Nvidia, opens new tab, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo, opens new tab AI platform, reports Reuters.Brian Keene, Abdi Nazemian and Stewart...
FRANKFURT, Mar 11 (Reuters): Tesla's German gigafactory near Berlin could be supplied with electricity again from Monday, the power firm in charge of fixing the outage, which began on March 5, said.E.dis, a division of German energy network firm E.ON,...
NEW YORK, Mar 11 (Reuters): HSBC is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to startup companies, mainly in the technology and healthcare sectors, according to a senior executive.The London-headquartered bank hired about...
Investment Corporation of Bangladesh (ICB) has congratulated newly appointed State Minister for Finance Waseqa Ayesha Khan. Prof Dr. Suborna Barua, Chairman of Board of Directors of ICB, and Md. Abul Hossain, Managing Director of ICB, greeted her with a bouquet...
ICB Capital Management Limited (ICML) celebrated the International Women's Day with a view-exchange meeting with women entrepreneurs and investors at the head office of ICML on Sunday. Chief Executive Officer of ICML Mazeda Khatun was present at the event. ICML...
Agrani Bank PLC celebrated the International Women's Day 2024 with a cake-cutting ceremony at its head office in Dhaka recently. Managing Director and CEO of the bank Md Murshedul Kabir was present as the chief guest. Deputy Managing Director Wahida...
Trust Bank celebrated the International Women's Day 2024 with a cake-cutting ceremony recently. Managing Director & CEO Humaira Azam, DMD & COO Hasna Hena Chowdhury, Head of SME Fatema Kabir and other female leaders of Trust Bank attended the ceremony....
On the occasion of the International Women's Day 2024, Shimanto Bank has recently organised a programe attended by female officers of the bank. Rafiqul Islam, Managing Director & CEO of the bank, was present as the chief guest.
The 'MAGGI presents DPS STS Chef Minister 2024', a culinary competition, ended with a gala event in Dhaka recently. Ishrat Jabin received the winner's trophy along with a professional certificate and the grand prize money of Tk 100,000. The unique...
Union Bank Training Institute organised the closing ceremony of a 15-day Foundation Training Course on Sunday. Managing Director & CEO of the bank A BM Mokammel Hoque Chowdhury was present as the chief guest and Deputy Managing Director Shafiuddin Ahmed...
Bangladesh Small and Cottage Industries Corporation (BSCIC) Chairman Sanjay Kumar Bhowmik inaugurated a six-month training on Jamdani weaving as the chief guest at its Jamdani Shilpa Nagari in Tarab, Narayanganj, on Monday. Quamrun Naher Siddiqua, Additional Secretary, Ministry of Industries,...
The 24th Annual General Meeting of Infrastructure Investment Facilitation Company (IIFC) was held at the IIFC Conference Room, JDPC Bhaban, in Dhaka, with Md Shahriar Kader Siddiky, Chairman, IIFC , and Secretary, Economic Relations Division, Ministry of Finance, in the...
MANILA, March 11 (Reuters): American companies are set to announce investments amounting to more than $1 billion in the Philippines, US Commerce Secretary Gina Raimondo said during an official visit to Manila on Monday.Raimondo is heading a two-day trade and...
Mercantile Bank on Monday donated fertiliser to marginal farmers at Chhagalnaiya in Feni from the bank's special CSR fund. Mosharref Hossain, director of the bank, was the chief guest at the ceremony. Farid Uddin Ahmed Bhuiyan, SVP and head of...
Dhaka Bank held its annual managers conference for 2024 at a city hotel on Saturday. Abdul Hai Sarker, chairman of the Board of Directors of Dhaka Bank, inaugurated the meeting as the chief guest. Emranul Huq, managing director and CEO...
Southeast Bank secured third place among 40 banks for collecting Dhaka Wasa's bills in the financial year 2022-2023. The award ceremony was held on Sunday at a city hotel. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, received the...
The a2i, in partnership with GiveDirectly, a nonprofit organisation that delivers unconditional cash transfers to impoverished communities, hosted an international learning event in the capital recently, says a statement. The a2i and GiveDirectly have been working closely together with funding...
FE REPORT | 2024-03-12 00:00:00
Eastern Bank has reported a 19.53 per cent year-on-year growth in consolidated profit to Tk 6.12 billion for 2023. With the latest data, it shows a steady profit growth for the last five years.At a board meeting on Sunday, the...
FARHAN FARDAUS | 2024-03-12 00:00:00
Beximco has decided to raise Tk 15 billion by issuing zero-coupon bonds at a higher-than-market rate to invest in the sluggish housing business. In a stock exchange filing on Tuesday, Beximco said the bonds would have an annual yield of...
LONDON, Mar 11 (Reuters): Bitcoin hit a record high on Monday above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down.Britain's financial watchdog on Monday became the latest regulator to pave the way for digital...
FRANKFURT, Mar 11 (AFP): Germany, Europe's largest economy, voiced its backing Monday for a second term for International Monetary Fund chief Kristalina Georgieva, with finance minister Christian Lindner calling her "exactly the right person".Georgieva has navigated the IMF "through difficult...
BEIJING, Mar 11 (AFP): China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to revive a sluggish economy battered by an ailing housing market, poor domestic demand and record-high youth unemployment.Top officials...
TOKYO, Mar 11 (Reuters): Japan's economy avoided a technical recession, revised government data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery.Japan's revised gross domestic...
ISTANBUL, Mar 11 (Arab News): The Turkish government will continue to tighten fiscal policy to help the central bank reduce inflation, Finance Minister Mehmet Simsek said on Monday, also highlighting the agency Fitch's upgrade of the country/s sovereign rating. In...
RIYADH, Mar 11 (Arab News): Qatar's international reserves increased by 4.91 per cent annually to 246.49 billion Qatari riyals ($67.69 billion) in February, driven by higher balances in foreign banks.According to the country's official news agency, balances held in foreign...
Fashion brand Gap beat Wall Street expectations for fourth-quarter results on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during the holiday season and lower markdowns, reports Reuters.CEO Richard Dickson's plans to...
Minister for Social Welfare Dr Dipu Moni seen (middle) at an AmCham seminar held at a hotel in Dhaka on Sunday. From left are Al-Mamun M Rashel, Treasurer-AmCham, Mirza Shajib Raihan, EC member-AmCham, Rubaba Dowla, EC member-AmCham, Syed Ershad Ahmed,...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) has collaborated with Maersk Bangladesh Limited, one of the leading companies in the shipping industry, to digitalise their freight collection via the state-of-the-art Omni Collect solution of HSBC. Amor Bin Nasir, Head...
FE REPORT | 2024-03-12 00:00:00
Drawing increased foreign direct investment (FDI) is essential for Bangladesh to cope with the existing and imminent challenges that might emerge from the country's LDC graduation, speakers at a programme on Monday said.They suggested further improving the investment climate through...
FRANKFURT, Mar 11 (Reuters): European Central Bank policymakers on Friday lined up in support of an interest rate cut in the coming months as inflation in the euro zone falls faster than they had anticipated.Central bank governors from Germany, France,...
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