Land acquisition for a 15 km India-Bangladesh railway line has finally begun in both countries -- more than seven-and-a-half-years after the Rs 963 crore…

A total of 443 industrial units have been registered with the Bangladesh Investment Development Authority (BIDA) during April to June quarter (Q2) of 2017, reports BSS. During the three months, BIDA received proposals for investing a total of Tk 2,90,256.58 million from the local and foreign entrepreneurs…

Education Minister Nurul Islam Nahid on Wednesday said the Asia-Pacific region is failing to meet the demands placed on the labour market due to a skills shortage, reports UNB. The minister came up with the remarks while speaking as the chief guest at a conference titled “Regional Conference on…

Biman Bangladesh Airlines has decided to keep its cargo import terminal at Hazrat Shahjalal International Airport (HSIA) open for seven days in week from now on to remove heavily clogged goods, reports BSS. The national flag carrier urged all importers to release their imported goods from the terminal…

The immigration and customs services for Dhaka-Kolkata Maitree Express train passengers will be completed at the stations of departure likely from the next month (August), reports BSS. “The immigration, customs and all other services of Kolkata-bound passengers will be completed at Dhaka Cantonment…

AFP, LONDON: Britain is busily laying the groundwork for post-Brexit trade with a flurry of international diplomacy -- but can only tentatively explore…

AFP, SAN FRANCISCO: Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 per cent from a year ago to $3.9 billion while revenue climbed 45 per cent to $9.3 billion.…

AFP, BEIJING: When outspoken professor Qiao Mu posted his resignation letter on a popular Chinese messaging app, sympathetic readers tapped their phone…

Stocks ended week upward yesterday with rising trend of all the indices at Dhaka and Chittagong stock exchanges on higher activities of large-cap securities,…

AFP, WASHINGTON: The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday but gave no clear signal about the chances for another increase this year or about any concerns about low inflation. But the central bank did confirm that it plans to begin to reduce its massive bond holdings…

AFP, SEOUL: South Korean giant Samsung yesterday posted record quarterly earnings, putting it on course to overtake Apple as the world's most profitable tech firm as it seeks to move past a bribery scandal and last year's recall debacle. The firm said huge sales of its new Galaxy S8 smartphone…

AFP, MADRID: Spain’s jobless rate tumbled in the second quarter, official data showed yesterday, lifted by strong job creation in the services sector as the busy tourist season got underway. The unemployment rate stood at 17.2 per cent in the second quarter, down from 18.7 per cent in the previous…

The government has taken back eight jute and textile mills from private sector for violating the major conditions set out during handing over the state-owned enterprises, according to a jute and textile ministry statement issued yesterday, reports BSS. The authorities concerned kept the mills closed…

AFP, ABU DHABI: Abu Dhabi’s Etihad Airways said yesterday it posted a $1.87 billion loss last year, hit by “one-off” impairments on aircraft and investments in troubled Alitalia and airberlin. The government-owned carrier said total impairments amounted to $1.9 billion, including a…

AFP, SAN FRANCISCO: Twitter failed to boost its user base and saw a drop in revenues in the past quarter, the social network said yesterday, sending its shares tumbling in pre-market trade. The message platform, which has been struggling to keep pace in the fast-moving world of social media, reported…

Seoul, AP/UNB: The Bank of Korea said yesterday that South Korea’s economy grew at a 2.7 per cent annual pace during the April-June quarter as gains in capital expenditures and consumer spending offset lower exports. The central bank said in a preliminary reading that Asia’s fourth-largest…