Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - 710001508

Pages: 1 [2] 3 4 ... 7
Huawei opened its mobile application gallery for the Bangladeshi customers yesterday.

The Chinese telecom giant is now working to build a mobile application ecosystem with the help of the secured and reliable App Gallery, officials of Huawei said at the launch of the Gallery at the Westin Dhaka.

As part of the effort, over 55,000 apps have been added to the App Gallery where a good number of Bangladeshi apps have also been uploaded, they said.

More than 1.3 million developers and 3,000 engineers are working relentlessly with Huawei for the affluence of the entire ecosystem, Huawei said.

Among the world's top three app marketplaces, Huawei currently has 400 million monthly active users in 170 countries.

Besides, Huawei App Gallery is now pre-installed in more than 3 million Huawei and Honor brand handsets in Bangladesh. There are more than 400,000 active users of App Gallery in the country.

Bangladesh is one of Huawei's high priority market in this region and that is why it is planning to give some incentive for local app developers, the officials also said.

At the event, Huawei also unveiled its flagship smartphone Mate 30 Pro for the Bangladeshi market. The phone will run by Huawei's own operating system.

Beyond Zheng, director of Huawei consumer business group of Bangladesh, and Junior Salahuddin Sanjee, sales director, described their products and app gallery in the event.

Source :

Astronomers have spotted a cosmic blast that dwarfs all others.

A gargantuan explosion tore through the heart of a distant galaxy cluster, releasing about five times more energy than the previous record holder, a new study reports.

"In some ways, this blast is similar to how the eruption of Mt. St. Helens in 1980 ripped off the top of the mountain," study lead author Simona Giacintucci, of the Naval Research Laboratory in Washington, D.C., said in a statement. "A key difference is that you could fit 15 Milky Way galaxies in a row into the crater this eruption punched into the cluster’s hot gas."

The explosion occurred in the Ophiuchus cluster, which lies about 390 million light-years from Earth. Giacintucci and her colleagues think the source was a supermassive black hole in one of the cluster’s constituent galaxies—specifically, jets of radiation and material spewing from the light-gobbling monster, which are powered by inflowing gas and dust.

The possibility of an incredibly powerful Ophiuchus explosion was first raised in 2016 in a study led by Norbert Werner, which examined images captured by NASA’s Chandra X-ray Observatory. Werner and his colleagues reported a strangely curved edge in the cluster, which could be part of the wall of a cavity formed by a blast. And what a blast it would be: The scientists calculated that it would take about 5 times 10^54 joules of energy to create such a cavity. (For perspective, humanity’s total global energy consumption each year is about 6 times 10^20 joules.)

But the 2016 study didn’t establish that an explosion actually was responsible for that curved edge. Giacintucci and her colleagues just made that determination, after analyzing additional X-ray data from Chandra and Europe’s XMM-Newton space telescope, as well as radio information gathered by the Murchison Widefield Array in Australia and the Giant Metrewave Radio Telescope in India.

The combined data show that the curved edge is indeed part of a cavity wall, because it borders an area rich in radio emission. That emission likely resulted when the black hole’s outburst accelerated electrons to nearly the speed of light, the researchers said.

"The radio data fit inside the X-rays like a hand in a glove," study co-author Maxim Markevitch, of NASA’s Goddard Space Flight Center in Greenbelt, Maryland, said in the same statement. "This is the clincher that tells us an eruption of unprecedented size occurred here."

The energy released by the Ophiuchus blast is hundreds of thousands of times greater than explosions typically seen in galaxy clusters, the researchers said. And it’s about five times higher than the previous record holder, an eruption in the cluster MS 0735.6+7421.

The Ophiuchus fireworks appear to be over, by the way; the radio data show no evidence for ongoing jet activity, the scientists said.

The Chandra data reveal just one region of radio emission. That’s a bit odd, because black-hole jets usually go off in two different directions. It’s possible that the jet-feeding gas on the other side—the one opposite the detected cavity—was less abundant and the radio emission there dissipated more quickly as a result, the researchers said.

Source :

Business & Entrepreneurship / The Online Wisdom Lab (OWL)
« on: March 02, 2020, 02:18:05 AM »
The Online Wisdom Lab (OWL) is a new suite of apps that will help researchers from the University of Birmingham to learn about changes in thinking skills, decision making and health behavior during adulthood. The project is funded by the Economic and Social Research Council (ESRC).

By completing surveys and games within the app, members of the public will be able to learn more about their own thinking and behavior, and help researchers to understand how these skills change throughout the lifespan.

Source :

The Bangladesh-German Consultations 2020 will be held tomorrow (Monday) at the NEC-2 Conference Room in the city’s in a bid to further boost bilateral relations as well as to boost cooperation in a wide range of areas including in renewable energy and climate change.

The Economic Relations Division (ERD) Secretary Fatima Yasmin, German Ambassador in Dhaka Peter Fahrenholtz and Head of South Asia Division of the German Federal Ministry for Economic Cooperation and Development (BMZ) of Germany Dr Ute Heinbuch will spoke at the inaugural session of the consultations.

Besides, Head of Bangladesh Delegation and Wing Chief (Europe) of the ERD Dr Gauranga Chandra Mohanta will give the welcome address on the occasion.

An ERD official informed that the Bangladesh-German Consultations are expected to discuss issues like renewable energy and energy efficiency, justice reform and human rights, adaptation to climate change in urban areas, biodiversity, social and environmental standards in the textile sector, Rohingya crisis in Cox’s Bazar district ‘Supporting Host and Rohingya Communities’.

After the day-long consultations, both sides are expected to sign a joint statement.

Concerned Bangladesh government officials from the Ministry of Power, Energy and Mineral Resources, Home Affairs, Law, Justice and Parliamentary Affairs, Anti-Corruption Commission, Ministry of Commerce, BEZA, Ministry of Labour and Employment, Ministry of Education, Ministry of Finance, Ministry of LGRD, Bangladesh Bank, Ministry of Social Welfare, Planning Commission, Ministry of Environment, Forest and Climate Change, Ministry of Industries, Ministry of Foreign Affairs and Ministry of Disaster Management and Relief will attend the consultations, reports BSS.

 source :

Business & Entrepreneurship / Mexican exports grow 3.2pc in January
« on: March 02, 2020, 02:13:19 AM »
Mexico's exports grew 3.2 per cent year on year in January, thanks in large part to the manufacturing and petroleum industries, the National Institute of Statistics and Geography (INEGI) has announced.

The INEGI said in its report that the value of Mexican exports reached over 33.6 billion US dollars in the first month of the year, with almost 31.3 billion corresponding to non-petroleum exports and over 2.3 billion to petroleum exports.

However, Mexico still saw a trade deficit of around 2.4 billion dollars in January, while in January 2019, it saw a deficit of over 4.6 billion dollars, reports Xinhua.

In a separate report, the country's second largest financial group Banorte explained that there is currently caution at the international level due to the possibility of disruptions of global supply chains.

The Banorte report said the magnitude of deficit is at its lowest in eight years, which continues to signal the possibility of a relevant structural change.

"This has been boosted specifically by a greater external demand helping exports, while imports have remained contained, reinforcing a sign of weakness in terms of investment appetite," it added.

Mexico's trade is primarily oriented towards the United States. Non-petroleum exports from Mexico to the United States grew 1.9 per cent year-on-year in January, while the exports to the rest of the world grew 5.0 per cent in the first month of the year.

source :

German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world, according to Reuters.

“Risks for the Daimler Group may not only affect the development of unit sales, but may also lead to significant adverse effects on production, the procurement market and the supply chain,” the Stuttgart-based company said in its annual report.

It also noted that the epidemic posed a risk for economic growth in China, other Asian countries and worldwide.

Daimler CEO Ola Kaellenius announced last week that its key Mercedes-Benz brand had re-started production of luxury passenger cars in Beijing, adding it was still too early to gauge the impact of the coronavirus on Daimler’s business.

Daimler also said stricter anti-pollution tests have made it harder to comply with new rules and increased provisions for regulatory proceedings, liability and litigation risks to 4.9 billion euros, up from 2.1 billion euros in 2018.

The increase relates to ongoing governmental and legal proceedings and measures taken with regard to Mercedes-Benz diesel vehicles in several regions and markets, as well as an updated risk assessment for an extended recall of Takata airbags, the carmaker said.

Due to the replacement of the NEDC (New European Driving Cycle) with the new measuring method WLTP (Worldwide Harmonized Light Vehicles Test Procedure), the average emissions of carbon dioxide have risen, the car and truck maker said.

“In the light of today’s knowledge, this makes it more difficult to achieve the CO2 targets as of 2020,” Daimler said.

The current public focus on vehicle emissions as well as possible certifications stops and recalls could result in damage to Daimler’s reputation, the company said.

Source :

Business & Entrepreneurship / BB sets 9.0pc interest rate on all loans
« on: February 29, 2020, 11:50:59 PM »
The central bank has instructed banks to fix a maximum 9.0 per cent interest rate on all loans except credit cards as part of the government initiative to bring down the lending rate to a single digit.

The new instruction will come into effect from April 01, 2020, according to a notification, issued by the Bangladesh Bank (BB) on Sunday night.

Borrowers will have to pay an additional 2.0 per cent as panel interest along with the new rate if they become defaulters despite getting the facility, it added.

The BB, however, kept unchanged the interest rate at 7.0 per cent for exporters.

From the current year, banks will not be allowed to disburse loans to the industrial sectors less than their average outstanding credit in the last three years.

The circular said the present high bank interest rates are impeding the growth of the country’s small, medium and large business, and services sector.

Such high lending rates are not only pushing their cost of production, but also affecting the country’s competitive advantage in the global market, it added.

As a result, the businesses, sometimes, are unable to repay their bank loan on time, which affects the discipline of the bank loans and hampers the country’s overall economic development, the BB added.

On December 30 last year, finance minister AHM Mustafa Kamal told reporters that the single digit interest rate on all loans, excepting credit cards, will take effect from April 01.

Earlier on the day, he sat with chairmen and managing directors of private commercial banks to discuss the matter.

Besides, the seven-member committee, led by the BB Deputy Governor S M Moniruzzaman, was formed on December 01 to find ways to cut down ending rates to single-digit from the existing level to facilitate achieving higher economic growth.

Source :

Japanese Prime Minister Shinzo Abe has pledged to take policy steps as needed to prevent the coronavirus outbreak from dealing a severe blow to the country’s fragile economic recovery.

Abe on Friday said the government still had sufficient reserves to tap for emergency spending related to the coronavirus epidemic, signalling that he saw no immediate need to compile a fresh spending package.

“But I’m aware of views that if the virus spreads, it could have a huge impact on the economy,” Abe told parliament. “We’re therefore watching developments carefully.”

“If developments change, we’ll ensure to take steps as needed to prevent the virus from becoming a huge downside risk to Japan’s economy,” he said.

Japan’s economy shrank at its fastest pace in nearly six years in the December quarter, as soft global demand and last year’s sales tax hike hurt consumption and business spending, reports Xinhua.

Some analysts expect the economy to shrink again in the current quarter and slip into recession - defined as two straight quarters of contraction - as the virus disrupts supply chains, triggers cancellation of events and keep shoppers home.

“It’s true Japan’s economy is in a pretty tough condition,” due to cancellations of various events,” economy minister Yasutoshi Nishimura told parliament on Friday. “But the priority now is to prevent the virus from spreading.”

Asian stocks tracked another overnight plunge in Wall Street’s benchmarks on Friday with markets in China, Japan and South Korea all posting heavy losses on fears the coronavirus would become a pandemic and derail economic growth.

A senior Japanese finance official said on Friday that market movements were reflecting the “shock” of the new coronavirus spreading, but refrained from commenting on specific market moves.

Abe’s administration has focused on stock price moves as a barometer of success of its “Abenomics” stimulus policies aimed at reflating the economy.

Market moves are also seen by investors as a key trigger for additional monetary easing by the Bank of Japan.

Japan’s government compiled a fiscal spending package late last year to counter the hit to exports from soft global demand. But some ruling party lawmakers are beginning to call for fresh spending given the damage from the epidemic.

Having used up most of its ammunition, however, the central bank appears reluctant to deploy additional stimulus - at least for now.

“I don’t think the BOJ needs to take additional monetary easing steps now in response to the coronavirus outbreak,” said Goushi Kataoka, one of the most dovish members of the central bank’s board.

“We need to first look at how serious the impact from the outbreak would be,” he told reporters on Thursday.

Source :

Business & Entrepreneurship / Regional SME fair in Rajshahi begins Monday
« on: February 29, 2020, 10:57:13 PM »
An eight-day long ‘Regional SME Products Fair 2020’ is going to start here from tomorrow (Monday) aimed at promoting local SME sector, enhance production of quality SME products, exhibition and introduction of SME goods for expanding business, trade and commerce, reports BSS.

In the fair, a spectrum of locally produced SME goods including leather products, jute-made products, handicrafts, processed agricultural products, electrical and electronic goods, clothes, design and fashion wares and other products are scheduled to be exhibited in around 70 stalls.

SME Foundation in the Ministry of Industries will organise the fair at Rajshahi Collectorate playground in association with district administration, BSCIC, Chamber of Commerce and Industry and NASIB.
The organisers revealed this at a press conference held at mini conference hall in Deputy Commissioner’s office in Rajshahi on Sunday.

Deputy Commissioner Hamidul Haque addressed the press conference as focal person illustrating salient feature of the fair. Additional Deputy Commissioner (General) Md Shariful Haque and Assistant Manager of SME Foundation Kymyea Ferdousi were present on the occasion.

Hamidul Haque said the country has already achieved uplift in every sector with the participation of both men and women on its way to become a middle income nation soon and SME is the key driver of the economy.

Mayor of Rajshahi City Corporation AHM Khairuzzaman Liton is expected to attend the opening ceremony as chief guest and he will also lead a pre-fair rally on the occasion

Source :

Stock markets fall in Asia on Friday, after losses in the US and Europe on Thursday.

First case reported in sub-Saharan Africa - in Lagos state, Nigeria, reports BBC.

New Zealand confirmed its first case - someone recently returned from Iran.
Belarus, the Netherlands, and Lithuania also confirmed first cases.

South Korea confirmed 256 new cases, bringing the total above 2,000.

Local sect leader in South Korea to be charged for failing to submit names of members to authorities.

China confirmed another 327 cases - the lowest daily increase for a month - and 44 deaths, mainly in Hubei

K-pop megastars BTS cancel four concerts in Seoul in April

The WHO is granted sanctions exemptions to send medical equipment into North Korea.
Two Disney theme parks in Japan close for two weeks.

Source :

Business & Entrepreneurship / GP gets 3-month time to pay BTRC Tk 1,000cr
« on: February 29, 2020, 10:55:15 PM »
DHAKA: The Supreme Court directed private mobile phone operator Grameenphone (GP) to pay the rest of Tk 1,000 crore of the dues claimed by BTRC within the next three months.

The six-member Appellate bench, led by Chief Justice Syed Mahmud Hossain, passed the order on Monday (Feb 24).

Attorney General Mahbubey Alam and Deputy Attorney General Murad Raza appeared for the state while Barrister Khandaker Reza-e-Raqib represented BTRC and Barrister Mehedi Hasan Chowdhury stood for GP.

On Sunday (Feb 23) GP paid Tk 1,000 crore to the telecom regulator as per Supreme Court order.

Officials of Grameenphone, in presence of Head of Regulatory Affairs Hossain Sadat, handed over the pay cheque to the chairman of the BTRC.

On November 24, the Appellate Division asked GP to pay Tk 2,000 crore of the Tk 12,579.95 crore dues claimed by BTRC within three months.

The telecom regulator claimed the dues in 27 sectors from the mobile operator but failed to recover the money. Later, BTRC sent a notice to GP threatening to revoke its licence on April 2 last year.

But the operator moved the court seeking a temporary injunction on the notice which was turned down on August 28 that year. The mobile operator later filed an appeal with the High Court.

The High Court on October 17 imposed a two-month injunction on realisation of dues from GP. The telecom regulator later moved the Appellate Division against the order.

Source :

Business & Entrepreneurship / HSBC cuts 35,000 jobs as profits slump.
« on: February 28, 2020, 08:47:42 PM »
Asia-focused banking giant HSBC on Tuesday axed 35,000 jobs, far more than expected, and posted slumping annual profits, as it warned over the financial impact of the deadly coronavirus.

Pre-tax profits tumbled by a third to $13.3 billion (12.3 billion euros) in 2019 from a year earlier, largely owing to a $7.3-billion write-off related to its investment and commercial banking businesses in Europe.

The London-based lender added in a results statement that it hopes to cut its global workforce by 15 percent to 200,000 staff over the next three years. Commentators had expected 10,000 job cuts.

The radical overhaul comes as HSBC streamlines operations in the United States and Europe, although no details were given on where the axe would fall.

HSBC has been trying to lower costs as it faces a multitude of uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the fatal new coronavirus in China.

 'Revised' growth plan
"The group's 2019 performance was resilient. However, parts of our business are not delivering acceptable returns," said interim chief executive Noel Quinn.

"We are therefore outlining a revised plan to increase returns for investors, create the capacity for future investment and build a platform for sustainable growth.

"We have already begun to implement this plan, which my management team and I are committed to executing at pace," Quinn added.

While its Asia business has done well in recent years -- fuelled primarily by China -- Europe and the US have disappointed.

Quinn, who took over as acting CEO after the shock ousting in August of John Flint, has been tasked with transforming the sprawling international bank, which spans more than 50 countries but makes the vast majority of its profit in Asia.

Turning to coronavirus, HSBC warned the deadly outbreak in China had impacted its outlook.

"We continue to monitor the recent coronavirus outbreak, which is causing economic disruption in Hong Kong and mainland China and may impact performance in 2020," the bank cautioned.

The restructuring plans are the biggest shake-up since 2012, when HSBC was caught up in a Mexican money laundering scandal.

The bank said it was targeting $4.5 billion in cost cuts by 2022, with restructuring costs of around $6 billion.

Many of the cutbacks will be in the European and US investment banking sectors, while units in more profitable Asia and the Middle East would be bolstered.

In the US, the bank said it planned to reduce its branch network by around 30 percent, consolidate back and middle office activities and lower operating expenses by 10-15 percent.

For its non-UK Europe sector, the bank said it would "reduce our sales and trading and equity research in Europe and transition our structured products capabilities from the UK to Asia."

Riskier assets would be reduced by 35 per cent in Europe and 45 per cent in the US. Overall, the bank said it hoped to achieve a lower adjusted cost base of $31 billion or below in 2022.

 Bright spot
The disappointing results sent HSBC's shares sliding five percent in London and by 2.2 percent in Hong Kong, as it reported also a loss before tax of $3.9 billion in the fourth quarter.

The bright spot for HSBC remains Asia, which has accounted for half of its revenue and 90 percent of the group's profit in recent years.

Adjusted profit before tax in Asia last year was up six percent to $18.6 billion.

Even in Hong Kong, which was battered by months of seething pro-democracy protests last year, the banking giant posted a five percent increase in adjusted pre-tax profit to $12.1 billion.

Tuesday's statement gave little clarity on whether Quinn would get the CEO job full time, saying a permanent chief would be appointed within six to 12 months.

Source :

Business & Entrepreneurship / Mass grave found in Libya.
« on: February 28, 2020, 08:29:00 PM »
TRIPOLI, Feb 26: Security service of Libya's east-based government on Wednesday found a mass grave containing five bodies in the city of Sirte, which used to be dominated by Islamic State (IS) terrorists, reports Xinhua. "The General Department of Criminal Investigation of Benghazi, eastern Libya, has found a mass grave in Sirte. It contained the remains of five martyrs," Benghazi's General Administration of Criminal Investigation said in a statement. "Three of the bodies were in military uniform and showed signs of being shot. The other two bodies were decapitated, meaning that they were slaughtered by IS. DNA samples were taken to identify the bodies," according to the statement. Sirte, 450 km east of the capital Tripoli, was once dominated by IS militants. Forces allied with the UN-backed government, which mostly come from the nearby city of Misrata, took over the city and expelled the terrorists in December 2016. Earlier in January, the east-based army of Libya announced taking over Sirte and expelling the forces of the rival UN-recognized Government of National Accord (GNA) led by Fayez al-Sarraj. The east-based army under General Khalifa Haftar has been leading a military campaign since April 2019 in and around Tripoli, attempting to take over the city and topple the GNA. Thousands have been killed and injured in the fighting while hundreds of thousands of civilians left their homes to escape the violence.

Source :

Business & Entrepreneurship / Shanghai to help Tesla resume production.
« on: February 28, 2020, 08:27:01 PM »
SHANGHAI, Feb 27: US electric carmaker Tesla’s (TSLA.O) factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday, reports Reuters. Many factories across China shut in late January for the Lunar New Year holiday that was originally due to end on Jan. 30 but which was extended in a bid to contain the spread of the new flu-like virus that has killed more than 700 people. Tesla warned on Jan. 30 that it would see a 1-1.5 week delay in the ramp-up of Shanghai-built Model 3 cars as a result of the epidemic, which has severely disrupted communications and supply chains across China. Tesla Vice President Tao Lin said this week that production would restart on Feb. 10 and that car deliveries from the plant would be temporarily delayed. “In view of the practical difficulties key manufacturing firms including Tesla have faced in resuming production, we will coordinate to make all efforts to help companies resume production as soon as possible,” Shanghai municipal government spokesman Xu Wei said. The $2 billion Shanghai factory is Tesla’s first outside the United States and was built with support from local authorities. It started production in October and began deliveries last month. The Shanghai government also said on Saturday it would ask banks to extend loans with preferential rates to small companies and exempt firms in hard-hit sectors like hospitality from value-added tax, among other measures to prop up businesses during the epidemic. Such assistance would also apply to foreign companies.

source :

Business & Entrepreneurship / Time Management Strategies For Entrepreneurs.
« on: February 28, 2020, 08:22:55 PM »
Orobi Bakhtiar

As an entrepreneur, you are your own boss. To remain sane amidst the chaos, you must master the art of juggling crucial tasks and responsibilities without letting any of them fail. When it comes to entrepreneurial time management skills, the cracks show faster. Entrepreneurs with weaker time management skills will experience a direct impact on their revenues and profits.

Pursue the 2-Minute Rule

One of the biggest hurdles of an entrepreneur is procrastination during work. They tend to delay the task at hand due to a lack of focus or inadequate motivation. The purpose of this rule is to make you start as easy as possible. Want to finish editing your financial reports? Try setting your goal of logging onto your records. As you master the art of showing up, the first two minutes simply become a ritual for a larger routine.

Set your Prioritization and Delegation Quotient

Prioritization is knowing when to say "no" to things that don't necessarily need your attention at the moment. Try to sort your tasks in 4 categories: must do, should do, would do and could do. Make sure to delegate those tasks to the appropriate individuals.

Anticipate Disruptions

No matter how trivial or critical a task is, they all affect your overall time management. From a workplace mishap to a simple car breakdown in the middle of the road, it would be difficult to accommodate these contingencies if your schedule is packed to the brim with your duties. For this reason, you must keep some white space in your schedule for emergencies.

Use Technology to your Advantage

Work smarter, not harder. Modern entrepreneurs should know how to use technology to save some precious minutes. Automated bill payment systems, appointment reminders, and time tracking apps, along with analytics platforms, can help you save time. Gone are the days when you have to ask your assistant or manually input data. With the help of technology, you can simply put on autopilot to have one less thing to worry about.

Source :

Pages: 1 [2] 3 4 ... 7