Google on Monday said it is throttling back on its vision of having profiles at its social network serve as people’s identities across its range of online offerings, reports AFP from San Francisco. “Important changes” coming to Google+ in the months ahead will include users no longer…

The country’s 20 lakh fishermen will be provided with identity cards by the end of the year 2015 for welfare of the fishermen under a development project which has been taken by the Department of Fisheries.   Fisheries and Livestock Minister Muhammed Sayedul Hoque yesterday came up with the…

The World Trade Organisation on Monday formally accepted Kazakhstan’s bid to join the body, ending nearly two decades of negotiations that the WTO has called among the most difficult in its history, reports AFP from Geneva. Meeting at its headquarters in Geneva, the WTO General Council approved…

Stocks yesterday showed a recovery trend after witnessing a fall in the past two trading sessions. The trade value and volume remained at moderate level, though rose significantly over the previous session, reports BSS. The broader DSEX of Dhaka Stock Exchange (DSE) recovered nearly 22 points to finish…

Britain’s economy accelerated in the second quarter of 2015, helped by rebounding services activity and industrial output, official data showed yesterday, reports AFP from London. Gross domestic product grew 0.7 per cent between April and June, the Office for National Statistics (ONS) said in…

Kuwait has called on Saudi Arabia to resume production at a disputed border oil field, saying its neighbour will be held responsible for revenue losses, reports said yesterday. Kuwaiti Oil Minister Ali al-Omair told his Saudi counterpart Ali al-Naimi in a letter that the Saudi decision to halt production…

A factory which allegedly made up to 41,000 fake Apple iPhones has been raided in China, with nine arrests, reports BBC. The operation reportedly involved “hundreds” of workers repackaging second hand smartphone parts as new iPhones for export, with counterfeit phones produced worth 120m…

General Motors yesterday announced plans to invest $5 billion to introduce a new family of cars under the Chevrolet line targeting emerging markets, co-developed by Chinese partner SAIC Motor, AFP reports from New York. The largest US automaker expects to manufacture and sell the vehicles in China,…

NCC Bank has recently elected SM Abu Mohsin as its chairman, says a press release. The board of directors of the bank also elected Sohela Hossain vice chairman of the bank. Mohsin was a former chairman of Continental Insurance Company Ltd, and director of Central Hospital Ltd.  Beside, his business…

A three-day international symposium on HP Technology began in the capital yesterday, reports BSS. Hewlett Packard (HP) Enterprise Group, the US global information technology company, is organising the event at Hotel Six Seasons, Gulshan to showcase many cutting edge technologies and solutions. This…

The Board of Directors of Apex Spinning & Knitting Mills Limited has recommended 20 percent cash dividend for the year ending on March 31, 2015, reports UNB. The annual general meeting will be held on September 30 at Trust Milonayaton, Dhaka Cantonment while the record date is August 8, according…

Global oil prices fell further yesterday on stubborn concerns over high supplies and slowing Chinese demand, AFP reports from London. US benchmark West Texas Intermediate for delivery in September dropped 27 cents to $47.12 a barrel compared with Monday's close. Brent North Sea crude for September…

AFP, LONDON: BP said yesterday it sank into the red in the second quarter, after taking a vast $10.8-billion hit on costs linked to the deadly 2010 Gulf of Mexico oil spill. The British energy giant’s performance also took a heavy knock from slumping global oil prices. Losses after taxation stood…

AFP, SHANGHAI: Chinese shares sank yesterday, a day after Shanghai’s steepest one-day slide in eight years, defying renewed government vows of support that analysts warned were not enough to soothe nervous investors. The fresh losses, in a volatile session, came despite an unprecedented effort…

AFP, ATHENS: The Greek government and its international creditors began work on a mammoth new bailout Monday overshadowed by revelations that Greece’s ex-finance minister Yanis Varoufakis had been secretly planning for a parallel system of liquidity. As the European Commission confirmed that technical…