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UK promises regulation overhaul in bid to court wary investors

2024-10-15 00:00:00

LONDON, Oct 14 (Reuters): Prime Minister Keir Starmer will vow to scrap regulation that holds back growth and investment when he hosts some of the world's biggest businesses on Monday at a conference designed to boost Britain's appeal.Starmer won power...

SOUTHEAST BANK ORGANISES 'BUSINESS REVIEW MEETING'

2024-10-15 00:00:00

Southeast Bank recently held its monthly 'Business Review Meeting' to evaluate its performance in the month of September, presided over by Nuruddin Md. Sadeque Hossain, the bank's managing director. The meeting brought together heads of branches, manager operations of branches,...

EBL JOINS DHL'S ECO-FRIENDLY SHIPPING INITIATIVE

2024-10-15 00:00:00

Eastern Bank Limited (EBL) joined GoGreen Plus, a carbon reduced shipping service initiative, launched by DHL. Ali Reza Iftekhar, managing director and CEO of EBL, and Md. Miarul Haque, managing director of DHL Express Bangladesh, signed an agreement at a...

Sonali Paper's profit slumps for erosion in equity investment

FE REPORT | 2024-10-15 00:00:00

Despite securing a steep growth in operating profit, Sonali Paper & Board Mills experienced a 20 per cent decline in net profit year-on-year to Tk 124.79 million in FY24. The income shrank mainly because of the company's lower profit from...

Brokers association proposes reforms

FE REPORT | 2024-10-15 00:00:00

The DSE Brokers Association (DBA) has made a set of proposals, including amendments to the demutualisation act.After a meeting at the office of the Bangladesh Securities and Exchange Commission (BSEC), DBA President Saiful Islam said many provisions, including the appointment...

Bangladesh market looks poorer than its regional peers

FARHAN FARDAUS | 2024-10-15 00:00:00

Bangladesh's capital market grew by one-fifth as much as its peer Vietnam's capital market between January 2014 and July 2024 mostly because of faulty market mechanisms and lack of product diversification. Bangladesh performs equally poorly when compared to other emerging...

News in Brief -2024-10-15

2024-10-15 00:00:00

Most media organisations optimistic aboutgenerative AI, says surveyURUMQI, Oct 14: The majority of media organizations around the world maintain an optimistic outlook on generative artificial intelligence (AI) despite the controversies and concerns it has sparked, according to a recent survey...

N Korea prepares to destroy northern sides of unused inter-Korean roads

2024-10-15 00:00:00

SEOUL, Oct 14 (AP): South Korea said Monday it has detected signs that North Korea is preparing to destroy the northern parts of inter-Korean roads no longer in use, as the rivals are embroiled in soaring tensions over North Korea's...

Israeli air strike hits tents of displaced Palestinians

2024-10-15 00:00:00

GAZA, Oct 14 (Reuters): Israeli forces widened their raid into northern Gaza and tanks reached the north edge of Gaza City, pounding some districts of the Sheikh Radwan neighbourhood and forcing many families to leave their homes, residents said.In the...

Afghan Taliban vow to implement media ban on living things' images

2024-10-15 00:00:00

KABUL, Oct 14 (AFP): Afghanistan's Taliban morality ministry pledged Monday to implement a law banning news media from publishing images of all living things, with journalists told the rule will be gradually enforced.It comes after the Taliban government recently announced...

India accuses Canada of 'preposterous' probe

2024-10-15 00:00:00

NEW DELHI, Oct 14 (BBC): India has reacted angrily after being told by Canada that its ambassador and other diplomats were named as "persons of interest" in an investigation in the country.The foreign ministry in Delhi said it received the...

US to deploy Thaad anti-missile system in Israel

2024-10-15 00:00:00

JERUSALEM, Oct 14 (BBC): The US says it will deploy a high-altitude anti-missile system and a military crew to Israel to help bolster that country's air defences after a missile attack from Iran earlier this month.A Pentagon statement said President...

Cocoa climbs on harvest delays

2024-10-15 00:00:00

LONDON, Oct 14 (Reuters): Cocoa futures on ICE were higher on Monday boosted by a slow start to the harvest in top grower Ivory Coast while sugar and coffee prices also rose.COCOAMarch London cocoa rose 1.8 per cent to 5,174...

Palm oil rises on speculative buying, short covering

2024-10-15 00:00:00

KUALA LUMPUR, Oct 14 (Reuters): Malaysian palm oil futures rose on Monday, supported by a combination of speculative buying and short covering, although gains were capped by weaker crude oil prices.The benchmark palm oil contract for December delivery on the...

Bakers brace for costly Christmas as butter prices surge

2024-10-15 00:00:00

Butter prices have rocketed in recent months, trading at record highs across Europe in bad news for bakers and pastry makers as they prepare for Christmas celebrations and already face high chocolate and sugar costs, reports Reuters. Strong demand for...

Australia plans to cut bank card surcharges from 2026

2024-10-15 00:00:00

SYDNEY, Oct 14 (Reuters): Australia is planning to reduce bank card surcharges, including the elimination of transaction fees on debit cards, the government said on Monday, as the use of cash declines in the country.In a media release, the government...

Gold price steadies on China stimulus plan

2024-10-15 00:00:00

Gold prices steadied near one-week highs on Monday amid a risk-off mood sentiment driven by an underwhelming China fiscal stimulus, while investors awaited comments from US Federal Reserve officials for hints on its interest rate outlook. Spot gold edged lower...

Oil slides 2pc on China demand woes erase last week's gains

2024-10-15 00:00:00

LONDON, Oct 14 (Reuters): Oil prices declined about 2 per cent on Monday, wiping out all of last week's gains, after China oil imports fell for the fifth month, stoking concern about fuel demand as OPEC cut its 2024 and...

Why is Hilsa so expensive?

2024-10-15 00:00:00

Hilsa is an integral part of our culture and tradition, cherished for its distinct taste. This fish inhabits the Bay of Bengal, the Padma, Meghna, and Jamuna rivers, the Indian Ocean basin, and various estuaries across Bangladesh. Despite Bangladesh accounting...

Increasing flood resilience

2024-10-15 00:00:00

The floodwaters that devastate our communities each year bring not only physical destruction but also a profound human toll. Homes are swept away, crops are ruined, and livestock is lost. While nature plays a role, human factors often make matters...

Is AI modern Frankenstein?

Syed Fattahul Alim | 2024-10-15 00:00:00

A cognitive psychologist and computer scientist, the British-Canadian, Geoffrey E. Hinton who along with the American, John J. Hopfield, was awarded the Nobel Prize in Physics by the Royal Swedish Academy of Sciences on October 8 is himself fearful of...

Reforming the police

Helal Uddin Ahmed | 2024-10-15 00:00:00

Organised policing in Bangladesh has a history of around 200 years starting from the British colonial era. The constitution of the country, laws, rules and regulations including the Police Regulations, the Police Act, and the Code of Criminal Procedure form...

Treatment of protesters' injured eyes

2024-10-15 00:00:00

Although the number of deaths during the quota-reform movement is yet to be finalised, it has been put at around 800 so far. The number of the injured is many times more. Some of those receiving treatment in hospitals are...

US presidential election: stakes, intrigues, and projections

CAF Dowlah | 2024-10-15 00:00:00

In about three weeks, on November 5, 2024, Americans will head to the polls to elect the country’s 47th president. Every four years, regardless of circumstances—whether a president has been assassinated, incapacitated, or resigned—the United States (US) holds its presidential...

Weather (2024-10-14)

2024-10-14 00:00:00

Rain/thunder showers accompanied by temporary gusty wind is likely to occur at one or two places over Khulna, Barishal and Chattogram divisions. Weather may remain mainly dry with temporary partly cloudy sky elsewhere over the country6:00 pm today (Monday), according...

Three snatchers on remand

2024-10-14 00:00:00

A Dhaka court has placed three alleged snatchers on a one-day remand on Sunday in a case filed over the robbery near the puja mandap in the capital's Tantibazar, reports BSS.The accused are Askash (23), Ridoy (23) and Jibon (19).Sub-Inspector...

Low pressure over Bay likely in 48 hours

2024-10-14 00:00:00

Another low pressure area is likely to be formed over the Southwest Bay of Bengal during 48 hours from 9:00 am on Sunday, said a Met office bulletin, reports UNB.Southwest monsoon has withdrawn, except from Chattogram, and conditions are favourable...

Ex-NSI director Monirul sent to jail

2024-10-14 00:00:00

A Dhaka court has sent former director (Border) of the National Security Intelligence (NSI) Commodore Monirul Islam to jail on Sunday, rejecting bail petition, reports BSS.Investigative Officer (IO) of the case produced Monirul, who was arrested in a case filed...

Hajj pilgrims must complete registration by Oct 23

2024-10-14 00:00:00

The Ministry of Religious Affairs has brought forward the primary registration deadline for Hajj pilgrims to ensure efficient management of the pilgrimage, reports bdnews24.com.On Sunday, the ministry's Hajj wing announced that the primary registration formalities must be completed by Oct...

DU Charukola's 'Boipoka': More than a book seller

TAHMID SHAKIB | 2024-10-14 00:00:00

On the bustling streets in front of Dhaka University's Faculty of Fine Arts stands a humble mobile bookstall, an emblem of intellectual resistance. Its curator, Madhumandal, shared his journey with The Financial Express, shedding light on the philosophy behind his...