DHAKA: World Bank Group President Jim Yong Kim arrives in Dhaka on Sunday (October 16) to see firsthand the progress Bangladesh has made in transitioning successfully to a lower-middle income country, despite daunting development challenges. During the two-day visit, Kim will join a

DHAKA: US computer company HP Inc has said it expects to cut 3,000 to 4,000 jobs over the next three years. The hardware business of the former Hewlett-Packard announced the plans as part of a larger restructuring effort. It is hoped the cuts will generate some $200m to $300m in

DHAKA: Sales at Volkswagen have shown signs of recovering from the emissions crisis as it reported strong September deliveries, thanks mainly to China. Overall, the group saw a 7.1% increase in deliveries last month, to 947,600 vehicles worldwide. Of those, 382,300 went to China, a

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Thursday (October 13), the last trading day of the week. DSEX, the prime index of DSE, gained over 11.99 points or 0.25 percent to

BENAPOLE (JESSORE): Export and import activities between Bangladesh and India through Benapole land port in Jessore district resumed on Thursday (October 13) after six days of Durga Puja and Ashura vacations. Imported goods-laden trucks started entering Benapole from India around

DHAKA: The pound has recovered some of its recent losses, with analysts attributing the gains to the promise of a Commons debate on the Brexit process. The pound closed 0.6% higher on Wednesday at $1.22. Against the euro, it rose nearly 1% to close at €1.11. But the gains could

DHAKA: The pound is higher in early Asian trading, regaining some of the ground lost from a sharp drop late on Tuesday. The currency was trading at $1.2259, up 0.8% from its fall the previous day. On Tuesday, it had fallen more than 2%, dropping below $1.21, while against the euro

DHAKA: Samsung Electronics has slashed its quarterly profit forecast due to the scrapping of its Note 7 smartphone. The South Korean firm now expects third quarter profits of 5.2tn won ($4.7bn), which is a third lower than its original estimate of 7.8tn won. The Note 7 was recalled

DHAKA: Russia has said it will support a proposal by Opec to freeze oil production in order to reverse the slump in global prices. The move lifted the price of oil, with Brent crude hitting a one-year high. “Russia is ready to accede to joint measures to reduce (oil) production,

DHAKA: Many travelers buying foreign currency at the UK’s airports are now receiving less than one euro to the pound. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound, reports the

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed consecutive loss in share price indices on Monday (October 10), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed loss in share price indices on Sunday (October 9), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 25.09 points

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share price indices at the opening hours on Sunday (October 9), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

DHAKA: A group of major business lobby groups has written an open letter urging the government to preserve barrier free trade with Europe. The letter is signed by leaders of the CBI and manufacturers’ body the EEF. It said the way in which the UK leaves the EU and on what terms is

DHAKA: UK industrial production fell in August, official figures have shown, hitting the recent run of upbeat economic news. Industrial production fell by 0.4% between July and August, the Office for National Statistics said, partly due to a drop in oil and gas production.

DHAKA: The US economy created 156,000 jobs in September, official figures show, slightly fewer than expected. However, August’s figure was revised higher to 167,000 from 151,000. Both figures are lower than 180,000 average for this year, reports the BBC. The unemployment rate

DINAJPUR: Export and import activities between Bangladesh and India through Hili land port has closed for eight days from October 6 (Thursday) due to the occasion of Durga Puja. However, the passengers’ movement between the two neighboring countries will remain normal. Bangla Hili

DHAKA: Deutsche Bank has announced that 1,000 jobs will be cut in Germany. The move adds to the 3,000 job losses announced in June, reports the BBC. Almost half of the latest job cuts will hit the company’s chief operating office, with the rest spread over several departments.

DHAKA: Shares in Samsung Electronics have hit a record high after activist investor Elliott Management proposed a radical corporate shake-up. The US hedge fund is urging the tech giant to streamline its business, which makes consumer electronics including smartphones and televisions.

DHAKA: World food prices were up in September, driven largely by the rising cost of sugar, the UN’s food agency says. The Food and Agriculture Organisation’s (FAO) food price index found prices had increased by 10% year on year and 2.9% on August. However, it stressed prices