil record $864b budget

-- 2022-12-23 11:47:01

Japan is set to unveil on Friday a record $864 billion budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs for a fast-ageing populatio...

Dhaka, New Delhi agree to start discussion for CEPA soon

FE ONLINE DESK 2022-12-23 10:38:06

Bangladesh and India today (Dec 22) agreed to start discussions for a Comprehensive Economic Partnership Agreement (CEPA) at an early date for benefit of people of both the countries, BSS reports. Th...

G7 commits to $32 bn in budget support for Ukraine in 2023

FE ONLINE DESK 2022-12-23 10:33:37

The Group of Seven (G7) wealthy nations has mobilised up to $32 billion in budget and economic support for Ukraine next year, their finance ministers said in a joint statement on Thursday, addin...

Labour market recovery: Structural issues, slow tech progress, skill gap main hurdles

FE REPORT 2022-12-23 09:00:37

Economists and stakeholders said structural issues of domestic labour market, slow technological advancement, skill gap between employment and academia, lack of soft and interpersonal skills, and dece...

ADP execution way down the mark

FHM HUMAYAN KABIR 2022-12-23 08:46:54

Tightening belts to weather a bad time amid a global crunch drove down development-programme implementation in Bangladesh as the rate was only 18.41 per cent in the first five months of this fiscal, o...

Using Lensa AI? Here's how it may breach your privacy

Rassiq Aziz Kabir  2022-12-22 17:28:08

If you are active on popular social media networks, you probably have come across portraits shared by people that look animated but, at the same time, beautiful caricatures of themselves. These portra...

In hangover of World Cup fiesta, Argentina's economic reality bites

-- 2022-12-22 14:12:37

Gregorina Victorica, 86, a retiree in Buenos Aires has been cheering Argentina's victory in the soccer World Cup, which has lifted spirits in the South American nation and brought joy to people hard h...

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

REZAUL KARIM 2022-12-22 09:43:00

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries. Bangladesh requested the...

Quarterly GDP data likely from next FY

FHM HUMAYAN KABIR 2022-12-22 08:32:55

The Bangladesh Bureau of Statistics (BBS) is likely to publish quarterly GDP data from next fiscal year (FY), 2023-24, by incorporating household activities, as it is working to build capacity of the...

ADB grants $22m to support Sri Lankan farmers 

-- 2022-12-21 19:51:45

The Asian Development Bank (ADB) has granted 8.0 billion Sri Lankan rupees (22 million US dollars) to support 1.2 million farming families in Sri Lanka, the President's Media Unit (PMD) has said.&nbsp...

Global economy bets on China learning to live with Covid

-- 2022-12-21 12:31:59

Those who believe the world economy can avoid the hardest of landings next year are watching China closely to see whether its move to loosen pandemic restrictions will help that scenario come about or...

India's post-Covid spending boom drives two-speed economy

-- 2022-12-21 10:14:16

India is set to be the world's fastest-growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure new investment, fueling hot demand for everyth...

Musk says he'll step down as Twitter CEO after finding a replacement

REUTERS 2022-12-21 09:15:43

Elon Musk said on Tuesday he will step down as chief executive of Twitter after finding a replacement. "I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I wi...

Next budget Tk 7.46t, GDP growth target set at 7.5pc

FE REPORT 2022-12-21 08:46:13

Resource mobilisation from both internal and external sources remains a key challenge for the government to finance a big new budget outlined Tuesday apace with Bangladesh's aspired economic growth, e...

Austerity, scarce project- aid matching funds squeeze ADP

FHM HUMAYAN KABIR 2022-12-20 08:54:33

Tightfisted spending for scarce funds amid global crisis squeezes Bangladesh's Annual Development Programme in the current fiscal as many public agencies seek smaller amounts than their project- aid...

Resource raising ineptitude increasing public debts

FE REPORT 2022-12-20 08:47:59

Resource-raising ineptitude is resulting in the ballooning of public debts and squeezing people's-welfare spending, economists and experts said Monday and stressed narrowing Bangladesh's wide tax-GDP...

RMG export to EU witnesses 16.27pc growth during July-Nov

-- 2022-12-19 19:58:46

The export of RMG items to the European Union (EU) has witnessed 16.27 per cent growth during the July-November period of this year compared to the same period last year.  As per the statistics...

Bangladesh Bank creates fund to utilise undisbursed portion of farm loans

-- 2022-12-19 19:51:37

Bangladesh Bank (BB) has taken a decision to form a fund, titled Bangladesh Bank Agricultural Development Common Fund (BBADCF), for increasing farm production. Under the initiative, banks would depos...

FBCCI keen to enhance bilateral trade relations with Mozambique 

-- 2022-12-19 19:50:04

The FBCCI Senior Vice President Mostofa Azad Chowdhury has said the federation is looking to enhance bilateral trade relations and investment opportunities between Bangladesh and Mozambique.  &l...

Videoconferencing platform ‘Boithok’ now accessible to public

FE ONLINE REPORT 2022-12-19 18:08:36

Boithok, a web-based videoconferencing platform developed by the government of Bangladesh, is now accessible to the public. Anyone can use it multiple times in one day with a nominal cost of Tk 50....

Elon Musk poll shows 57.5pc want him to step down as Twitter chief

-- 2022-12-19 17:47:38

A poll by Elon Musk on whether he should quit as Twitter CEO showed the majority of users of the social media platform who took part voted in favour of the move after the poll ended on Monday. About...