Executive Committee of the National Economic Council (ECNEC) yesterday approved the “Expansion of power distribution system and upgradation at West Zone Area” involving Tk 1,278.20 crore to ensure reliability and longevity of power distribution and also to reduce technical and non-technical…

Bangladesh Atomic Energy Regulatory Authority (BAERA) yesterday issued site licence to Rooppur Nuclear Power Plant Project to start the main construction work. The licence issuing ceremony was organised by BAERA at a hotel in the capital. BAERA chairman handed over the licence to Bangladesh Atomic Energy…

Until the finalisation of Value Added Services (VAS) guideline, the cellular phone operators in the country could not change the revenue sharing with the third party VAS providers, reports BSS. The government is going to issue a directive to maintain status quo on VAS revenue sharing against the backdrop…

AFP, London:   London’s City finance district is set for a sleepless night Thursday as traders hunker down to await the hotly-anticipated…

AFP, BRUSSELS: EU ambassadors agreed to roll over damaging economic sanctions against Russia for six months in the absence of any progress on resolving the Ukraine conflict, European sources said yesterday. The measures target the oil, financial and defence sectors of the Russian economy and were first…

AFP, KARLSRUHE: Germany’s constitutional court yesterdat quashed a eurosceptic lawsuit against a key crisis-fighting tool of the European Central…

AFP, SYDNEY: Australia’s consumer watchdog yesterday launched court action against food giant Heinz, claiming it had made false representations…

Stock market experienced fall for the third consecutive day yesterday amid lackluster trade, reports BSS. The broader index of Dhaka Stock Exchange (DSE) fell by 5.89 points to 4363.11 when the blue-chip DS30 and the Shariah DSES were 2.79 points down at 1710.21 and 0.62 points down at 1075.16 respectively.…

AFP, HONG KONG: Chinese Internet giant Tencent yesterday announced it had agreed to buy Finnish game-maker Supercell Oy, creator of “Clash of Clans”, from Japanese mobile firm SoftBank for $8.6 billion. “The board is pleased to announce that on 21 June 2016, the consortium... has agreed…

AFP, WASHINGTON: Twitter said on Monday it was acquiring British-based artificial intelligence startup Magic Pony to bolster its capacity for analysis of visual content. Magic Pony’s technology, based on research to create algorithms that can understand the features of imagery “will be used…

Islami Bank Bangladesh Limited yesterday donated Tk 15 crore to the Prime Minister’s Relief and Welfare Fund, reports BSS. Chairman of the bank Engineer Mostafa Anwar handed over a cheque for the amount to Prime Minister Sheikh Hasina at her Jatiya Sangsad office, PM’s Press Secretary Ihsanul…

Le Meridien Dhaka received a TripAdvisor Certificate of Excellence, a press statement said yesterday. The certificate of excellence accounts for the quality, quantity and recency of reviews submitted by travellers on TripAdvisor over a 12-month period. Certificate of excellence recipients include accommodations,…

AFP, TOKYO: Mitsubishi Motors said yesterday it would resume selling four car models at the centre of a fuel-cheating scandal that hammered its reputation and slammed the brakes on sales. The announcement comes about two months after the company admitted it had been falsifying mileage tests for years,…

AFP, LONDON: Oil prices hit reverse yesterday, snapping two days of gains as dealers awaited this week's US crude inventories data and Britain's critical in-out EU membership referendum. At about 1100 GMT, world benchmark contract Brent North Sea crude for delivery in August was down 66 cents…