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Tokyo Gas to boost capital efficiency with asset sales

2024-11-30 00:00:00

TOKYO, Nov 28 (Reuters): Tokyo Gas aims to enhance capital efficiency by selling underperforming assets, including real estate, its president said on Thursday, following a filing disclosure of a 5 per cent stake investment by US activist investor Elliott Management.Elliott...

Gold prices set for biggest monthly decline in over one year

2024-11-30 00:00:00

Gold prices gained on Friday, supported by a weaker greenback and geopolitical woes, but were on course for their worst monthly performance since September 2023 due to a dollar rally this month following Donald Trump's U.S. election victory, reports Reuters.Spot...

US consumers wary of 'Black Friday' deals

2024-11-30 00:00:00

NEW YORK, Nov 29 (AFP): The annual Black Friday shopping day has always been about finding the best deals, but this year retailers are preparing for a US consumer more zealously fixated than ever on getting value for their money.Inflation...

Improved demand lifts rice export rates in India and Thailand

2024-11-30 00:00:00

Prices of parboiled rice exported from top hub India gained, after holding steady for three straight weeks, supported by improved demand this week, while the delivery of shipments and demand from regular customers drove Thai rates to their highest in...

Freight rates for Russian oil set to rise as winter, new sanctions in sight

2024-11-30 00:00:00

MOSCOW, Nov 29 (Reuters): Freight rates for Russian oil transportation are set to rise amid coming winter season and new sanctions against Russian fleet, three traders said on Friday.Britain has imposed the strongest sanctions to date against Russia's shadow merchant...

Talabat set to raise $2b from Dubai IPO

2024-11-30 00:00:00

Talabat Holding, one of the biggest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the UAE this year, after its parent Delivery Hero on Friday priced the...

Global equity funds draw ninth weekly inflow in a row

2024-11-30 00:00:00

Global investors stepped up purchases in equity funds in the week ended November 27, encouraged by prospects of robust US growth under the Trump administration and boosted by cooling treasury yields, reports Reuters.Investors pumped a substantial $12.19 billion into global...

BRAC BANK PARTNERS WITH SEAGULL HOTELS

2024-11-30 00:00:00

BRAC Bank has partnered with Seagull Hotels Limited to extend exclusive Employee Banking services. Under the partnership, Seagull officials will enjoy a convenient and delightful banking experience, including salary accounts, multi-currency debit cards, credit cards, loan facilities, DPS, FD, and...

Ring Shine Textiles suffers loss of Tk 396m despite higher revenue

FE REPORT | 2024-11-30 00:00:00

Struggling Ring Shine Textiles has reported a loss of Tk 396 million for July-September quarter this year, despite a rise in revenue.The company also suffered a loss of Tk 430 million in the same quarter last year, according to a...

Stocks end flat as investors remain wary

FE REPORT | 2024-11-30 00:00:00

The benchmark equity index ended nearly flat this week as investors took to the sidelines following last week's sharp fall, which dampened market sentiment.The market volatility persisted throughout the week as cautious investors adopt 'wait and see' approach amid uncertainties...

China's scrap copper imports set to slump over US trade worries

2024-11-30 00:00:00

China's imports of scrap copper are set to slump as some traders have suspended buying from the United States, the top supplier, due to worries about rising trade tensions under a Donald Trump presidency, analysts said, reports Reuters.Trump, who takes...

EU commits $19b to Ukraine under G7 plan

2024-11-30 00:00:00

BRUSSELS, Belgium, Nov 29 (AFP): The European Union on Thursday confirmed it would give Ukraine 18.1 billion euros ($19 billion) as part of a bigger G7 loan backed by profits from frozen Russian assets.The Group of Seven advanced economies last...

DNCRP steps up market monitoring; conducts drives in 21 districts

2024-11-30 00:00:00

In a bid to ensure price stability and a steady supply of essential goods, the Directorate of National Consumer Rights Protection (DNCRP) has conducted market drives across 21 districts, imposing fines of Tk 4,70,500 on 61 businesses for various irregularities,...

Canada sues Google over alleged anticompetitive practices in online ads

2024-11-30 00:00:00

TORONTO, Nov 29 (AP) : Canada's antitrust watchdog said Thursday it is suing Google over alleged anticompetitive conduct in the tech giant's online advertising business and wants the company to sell off two of its ad tech services and pay...

France, Germany, Sweden urge EU battery sector push to avoid China reliance

2024-11-30 00:00:00

BRUSSELS, Nov 29 (Reuters): France, Germany and Sweden called on the incoming European Commission on Thursday to ensure the future of battery production in Europe and avoid relying on China to meet its needs for the green transition.In a paper...

Workshop on 'Applications and Training using Industrial Lasers' at AIUB

2024-11-30 00:00:00

A workshop titled "The Rise of Industrial Lasers: Applications, Innovations, and Hands-on Training" was organized by the Faculty of Engineering, AIUB, in collaboration with the Industrial Engineering & Operation Management (IEOM) AIUB Student Chapter in Dhaka on Sunday. Prof. Dr....

PDBL holds 58th board meeting

2024-11-30 00:00:00

Sonali Bank PLC organised the 58th Board of Directors and 77th bi-monthly meeting of Primary Dealers Bangladesh Limited (PDBL) at the bank's conference room on Thursday. PDBL Chairman and Mutual Trust Bank PLC Managing Director and CEO Syed Mahbubur Rahman...

Abul Kalam made panel leader of Sammilito Parishad

FE REPORT | 2024-11-30 00:00:00

Chaity Group managing director and chief executive officer Md Abul Kalam has formally been announced as the panel leader of Sammilito Parishad, a panel of the country's garment makers.The announcement was made at an event held at a city hotel...

South Korea scrambles jets as Chinese, Russian warplanes approach

2024-11-30 00:00:00

SEOUL, Nov 29 (AFP): South Korea's military said Friday it scrambled fighter jets as five Chinese and six Russian military planes flew through its air defence zone, an area wider than the country's airspace.Five Chinese and six Russian military aircraft...

Social media companies slam Australia's under-16 ban

2024-11-30 00:00:00

SYDNEY, Nov 29 (AFP): Social media giants on Friday hit out at a landmark Australian law banning them from signing up under-16s, describing it as a rush job littered with "many unanswered questions".The UN children's charity UNICEF Australia joined the...

India's lower house suspended over Adani allegations

2024-11-30 00:00:00

The lower house of India's parliament was suspended temporarily on Friday for a fourth day in a row this week following disruptions as opposition lawmakers sought a discussion on the allegations against Adani Group, report agencies.US authorities last week accused...

Iran to begin Uranium enrichment with advanced centrifuges

2024-11-30 00:00:00

DUBAI, United Arab Emirates, Nov 29 (AP): Iran plans to begin uranium enrichment using thousands of advanced centrifuges at its key nuclear facilities, Fordo and Natanz, the United Nations' International Atomic Energy Agency (IAEA) reported on Friday.This development heightens concerns...

WHO wants bird flu surveillance stepped up

2024-11-30 00:00:00

GENEVA, Nov 29, (AFP): The World Health Organization on Thursday urged countries to step up surveillance for bird flu after the first case was detected in a child in the United States.A small but growing number of H5N1 avian influenza...

Days before deadline, plastic treaty draft highlights disagreement

2024-11-30 00:00:00

BUSAN, South Korea, Nov 29 (AFP): With just two days before negotiators are due to agree on the world's first deal to curb global plastic pollution, a new draft text released Friday showed deep differences remain.Nearly 200 countries are gathered...

Despite ceasefire Israeli airstrikes on Lebanon continue

2024-11-30 00:00:00

LONDON/Beirut, Nov 29 (AP/AFP): On Thursday, Israel launched an airstrike on southern Lebanon, marking the first such attack since a ceasefire with Hezbollah was declared earlier this week. The Israeli military stated the strike targeted a rocket storage site linked...

US landmine offer to Ukraine throws global treaty into 'crisis'

2024-11-30 00:00:00

SIEM REAP, Cambodia, Nov 29 (AFP): A US offer to give Ukraine anti-personnel mines to help battle Russia's invasion has thrown a landmark global anti-landmine treaty into "crisis", campaigners said Friday, urging Kyiv to snub the proposal.Ukraine is one of...

Private universities and century-old trust law

Sarwar Jahan | 2024-11-30 00:00:00

According to experts, the existing Trust Act of Bangladesh is an old and complex law. With a view to framing a new trust act, in 2017 a law commission was formed comprising Justice ABM Khairul Haque as Chairman, and late...

How misplaced priorities have governed human minds

Nilratan Halder | 2024-11-30 00:00:00

Human mind is shaped by an array of physical, mental, social, cultural, religious and geographical elements. Both hereditary or genetic and environmental influences go into the making of the mind. There is nothing absolutely evil or good in the bargain....

COP29 ended with a sense of dissatisfaction

Mushfiqur Rahman | 2024-11-30 00:00:00

The 29th UN Climate Conference (COP29) ended in Baku, Azerbaijan (on November 23, 2024) with a sense of 'dissatisfaction and betrayal'. Earlier delegates from 200 countries of the world with more than 100 heads of states gathered in Baku on...

The future of banking

2024-11-30 00:00:00

In recent years, as technology reshapes industries worldwide, the traditional banking model in Bangladesh risks falling behind. In addition to being a tool for improving operational efficiency, smart banking is more important than ever as a way to transform financial...