News Briefs-(5-9-2018)

FE Team | Published: September 04, 2018 22:18:53

Three CCCI leaders get CIP status
CHATTOGRAM, Sep 4: Chittagong Chamber of Commerce and Industry President Mahbubul Alam and two directors of the trade body were nominated CIPs (Commercially Important Persons) for the year 2015. The CCCI directors are Anjan Shekhar Das, Managing Director of RSI Apparels Ltd, Bengal Towel Industries Ltd and RSB Industries Ltd, and Mujibur Rahman, Managing Director of Smart Jeans Ltd. Mahbubul Alam is the owner of the M Alam Group and vice chairman of Asia Insurance Ltd. He is vice president of the Confederation of Eastern Chambers of Commerce and Industries, India, Trustee Board Chairman of Business Initiative Leading Development (BUILD) and Designated Consul General of Mali.
— Our Correspondent
Indian rupee keeps falling
MUMBAI, Sept 04 : The Indian rupee continued its decline in afternoon trade on Tuesday, hitting a fresh low, as it fell in line with other emerging market currencies as broad dollar strength and simmering trade tensions put pressure on risk assets. The partially convertible rupee was trading at 71.52/53 per dollar at 0958 GMT versus its previous close of 71.22/23. The unit touched a life low of 71.54 a little earlier. Almost all Asian currencies were weaker.
— Reuters
Amazon eyes Chilean skies as it seeks to
datamine the stars
SANTIAGO, Sept 04 : Amazon.com is in talks with Chile to house and mine massive amounts of data generated by the country's giant telescopes, which could prove fertile ground for the company to develop new artificial intelligence tools. The talks, which have been little reported on so far and which were described to Reuters by Chilean officials and an astronomer, are aimed at fuelling growth in Amazon.com Inc's cloud computing business in Latin America and boosting its data processing capabilities. President Sebastian Pinera's center-right government, which is seeking to wean Chile's $325 billion economy from reliance on copper mining, announced last week it plans to pool data from all its telescopes onto a virtual observatory stored in the cloud, without giving a timeframe. The government talked of the potential for astrodata innovation, but did not give details.
— Reuters