Investors in the tourism sector are facing hard times, as Kuakata, one of the major tourist destinations in the country, remains deserted during the nationwide…

Bangladesh Bank has extended the operational hours of the banks by one hour during the extended general holidays until April 9. As per the new timetable, selective branches of the scheduled banks will now remain open from 10 am to 3 pm with transaction period from 10 am to 1 pm. A circular, issued by…

The country’s two bourses will remain closed till April 11 as the government extended the general holidays to contain the spread of deadly coronavirus. The government on Wednesday issued an order extending the nationwide holiday until April 11. Earlier, the government declared closure of all public…

Robi has come forward with its expertise in data analytics to support the government in combatting the corona virus pandemic in the country, a press statement said.  In partnership with a2i Program of ICT Division and Cabinet Division and Directorate General of Health Services (DGHS), Robi has…

Oil rebounded strongly in Asian trade yesterday on hopes for a US intervention to end a Saudi-Russia price war amid the escalating coronavirus pandemic.…

German state-owned investment bank KfW said yesterday it has requests for more than 10 billion euros ($11 billion) in loans to fight the COVID-19 crisis, and could issue at least 50 billion euros. "A huge wave" of requests is likely to follow next week now the bank's IT systems are fully…

US telecoms operators T-Mobile and Sprint finally merged on Wednesday, the companies said, bringing an end to two years of negotiations as the pair aimed…

Swiss pharmaceuticals giant Novartis said yesterday it had struck a mutual agreement with Aurobindo Pharma to cancel a deal to sell Sandoz to the Indian firm. "Novartis today announced the mutual agreement with Aurobindo Pharma USA Inc. to terminate the agreement to sell the Sandoz US generic oral…

Japanese global tech investor SoftBank Group said on yesterday it had terminated a tender offer worth up to $3 billion to acquire shares in US firm WeWork. The company said "certain conditions to the tender offer were not satisfied", but added the decision "will have no impact on WeWork's…

British American Tobacco said yesterday its US biotech unit is developing a potential vaccine for COVID-19 and is now in pre-clinical testing. Kentucky BioProcessing (KBP), the unit developing the vaccine, could produce between one million and three million doses per week starting in June, the company…

Prime Bank donates Tk 5cr to PM’s Relief Fund STAFF REPORTER, Dhaka Prime Bank has donated Tk 5 crore to Prime Minister’s Relief and Welfare Fund as part of joint initiative of member banks of Bangladesh Association of Banks (BAB), the bank said in a press statement. Prime Bank in the statement…