Search results for: EC

Musk says SpaceX cannot fund Ukraine's Starlink internet indefinitely

-- 2022-10-14 16:53:17

Elon Musk said on Friday SpaceX cannot "indefinitely" fund the Starlink internet service in Ukraine and send it several thousand more terminals after a report suggested that his rocket company had ask...

Google may face EU antitrust charges over its digital advertising business

-- 2022-10-14 15:56:21

Alphabet Inc.’s Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros, peo...

Sri Lanka to pay back $200m loan by March, says BB chief

FE ONLINE DESK 2022-10-14 15:22:00

Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, governor of Bangladesh Bank, provided a positive outlo...

E-waste: 5 billion phones to be thrown away in 2022

BBC 2022-10-14 11:42:19

This year, 5.3 billion mobile phones will be thrown away not recycled, the international waste electrical and electronic equipment (WEEE) forum says. Its estimate, based on global trade d...

Misuse of public funds-IV: Sops found in CI sheet, dry food, blanket buys

FHM HUMAYAN KABIR 2022-10-14 08:46:03

Twelve jeeps and cars were purchased for monitoring work of a disaster-related project, but those went for private use by high-ups not involved with the task, an official audit finds among other wrong...

Trump's Truth Social approved for Google Play Store

-- 2022-10-13 16:55:16

Alphabet Inc's Google has approved former US President Donald Trump's social media app Truth Social for distribution in the Google Play Store, a company spokesperson said on Wednesday. Trump Media &a...

OPEC+ oil supply cuts could tip world into recession, says IEA

-- 2022-10-13 16:34:41

A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday. "The re...

ADB, AFD renew partnership with joint cofinancing target of $3.0b by 2025

FE ONLINE REPORT 2022-10-13 12:30:22

Asian Development Bank (ADB) President Masatsugu Asakawa and Agence Francaise de Development (AFD) Chief Executive Remy Rioux today (Thursday) signed a new Partnership Framework Agreement (PFA) to gui...

BB instructs banks to tighten monitoring of cryptocurrency transactions

FE ONLINE DESK 2022-10-13 08:33:50

Bangladesh Bank has once again directed authorities to monitor cryptocurrency transactions after finding that people are still using bank accounts for the buying and selling of Bitcoin and other v...

'Although not alive, I can still create art,' robot tells UK lawmakers

-- 2022-10-12 20:23:00

A "robot artist" called Ai-Da told British lawmakers on Tuesday that although it was an artificial creation, it was still capable of producing art, as it spoke at a parliamentary inquiry into ho...

Poorer nations do face big debt challenges: IMF

-- 2022-10-12 19:44:21

Emerging markets do not face a systemic sovereign debt crisis, though many poorer nations do face big challenges, Gita Gopinath, the International Monetary Fund’s (IMF) first deputy managing dir...

TikTok takes up to 70pc from Syrian children begging on its platform, says BBC

-- 2022-10-12 19:35:51

Displaced families in Syrian camps are begging for donations on TikTok while the company takes up to 70 per cent of the proceeds, a BBC investigation found. Children are live streaming on the social...

Apple, Samsung to upgrade phone software in India for 5G rollout by Dec

-- 2022-10-12 18:44:24

Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg's break into the higher-end market for extended reality comp...

In first, planetary defence system alters asteroid's path

-- 2022-10-12 16:55:46

The spacecraft NASA deliberately crashed into an asteroid last month succeeded in nudging the rocky moonlet from its natural path into a faster orbit, marking the first time humanity has altered the m...

PM urges countrymen to take initiatives from now on to prevent famine

-- 2022-10-12 16:42:23

Prime Minister Sheikh Hasina has urged the countrymen to make all-out efforts so that Bangladesh can avert any situation like famine and food insufficiency due to the prolonged Russia-Ukraine conflict...

UK economy on brink of recession as it shrinks in August

REUTERS 2022-10-12 13:38:19

Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growt...

Misuse of public funds-II: Marauding through 12 projects with billions misspent

FHM HUMAYAN KABIR 2022-10-12 09:00:22

Huge funds from 12 development projects under Local Government Engineering Department (LGED) have been stashed aside through bending rules governing the country's financial discipline, insiders say....

Over-reliance on RMG to be major barrier to sustaining growth in next 10 years: Report

DOULOT AKTER MALA 2022-10-12 08:49:59

The overdependence on apparel exports could be a major barrier to sustaining the country's economic growth in the next 10 years, according to a latest research report. The report, titled 'Bangladesh...

BB eases single borrower, large loan exposure limit clauses

FE REPORT 2022-10-12 08:46:42

The Bangladesh Bank (BB) has relaxed conditions on single-borrower and large-loan-exposure limit in order to support industrial growth by ensuring competitive financing. "In case of credit facilities...

IMF predicts Bangladesh's GDP would grow by 6.0pc in FY23

FE ONLINE DESK 2022-10-11 21:54:58

The International Monetary Fund has projected that Bangladesh's GDP would grow by 6.0 per cent in fiscal 2022-23. The latest World Economic Outlook, released on Tuesday by the fund, show Bangladesh w...

IMF cuts its global growth forecast for 2023 amid colliding pressures

-- 2022-10-11 20:28:28

The International Monetary Fund on Tuesday cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest...

ECNEC approves six projects worth Tk 70.19 billion

-- 2022-10-11 17:33:26

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six projects involving an estimated cost of Tk 70.19 billion. After the ECNEC meeting on Tuesday, Planning Ministe...

Satellite connectivity in smartphones - connect to satellite when there is no network

Sofia Noor Rafa 2022-10-11 16:34:45

What if your smartphone could fetch you help even when you cannot communicate through any mobile network or the internet? Satellite messengers are already available in the market that serves someone...

Scientists reduce cow burps to save the world

-- 2022-10-11 16:23:55

More than a dozen calves wait at a research farm in New Zealand to be fed Kowbucha, a punnily named probiotic that studies show reduces burps -- or methane emissions.  The Kowbucha powder...

Inflation 9.52pc in August, 9.10pc in September: BBS

FE ONLINE DESK 2022-10-11 15:59:56

Bangladesh witnessed a record 9.52 per cent inflation rate in August, the highest in 135 months years, and 9.10 per cent in September, according to Bangladesh Bureau of Statistics (BBS) data. Plannin...

Sri Lanka to retain 'middle-income' status but seek concessional loans

-- 2022-10-11 14:20:19

Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokes...

Chinese firm tests electric flying taxi in Dubai

FE ONLINE DESK 2022-10-11 12:40:24

A Chinese firm tested out an electric flying taxi in Dubai on Monday, offering a glimpse of futuristic technology that could one day whisk people through cities high above any traffic. The XPeng X2,...

Sri Lanka cabinet approves downgrade to 'low income country'

REUTERS 2022-10-11 11:55:04

Sri Lanka's cabinet has approved a proposal to downgrade the island nation's economic status to "low income country", in order to get access to concessional funding from international organisations, t...

Singer BD to invest $78m in N'ganj EZ

FE Report 2022-10-11 08:42:20

Singer Bangladesh Limited will invest US$78 million in Bangladesh Special Economic Zone (EZ) in Araihazar, Narayanganj, as it formally launched construction of its product-manufacturing plant on Monda...

Pakistan key policy rate unchanged at 15pc

-- 2022-10-10 19:33:16

Pakistan's central bank on Monday kept its key policy rate unchanged at 15 per cent at a scheduled meeting of its monetary policy committee, the bank said in a statement. Pakistan has been facing an...