AFP, SAO PAULO:  Brazil hoped to start 2016 making itself pretty for its turn on the world stage when its hosts the summer Olympics. Instead attention has turned to its deepening economic crisis. The world’s seventh largest economy tipped into recession last year—official figures show…

AFP, LONDON: The world’s biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were “irrational” as crude…

AFP, LONDON: Technology giant Google is to pay £130 million (172 million euros, $185.4 million) in back taxes to Britain following a government inquiry into its tax arrangements, a company spokeswoman said Friday. It follows a six-year probe by Britain’s HM Revenue and Customs (HMRC) in…

The telecom regulator has placed a cap on daily call-termination volume of three interconnection exchange (ICX) operators as their outstanding dues mounted to more than Tk 150 crore, reports BSS. The regulator also cautioned the operators to shut their operations if they failed to pay the outstanding…

Bangladesh Bank Governor Atiur Rahman yesterday asked both the public and private sector bankers to put in their best efforts for creating new entrepreneurs, including female ones, for infusing furthermore dynamism into the country’s economy, BSS reports from Rajshahi. Narrating various aspects…

AFP, SINGAPORE: Credit evaluator Moody’s said on Friday it has placed the ratings of 120 oil and gas firms worldwide under review for possible downgrade due to plunging crude prices. “These reviews reflect a mix of declining prices that are near multi-year lows, weakening demand and a prolonged…

AFP, BUENOS AIRES:  Drinks giant Coca-Cola and car maker Renault-Nissan have each announced big new investments in Argentina in a sign of renewed foreign interest after a pro-business government took power there. The Renault-Nissan conglomerate will invest $600 million to launch construction of…

Aiming at increasing awareness of policies for private sector and investment in Bangladesh and to attract the foreign investors-a two day long ‘Bangladesh Investment and Policy Summit 2016’ is going to begin in the capital today. Director (Joint secretary) Board of Investment (BoI)…

The UN Secretary General Ban Ki Moon made Professor Yunus as a member of the Sustainable Development Goals (SDG) Advocacy Group for the promotion and implementation of the Sustainabile Development Goals. These goals were adopted last September during the UN General Assembly. Secretary General Ban Ki…

Kazi Shofiqul Azam, additional secretary (World Bank), Economic Relations Division, Ministry of Finance, has recently been elected as the managing director…

Walton is planning to manufacture mobile phone by 2017, SM Monjurul Alam Ovee, group’s director of the company said. The local brand has already employed more than 150 engineers, who are conducting massive product development and research activities, he added.  He came up with the remarks…

Samsung Mobile Bangladesh has launched “Samsung Studio”, an initiative to associate greater local affinity through its products and services for Bangladesh, a press statement said yesterday.  Through the service, the product packaging (or ‘unit boxes’) for Samsung…