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Mob beat two 'AL activists' at Dhanmondi 32

2025-02-07 00:00:00

An agitated mob of students and the public has beaten two people on suspicion of being Awami league activists during the demolition of the home of Sheikh Mujibur Rahman on Dhanmondi Road No. 32, reports bdnews24.com. The incident occurred around...

Court orders to freeze 28 bank accounts of Zahid Maleque, son

2025-02-07 00:00:00

A Dhaka court has ordered to freeze a total of 28 bank accountsof former health minister Zahid Maleque and his son Rahar Maleque over graft charges, reports BSS. Of the 28 bank accounts, 16 are of Zahid and 12 belong...

A quarter may be behind demolition at Dhanmondi 32: Hafizuddin

2025-02-07 00:00:00

BNP senior leader Hafizuddin Khan has said a quarter may have been behind the incidents at Dhanmondi-32 house and other establishments as part of a plot to create disorder and obstruct the restoration of democracy in the country, report agencies.He...

Awami League leaders' houses were destructed and set on fire

2025-02-07 00:00:00

Awami League leaders' houses were destructed and set on fire on Wednesday night and Thursday: (from left): Obaidul Kader's house in Noakhali, 'Sheikh Bari' of Sheikh Hasina's five cousins in Khulna, and Abul Hasnat Abdullah's house in Barishal. - Focus...

Sale of Russia subsidiary helps Carlsberg to profit

2025-02-07 00:00:00

COPENHAGEN, Feb 06 (AFP): Danish brewer Carlsberg said Thursday that it returned to profit in 2024 thanks in part to completing the sale of its Russian subsidiary. Like many Western companies Carlsberg sought to pull out of Russia after it...

China's economy gets New Year boost from holiday travel and shopping

2025-02-07 00:00:00

BEIJING, Feb 06 (AFP): China's sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade...

Bank of England expected to cut key UK interest rate to 4.50pc

2025-02-07 00:00:00

LONDON, Feb 06 (AP): The Bank of England (BoE) is widely expected to cut interest rates for the third time in six months later Thursday, even though inflation remains above its target.Most economists think the nine-member Monetary Policy Committee will...

German factory orders jump but outlook still gloomy

2025-02-07 00:00:00

FRANKFURT, Feb 06 (AFP): German industrial orders rebounded more than expected in December, data showed Thursday, but officials cautioned it was unlikely the start of a sustained turnaround for Europe's struggling top economy.New orders, closely watched as an indicator of...

US banks raise equity to jumpstart deals, bolster balance sheets

2025-02-07 00:00:00

NEW YORK, Feb 06 (Reuters): US regional banks are capitalizing on improving investor sentiment by raising billions of dollars in equity to pursue deals and beef up their balance sheets.Since Donald Trump's US election victory in November, banks have raised...

Concord Architects & Interior Décor and IPDC PRITI sign MoU

2025-02-07 00:00:00

Concord Architects & Interior Decor Limited (CAIDL), a leading interior solutions company, has recently signed an agreement with IPDC PRITI at their corporate office. Under this agreement, IPDC PRITI cardholders and Home Loan clients are set to enjoy exclusive benefits...

390th Board Meeting of Shahjalal Islami Bank held

2025-02-07 00:00:00

The 390th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held on Wednesday at the Corporate Head Office of the bank. The meeting was presided over by its Chairman A. K. Azad. The Board approved a...

Asian equities see sharp foreign outflows in January

2025-02-07 00:00:00

Foreign investors pulled heavily out of Asian stocks in January, deterred by higher US Treasury yields and rising concerns that regional exports could suffer under additional tariffs from President Donald Trump's administration, reports Reuters.Foreigners divested stocks worth $12.5 billion, on...

Major Gulf mkts mixed as Trump proposals continue to weigh

2025-02-07 00:00:00

Major stock markets in the Gulf were mixed on Thursday as US President Donald Trump's latest announcements continued to weigh on investor sentiment, reports Reuters.Trump said this week the US would take over the war-ravaged Gaza Strip and develop it...

Bangladesh Bank's Khasru Parvez appointed as new Beximco receiver

2025-02-07 00:00:00

Khasru Parvez, executive director of Bangladesh Bank, has been appointed as the custodian - officially called the receiver - to oversee the properties and assets of all Beximco Group companies aside from Beximco Pharmaceuticals Ltd., reports bdnews24.comParvez was appointed to...

BRAC BANK INAUGURATES ITS SECOND BRANCH IN COX'S BAZAR

2025-02-07 00:00:00

BRAC Bank has opened a new branch in the tourist city of Cox's Bazar. A second branch containing spacious premises and modern facilities equipped to provide the best-in-class banking services in the country's top holiday destination signifies the bank's commitment...

SOUTHEAST BANK HOLDS 754TH BOARD MEETING

2025-02-07 00:00:00

The 754th board meeting of Southeast Bank was held on Thursday. The meeting was presided over by the bank's Chairman M.A. Kashem. Vice Chairperson Rehana Rahman, Md. Rafiqul Islam (representative of Asia Insurance Limited), Md. Nurul Islam (representative of Single...

ICAB and ICAEW presidents discuss future collaboration

2025-02-07 00:00:00

Maria Howlader, President of the Institute of Chartered Accountants of Bangladesh (ICAB), met with Malcolm Bacchus, President of the Institute of Chartered Accountants in England & Wales (ICAEW), on the sidelines of the SAFA events at the Yashobhoomi Convention Centre...

IIFC holds 25th annual general meeting

2025-02-07 00:00:00

The 25th Annual General Meeting of Infrastructure Investment Facilitation Company (IIFC) was held at the IIFC Conference Room in Dhaka on Tuesday, with Md Shahriar Kader Siddiky, Chairman, IIFC, and Secretary, Economic Relations Division, Ministry of Finance, in the chair,...

Power Grid's profit surges 387 per cent in Q2

FE REPORT | 2025-02-07 00:00:00

Power Grid Company has declared a 387 per cent growth in profit in the second quarter through December of FY25, compared to the same quarter of FY24, on higher energy transmission and a reduction in finance cost. Its profit stood...

BAT to pay 3-year-high dividends as dollar crisis lessens

FE REPORT | 2025-02-07 00:00:00

Having paid a decade-low dividend last year, British American Tobacco (BAT) Bangladesh has decided to provide three-year-high dividends for 2024. With a 150 per cent final dividend declared for the year on Thursday, it is going to pay 300 per...

Panama denies US claims over free canal passages

2025-02-07 00:00:00

PANAMA CITY, Feb 06 (BBC): Panama has denied making changes to allow US government vessels to transit the Panama Canal for free, following White House claims it had agreed to such a move.The State Department said in a statement on...

Cocaine 'no worse than whisky'

2025-02-07 00:00:00

BOGOTA, Feb 06 (AFP): Cocaine "is no worse than whisky" and is only illegal because it comes from Latin America, said Colombian President Gustavo Petro during a live broadcast of a government meeting.Colombia is the world's biggest cocaine producer and...

France delivers first Mirage 2000 fighter jets to Ukraine

2025-02-07 00:00:00

PARIS, Feb 06 (AFP): France on Thursday delivered a first shipment of Mirage 2000 fighter jets to Ukraine to help Kyiv defend its airspace against Russia, Defence Minister Sebastien Lecornu said on Thursday."The first of these aircraft have arrived in...

Vow to crack down on scammers

2025-02-07 00:00:00

BANGKOK, Feb 06 (AP): China's leader Xi Jinping and visiting Thai Prime Minister Paetongtarn Shinawatra vowed to crack down on the scam networks that plague Southeast Asia as the two leaders met on Thursday in Beijing.Myanmar, Cambodia and Laos, which...

Guterres warns Trump against Gaza ethnic cleansing

2025-02-07 00:00:00

NEW YORK, Feb 06 (Reuters/BBC): United Nations Secretary-General Antonio Guterres told President Donald Trump on Wednesday to avoid ethnic cleansing in Gaza after the US leader proposed that Palestinians resettle elsewhere and the United States take over the war-torn enclave."In...

Pace of climate change puzzles scientists

2025-02-07 00:00:00

LONDON, Feb 06 (BBC): Last month was the world's warmest January on record raising further questions about the pace of climate change, scientists say. January 2025 had been expected to be slightly cooler than January 2024 because of a shift...

Egypt signs $3b LNG deals with Shell and TotalEnergies

2025-02-07 00:00:00

LONDON, Feb 6 (Reuters): Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.The most populous Arab country last...

Japan seeks steel import tariff exemption from India

2025-02-07 00:00:00

NEW DELHI, Feb 6 (Reuters): Japan has called on India to exempt it from any temporary tax aimed at curbing rising steel imports, according to a source and documents, arguing the move would crimp supplies of high-grade, speciality alloys that...

Brazil roasters fret over fake coffee as prices soar

2025-02-07 00:00:00

SAO PAULO, Feb 6 (Reuters): The Brazilian coffee industry is worried that sky-high coffee prices are leading some companies to expand offerings of what it calls fake coffee in the local market, as they seek to attract consumers who are...

Gold's five-session record streak pauses

2025-02-07 00:00:00

Gold prices steadied on Thursday after a five-session rally to all-time highs on tensions over trade wars between the world's two largest economies raising worries about economic growth and uncertainty around the future path of US interest rates, reports Reuters.Spot...