Finance News: Latest Financial News, Finance News today in Bangladesh

Govt plans to pay off power dues amid Fund push

A risk of higher budget deficit looms as the government is set to commit to paying off all the accumulated power-sector dues by this fiscal yearend during a third review of the current IMF loan package next month.Officials say that, in the context of huge payoff of power dues, the...

COP29 climate summit overruns as $250 billion draft deal flops

BAKU, Nov 22 (Reuters): The COP29 climate summit ran into overtime on Friday, after a draft deal that proposed developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations drew criticism from all sides.World governments represented at the summit in the Azerbaijan capital...

Bangladesh may receive $1.1b ADB, WB aid in December

Bangladesh may receive US$1.1 billion in December from two major financiers in much-awaited budget-funding credits as negotiations are capped with consent, officials said Friday, while search is on for boosting forex reserves.The Asian Development Bank (ADB) is expected to lend an enhanced amount of $600 million while the World Bank...

Swearing-in of new CEC, colleagues tomorrow

The newly appointed chief election commissioner (CEC) and four other commissioners will take oath tomorrow (Sunday).Shafiqul Islam, public relations officer of the Supreme Court, in a press note said the oath-taking ceremony would take place around 1:30 pm.Chief Justice Syed Refaat Ahmed will administer the oath.Former secretary AMM Nasir Uddin...

A man transports on his bicycle carrier eco-friendly as well as biodegradable fabric

A man transports on his bicycle carrier eco-friendly as well as biodegradable fabric-made shopping bags and those made of colourful nets to department stores as most of them no longer use any such banned bags in Dhaka city. The snap was shot in Kakrail area on Friday. — FE Photo

Adani's Australian coal unit faces human rights complaint

India's Adani Group, whose billionaire chairman has been indicted for fraud by US prosecutors, is facing accusations of racism at its Australian coal unit after an Aboriginal group filed a complaint with the country's Human Rights Commission.The Nagana Yarrbayn Wangan & Jagalingou Cultural Custodians in Queensland state said it filed...