The government has made the use of jute bags mandatory for carrying and preserving 11 more items. The Textiles and Jute Ministry issued a notification…

AFP, BRUSSELS: Eurozone business activity remained stable in January as a robust outlook defied political uncertainty with employment on the rise, a closely watched survey showed yesterday. Data monitoring company IHS Markit said its report suggested the 19-nation eurozone economy was set for solid…

A delegation of Wales Bangladesh Chamber of Commerce (WBCC) is now in the city on their third trade visit to Bangladesh to continue their efforts to 'strengthen'…

The National Board of Revenue (NBR) has started preparatory work for formulation of the national budget for fiscal year 2017-2018 (FY18), reports BSS. As part of the preparation, the NBR has asked its field level offices to send opinion for preparing the budget proposals. The NBR is considering the…

Millions of smallholder farmers in South and Southeast Asia are attempting to diversify beyond staple crops to increase their incomes, nutrition, and resilience in response to climate change and shifting market demand, reports UNB. Although they are potentially significant producers of fresh vegetables…

AFP, BEIJING: Chinese e-commerce giant Alibaba said yesterday its revenues leapt 54 per cent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping. Revenue for the company, seen as a benchmark for China's increasingly crucial consumer sector, reached 53.25…

AFP, ABU DHABI: Abu Dhabi-based Etihad Airways said yesterday its president James Hogan will step down in the second half of 2017 after leading the fast-growing Gulf carrier for more than 10 years. The government-owned carrier said the move is part of a "transition process" initiated by the…

AFP, THE HAGUE: Dutch electronics giant Philips said yesterday its bottom-line profit more than doubled in 2016, buoyed by gains from the flotation of its lighting business and the strong performance of its health technology division. Net profit soared by 126 percent to 1.49 billion euros ($1.6…

The United Nations World Food Programme (WFP) honoured Ajay Banga, president and chief executive officer of Mastercard, in recognition of outstanding contributions towards achieving Zero Hunger, a press statement said yesterday. WFP Executive Director Ertharin Cousin hands over the 2017 Hunger Hero…

AFP, SYDNEY: Australia said yesterday it was working to recast the Trans-Pacific Partnership without the United States and opened the door for China to…

AFP, BERLIN: Software giant SAP said yesterday that Brexit and geopolitical upheaval would boost rather than hinder future growth as it upped sales and profit targets for the next few years. SAP, the German Dax index’s biggest company by market capitalisation, said demand for its cloud services…

AFP, SEOUL: Samsung Electronics’ profits leaped in the fourth quarter, it said yesterday, despite the humiliating Galaxy Note 7 recall that hammered…

AFP, SAN FRANCISCO:  Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to “work required to meet closing conditions,”…