DHAKA: German telecoms giant Deutsche Telekom is planning to axe 4,000-6,000 jobs in a radical shake-up of its IT services subsidiary, T-Systems.The business daily Handelsblatt reported on Monday, says The Straits Times.Quoting company sources, the newspaper said that the unit’s

DHAKA: David Cameron has promised to create a ‘partnership for growth and reform’ as he visits China on a trade mission with more than 100 UK business leaders.The prime minister also pledged to put his ‘full political weight’ behind a proposed agreement to free up trading between

DHAKA: The Bangladesh mobile user base rose to 111.79 million in October from 108.68 million in September. Grameenphone brought its customer base to 46.66 million from 46.04 million a month earlier and Banglalink ended November with 28.39 million customers, up from 28.10 million, figures

DHAKA: Top business leaders issued a seven-day ultimatum to arrest culprits for their involvement in setting fire to four garments factories of Standard Group.President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Kazi Akram Uddin Ahmed told reporters at a

DHAKA: Prime Bank Eye Hospital, an initiative of Prime Bank Foundation, a concern of Prime Bank Limited, has launched a free eye care camp recently at the premises of Qazi Salima Huq Mohila Degree College at Mohammadpur upazila of the district.Former Chairman of Prime Bank Limited and

DHAKA: A workshop on ‘Green Banking’ was organized for the officials of IFIC Bank Ltd, private commercial bank of Bangladesh at the bank’s Training Institute on Saturday.Khondkar Morshed Millat, Deputy General Manager, Bangladesh Bank conducted the workshop. Officials from various

DHAKA: Bangladesh`s foreign exchange reserves declined by $17.11 billion at the end of November to $17.35 billion in October, official data showed. Reserves turn down in November due to bi-monthly import payments to the Asian Clearing Union totaling about $800 million, the central bank

DHAKA:  Investors witnessed sharp fall in benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, shed over 83 points only to stand at 4,147 at the close on the first trading day of the week.Trade deals stood at 94,379 with volume of

DHAKA: The prize giving ceremony of Bashundhara LP Gas ‘Festival Offer-2013’ was held at Bashundhara City through distribution of 40 prizes among 25 dealers of Bashundhara LP Gas on Saturday.Eminent writer Imdadul Haque Milon, also editor of the Daily Kaler Kontho’ was present in

DHAKA: Country’s leading business conglomerate Bashunadhara group has initiated their new voyage on food and beverage arena inaugurating ‘Bashundhara Food and Beverage Industries Ltd.’ on Friday.Bashunadhara Group Chairman Ahmed Akbar Sobhan inaugurated the new industrial

DHAKA: The Bangladesh Bank asked the authorities concerned to keep the schedule banks of the country open on Saturday with a view to submitting the nomination papers of the upcoming general elections.Assistant spokesperson for the central bank AFM Asaduzzaman came up with the disclosure

DHAKA: Dubai has been chosen to host the World Expo trade convention in 2020, beating off rival bids from Brazil, Turkey and Russia.Fireworks exploded from the Burj Khalifa, the world’s tallest building, following the announcement in Paris, reports the BBC.Dubai will be the first Middle

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stocks Exchange, DSEX, shed over 37 points to stand at 4,230 at the close on the last trading day of the week.Trade deals stood at 101,115 with transaction at Tk

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Thursday.The key index of Dhaka Stock Exchange Broad Index, DSEX, shed over 25 points to stand at 4,242 at 11:20am.Trade deals stood at 23,372 with volume of transactions at Tk 799

DHAKA: BRAC Bank Limited, a private commercial bank of the country, has brought smiles to more than 26,000 poor people in the Northern region by distributing warm clothes well ahead of winter. Our Northern region is hit hard by severe cold spell every winter. People of the area were

DHAKA: The exports of readymade garments from Bangladesh rose by nearly 19 percent year-on-year in the July-October 2013 period, according to the data released by the Export Promotion Bureau (EPB). From July to October 2013, Bangladesh’s exported knitwear worth US$ 4.022 billion,

DHAKA: The World Trade Organization head, Roberto Azevedo, has warned global trade deal talks face collapse.Azevedo’s comments came after WTO members failed to agree on a text to be presented to trade ministers next month to reach a deal.A potential global deal, first since the WTO was

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stocks Exchange shed over eight points to stand at 4,268 at the close on the fourth trading day of the week.Trade deals stood at 131,937with transaction at Tk

NEW YORK: US homeland security and immigration department have detained a total of nine Bangladeshi nationals out of 14 accused for their alleged involvement in counterfeiting cheques of 15 bank and financial institutions.On November 21, law enforcers arrested nine among the accused

DHAKA: World oil prices steadied as trader scepticism over Iran’s nuclear deal lingered and crude markets tracked the latest unrest in Libya, analysts said.New York’s main contract, West Texas Intermediate (WTI) for delivery in January rose 25 cents to US$94.34 a barrel.Brent North