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US regulator approves SpaceX plan for broadband satellite services

US regulator approves SpaceX plan for broadband satellite services

-- 2018-03-30 12:57:44

The top US telecommunications regulator on Thursday gave formal approval to a plan by Elon Musk’s SpaceX to build a global broadband network using satellites. “This is the first approval...

$2.67b Chinese hard loan for Padma rail-link project

$2.67b Chinese hard loan for Padma rail-link project

FHM Humayan Kabir 2018-03-30 12:38:11

The construction work of Padma Bridge railway link is going to start this year, as the government approved US$ 2.67 billion Chinese hard loan for the project on Thursday, officials said. Economic Rel...

Thai Feb factory output beats expectations

Thai Feb factory output beats expectations

-- 2018-03-30 12:07:20

The annual industrial output of Thailand rose more than expected in February, boosted by higher production of cars, petroleum, hard drives and plastic pellets. The manufacturing production index (M...

RBI to hike rates early next year

RBI to hike rates early next year

-- 2018-03-30 11:39:31

The Reserve Bank of India (RBI) will keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019, said a Reuters pol...

US GDP likely to grow 2.4pc in Q1

US GDP likely to grow 2.4pc in Q1

-- 2018-03-30 11:21:58

The US economy is on track to expand at a 2.4 per cent annualised rate in the first quarter following the latest data on advanced trade data and personal spending, report Reuters. The latest estima...

State lenders to give Farmers Bank Tk 7.15b lifeline

State lenders to give Farmers Bank Tk 7.15b lifeline

Siddique Islam 2018-03-30 09:56:50

Four state-owned commercial banks (SoCB) and a financial institution will inject Tk 7.15 billion as equity into the troubled Farmers Bank Limited in an attempt to salvage it. Managing directors and c...

FBCCI for VAT, tax to be reflected in budget

FBCCI for VAT, tax to be reflected in budget

FE Online Report 2018-03-29 21:57:00

The Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) wants business community’s proposals relating to value added tax (VAT), import duty and income tax to be reflected in the...

German unemployment rate hits record low

German unemployment rate hits record low

-- 2018-03-29 15:57:35

Germany’s jobless total dropped more than expected in March and the unemployment rate hit a record low, data showed on Thursday, reflecting the strength of a labour market that has become the li...

India sends notice to Facebook over ‘data leakage’

India sends notice to Facebook over ‘data leakage’

-- 2018-03-29 14:00:27

India’s government has sent a notice to Facebook asking whether the personal data of Indian voters and users has been compromised by UK-based Cambridge Analytica or any other downstream entity....

Robots for elder care

Robots for elder care

-- 2018-03-29 10:54:52

Paro the furry seal cries softly while an elderly woman pets it. Pepper, a humanoid, waves while leading a group of senior citizens in exercises. The upright Tree guides a disabled man taking shaky st...

Facebook tweaks privacy tools

Facebook tweaks privacy tools

-- 2018-03-29 10:35:48

Facebook Inc said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook h...

SoEs may be allowed to deposit 60pc with public banks, 40pc with PCBs

SoEs may be allowed to deposit 60pc with public banks, 40pc with PCBs

Siddique Islam 2018-03-29 09:31:54

The government is likely to relax the policy to allow its agencies so that they can deposit more funds with the private commercial banks (PCBs) to help mitigate the ongoing liquidity crunch. Under th...

Builders scale down work, spending on Padma Bridge

Builders scale down work, spending on Padma Bridge

FHM Humayan Kabir 2018-03-29 09:19:24

The project-execution agency seeks a pared-down Tk 43.95-billion fund from the government in the upcoming budget for the Padma Multipurpose Bridge as construction work decelerated, sources said. At t...

No change to sales tax hike plan: Japan PM Abe

No change to sales tax hike plan: Japan PM Abe

-- 2018-03-28 14:19:46

Japanese Prime Minister Shinzo Abe has said there was no change to his plan to raise the country’s sales tax hike next year unless the economy is hit by a huge external shock. “If the eco...

Sri Lanka for stronger ties with Bangladesh to boost commerce

Sri Lanka for stronger ties with Bangladesh to boost commerce

FE Online Desk 2018-03-28 13:39:10

Sri Lanka has shown keen interest in enhancing connectivity with Bangladesh especially in maritime and air links to boost bilateral trade and investments between the two South Asian countries. Rishad...

RBI likely to hold off rate hikes

RBI likely to hold off rate hikes

-- 2018-03-28 13:18:48

A sudden slump in India’s vegetable prices following a spike in farm production will keep the central bank from tightening policy until the end of the year, analysts say, with inflation now ti...

Facebook data row gets bigger

Facebook data row gets bigger

-- 2018-03-28 10:37:40

A scandal engulfing Facebook over the use of its data by political consultants widened on Tuesday when a whistleblower said Canadian company AggregateIQ had developed a programme to target Republican...

Nine banks suffer Tk 194.67b capital shortfall in 2017

Nine banks suffer Tk 194.67b capital shortfall in 2017

Siddique Islam 2018-03-28 09:25:32

Nine banks, six owned by government, suffered an aggregate capital shortfall worth over Tk 194.67 billion in the last calendar year mainly as their swelling classified loans took a toll. Sources in t...

Indian railways receive 20m applicants for 0.1m posts

Indian railways receive 20m applicants for 0.1m posts

-- 2018-03-27 15:51:50

India's state-run railways have received more than 20 million applicants for about 100,000 jobs, a railway ministry official has said. The number of applicants is expected to rise further as the dead...

China’s industrial profit grows strong in Jan-Feb

China’s industrial profit grows strong in Jan-Feb

-- 2018-03-27 15:33:25

China's industrial profits rose 16.1 per cent year-on-year to 968.9 billion yuan ($154.57 billion) in the first two months of the year, the National Bureau of Statistics (NBS) said on Tuesday. The...

Bangladesh to be hunger-free by 2030: Speakers

Bangladesh to be hunger-free by 2030: Speakers

FE Online Report 2018-03-27 15:02:57

Bangladesh would be a zero-hunger country by 2030 overcoming all odds and obstacles, speakers made the remark in a seminar held on Tuesday. Challenges are huge to achieve the Sustainable Developmen...

Arizona suspends Uber's self-driving cars

Arizona suspends Uber's self-driving cars

-- 2018-03-27 14:32:37

The governor of Arizona on Monday suspended Uber’s ability to test self-driving cars on public roads in the state following a fatal crash last week that killed a 49-year-old pedestrian. The dec...

Smartphones with longer battery life on cards

Smartphones with longer battery life on cards

-- 2018-03-26 22:30:09

Scientists have developed a high-powered, environmentally-safe lithium-sulphur battery with a significantly longer life. “Common lithium-ion batteries only have a certain capacity,” said...

Facebook faces US privacy probe

Facebook faces US privacy probe

-- 2018-03-26 22:18:56

The US Federal Trade Commission is to investigate Facebook over how data on millions of users was grabbed by Cambridge Analytca. The social network has been criticised for letting the data analysis f...

European Space Agency partners with Finnish company over satellites exploit

European Space Agency partners with Finnish company over satellites exploit

-- 2018-03-26 21:05:45

The European Space Agency is to work with Finnish start-up ICEYE on ways to exploit its novel radar satellites. ICEYE-X1 was launched in January - the first of multiple spacecraft that will go up in...

Cyber-crime mastermind held over ‘theft’ of 1.0b euros

Cyber-crime mastermind held over ‘theft’ of 1.0b euros

-- 2018-03-26 20:45:51

A cyber-crime mastermind suspected of stealing about £870m (€1bn) has been arrested in Spain. The individual is alleged to be the head of the organised crime gang that ran the Carbanak and...

Private browser, add-on step in as privacy proves hard to protect

Private browser, add-on step in as privacy proves hard to protect

-- 2018-03-26 17:31:13

Anyone tempted to #DeleteFacebook after the personal data of millions of users fell into the hands of a political consultancy is still likely to be monitored by the social network which tracks nearly...

US gunmaker files for bankruptcy

US gunmaker files for bankruptcy

-- 2018-03-26 15:38:12

Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure...

Trade war: India and China may warm up

Trade war: India and China may warm up

-- 2018-03-26 15:21:03

NEW DELHI: India's commerce minister Suresh Prabhu and his Chinese counterpart Zhong Shan are putting their heads together in Delhi on Monday in a Joint Economic Group (JEG) huddle. The meeting is...

Beijing will continue buying US Treasuries

Beijing will continue buying US Treasuries

-- 2018-03-26 15:13:30

China doesn’t seem to fear a trade war with the US. And it has plenty of means at its disposal to fight the war, including the scaling back of buying US Treasuries, or even worse, sell-off of US...