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Monday 27 May 2019 ,
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General Electric inks $7.4b power deals with local firms

General Electric inks $7.4b power deals with local firms

In the biggest ever investment in the power sector, General Electric (GE), an American giant, yesterday signed two deals totalling USD 7.4 billion with…

ICCB for strong understanding of trade fraud, risk management

International Chamber of Commerce Bangladesh (ICCB) President Mahbubur Rahman said strong understanding on criminal operation and risk management is crucial for financial institutions since fraud and data security threats come in so many different forms and different channels, reports BSS. “With…
USA escalates trade war with China

USA escalates trade war with China

The United States has escalated a trade war with China, threatening to impose fresh tariffs on another $200 billion in Chinese goods as soon as September,…

ADB to give $200m for Southwest Economic Corridor

Asian Development Bank (ADB) has decided to invest $200 million initially as part of its cooperation for the development of Southwest Economic Corridor, reports BSS. This amount will be spent for fuel transportation and trade facilitation purposes. The decision was taken at a meeting between executive…
Stocks perform mixed on higher transactions

Stocks perform mixed on higher transactions

Stocks performed mixed yesterday with major indices finishing flat despite increasing the daily transactions, reports BSS. The trade value at Dhaka Stock…

US for better business climate

US Ambassador to Bangladesh Marcia Bernicat on Wednesday stressed the need for removing barriers to smooth trade and investment to ensure an attractive business environment and strengthen economic relations with the US, reports UNB She mentioned a number of areas, including high tariff, unnecessary…

Asian markets tumble as new tariffs threat ends calm

Asian markets was shattered yesterday after the US threatened to hammer China with tariffs on a further $200 billion of imports, ratcheting up a trade war between the world’s top two economies, reports AFP from Hong Kong. Washington’s announcement comes just days after the two sides exchanged…

Cuba reauthorises private sector, but with tighter controls

Cuba on Tuesday reauthorized private businesses after a year-long freeze, but with tighter controls than before on a segment of the economy that now makes up 13 per cent of the Communist island’s workforce, reports AFP from Havana. The freeze had led to jitters among would-be entrepreneurs in…

Fox raises Sky bid in battle with Comcast

Rupert Murdoch’s 21st Century Fox yesterday increased its takeover offer for Sky, valuing the pan-European TV group at £24.5 billion and trumping Comcast’s rival bid, reports AFP from London. 21st Century Fox’s improved approach is for the 61 percent of Sky it does not own. New…
Britain to fine Facebook over data breach

Britain to fine Facebook over data breach

Britain's data regulator said yesterday it will fine Facebook half a million pounds for failing to protect user data, as part of its investigation…
India muscles past France in World Bank ranking

India muscles past France in World Bank ranking

India has become the world’s sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017, reports…

YouTube to invest $25m to boost ‘trusted’ news sources

YouTube unveiled plans to invest $25 million in news organisations as part of an effort to boosted trusted journalism and combat misinformation, reports AFP from Washington. The Google-owned online video service said it would offer funding “across approximately 20 global markets to support news…
Tesla unveils Shanghai factory plans amid US-China trade row

Tesla unveils Shanghai factory plans amid US-China trade row

Tesla on Tuesday revealed plans to build a factory in Shanghai that would dramatically increase its notoriously constrained production capacity, with…
Pubali Bank gets new AMD

Pubali Bank gets new AMD

Pubali Bank Limited has appointed Muhammad Mijanur Rahman Joddar as additional managing director, the bank said in press statement recently. Prior to…

Brexit to create 3,500 finance jobs in Paris

Britain’s moves towards exiting the European Union are already expected to create some 3,500 finance and banking jobs in Paris as leading players in the sector move their operations out of London, an industry group said yesterday, reports AFP from Paris. The figure “is much higher than the…

Indian IT giant TCS’s profits soar 24 per cent

India’s largest IT services firm Tata Consultancy Services (TCS) reported on Tuesday a 24 per cent rise in quarterly earnings thanks to strong growth in its banking and financial services division, reports AFP from Mumbai. TCS, a subsidiary of the Tata Group conglomerate, gets more than 80 percent…
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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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