Employees seek extention till June

The Banglalink Employees' Union has requested the mobile phone operator to extend the deadline of the Voluntary Separation Scheme offered by the private…

�Treat aquaculture as agriculture�

Aquaculture is a part of agriculture but it has always been neglected when compared to the crops sector. The sector must be treated as agriculture for the sector’s development, experts said at a workshop held in the capital yesterday. They said aquaculture sector in the country needs financing…

Deal signed to build digital Maheshkhali

A tri-party Memorandum of Understanding (MoU) among Bangladesh, Korea Telecom (KT) and International Organisation of Migration (IOM) has been signed to turn Bangladesh’s southern Maheskhali Island into digital one, reports UNB. The MoU was inked in presence of State Minister for ICT Zunaid Ahmed…

Oil prices extend losses in Asia

AFP, SINGAPORE: Oil prices fell further in Asia yesterday after OPEC kingpin Saudi Arabia shut the door on an output cut to ease the global crude supply glut, touting only a freeze in production. Traders were cautious ahead of the release later Wednesday of data on US commercial crude stockpiles…

Ex-BB governor AKN Ahmed passes away

Former Bangladesh Bank governor AKN Ahmed died in Washington of the US on Wednesday. He was 85, reports UNB. Ahmed, who served the central bank as its…

Pound falls to fresh 7-yr low on �Brexit� fears

AFP, TOKYO: The pound yesterday fell below $1.40 to a fresh seven-year low on growing worries that Britain may vote to leave the European Union, as Prime Minister David Cameron ramps up his bid to stay in the 28-nation bloc. Sterling briefly dropped as low as $1.3975 in morning Tokyo trade, its…

18 treaties blocking tax imposition on global companies

A new report revealed that Bangladesh has some 18 tax treaties that dramatically restrict the government’s power to impose tax on global companies doing business in Bangladesh, reports UNB. Those treaties unfairly limit the country’s potential to collect tax revenue, said the study titled,…

Asian shares slump as global markets struggle

AFP, HONG KONG: Asian stocks fell yesterday as regional markets battled the global headwinds of lackluster European and US economic data and a renewed…

Airbus net profits soar to � 2.7b on rising orders

AFP, LONDON: Airbus Group said yesterday its net profits climbed 15 per cent last year and predicted deliveries of more than 650 aircraft in 2016…

Loud, chaotic, historic Korean fish market resists gentrification

AFP, SEOUL: Seoul’s oldest and largest fish market—a city landmark and tourist hot-spot—is fighting a move to a futuristic, half-billion-dollar…

Virtual card launched for apps developers, programmers

Bangladesh Bank has complied Bangladesh Association of Software and Information Services (BASIS) demand of online payment system for individual apps developers and programmers, says a press release. Bangladesh Bank recently directed all banks to issue virtual card which led Dutch-Bangla Bank Ltd to…

Smokers get $4.9m from Philip Morris USA

Nearly 200,000 Marlboro Lights smokers will get $25 each, plus interest — a fraction of the $600 million the plaintiffs had sought from Altria Group’s Philip Morris USA — after a Massachusetts judge found they were duped into buying what they thought was a safer cigarette, reports…

Johnson & Johnson hit with $72m damages in talc-cancer case

A jury in the US state of Missouri has ordered Johnson & Johnson (J&J) to pay $72m (£51m) to the family of a woman who claimed her death was linked to use of the company’s Baby Powder talc, reports BBC. Jackie Fox from Birmingham, Alabama died of ovarian cancer last year, aged 62,…

Second phase of Coca-Cola scheme begins

Coca-Cola launched the second phase of the company’s global programme, 5by20, in Khulna and Bagerhat rcently. The programme, which seeks to empower 5 million women economically worldwide by 2020, was adapted into the Women Business Centre programme in Bangladesh, says a press release. The first…

Oracle launches EDR InfiniBand Fabric

Oracle yesterday announced Oracle Enhanced Data Rate (EDR) InfiniBand Fabric, says a press release. The new software-defined networking-enabled, 100 GB/s converged fabric enables enterprise customers to securely accelerate application performance in order to quickly respond to changing business…

Shore to Shore to use GT Nexus for payment

GT Nexus announced yesterday that Shore to Shore Textiles, a manufacturer of men’s and women’s under garments based in Bangladesh, is tapping the GT Nexus network to obtain access to capital to fund its business and improve performance, says a press release. GT Nexus, an Infor company, operates…