State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday said the Sweden government would invest $1.0 billion to introduce the new technology and digitalise the grid for making the system more reliable and efficient, reports BSS. “The government is committed to improve the…

The Cabinet Committee on Purchase has approved a proposal of the food ministry to import of one lakh metric tonne of boiled rice from India at a cost of Tk 377.65 crore. The approval was given at the yesterday meeting of the committee held at the secretariat with industries minister Amir Hossain Amu…

AFP, SYDNEY: Rio Tinto and two former top executives were charged with fraud by US authorities yesterday, accused of inflating the value of the company’s…

AFP, HONG KONG: The rally on global markets extended into Asia yesterday after another record on Wall Street, while eyes turn to a key meeting of China’s leadership. The Dow and S&P 500 closed at new all-time highs following solid results from big firms including Johnson & Johnson and…

AFP, LONDON: The 10-storey building may look like a hotel, but it is thought to be the world’s biggest large-scale house-share, offering modest…

AFP, TEHRAN: Just days after US President Donald Trump called for further isolation of Iran, a Norwegian solar company signed a deal Tuesday to invest 2.5 billion euros in the country over the next five years. “Norway is fully committed to the JCPOA (nuclear deal) and this is proof that we have…

Stocks performed mixed yesterday with major indices finishing flat on higher activities of some large cap securities despite decline in the daily transactions, reports BSS. The rising major sectors were pharmaceutical and chemical, textile and engineering. A total of 122 securities of the large-cap…

AFP, COLOMBO: Sri Lankan workers in the Middle East sent back fewer dollars in August, the sharpest monthly drop yet owing to adverse economic and geopolitical conditions in the region, its central bank said yesterday. Remittances declined by a record 10 per cent to $556.6 million, compared with $618.3…

AFP, LAGUNA BEACH, US: Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm’s e-commerce platform - not by hiring American workers. Tsai, speaking at a California tech conference, made the comments to follow up on a headline-grabbing…

AFP, NEW YORK: Bombardier’s alliance with Airbus creates new hurdles for Boeing, but the US giant could respond by deepening its collaboration with Brazil’s Embraer and launching a new aircraft, analysts say. The surprise deal with Airbus was designed to let Bombardier proceed with its C…

AFP, LONDON: More British finance firms will move business to EU countries if Britain fails to hammer out a post-Brexit transition deal by the end of the year, London Stock Exchange chief Xavier Rolet warned yesterday. "Unless on this side of Christmas a credible announcement is made, then my understanding…