AFP, OTTAWA: General Motors is shifting 625 jobs from a plant in Canada that makes popular crossover utility vehicles to Mexico, the Canadian auto workers union said Friday. The cuts represent one-fifth of the facility’s workforce and comes less than a year after GM expanded the Canadian plant,…

AFP, PARIS: The Standard and Poor’s agency yesterday downgraded Turkey’s credit rating to “negative” from “stable” because of a slump of the lira while Fitch cut its sovereign debt to junk. The national currency has dropped 18 percent against the dollar since…

AFP, AUBERVILLIERS:  Maligned by leftist French politicians as a symbol of the jobbing economy, Uber is making inroads in high-rise Paris…

AFP, NEW YORK:  Major US airlines are eyeing the potential for higher airfares in 2017 after a boost in post-election corporate travel emerged as a bright spot in the fourth quarter. On Friday, American Airlines became the latest carrier to point to an uptick in business travel after the US…

Bangladesh has exported only US$ 689.62 million to Indian markets in the last fiscal year, while the import volume from India was US$ 5695.78 million in the same fiscal, Commerce Minister Tofail Ahmed said yesterday. Besides, imposition of antidumping duty on jute goods will also hamper export…

Bangladesh Bank (BB) Governor Fazle Kabir will unveil the Monetary Policy Statement (MPS) for the second half (H2) of the financial year 2016-17 (FY17)…

BASIS SoftExpo, the biggest exhibition in country's information technology industries, will begin at Bangabandhu International Conference Center (BICC) here on February 1, says a press release. Jatiya Sangsad Speaker Dr Shirin Sharmin Chaudhury is expected to inaugurate the four-day show. Planning…

Walton has set up a compressor manufacturing factory at Chandra in Gazipur with 40 lakh pieces annual production capacity, the company said in a press statement yesterday.  The compressor factory will officially start its operations in March this year. All sorts of works including building infrastructure,…

Increase in soil salinity may lead to decline in yield by 15.6 per cent of high-yielding-variety rice and significant changes in the aquatic ecosystems in the Southwest coastal areas of Bangladesh during dry season by 2050, according to recent studies of the World Bank (WB), reports BSS.  The studies…

Xinhua, NEW YORK: Oil prices fell Friday after data suggested drilling is further recovering in the United States and an increasing US output may follow. The number of US rigs classified as drilling for oil is up 15 to 566 this week, the highest since November 2015, according to data released by…