State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday said that to ensure uninterrupted electricity by 2030, the country needs an investment of around $30 billion. He was speaking at the discussion meeting on investment organized by the Foreign Investor’s Chamber of Commerce…

Civil Aviation and Tourism Minister Rashed Khan Menon yesterday said the recent militant attacks in the country will not affect the country’s tourism sector, reports UNB. The minister came up with the observation while talking to reporters after addressing the second session on the penultimate…

AFP, LONDON: Oil prices held steady yesterday after slumping to three-month lows as a surprise jump in US crude stocks stoked global supply glut jitters. US energy department data showed Wednesday that inventories were 13.4 per cent higher on-year, while gasoline stocks were up 11.8 per cent, indicating…

AFP, LONDON: European stocks and the dollar slid yesterday after the Federal Reserve held interest rates and indicated it would take a slow, measured…

Data is changing the way that we understand the world, our businesses, and even ourselves. From wearable technology to sensors embedded in machinery, we can now mine data from an almost limitless number of sources, while the increasing sophistication of analytics technology means that we can turn this…

Do you ever hesitate to click on a post shared by a friend on Facebook? Not because it’s a boring picture of their dinner, but because you’re…

AFP, SINGAPORE: Singapore multi-billion-dollar sovereign wealth fund GIC yesterday reported a substantial dip in returns and warned of “difficult”…

Stock market closed the week flat amid speculation centering the new monetary policy statement (MPS) and its impact on the economy, especially on the country's capital market, reports BSS. Bangladesh Bank (BB) yesterday announced a cautiously accommodative monetary policy for the first half of the…

AFP, SAN FRANCISCO: Facebook said on Wednesday its profit leapt 186 per cent from a year ago to $2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter. With its global base of monthly active users growing to 1.7 billion, Facebook saw a 59 percent…

AFP, SEOUL: Solid sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics yesterday post a better-than-expected…

Sadharan Bima Corporation (SBC), the lone state-owned non-life insurer, earned a net profit of Tk 2.83 billion for the year 2015. It is Tk 36 crore higher than that of the previous year. The corporation earned Tk 2.47 billion in 2014, a press statement said yesterday.   It was disclosed at its…

AFP, LONDON: Britain’s Pinewood Studios, where Harry Potter and James Bond movies were filmed, could be sold to a property company for $ 426 million (384 million euros) under a draft deal revealed yesterday. Pinewood “announces that it has reached agreement... on key terms of a possible…

AFP, LONDON: Royal Dutch Shell’s net profit collapsed in the second quarter on low oil prices, weak refining margins and production outages, the British energy giant said yesterday. Net profits sank 71 per cent to $1.175 billion in the three months to June, compared with $3.986 billion in the…