Stressing the need for developing skilled manpower for increasing national productivity, Commerce Minister Tofail Ahmed yesterday said more training facilities will have to be created for the people involved in productive professions, reports BSS. “There is no alternative to increasing national…

AFP, BRUSSELS: Fifteen of the 28 EU member nations are seeking to keep genetically modified organisms out of all or part of their territory, as the deadline for opting out of new European legislation on GMO crops nears, the bloc’s executive arm said Thursday. The growing list of members which…

AFP, WASHINGTON: The US Treasury Department reminded Congress on Thursday to lift the country’s debt limit by November 5 or risk threatening the good credit rating of the world’s largest economy. A day after President Barack Obama signed a temporary spending bill to fund the government through…

Amazon is to stop selling video-streaming TV devices from Google and Apple because they don’t “interact well” with its own media service, reports BBC. The online retailer said it wants to sell products that work with its in-house streaming video service known as Prime Video. Prime…

Bangladesh Bank has launched new online CIB (credit information bureau) system, which was prepared by its own staff, reports UNB. Following the introduction of the system, any bank or financial institution can easily receive the online CIB service, especially the credit related information of a client…

AFP, SOPOT:  Economic growth in the European Union is too weak to allow for Ukraine to join the 28-member bloc, according to leading US economist and reformer Jeffrey Sachs. “In Europe, growth is not strong enough to pull Ukraine into the EU,” he told AFP yesterday on the margins of…

AFP, TOKYO: The dollar was little changed against most of its Asia-Pacific peers yesterday as foreign exchange dealers looked ahead to closely watched US employment figures released later in the day. A handful of currencies including the South Korean won fell against the dollar as most regional equity…

AFP, WASHINGTON: Clouds are gathering over the world’s economic leaders ahead of a meeting in Peru to confront the fallout of a China-sparked commodity price crash that has rocked once-powerful emerging markets. The impending prospect of a US interest rate hike, the first in nine years, further…

AFP, TOKYO: Spending among Japanese households rebounded in August, data showed Friday, offering a glimmer of hope after a string of weak figures, but…

AFP, WASHINGTON: The head of the World Bank, Jim Yong Kim, criticized companies dodging taxes Thursday, calling it corrupt behavior that ultimately hurts…

AFP, MOSCOW: Russia’s first personal bankruptcy law came into force on Thursday in a move expected to usher in a flood of legal action by Russians who are struggling to pay back loans. Russians with debts of more than 500,000 rubles ($7,680) that are more than 90 days overdue will now be able…

AFP, FRANKFURT: Embattled auto giant Volkswagen said Thursday an investigation it has commissioned into its massive pollution cheating scandal would take…