The prices of Bangladesh-produced cotton trousers have declined by over 40 per cent in the US market since 2000, according to an American researcher. Dr Mark Anner, an associate professor at Penn State University, came across this as part of his research titled ‘Prices and Development in the Global…

The Executive Committee of the National Economic Council (ECNEC) yesterday approved a Tk 1,381.45 crore ‘Urban Resilience Project (DDM Part, DNCC Part, Rajuk Part and PCMU Part) aiming to reduce the impacts and losses of natural disasters like earthquake in Dhaka, Gazipur, Narayanganj and Sylhet…

Bangladesh Bank (BB) yesterday requested the law enforcement forces, including the intelligence agencies, to intensify their operations against those involved in manufacturing and distribution of fake notes ahead of Eid-ul-Fitr, reports BSS. During a meeting with representatives of scheduled banks and…

Stock market closed the week yesterday in a strength fall than extended to the sixth consecutive session, taking broader index of the prime bourse to below 4500-point level, reports BSS. The DSEX index of Dhaka Stock Exchange (DSE) closed the week at 4455.28 when the blue-chip DS30 and the Shariah DSES…

Hailing the proposed budget for 2015-16 as a realistic one, lawmakers from both treasury and opposition benches today termed it a time-befitting fiscal document full of self-confidence to create a pathway to building “Digital Bangladesh”, reports BSS. Taking part in the general discussion…

AFP, OSLO: From flower emblazoned cemeteries to rooftop gardens and balconies, Norway’s capital Oslo is creating a “bee highway” to protect endangered pollinators essential to food production. “We are constantly reshaping our environment to meet our needs, forgetting that other…

AFP, HANOI: Lawmakers in Vietnam voted yesterday to build a controversial new $16 billion airport near Ho Chi Minh City, as the country vies to become one of the world’s busiest aviation hubs. The project aims to ease airport congestion in Vietnam’s business hub and cater to an ambitious…

Smartphone manufacturer Huawei is offering discount on smartphones to share the joy of Eid-Ul-Fitr with its customers in Bangladesh, says a press release. To celebrate the joy of Eid, Huawei is offering Tk 1,000 discount on its recently launched Huawei Y5C smartphone. The market price of Huawei Y5C…

Noir, a youth centric clothing and accessories brand, unveiled its Eid collection ‘15 for customers at affordable prices, says a press release. Shah Rayeed Chowdhury, director of Noir states that, “Our aim is to provide customers with a one stop solution to global fashion trends at low prices.…

AFP, LONDON: Oil prices were mixed yesterday after falls the previous day caused by high US output, while the market also tracked talks concerning Iran’s nuclear programme. US benchmark West Texas Intermediate for August delivery fell 23 cents to $60.04 from Wednesday’s close. Brent North…

AFP, WASHINGTON: US and Chinese negotiators bridged some differences over economic policy in annual bilateral talks Wednesday, even as the two countries continue to wrestle with major strategic disagreements. Both sides suggested they closed gaps in talks on a bilateral investment treaty (BIT) following…

AFP, TOKYO: Toyota and Nissan, Japan’s two top automakers, yesterday expanded their global car recall by more than three million vehicles to replace potentially deadly airbags that have already been linked to eight deaths. Toyota said it will call back an additional 2.86 million vehicles “equipped…

AFP, SEOUL: South Korea on Thursday announced a $14 billion stimulus package to boost its troubled economy, hammered by the deadly MERS outbreak which has dented consumer spending and business sentiment. In announcing the 15 trillion won programme—which follows a central bank interest rate cut…

AFP, BRUSSELS: Greek Prime Minister Alexis Tsipras and his country’s creditors failed to reach a bailout deal at emergency talks yesterday, raising fresh fears that Athens will default on an IMF loan next week. The differences remain so great despite two days of marathon negotiations that the…