State Minister for Land Saifuzzaman Chowdhury yesterday said the US$ 50 billion  export target set by BGMEA from the apparel sector by 2021 is achievable. “The government will act as a facilitator and the RMG businesspeople should explore newer avenues for exporting apparel items from Bangladesh,”…

AFP, WASHINGTON: Amazon unveiled a major home electronics push Thursday, led by a $50 tablet computer and other devices aimed at budget-conscious, gadget-hungry consumers. The low-cost, seven-inch (18-centimeter) Fire tablet is part of an upgraded line being launched by the online retail giant, along…

AFP, WASHINGTON: Moody’s cut France’s sovereign debt rating one notch to Aa2 on Friday, saying the country will struggle with slow growth and a high debt burden for the next five years. “The current economic recovery in France has already proven to be significantly slower—and…

AFP, SHANGHAI: Apple will launch an online payment service in China, media said, as the tech giant seeks to expand in its largest market outside of the US despite fierce competition from local rivals. An Apple Company offering online payment has launched in the Shanghai Free Trade Zone (FTZ), an area…

AFP, DETROIT: US auto workers won their first raise in a decade in a deal with Fiat Chrysler’s US subsidiary that will be used as a template for…

Abdul Wadud has been appointed deputy managing director of City Bank Limited, the bank said in a statement recently. Prior to this appointment, his was serving in the same bank as senior executive vice president and head of credit risk management, the statement added. He started his career as management…

Badsha Mia has been elected president of Bangladesh Cotton Association recently for the term 2015-17, says a press release. Other office bearers are – Vice Presidents--M Shahidullah and Sk Samiul Islam; General Secretary-Mehdi Ali; Joint Secretaries--A Matinsarker, Pavel Hossain; and Treasurer--Abdul…

Chittagong Stock Exchange (CSE) yesterday unveiled the logo of 5th capital market fair to be held in Chittagong from October 8, says a press release.…

AFP, SYDNEY: Captains of Australian industry have a lengthy wishlist for new Prime Minister Malcolm Turnbull but also strong hopes the former tech entrepreneur…

AFP, SINGAPORE: More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said yesterday as he allayed concerns it was aimed to challenge US and Japanese influence in the region. The number could bring the AIIB on a par with…

Microsoft Bangladesh recently signed two memorandum of understandings with two leading technology associations of Bangladesh—Association of Software and Information Services (BASIS) and Bangladesh Computer Samity (BCS) for promoting genuine software of Microsoft. Sonia Bashir Kabir, the country…

AFP, WASHINGTON: The United States further eased restrictions on business and travel with Cuba Friday, as it presses forward in rebuilding long-frozen…