AFP, LONDON: Oil hovered close to $50 per barrel this week as traders tracked OPEC’s refusal to set production limits and key data in the United States, the world’s biggest consumer of crude. The market began the week on the back foot on Monday after recent comments from Federal Reserve…

AFP, CARACAS: Mayra de Ramos stood in line all day to buy two packs of corn flour and pasta, but the Venezuelan grandmother says it won’t be enough.…

AFP, WASHINGTON: US companies unexpectedly slashed hiring last month after a strong four-year run, raising questions about the economy’s strength…

Industries Minister Amir Hussian Amu on Saturday said Bangladesh and India could take joint initiatives in technology-based medium and large scale industries for mutual benefit, reports BSS. The minister was addressing the inaugural session of the ‘Invest Tripura: A Business Meet’ at Prajna…

PTI, Singapore: The US is working “very hard” on changing its “outdated” export control policy on India as the two strategic partners seek to continue working together on a large number of projects, including in the military sector, Defence Secretary Ashton Carter said yesterday.…

Dhaka Electric Supply Company Limited (Desco) yesterday signed a contract worth of Tk 455.42 crore with Hyosung Corporation of Korea to construct five GIS grid substation. The GIS substation will be constructed in Uttara third phase area, Aftabnagar, Purbachal, Bashundhara and Gulshan/Banani area-all…

AFP, WASHINGTON:  Walmart announced plans Friday to team up with Uber and Lyft on a pilot grocery delivery program, in a fresh challenge by the US retail giant to Amazon. The big retailer said it would test the “last-mile” delivery with the two ridesharing groups as well as the delivery…

Civil Aviation and Tourism Minister Rashed Khan Menon yesterday said the government has taken initiative to establish an aviation university in the country considering huge employment potential centering the aviation sector, reports BSS. “There is huge scarcity of skill human resources for our…

The North West Power Generation Company Limited (NWPGCL), under Power Division, will sign a contract with Singapore based Sembcorp Utilities Pte Ltd, at Bidyut Bhaban, Bhijoy Hall at 4.00pm today, reports BSS. The agreement would be signed for Sirajganj 414 MW Duel Fuel Combined Cycle Power Plant (unit-4)…

AFP, WASHINGTON: Moody’s became the third rating agency to remove Finland’s top-flight AAA credit rating Friday, saying it sees no improvement in the country’s debt challenge over the coming five years. Moody’s cut the Nordic country’s rating by one notch to Aa1 following…