US oil giant Exxon Mobil reported another round of disappointing results on Friday, sending shares sharply lower at it moved to address rising criticism of its communications and operations, reports AFP from New York. The company’s share price fell 2.8 per cent to $81.92 following the report,…

Twitter shares took a pounding on Friday after it reported a decline in its user base, extending a stock market bloodbath for what had been a sizzling…

British Prime Minister Theresa May faces being hobbled by the EU’s rejection of key planks of her departure plan, stoking fears of a hard Brexit as calls grow for a second referendum, reports AFP from London. No sooner had May secured support for her “Chequers plan”—which cost…

Power utilities will buy solar power from consumers under net metering system, reports UNB. Power Secretary Dr. Ahmed Kaikaus announced this yesterday at a function organised by the Power Division to unveil the newly framed “Net Metering Guideline 2018” in order to buy rooftop solar from…

President Donald Trump on Friday hailed roaring US economic growth as a “miracle,” and said the quickest expansion in almost four years was a vindication of his economic agenda, reports AFP from Washington. With the size of the American economy now surpassing $20 trillion, GDP expanded by…

Oil prices declined on Friday as U.S. energy companies added oil rigs for the first time in the past three Weeks, reports Xinhua from New York. The number of rigs operating in U.S. oil fields rose by three to a total of 861 rigs this week, the first time in the past three weeks that drillers have added…

Asian Development Bank (ADB) will provide $501.5 million assistance to Bangladesh for implementing the Rupsha 800 MW combined cycle power plant project, reports BSS. Out of the total amount, the Manila-based lending agency will provide $500 million in Ordinary Capital Resources (OCR) loan while the…

Bangladesh Ambassador in Riyadh Golam Moshi has said that stern actions will be taken against the recruiting agencies sending workers to the Kingdom of Saudi Arabia (KSA) through fraudulence, reports BSS. He said this at a view exchange meeting with representatives of different print and electronic…

US-Bangla Airlines, one of the leading private airlines in Bangladesh, will operate additional flights in the domestic routes to meet the local demands ahead of the Eid-ul-Azha, reports UNB. From August 17-21, the airline will operate eight additional flights to Jashore, four to Saidpur, three to Rajshahi…

Chinese banks held 253.4 trillion yuan (37 trillion U.S. dollars) in assets as of the end of June, according to data released by the China Banking and Insurance Regulatory Commission, reports Xinhua from Beijing. The volume marked an increase of 7.1 per cent year on year, the regulator said. By the…