The progress of implementation of the Annual Development Programme (ADP) in the first four months (July–October) of the current fiscal year reached 11 per cent, which is 2 per cent lower than that recorded in the corresponding period of the previous fiscal year. According to the report of the…

The European Union (EU) yesterday expressed satisfaction over the signing a deal on satellite Bangabandhu-1, and mentioned that the EU and Bangladesh…

The two-day long second UK-Bangladesh E-Commerce Fair 2015 begins today at the Waterlily convention center of East London, reports UNB. Jointly organised…

Finance Minister Abul Maal Abdul Muhith yesterday told the Jatiya Sangsad that the government has undertaken initiative to set up tax office at the upazila level across the country, reports BSS. "We have already established tax offices at some upazilas during the present government's tenure,"…

AFP, SINGAPORE: Oil prices rose in Asia yesterday, bouncingback from a sharp fall the day before but expectations of another build in US crude inventories cast a shadow on the market. Traders are waiting for the release later Thursday of data by the US Energy Information Administration (EIA) showing…

Stock market recovered yesterday to close a volatile week when sell pressure was higher than buying activities. The major price indices also hit nearly six-month low at the premier bourse where investors were skeptical about future prospect, reports BSS. The broader DSEX price index of Dhaka Stock Exchange…

AFP, SHANGHAI: E-commerce giant Alibaba said yesterday that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy. The November 11 “Singles Day”, which fell on Wednesday,…

AFP, BERLIN: German auto giant BMW on Wednesday said it has acquired Chinese firm Herald Leasing as part of its bid to broaden the business in its biggest market to include car leasing. “With this move, the company is responding to the increasing importance of the emerging leasing business in…

AFP, HONG KONG: Chinese technology giant Lenovo yesterday said it saw a profit loss for the second quarter following a cost restructuring plan, despite stronger sales in its mobile business. However, the loss reported by the world’s biggest personal computer maker was narrower than analysts’…

Shares in aerospace group Rolls-Royce have sunk 20 per cent after it warned “sharply weaker demand” would hit its profits, reports BBC. It said profits this year would be at the low end of expectations, while next year it would face £650million of “headwinds” - more than…

 AFP, TOKYO: The dollar eased against most currencies in Asia early yesterday after surging at the start of the week, while a strong unemployment reading boosted the Australian dollar. The Aussie surged more than one percent against the greenback, as government data showed the country's October…

Bangladesh Agricultural Development Corporation (BADC) started distribution of 1 lakh 15 thousand 880 metric ton high yield hybrid seeds amongst the farmers during Rabi season, says a press release. The seeds include Boro, wheat, potato, maize, winter vegetables, pulse, oil and seed of spices. The farmer…

One of Australia's biggest lenders, ANZ, is paying out compensation to 200,000 customers totalling $13m Australian dollars ($9.3m; £6.1m), reports BBC. The move comes after the bank failed to apply correct interest payments to some accounts for several years. The lender told the BBC it had…

Yesterday, Narendra Modi, the Prime Minister of India, arrives in the UK, where there were plenty of photo opportunities and discussions about increasing…

AFP, BEIJING: China yesterday put into circulation a new version of its 100-yuan banknote—the highest denomination available in the world’s…

AFP, ATHENS: Around 20,000 people demonstrated against fresh cuts in Athens yesterday, with sporadic outbreaks of violence, in the first general strike…

AFP, LONDON: The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate…