US job creation surged in January while the unemployment rate drifted marginally higher as more people joined the job hunt, the Labor Department reported Friday. With hiring up in retail, construction and the financial sector, the economy added 227,000 net…
Masudul Hoque & Abdur Rahman Jahangir, UNB Staff Writers Dhaka, Feb 4 – Bangladesh Bridge Authority (BBA) has worked out a plan to construct a 220-km elevated expressway with a multimodal transport corridor over the existing Dhaka-Chittagong highway to boost…
The dollar edged down in Asian trade Thursday after an uninspiring statement from the Federal Reserve’s latest policy meeting while uncertainty over Donald Trump’s presidency acted as a drag on markets. After the central bank’s first meeting of the year…
Dhaka – The World Bank on Wednesday approved $300 million financing to empower the local governments at grassroots level with discretionary funds that would enable communities decide and implement local development priorities.
Government has marginally revised upwards GDP growth for 2015-16 to 7.9 per cent from the earlier estimate of 7.6 per cent after factoring in latest data on agriculture and industrial production. “Real GDP or GDP at constant (2011-12) prices for…
Countries across the Europe, including Britain, have formally pledged to try and cut their food waste by 50% by 2030 campaigners call for target to be binding Pressure from Friends of the Earth and people across the continent, including 60,000…
By Thomas Piketty Let it be said at once: Trump’s victory is primarily due to the explosion in economic and geographic inequality in the United States over several decades and the inability of successive governments to deal with this. Both…
The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as traders were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading on US economic growth added to…
Stock faced major corrections on Sunday to open the week amid a cautious move when the central bank was unveiling its new monetary policy statement (MPS) for the second half of the current 2016-17 financial year. All the indices at…
Dhaka – Bangladesh Bank will unveil its 2nd half yearly (January-July) monetary policy statement (MPS) of the current fiscal year on Sunday. There will be a plan in the new policy to continue support towards achieving GDP growth target set…
Bangladesh Bank (BB) Governor Fazle Kabir will unveil the Monetary Policy Statement (MPS) for the second half (H2) of the financial year 2016-17 (FY17) tomorrow at 11 am at the central bank headquarters in the city. The governor would also…
Rome, 27 January – The establishment of a new network to help bridge the estimated US$150 billion financing gap that prevents small rural producers and businesses in developing countries from growing their operations and strengthening rural economies, was announced today.
Dhaka – India is likely to provide credit assistance to Bangladesh under its fresh 3rd Line of Credit (LoC) as the government has so far identified eight projects following the Indian government’s request.
Rome, 26 January – The world needs to take urgent action to mobilise the estimated US$265 billion a year needed to achieve the first two Sustainable Development Goals to end poverty and hunger by 2030, said Kanayo F. Nwanze, President…
Britain’s car industry reached its highest production level of the 21st century last year, but with Brexit talks imminent manufacturers are facing uncertain times ahead of the country’s EU exit. More than 1.7 million cars were produced in Britain last…
Wall Street investors were back in rally mode Tuesday, pushing the S&P 500 and Nasdaq to new records and lifting the dollar against the euro on renewed optimism about US President Donald Trump’s policies. The buoyant spirt, which also lifted…
Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to “work required…
Geneva, 20 Jan (Kanaga Raja) — The global unemployment rate is expected to rise modestly to 5.8 per cent in 2017, representing an increase in the number of unemployed globally of 3.4 million compared with 2016, the International Labour Organisation…
France’s far-right presidential candidate Marine Le Pen called on voters across Europe to “wake up” and follow the example of US and British voters.Speaking at an unprecedented meeting in Germany of Europe’s rightwing populist parties, she said Brexit would unleash…
Dhaka – The government has finally abandoned its plan to provide subsidy to LPG sector fearing that it may create new complexities and become a source of corruption, sources at the Energy Division said. UNB news agency reported
US stocks rose and the dollar fell Friday as Donald Trump was officially sworn in as the president of the United States and Barack Obama’s term ended. Trump’s inauguration dominated a day that saw most major equity markets rise as…
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel’s new monthly report showed Wednesday. Total output by the Organization of the Petroleum Exporting Countries fell…
Dhaka – Cabinet Economic Affairs Committee on Wednesday gave its approval to two proposals ‘in principle’, – an LNG terminal to be set up by local Summit Group, and import of LNG from RasGas of Qatar on government-to-government agreement basis.…
The dollar tumbled Tuesday after President-elect Donald Trump said the American currency was too strong, while the pound rallied after British Prime Minister Theresa May released her Brexit blueprint. The fluctuations in foreign exchange came as most larger equity markets…
Hawkers Samannoy Parishad, a platform for street vendors, on Tuesday demanded the city authorities rehabilitate them stopping the current eviction against them.The Parishad activists came up with the demand at a rally held in front of the Jatiya Press Club.Several…
Prime Minister Sheikh Hasina along with other global leaders gathered here on Tuesday as the 47th Annual Meeting of the World Economic Forum (WEF) began in Davos, Switzerland. The four-day meeting began at Congress Centre in Davos, a mountain resort…
Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest. The environmental group said the British bank had…
Over 35 CEOs and civil society leaders of the Business and Sustainable Development Commission on Monday revealed that sustainable business models could open up economic opportunities worth at least $12 trillion and up to 380 million jobs a year by…
The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis…
Sterling dropped Monday on reports Britain may be headed for a clean break with the EU, a so-called “hard Brexit”, just ahead of a key speech by Prime Minister Theresa May. The pound tumbled to $1.1986 shortly after 3:00am (1800…