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The Financial Express

Search results for: EC

Uber admits covering up 2016 hacking

Uber admits covering up 2016 hacking

-- 2022-07-23 17:15:27

Uber Technologies Inc on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with US prosecutors to avoid crimina...

Banks’ savings deposits surge

Banks’ savings deposits surge

JASIM UDDIN HAROON 2022-07-23 08:27:44

Savings deposits in Bangladesh's banks have ballooned in recent years notwithstanding the pandemic and lower rates of interest, as, economists believe, investment activity slowed. Such deposit accumu...

Sri Lanka food prices increase by 75.8pc in 12 months

Sri Lanka food prices increase by 75.8pc in 12 months

-- 2022-07-22 21:48:54

Food prices in Sri Lanka increased by 75.8 per cent in the twelve months till June, accelerating from 58.0 per cent in May. Sri Lankan news outlet Daily Mirror said the data from National Consumer Pr...

Global slowdown fears darken prospects for Asian factories

Global slowdown fears darken prospects for Asian factories

-- 2022-07-22 20:40:46

Worries over a global slowdown are casting a shadow over Asia's recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their econom...

Korean businesses encouraged to seize opportunity offered by Bangladesh

Korean businesses encouraged to seize opportunity offered by Bangladesh

-- 2022-07-22 18:12:54

Director General of the Korea Trade-Investment Promotion Agency (KOTRA) Kim Jong-won has encouraged the Korean business executives to reorient their focus and policy priorities toward Bangladesh and s...

WB increases support for climate action in developing countries

WB increases support for climate action in developing countries

FE ONLINE REPORT 2022-07-22 17:56:14

The World Bank Group on Friday announced its new Climate Change Action Plan aiming to provide record levels of climate financing to developing countries, reduction of emissions, strengthen adaptation,...

Europe's banks brace for bumpy ride

Europe's banks brace for bumpy ride

-- 2022-07-22 15:23:03

Europe's banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their busin...

Women's safety now at the heart of Tinder

Women's safety now at the heart of Tinder

BBC 2022-07-22 12:59:37

Keeping women safe is now "at the heart" of the world's largest dating app, Tinder, it claims. The technology company is launching a partnership with campaign group No More, aiming to end...

Bangladesh Bank forms Credit Guarantee Department

Bangladesh Bank forms Credit Guarantee Department

FE REPORT 2022-07-22 09:20:11

The Bangladesh Bank (BB) has formed a new department named Credit Guarantee Department as part of expanding its activities relating to providing credit guarantee facilities to small firms, especially...

BDT slips further vs dollar

BDT slips further vs dollar

FE REPORT 2022-07-22 09:11:50

The Bangladesh Taka (BDT) has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost it...

BD growth exceeds projection: ADB

BD growth exceeds projection: ADB

FE REPORT 2022-07-22 08:43:34

Bangladesh's economic growth has exceeded the rate, as was projected by the Asian Development Bank (ABD). The Manila-based multilateral lender said this in its July Asian Development Outlook (ADO) su...

Global manufacturers see chip shortage easing

Global manufacturers see chip shortage easing

-- 2022-07-21 21:46:09

Hyundai Motor Co 005380.KS, factory robot builder ABB ABBN.S and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers aft...

Debapriya emphasises roadmap for debt repayment of 20 mega projects

Debapriya emphasises roadmap for debt repayment of 20 mega projects

-- 2022-07-21 17:54:19

Economist Dr Debapriya Bhattacharya on Thursday called for a roadmap for debt repayment of the top mega projects which will be started between 2024 and 2026. "A major shock is coming to the economy b...

Baidu unveils autonomous vehicle without steering wheel

Baidu unveils autonomous vehicle without steering wheel

-- 2022-07-21 17:22:55

China's search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year.Cos...

Google complies with Indonesia licensing rules, others risk blocking

Google complies with Indonesia licensing rules, others risk blocking

-- 2022-07-21 17:14:21

Indonesia said on Thursday Alphabet Inc's Google has signed up to its new licensing rules for technology platforms, but warned that companies that had yet to register would be blocked in five working...

New Sri Lankan government must raise taxes, make difficult reforms: central bank governor

New Sri Lankan government must raise taxes, make difficult reforms: central bank governor

-- 2022-07-21 10:52:01

Sri Lanka's new president will have to deal with daunting political challenges and his reforms should include tax rises to stabilise a devastated economy, the central bank governor told the Financial...

IMF team cites weaknesses on macroeconomic front

IMF team cites weaknesses on macroeconomic front

FE REPORT 2022-07-21 09:30:56

An International Monetary Fund (IMF) economic appraisal mission noted with concern Bangladesh's low tax-GDP ratio, non-performing loan (NPL) buildup in the banking system and rising inequality, offici...

Tk 300b tax revenue deficit in FY '22

Tk 300b tax revenue deficit in FY '22

DOULOT AKTER MALA 2022-07-21 08:42:28

The tax revenue collection has faced nearly Tk 300 billion shortfall in the previous fiscal year (FY), 2021-22, although the tax-collecting wings have achieved double-digit growth over their previous...

Bangladeshi startups net $90m in H1

Bangladeshi startups net $90m in H1

FE REPORT 2022-07-21 08:26:16

Bangladeshi startups have raised nearly $90 million in investment in the first half of the running calendar year, according to a study report. Of the latest investment, business-to-business platform...

BGMEA seeks IMF support in realising strategic vision of RMG industry

BGMEA seeks IMF support in realising strategic vision of RMG industry

-- 2022-07-20 20:55:05

BGMEA President Faruque Hassan has sought the support of the International Monetary Fund (IMF) in realising the vision of the RMG industry, which in turn would contribute to the development of Banglad...

We don’t need any loan from IMF right now, says finance minister

We don’t need any loan from IMF right now, says finance minister

-- 2022-07-20 18:43:10

Finance Minister AHM Mustafa Kamal has dismissed a media report that Bangladesh is seeking a loan of $4.5 billion in aid for economic recovery. “Neither had we placed any proposal to IMF for a...

iPhone maker Foxconn builds EV partnership with NXP Semiconductors

iPhone maker Foxconn builds EV partnership with NXP Semiconductors

-- 2022-07-20 17:46:09

Taiwan's Foxconn said on Wednesday it has partnered with chipmaker NXP Semiconductors to develop platforms for electric vehicles, adding to a string of such deals by the iPhone assembler as it moves i...

A Bookesque Voyage: Book recommendation based on locations

A Bookesque Voyage: Book recommendation based on locations

Juairah Jahan 2022-07-20 17:41:54

From Hogwarts of the infamous Harry Potter series to 221B Baker Street of Sherlock Holmes to Willy Wonka's chocolate factory from Charlie and the Chocolate Factory – we have all imagined visitin...

BB unveils refinancing scheme of Tk 250b for small businesses

BB unveils refinancing scheme of Tk 250b for small businesses

-- 2022-07-20 15:54:54

Bangladesh Bank (BB) has announced a refinancing scheme of Tk 250 billion for cottage, micro, small and medium entrepreneurs. Under this scheme, banks and financial institutions can disburse loans th...

Elon Musk's long-standing vision to integrate A.I. into human brain

Elon Musk's long-standing vision to integrate A.I. into human brain

ABRAR FAHIM 2022-07-20 15:42:05

Elon Musk's objectives for enhancing the human brain are beyond ambitious. But how does he plan to achieve this goal? The answer is Neuralink. It was started by Musk for looking into the possibilitie...

Bangladesh sets export target of $67b for FY23

Bangladesh sets export target of $67b for FY23

-- 2022-07-20 15:17:06

Bangladesh is aiming to set a new record for export earnings in fiscal 2022-23 even as the war in Ukraine rattles the global economy. The government is targetting $67 billion in revenues from exports...

92.79pc ADP executed in FY22

92.79pc ADP executed in FY22

FE REPORT 2022-07-20 09:35:37

With the record-highest single-month spending, government agencies implemented 92.79 per cent of the Annual Development Programme (ADP) in fiscal year (FY) 2021-22, officials said on Tuesday. In the...

Recovery to rise, dev process to accelerate

Recovery to rise, dev process to accelerate

FE REPORT 2022-07-20 09:32:40

A fresh loan-rescheduling and- restructuring policy the central bank has just issued would help raise recovery of huge unpaid loans and facilitate overall economic activities amid the exigencies of pa...

Inflation bites, as rate soars to 9-year high

Inflation bites, as rate soars to 9-year high

FHM Humayan Kabir 2022-07-20 09:31:01

Bangladeshis also feel bitter bite of inflation as its point-to-point rate climbed to 7.56 per cent last month, a nine-year high, amid erratic price rises. Meanwhile, the average inflation rate in th...

EU wants full implementation of labour roadmap for trade facility

EU wants full implementation of labour roadmap for trade facility

-- 2022-07-19 20:45:41

The European Parliament's delegation on international trade on Tuesday said that the block wants full implementation of Bangladesh government's commitment to implement a labour roadmap. "We want the...