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

Rod prices slightly fall on low demand

Prices of rod along with some other key construction materials have decreased slightly on the back of lower demand in recent time while the manufacturers are striving to survive, insiders said.However, the prices of rod and other building materials like cement, ceramic tiles, bricks and sand might go up further...

More than 100 reported killed in Gaza after truce collapses

GAZA, Dec 1 (Agencies): Israel's warplanes pounded Gaza on Friday after talks to extend a week-old truce with Hamas broke down, sending wounded and dead Palestinians into hospitals and others onto the streets to seek safety.Earlier the United States will continue to press for extending a truce in Gaza, the...

Day labourers gather at Madhya Badda in Dhaka

Day labourers gather at Madhya Badda in Dhaka on Friday morning, hoping to be hired for work on construction sites. Amid a struggling economy, political turmoil and rising living costs, these labourers face challenges in finding sufficient employment. — FE Photo

COP28 draft calls for fossil fuels to be cut or eliminated

DUBAI, Dec 1 (AFP): Negotiators released the first draft of a UN agreement on climate action Friday calling for fossil fuels to be reduced or eliminated, setting up a fierce fight at the COP28 talks in oil-rich UAE.Divisions over the future of fossil fuels have already surfaced at the COP28...

Govt seeks loan period extension as project trails train

Bangladesh has requested China to extend loan-availability period for the Padma Bridge rail- link project by one year as the project execution trails the train, already on commercial run. Officials say the lending timeline has been requested to be extended from May 17, 2024 to May 2025 for implementing the...

Govt to build 59 more fire stations amid rising incidents, disasters

In response to a surge in fire incidents and other disasters in recent years, the government has decided to construct 59 more fire stations across the country by spending nearly Tk 24 billion in the next four years, officials said.These fire and civil defence stations will be strategically situated in...

New party to face old guard in Bhutan's fourth free vote

KATHMANDU, Dec 1 (Reuters): A new group is among the two political parties chosen by Bhutan's people to contest its fourth free vote since democracy was established 15 years ago, while the outgoing ruling party was knocked out, the Election Commission of Bhutan (ECB) said on Friday.Nestled between China and...

Worker killed at GPH Ispat factory

CHATTOGRAM, Dec 01: One worker was killed in an accident at GPH Ispat factory at Sitakunda in Chattogram at around 8 pm on (Friday).The victim was identified as Md Fallat (35).Sources said, Md Fallat was killed when an iron sheet used for preparing rods felt on him at GPH Ispat...

Meta sues US regulator to stop privacy settlement change

SAN FRANCISCO, Dec 1, (AFP) : Meta filed a lawsuit late Wednesday arguing that US regulators planning to change the terms of a 2020 privacy settlement are overstepping their authority and should be stopped.The Silicon Valley tech giant, known as Facebook when the $5 billion settlement was made, said that...

WB grants $1.2b loan to Ukraine

WASHINGTON, Dec 1 (TASS) :The Board of Directors of the World Bank made the decision to approve the extension of a $1.2 bln loan to Ukraine, the World Bank's press service said.Money will be allocated to support 29 social aid programs for "the most vulnerable people in Ukraine" under the...

UN rarely deploys observers to monitor national polls, says Spokesman

The United Nations has said they do not deploy observers to elections like Bangladesh one, noting that they rarely do that without a specific mandate, reports UNB. "The UN is not deploying observers to these elections. We don't… we rarely, rarely do that without a specific mandate," Spokesman for the...