AFP, SHANGHAI: The Chinese consortium that agreed to buy AC Milan in a multi-million dollar deal this summer has been hit with new forgery claims, local…

AFP, BRATISLAVA: European trade ministers scrambled Friday to salvage talks on a massive free trade deal with the US amid angry calls that Europe abandon negotiations. Ministers from the EU’s 28 member states meeting in Bratislava are attempting to patch over deep differences after tens of thousands…

AFP, WASHINGTON: Moody’s cut Turkey’s sovereign debt rating by one notch to the speculative or “junk” level of “Ba1” Friday, saying the country’s finances have weakened amid increased political turmoil. It also said that the government’s reaction to the…

Speakers at a seminar yesterday emphasised the need for engagement of community people in tourism to turn it into a sustainable industry,  reports…

The country’s export of software and IT products may cross $1 billion by 2018 if the present trend of exports by IT companies together with freelance software developers and call center companies continues, said State Minister for ICT Zunaid Ahmed Palak yesterday, reports UNB. Addressing a roundtable…

Bangladesh has become the Chair of the Delta Coalition as the Netherlands formally handed over the chairmanship to it, reports UNB. The chairmanship was handed over to Bangladesh Foreign Minister AH Mahmood Ali by the Special Envoy for International Water Affairs of the Netherlands Henk Ovink at a simple ceremony…

AFP, NEW YORK: The US hotels giant Marriott International on Friday announced it had completed its takeover of Starwood Hotels & Resorts, creating the world’s largest hotel company. Shareholders in both companies had voted in April to approve the takeover after the Chinese insurer Anbang abandoned…

AFP, WASHINGTON: Oxfam International on Friday called for prudence following the World Bank’s announcement that it would tap capital markets for funds to support development work in the world’s poorest countries. The International Deve-lopment Association, a World Bank arm which offers concessional…