Streaming pioneer Netflix significantly expanded its global footprint to 190 countries, making its Internet TV service available in 130 new markets including…

Bangladesh Bank (BB) will announce the half-yearly Monetary Policy Statement (MPS) for the second half of the current 2015-16 financial year (FY16) next week, reports BSS. "We are going to launch a new monetary policy by mid January", BB Chief Economist Biru Paksha Paul told the news agency…

AFP, LONDON: British finance minister George Osborne warned yesterday the economy faces a “dangerous cocktail of new threats” in 2016, insisting on the need to remain strict on public spending. His comments come amid a sell-off on financial markets, with Chinese stocks plunging on concerns…

AFP, SHANGHAI: China’s foreign exchange reserves saw their biggest ever monthly drop in December, falling to a three year low, official figures showed, as the central bank sells dollars to prop up its currency. The country’s foreign exchange stockpile, the world’s biggest, declined…

AFP, LONDON: World stock markets tumbled and oil plumbed new lows yesterday as investors feared for the global economy on signs of a dramatic slowdown…

AFP, MONTREAL: TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the firm said on Wednesday. TransCanada Corp said the denial of a permit to complete the Keystone XL pipeline “was arbitrary…

AFP, LAS VEGAS: It’s not last year’s fitness tracker anymore. New technology on display at the Consumer Electronics Show gets deeper into…

AFP, WASHINGTON: The World Bank slashed its growth forecast for the global economy in 2016 on Wednesday, citing “disappointing” growth in…

The government is planning to extend the tax exemption for software development and information technology-enabled services (ITES) by another five years to encourage investment in the sector, Zunaid Ahmed Palak, state minister for ICT, said yesterday. Government is very keen to create friendly environment…

The country’s mobile phone operators will have to compensate their users for call drops, state minister for Posts and Telecommunications Division Tarana Halim said. The state minister said BTRC will give directions to the mobile phone operators to provide minutes as compensation for every case…

Stock market closed the first week of the New Year 2016 flat after showing a short-lived bullish trend in consecutive two trading sessions, reports BSS. Dhaka Stock Exchange (DSE) began New Year 2016 with mixed trend as there were some worries prominent among investors. The major concerns were about…

Rezaul Haque has recently been re-elected as the chairman of Social Islami Bank for the fifth term, the bank said in a statement yesterday. Haque is a freedom fighter and also served the medical corps of Bangladesh Army, according to the statement. He is also a sponsor director of United Hospital and…

A 34-member business team led by Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Abdul Matlub Ahmed left Dhaka yesterday for Kolkata, reports BSS. During the visit, they will take part a two-day "Bengal Global Business Summit" aimed at boosting the regional connectivity,…

AFP, LAS VEGAS: General Motors on Wednesday unveiled the production version of its Chevrolet Bolt electric car, on which the US auto giant is pinning its hopes for the emerging segment. The Bolt aims to appeal to consumers looking at a more affordable price tag than the luxury, market-leading Tesla.…

AFP, MONTREAL: The Canadian dollar, weighed down by weak oil prices, fell Wednesday to its lowest level against the American currency since August 2003, despite a narrowing of the Canadian trade deficit. Shortly after 1300 GMT, the “loonie” dropped below 71 cents US for the first time in…

AFP, BRUSSELS: Eurozone unemployment dropped to its lowest level in four years in November, official data showed yesterday, beating analyst expectations amid lingering doubts about the strength of the economy in Europe. The improved jobs picture comes as the 19-country single currency bloc is still…

AFP, SEOUL: Indonesia signed a $1.3 billion deal with South Korea yesterday to jointly develop Seoul's next-generation fighter jets, the South's aircraft manufacturer said. Under the deal signed with Korea Aerospace Industries (KAI), Indonesia's defence ministry will invest about 1.6 trillion…