Costner cleanup device gets high marks from BP

It was treated as an oddball twist in the otherwise wrenching saga of the BP oil spill when Kevin Costner stepped forward to promote a device he said could work wonders in containing the spill’s damage. But as Henry Fountain explains in the New York Times, the gadget in question — an oil-separating centrifuge — [...]

Budget pro-growth, but may fuel inflation: FBCCI

The country’s apex trade body Sunday lauded the budget as “pro-growth and broadly business-friendly” but said the proposed new taxes for the upcoming fiscal year would put extra burden on consumers and spike inflation.
In a budget reaction, the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) said the budget would [...]

India’s billionaire list doubles

Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company is put at $32 billion, an increase of 54 per cent from nearly $21 billion last year, according to a Forbes report.
“Trailing behind him are Lakshmi Mittal (Arcelor Mittal) with [...]

US jobless rate hits 26-year high

The latest official data shows that the unemployment rate in the United States touched 10.2 per cent in October, the highest since 1983.
Labour department figures released on Friday revealed that nearly 16 million Americans were unable to find jobs and that employers had cut 190,000 positions last month, down from 219,000 in September.
Barach Obama, the [...]

Action plan to save 40m coastal people from climate change impact urged

Speakers at a seminar Friday called for taking an action plan to save 40 million people of the country’s coastal region from the adverse impact of climate change.
They also underscored the need for incorporating the climate change issue in the curriculum at primary and secondary levels to create awareness of it.
The speakers further urged the [...]