The World Bank and the International Monetary Fund (IMF) will soon launch a new initiative to help developing countries strengthen their tax systems, an IMF statement, received here yesterday said, reports BSS. Referring to an analysis, the statement said many lower-income countries have the potential…

Credit and debit cards, also referred as plastic money, are becoming more popular as convenient and safe for various types of transactions, according to recent official data, reports BSS. Bangladesh Bank (BB) regular monthly report for June showed that use of both credit and debit cards increased in…

Six new projects by young entrepreneurs were approved at the 92nd Social Business Design Lab in the capital yesterday. The 92nd Social Business Design Lab took place yesterday at the Grameen Bank Auditorium in the capital. At yesterday's Lab, six new social business plans were presented, all of…

People buying things online in both developed and developing countries will have better protection in the coming days, with a global initiative taking place to upgrade the international competition and consumer protection policies, reports BSS. More than 350 competition specialists from 70 countries…

An accounting scandal involving massive Japanese conglomerate Toshiba deepened on Saturday as reports said the company’s president would likely be forced to resign, report AFP from Tokyo. The resignation of Toshiba President Hisao Tanaka will be finalised after a third-party panel tasked with…

AFP, ABUJA: Nigeria’s President Muhammadu Buhari will take only half of the salary paid to former head of state Goodluck Jonathan, his office announced on Friday. “President Muhammadu Buhari will only receive 50 per cent of the salary paid to his predecessor,” the head of state’s…

AFP, PARIS: As Greece inches closer to a bailout deal that will keep it in the eurozone, experts have hailed France for playing the role of pacifier in fractious debt talks and putting the brakes on a dreaded “Grexit”. After a dramatic referendum in which Greek voters rejected the terms…

AFP, LONDON: Commodity prices faced some heavy selling this week as the spotlight fell on the impact of China’s stock market crash, while uncertainty over Greece added to the downward pressure. “The idea that a stock market crash could put a hole in China’s economy and reduce demand…

The digital media is flooded with advertisements everywhere. But the advertising revenues are falling, this is because the advertising market is apparently a house of cards and fraud is widespread. It has been revealed that almost half of the online ads are actually never seen by a human being. Instead…

AFP, PARIS: Academics and economists called Friday for a price on carbon and an end to fossil fuel subsidies to help curb rampant greenhouse gas emissions harming Earth’s climate system. Rather than an economic burden, such measures offered novel money-making opportunities that would also ensure…