The World Bank (WB), acting as administrator for the Global Partnership on Output-Based Aid (GPOBA), signed a $15 million grant agreement with the government to increase access to clean energy for targeted rural areas through output-based aid (OBA) subsidies. "The grant is expected to benefit 1.1…

Bad news piled up Friday for Brazil’s economy, with the real plunging to its lowest level against the dollar in 12 years and analysts warning the home of samba will need years to recover its economic rhythm, reports AFP from   Sao Paulo. For President Dilma Rousseff, weakened by government…

Japanese automaker Mitsubishi said Friday it would stop making vehicles in the United States and is looking to sell its underused Illinois plant, reports AFP from Washington. “Following a review of Mitsubishi Motor Corporation’s global supply chain, we have been informed it is necessary…

Khandker Maksudul Hassan has recently been appointed chairman of Bangladesh Power Development Board (PDB), says a press release. Hasan took over charge recently as the 32nd chairman of PDB. Prior to the new appointment, he was serving the state-run agency as its member for distribution. Hassan passed…

Fiat Chrysler Automobiles issued a safety recall for 1.4 million US cars and trucks Friday after hackers demonstrated that they could remotely control their systems while they are in operation, reports AFP from  New York. The recall came after cybersecurity experts Charlie Miller and Chris Valasek…

AFP, ATHENS: Debt-crippled Greece on Friday took a step closer to a huge third international bailout by formally requesting IMF help, but sources said “logistical problems” were delaying the start of talks in Athens. The Greek government, which is seeking a three-year bailout worth up to…

AFP, CAIRO: Egypt began Saturday the first trial run of its “new Suez canal,” officials and state media said, ahead of the formal inauguration of the new shipping route next month. Dubbed the Suez Canal Axis, the new 72-kilometre (45 mile) project is aimed at speeding up traffic along the…

AFP, KATHMANDU: As dark clouds loomed overhead, Rabi Baral hurriedly secured his tent to the ground at a camp for victims of Nepal’s earthquake, three months after the disaster upended his life. The 7.8-magnitude quake on April 25 destroyed the 41-year-old’s home and left him without a job,…

NewsCred is one of its kind of a startup that was founded by 3 Bangladeshis. Shafqat  Islam, Iraj Islam and Asif Rahman came up with the idea of having a content services business. Their business started operated from an unimpressive garage in the neighbourhood of Banani, Dhaka and later they took…