Search results for: EC

ADB trims growth outlook for developing Asia

REUTERS 2022-12-14 12:24:47

The Asian Development Bank cut its growth forecasts for developing Asia for this year and next as the region faces persistent headwinds from the Russia-Ukraine conflict, China's COVID-19 policies, and...

ADP slowdown annoys govt, faster pace ordered

FHM HUMAYAN KABIR 2022-12-14 08:53:20

Annual Development Programme (ADP) slowdown annoys the government and prompts it to direct top ministries to expedite project execution, officials said Tuesday. During the July-October period of th...

China readying $143b package for its semiconductor industry

-- 2022-12-13 18:40:11

China is working on a more than 1.0 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self-sufficiency in chips and to counter US...

Bangladesh seeks Saudi support to meet energy demand

-- 2022-12-13 16:43:55

State Minister for foreign affairs Md Shahriar Alam has said Bangladesh needs "brotherly support" from Saudi Arabia to fulfil its energy demands amid the global oil crisis due to the Russia-Ukraine wa...

Moody’s to review 7 Bangladeshi banks for downgrade

FE ONLINE DESK 2022-12-13 14:50:52

Credit rating agency Moody’s Investors Service has placed the long-term ratings for seven Bangladeshi banks on review for downgrade following its decision to review Bangladesh’s long...

Twitter dissolves Trust and Safety Council

REUTERS 2022-12-13 12:41:23

Twitter Inc on Monday disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions, according to an email reviewed by Reuters. About...

US to reveal scientific milestone on fusion energy

FE ONLINE DESK 2022-12-13 09:53:15

The US Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap...

Italy takes up $3m project for BD workers’ migration management

FE REPORT 2022-12-13 08:54:18

Italy has adopted a cooperation project to extend supports to strengthen migration management for Bangladeshi migrant workers. The contribution amounting to US $3.0 million will focus on ensuring saf...

IMF says global debt well above pre-pandemic levels despite steep 2021 drop

-- 2022-12-12 22:58:48

Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs because of the impacts of COVID-19, but overall remained well above pre-pandemic levels, the Interna...

FBCCI for increasing manpower export to Romania

-- 2022-12-12 20:25:30

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is looking for opportunities to increase the export of manpower as well as readymade garments, textile, leather, plastic, and pha...

UAE keen to increase engagement with Bangladesh

-- 2022-12-12 15:42:34

The United Arab Emirates (UAE) has sought cooperation from the Bangladesh government for the operation of Abu Dhabi-based Wizz Air flights between Abu Dhabi and Dhaka/Chittagong as a low-cost airline....

US inflation will be much lower by end of 2023, Yellen says

REUTERS 2022-12-12 10:46:39

US Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in US inflation in 2023, barring an unexpected shock. "I believe by the end of next year you will see much lower inflatio...

Japan's ispace launches world's first commercial moon mission

-- 2022-12-11 17:33:21

A Japanese space startup has launched a spacecraft to the moon after several delays, a step toward what would be a first for the nation and for a private company. ispace Inc's HAKUTO-R mission took o...

NASA's Orion capsule heads for splashdown after Artemis I flight around moon

REUTERS 2022-12-11 13:30:03

NASA's uncrewed Orion capsule hurtled through space on Sunday on the final return leg of its voyage around the moon and back, winding up the inaugural mission of the Artemis lunar programme 50 years t...

Twitter to relaunch Twitter Blue at higher price for Apple users

REUTERS 2022-12-11 09:21:45

Twitter Inc will relaunch a revamped version of its subscription service Twitter Blue on Monday at a higher price for Apple users, the company said in a tweet on Saturday. The company said users coul...

KFD, ADFD may lend $73m to build Chunkuri Bridge

FHM HUMAYAN KABIR 2022-12-11 08:48:49

Two Middle-eastern development partners are likely to provide US$73 million in loans to facilitate a major bridge construction in Bangladesh's southern region, officials said on Saturday. The Kuwait...

IMF mission lauded Bangladesh’s achievements during recent visit: Finance minister

-- 2022-12-10 20:24:45

Finance Minister AHM Mustafa Kamal on Saturday said the International Monetary Fund (IMF) lauded highly the achievements of Bangladesh terming it as "extraordinary". "Few weeks back, an IMF mission v...

Nearly 10pc of marine life threatened with extinction: Red List

-- 2022-12-10 16:40:23

The effects of human activity from climate change to pollution are "devastating" marine life, with nearly a tenth of underwater plants and animals assessed so far threatened with extinction, the lates...

Twitter to introduce new controls for ad placements

-- 2022-12-10 13:22:51

Twitter will roll out new controls as soon as next week to let companies prevent their ads from appearing above or below tweets containing certain keywords, the social media platform told advertisers...

Export of headgears, caps: BD bags $193.43m, posts 50pc growth in Jul-Nov

FHM HUMAYAN KABIR 2022-12-10 08:45:14

Bangladesh has emerged as one of the key suppliers of hats and caps in the global market. Its shipment of these products reached US$ 193.43 million in the first five months of the current fiscal yea...

NBR to observe VAT Day on Saturday

-- 2022-12-09 18:58:37

The National VAT (value added tax) Day will be observed on Saturday while the National VAT Week on December 10 to 15 across the country in a befitting manner. The National Board of Revenue (NBR) has...

Japanese billionaire Maezawa picks K-pop star TOP, DJ Steve Aoki to join SpaceX moon trip

REUTERS 2022-12-09 11:55:39

Japanese billionaire Yusaku Maezawa revealed on Friday that K-pop star TOP and DJ Steve Aoki will be among the eight crew members he plans to take on a trip around the moon as soon as next year, hitch...

'The worst is yet to come': the curse of high inflation

-- 2022-12-09 11:55:16

Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effe...

Google Ad Manager outage costs big websites ad sales

-- 2022-12-09 10:20:36

A Google service relied upon by many large websites to sell and display ads was down for about three hours Thursday, denying major news publishers revenue during the crucial holiday period, two source...

Scientists find two million-year-old DNA in Greenland

-- 2022-12-08 18:45:47

Scientists have identified DNA from animals, plants and microbes dating to about 2 million years ago - the oldest on record by far - from sediment at Greenland's northernmost point dug up around the m...

Germany to provide €33m to Bangladesh

-- 2022-12-08 18:19:40

The governments of Bangladesh and Germany have signed two agreements under which the European country would provide 33 million Euros to Bangladesh as grants in renewable energy and climate change adap...

Bangladesh mandates ADB to advise on $400m expressway connecting 10 economic zones

-- 2022-12-08 16:58:59

The Asian Development Bank’s Office of Public–Private Partnership (OPPP) has been mandated to provide transaction advice on Joydebpur-Mymensingh Road PPP project to be built along one of t...

Voyager-1: The lone traveller of space

Rassiq Aziz Kabir 2022-12-08 16:39:22

It was the late autumn of 1977 when, for more people in sunny Florida, winter started to show its presence, albeit in a soothing way. The Cape Canaveral Air Force Base of Florida witnessed one of the...

Elon Musk loses title of world's richest man to LVMH's Arnault: Forbes

FE ONLINE DESK 2022-12-08 08:28:17

Twitter owner and Tesla Inc boss Elon Musk lost his title as the world's richest person on Wednesday, according to Forbes, following his expensive bets to buy the social media firm and selling...

BB sets up Tk 50b refinance scheme

FE REPORT 2022-12-08 08:09:35

Bangladesh Bank (BB) on Wednesday announced a new refinancing scheme worth Tk50 billion to promote green industry in the export and productive sectors. Under the scheme, the green entrepreneurs will...