Monetary policy plays a vital role in controlling the supply of money, often by setting up a target of inflation rate or interest rate, to ensure price stability and general trust in the currency. Monetary economics provides insight into how to craft optimal monetary policy. Fazle Kabir, governor of…

AFP, SAN FRANCISCO: US ride-share startup Lyft on Friday dedicated a new team focused on speeding up its effort to create a self-driving vehicle platform, which would be open to use by other companies. The San Francisco based company earlier this year announced what it billed as the world's first…

AFP, NEW YORK: General Electric offered a downcast earnings outlook Friday based on weakness in its oil and gas and power divisions, as the company’s leadership transitions to incoming chief executive John Flannery. GE, which last month tapped Flannery to replace longtime CEO Jeff Immelt, said…

Unveiling a master plan (2017-41) on power and energy system, the National Committee to Protect Oil-Gas, Mineral Resources and Power-Port yesterday claimed that power generation is possible at a price lesser than the government’s estimated one, reports UNB. It showed that generation of 91,700…

Expatriates’ Welfare and Oversees Minister Nurul Islam BSc yesterday asked the officials of Bureau of Manpower, Employment and Training (BMET) to make oversees job seekers aware of safe migration and migration cost, reports UNB. He made the call while inaugurating a day-long training workshop…

The government has progressed much with its countrywide economic zones plan and Mirsarai Economic Zone alone is expected to fetch US $20-25 billion real investment by 2030 ushering in a new era of industrialisation and job creation in the country, reports UNB. “We’ve so far received investment…

Bank of America has chosen Dublin as its new base to service EU clients as part of its Brexit contingency plans, reports BBC. It is the first US bank…

The China Securities Regulatory Commission (CSRC), the country’s top securities market regulator, has approved IPO applications from nine companies, reports Xinhua. They will raise no more than 4.4 billion yuan (652.8 million US dollars), the CSRC said in a statement. Five companies will be listed…

AFP, LONDON: Travellers face airport delays if Britain’s airspace design is not updated, the UK’s air traffic control company warned on Friday, at the start of a record-breaking summer flights season. “The ageing design of UK airspace means we will soon reach the limits of what can…

AFP, PARIS: France’s banking watchdog said Friday it had fined Societe Generale five million euros ($5.8 million) over lapses in its measures to prevent money laundering that could finance terrorism. The punishment was for a number of failings picked up during regular checks carried out in 2015,…