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Microsoft's deal with Mistral AI faces EU scrutiny

2024-02-29 00:00:00

LONDON, Feb 28 (Reuters): Microsoft's deal with French tech startup Mistral AI is facing scrutiny in the European Union.On Monday, Microsoft announced it would soon make Mistral's AI models available through its Azure cloud computing platform. The company said it...

Tesla aims to ship Roadster cars next year, Musk says

2024-02-29 00:00:00

NEW YORK, Feb 28 (Reuters): Tesla will aim to ship its Roadster electric sports car next year, the electric vehicle maker's CEO Elon Musk said on Wednesday."Tonight, we radically increased the design goals for the new Tesla Roadster," Musk said...

Apple cancels decade-long electric car project

2024-02-29 00:00:00

WASHINGTON, Feb 28 (Reuters): Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project.The move draws the curtain on a plan that...

Nita Ambani likely to be chair of Reliance-Disney media business

2024-02-29 00:00:00

NEW DELHI, Feb 28 (Reuters): Nita Ambani, wife of Indian billionaire Mukesh Ambani, is likely to be appointed chair of the board when Reliance Industries and Walt Disney merge their India media assets, two sources familiar with the plans said.Reliance,...

ICMAB holds orientation program for newly admitted students

2024-02-29 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised an orientation program for the newly admitted Dhaka-based students of January- June 2024 session at its Ruhul Quddus Auditorium, Nilkhet, in Dhaka on Monday. Treasurer of the University of...

UCB organised business meeting for the managers

2024-02-29 00:00:00

United Commercial Bank (UCB) organised a business meeting for the managers overseeing the Khulna, Barisal, and Faridpur regions. The gathering was held at a hotel in Khulna on Wednesday, united key stakeholders to deliberate on the bank's performance, strategic trajectory,...

Standard Bank signed agreement with global remittance company Placid Express SDN BHD

2024-02-29 00:00:00

Standard Bank has signed an agreement with global remittance company Placid Express SDN BHD. In presence of Md. Habibur Rahman, managing director &CEO of Standard Bank; Md. Siddiqur Rahman, deputy managing director & COO, and Mohammed Rashid, director of Placid...

Prime Bank marked a significant achievement

2024-02-29 00:00:00

Prime Bank has marked a significant achievement as the first local bank in Bangladesh to successfully conduct an international factoring transaction, reinforcing its leadership in innovative financial services. This is a pioneering step in collaboration with FCI and international correspondent...

Eastern Bank partnered with J.P. Morgan

2024-02-29 00:00:00

Eastern Bank (EBL) has partnered with J.P. Morgan to facilitate inward remittance via 'Xpedite', J.P. Morgan's cross-currency solutions for banks. Kiat Lim, managing director and global head of Financial Institutions Group (FIG) Sales for Payment at JPMorgan Chase Bank N.A....

CRISL obtains “The Asset’s Triple A Award” for the fifth time

2024-02-29 00:00:00

Credit Rating Information and Services Limited ( CRISL), the oldest and largest rating agency of the country, has been adjudged the best credit rating company of Bangladesh by the renowned international financial journal and research publication 'The Asset Limited', and...

Walton Laptop launches industrial research lab at BUET

2024-02-29 00:00:00

Walton Laptop inaugurated an industrial research laboratory at the Bangladesh University of Engineering and Technology (BUET) for research and development of electronics and technology products on Sunday. Country's leading tech brand Walton Laptop also gifted its locally produced electric bike,...

Construction set to end by April 5

2024-02-29 00:00:00

In a significant development for Bangladesh's aviation sector, the construction of the third terminal at Dhaka's Hazrat Shahjalal International Airport (HSIA) is slated to be fully completed by April 5, 2024, with the terminal expected to be fully operational by...

Ahmed Zaker & Co to place statement before BSEC

FE REPORT | 2024-02-29 00:00:00

Prohibited by the Bangladesh Security and Exchange Commission (BSEC) from auditing listed companies and mutual funds due to failure in attending an enquiry hearing, Ahmed Zaker & Co Chartered Accountants has now been given an opportunity to place its statements.The...

Alif Industries plans takeover of two non-listed cos

FE REPORT | 2024-02-29 00:00:00

Alif Industries, a publicly traded garment company, is going to take over non-listed export-oriented denim plant and a dredging company to diversify its business.The board of Alif Industries authorised its Managing Director Md Azimul Islam to initiate the takeover process...

Sea Pearl's bond conversion into equity hinges on ICB's stance on its conditions

MOHAMMAD MUFAZZAL | 2024-02-29 00:00:00

Sea Pearl Beach Resort & Spa has received regulatory approval of its plan to convert bonds into shares but execution will depend on if the bondholder agrees to make some concessions on conditions it placed.The company of the travel and...

Gold hurt by dollar rebound

2024-02-29 00:00:00

SINGAPORE, Feb 28 (Reuters): Gold prices edged down for a third straight day on Wednesday, hurt by a rebounding US dollar, ahead of crucial economic data which help shape investors' view on the timing of the Federal Reserve's interest rate...

Air China mulls lifting stake in Cathay Pacific

2024-02-29 00:00:00

BEIJING, Feb 28 (The Economic Times): Air China (CA, Beijing Capital) is considering lifting its 29.99 per cent stake in Cathay Pacific (CX, Hong Kong International), according to Bloomberg. The Chinese majority-state-owned airline has previously talked about buying additional Cathay...

Russia bans gasoline exports for 6 months

2024-02-29 00:00:00

MOSCOW, Feb 28 (Reuters): Russia on Tuesday ordered a six-month ban on gasoline exports from Mar 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world's second largest...

Oil falls 1.0pc on Fed rate cut caution

2024-02-29 00:00:00

LONDON, Feb 28 (Reuters): Oil prices pulled back on Wednesday as the prospect of delays to US interest rate cuts and a jump in US crude stocks that trounced expectations offset a boost from a potential extension to OPEC+ supply...

BAB and BSI hold training on ISO/IEC 17025:2017

2024-02-29 00:00:00

The Bangladesh Accreditation Board (BAB) and the British Standards Institution (BSI) have jointly organized a three-day Understanding Training Course on ISO/IEC 17025:2017 (General requirements for the competence of testing and calibration laboratories) in the capital.The Director General (Additional Secretary) of...

Paris Olympics security plans stolen from train

2024-02-29 00:00:00

PARIS, Feb 28 (AFP): A bag containing a computer and two USB memory sticks holding police security plans for the Paris Olympic Games was stolen on Monday evening from a train at the capital's Gare du Nord station, police sources...

Women's football team reach Kathmandu safely

2024-02-29 00:00:00

Bangladesh U-16 Women's Football team reached Kathmandu Wednesday noon to compete in the four- nation SAFF U-16 Women's Football Championship' 2024 to be held in Lalitpur, near Kathmandu, from March 1-10, reports UNB.Bangladesh women's team left Dhaka Wednesday morning at...

Haaland hammers five as Man City thrash Luton

2024-02-29 00:00:00

LUTON, England, Feb 28 (Reuters): Erling Haaland roared back to his best form with a five-goal salvo as Manchester City thumped Luton Town 6-2 at Kenilworth Road to reach the quarter-finals of the FA Cup on Tuesday.Luton had no answer...

Injured NZ batsman Conway out of first Australia Test

2024-02-29 00:00:00

WELLINGTON, Feb 28 (AFP): New Zealand opening batsman Devon Conway has been ruled out of the first Test against Australia, captain Tim Southee said on Wednesday.Conway will miss Thursday's opener in Wellington after hurting his left thumb in a Twenty20...

Comilla hopeful of Mustafiz's availability for BPL final

2024-02-29 00:00:00

Comilla Victorians skipper Litton Kumar Das is hopeful to get the services of senior pacer Mustafizur Rahman for the final of the ongoing Bangladesh Premier League T20 tournament, scheduled on March 01, reports Cricbuzz.Mustafizur suffered a head injury in Chattogram...

News in Brief-(2024-02-29)

2024-02-29 00:00:00

US Army slashing thousands of posts in majorrevamp to prepare for future warsWASHINGTON, Feb 28: The U.S. Army is slashing the size of its force by about 24,000, or almost 5%, and restructuring to be better able to fight the...

31 killed in Mali bus accident

2024-02-29 00:00:00

KENIEBA, Feb 28 (Reuters): At least 31 people were killed in Mali on Tuesday when a bus plunged off a bridge over a river near the western town of Kenieba, the transport ministry said.The bus had been en route to...

Asylum applications in EU at highest level

2024-02-29 00:00:00

BERLIN, Feb 28 (Reuters): Asylum applications in the European Union jumped 18per cent to 1.14 million in 2023, the highest level since the 2015-2016 migrant crisis, data from the European Union Agency for Asylum (EUAA) showed on Wednesday.The new data...

Navalny's funeral to be held on Friday in Moscow

2024-02-29 00:00:00

MOSCOW, Feb 28 (Reuters): Russian opposition leader Alexei Navalny's funeral service and burial will take place in Moscow on Friday, his spokesperson said, after a search for a hall to allow his supporters to bid farewell to him failed.Kira Yarmysh,...

Many in Iran frustrated by unrest, poor economy

2024-02-29 00:00:00

DUBAI, Feb 28 (AP): Iran is holding parliamentary elections this Friday, yet the real question may not be who gets elected but how many people actually turn out to vote.Widespread discontent over the cratering economy, years of mass protests rocking...