The Executive Committee of the National Economic Council (ECNEC) yesterday approved a project for water preservation and safe water supply' with an estimated cost of Tk 374.51 crore, aiming to reduce dependence on groundwater for safe water supply. The approval for the project, titled ‘excavation…

Dhaka Chamber of Commerce and Industry (DCCI) President Hossain Khaled urged the Chinese entrepreneurs to invest in Bangladesh to take the advantage of three million young workers who are coming into job market every year. "Every year about three million young people of Bangladesh are coming into…

AFP, TOKYO: The dollar broadly weakened yesterday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about US monetary policy. The greenback has been see-sawing as divergent views from Fed officials keep markets guessing about the timing of a possible…

AFP, HONG KONG: Energy firms sank in Asian trade yesterday as oil prices extended the previous day’s sharp losses due to profit-taking after a recent…

AFP, FRANKFURT: German car giant Volkswagen said yesterday it had reached a deal with suppliers to begin deliveries again after a stoppage that forced…

AFP, DAR ES SALAAM: Sweaty passengers crammed into battered buses and stuck in traffic jams look on enviously as Tanzania's shiny new commuter buses…

Companies that are in the process of purchasing a startup do not take the decision instantaneously. As a startup, you need to have a regular conversation…

AFP,SAN FRANCISCO: Microsoft on Monday announced it bought a startup to boost its artificial intelligence capabilities, and rival Apple confirmed it has boosted its health focus with an acquisition of its own. Microsoft did not disclose financial terms of its deal to buy Genee, which specializes in…

Stock markets plunged further yesterday mainly due to the sell pressures for large-cap securities. The sell pressure, however, drove the daily transaction significantly high, reports BSS. Among the large-cap group, shares of MJLBD, SPCL and some other securities from cement, food and allied, textile…

AFP, BRUSSELS: Eurozone economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed yesterday. Data monitoring company Markit said the eurozone economy maintained its resilience despite Britain’s shock…

AFP, KHARTOUM: Sudan and South Sudan agreed yesterday to extend an oil deal between the two countries, officials said, but they failed to settle the exact terms. When they split in 2011 after decades of war, the two nations agreed that the South would pay a fixed fee for the use of export pipelines…

Le Méridien Dhaka has appointed Saeed Ahmed as its hotel manager, a press statement said yesterday.  Prior to new position, Ahmed was serving…

GSK and Save the Children have launched their fourth annual $1 million Healthcare Innovation Award, which rewards innovations in healthcare that help to reduce child deaths in developing countries, a press statement said.  The innovations must have resulted in tangible improvements to under-5 child…

AFP, NEW YORK: US pharmaceutical giant Pfizer announced Monday that it will acquire Medivation for about $14 billion, besting Sanofi and other large drug companies that had sought the biotech firm's lucrative cancer treatments. The all-cash deal brings Pfizer the hit medication Xtandi, which generated…

AFP, ABU DHABI: The United Arab Emirates agreed Monday to deposit $1 billion into Egypt’s central bank in a new show of support for President Abdel Fattah al-Sisi, state news agency WAM said. The announcement comes as Egypt grapples with a dollar shortage and dwindling foreign reserves, and as…