Siemens has bagged an order worth 130 million euro to set up a high voltage direct current (HVDC) link to connect power supply networks of India and Bangladesh. "Siemens has received an order for an HVDC (high-voltage direct-current) back-to-back link to connect the power supply networks of India…

Post offices across the country would work as rural banks to include more grassroots people into banking network, reports BSS. "We want to expand the activities of our post offices as rural bank to include more people at grassroots level into financial service," said State Minister for Posts…

Nearly 22 per cent of the country’s remittance earning has been coming through informal ways, said Planning Minister AHM Mustafa Kamal yesterday, reports UNB. The minister said this while addressing the launching of a survey report, titled ‘Survey on Investment from Remittance-2016’,…

The government has disbursed Tk 33,57,49,000 as interest-free small loan among poor and marginal fish farmers across the country under the 'Fisheries Sector Small Loan Register-2011', reports BSS. A total of 59,210 small and marginal have been able to reap benefit of this loan scheme of the…

AFP, LONDON: The Financial Times warned yesterday against Britain quitting the EU amid nervousness on the financial markets, as a new poll showed a big…

AFP, BANGKOK: Thailand’s fisheries director said yesterday his department needs more time to clean up the kingdom’s scandal-mired seafood sector and avoid a looming European threat to ban its fish products. The kingdom is the world’s third largest seafood exporter, a status that rights…

AFP, SAINT PETERSBURG: Russian authorities, increasingly concerned that the current recession will be followed by prolonged economic stagnation, are redoubling efforts to persuade investors that much-needed reforms will be pushed through. The Saint Petersburg International Economic Forum which runs…

AFP, WASHINGTON: As more gruesome crimes and attacks show up on live online video, social media platforms are facing new challenges on preventing the…

Both Dhaka Stock Exchange and Chittagong Stock Exchange finished the week with returning the downward trend yesterday like opening day of the week, reports BSS. The broader DSEX index of Dhaka Stock Exchange (DSE) finished the day 16.72 points down at 4395.28, when the blue-chip DS30 declined by 8.70…

AFP, BEIJING: Chinese ride-hailing app Didi Chuxing, a bitter rival of US-based Uber, has raised $7.3 billion in one of the world’s largest private equity financing rounds, the company said in a statement yesterday. Didi is locked in a war of attrition with Uber over drivers and riders but claims…

Bangladesh Post Office (BPO) would introduce 118 vehicles for its courier and parcel services, reports BSS. “The vehicles would join the existing fleet of BPO by April next year to ensure fast and quick services to the people, and 20 per cent of those vehicles would remain reserved for women drivers”…

AFP, TOKYO: The yen surged yesterday after the Bank of Japan held fire on fresh stimulus measures, as fears over Britain’s future in the EU pummel…

AFP, FRANKFURT: Embattled auto giant Volkswagen unveiled yesterday plans to launch more than 30 all-electric models by 2025 as it seeks to reposition itself as a leading player in environmentally sustainable modes of transport. VW, currently entangled in a global engine-rigging pollution scandal, said…

Xinhua, PHNOM PENH: The European Council on Tourism and Trade (ECTT) has named Cambodia as the World Best Tourism Destination for 2016, said its press release issued late Wednesday. Some 30 countries joined the competition for the illustrious award this year, the press release said, adding that Cambodia…

AFP, FRANKFURT: The European Central Bank yesterday said it plans to issue a new 50-euro banknote early next year, as it gradually replaces all of its different notes currently in use. "The ECB and the national central banks of the euro area will unveil the new 'Europa' series 50-euro banknote…

AFP, PARIS: Sales of cars in the European Union surged by 16 per cent in May compared to a year earlier, continuing a 33-month rise and nearing pre-recession levels, manufacturers said yesterday. A total of 1.29 million new cars were sold in the 28-nation bloc, a tally close to that of May 2008, the…

Belarus government has appointed RMM Group Managing Director Aniruddha Kumar Roy as its honourary consul to Bangladesh, the Belarus foreign ministry sources…