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Arabica coffee hits 13-year high

2024-11-24 00:00:00

LONDON, Nov 23 (Reuters): Arabica coffee futures rose to a fresh 13-year high on Friday, buoyed by concerns that next year's crop in Brazil may be smaller than earlier expected, while cocoa prices were also sharply higher.March arabica coffee settled...

EU wheat pauses after 6-day rally on Black Sea risks

2024-11-24 00:00:00

PARIS, Nov 23 (Reuters): European wheat edged lower on Friday after rising for six consecutive sessions as improved prospects for the Australian harvest weighed on the market but it remained supported by sharp fall of the euro and a scaling-up...

Oil majors betting big on biofuels with over 40 projects by 2030

2024-11-24 00:00:00

Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030, consultancy Rystad said in a report.The energy research firm indicates...

BJP, allies set to return to power in Maharashtra

2024-11-24 00:00:00

NEW DELHI, Nov 23 (Reuters): Indian Prime Minister Narendra Modi's party and its allies were set to return to power in the nation's richest state, television channels reported on Saturday, a boost for the Hindu-nationalist leader after a disappointing general...

Netanyahu faces arrest if he enters UK

2024-11-24 00:00:00

JERUSALEM, Nov 23 (BBC): Israeli Prime Minister Benjamin Netanyahu faces arrest if he travels to the UK, after an international arrest warrant was issued for him, Downing Street has indicated.A No 10 spokesman refused to comment on the specific case...

Ukraine seeking new air-defence systems after latest Russian strike

2024-11-24 00:00:00

KYIV, Nov 23 (AFP): Ukraine is asking its Western partners for updated air defence systems after Russia fired an ultra-fast ballistic missile at the city of Dnipro this week, President Volodymyr Zelensky said Friday.Russia has boasted its new "Oreshnik" hypersonic...

NATO chief discusses 'global security' with Trump

2024-11-24 00:00:00

BRUSSELS, Nov 23 (AFP): NATO chief Mark Rutte held talks with US President-elect Donald Trump in Florida on the "global security issues facing the alliance", a spokeswoman said Saturday.The meeting took place on Friday in Palm Beach, NATO's Farah Dakhlallah...

Philippine VP publicly threatens to have President assassinated

2024-11-24 00:00:00

MANILA, Nov 23 (AP): Philippine Vice President (VP) Sara Duterte said Saturday she has contracted an assassin to kill the president, his wife and the House of Representatives speaker if she herself is killed, in a brazen public threat that...

Israeli airstrike shakes Beirut: 11 dead

2024-11-24 00:00:00

BEIRUT, Nov 23 (Reuters/AFP): A powerful airstrike killed 11 people in central Beirut on Saturday, the Lebanese civil defence said, shaking the capital as Israel pressed its offencive against the Iran-backed Hezbollah group.The attack destroyed an eight-storey building and caused...

Israeli strikes on Gaza leave 19 dead

2024-11-24 00:00:00

GAZA CITY, Nov 23 (AFP): Gaza's civil defence agency said that 19 people, including at least six children, were killed by Israeli air strikes and tank fire on Saturday.Agency spokesman Mahmud Bassal told AFP that "19 people were killed and...

Reading history for pleasure, and also for knowledge

Asjadul Kibria | 2024-11-24 00:00:00

Everyone needs to read history, and some need to study history. It is because we all need to know some chronicles of primary history of the world, the main previous events of the world, so we can put many developments...

Building a livable Dhaka

Firdousi Naher | 2024-11-24 00:00:00

The unprecedented student-led movement has drawn the full global attention to Bangladesh and Dhaka is now in the focus of news media in the country. Can it be that we become inspired by this attention to our country and it...

Dhaka . . . when we knew it as Dacca

Syed Badrul Ahsan | 2024-11-24 00:00:00

There are all those times when I go looking for Dacca as I knew it ages ago. It was a time when Dhaka was spelt as Dacca and yet we pronounced the word in the Bengali way. I will confess...

Private sector's involvement imperative for nation's renascence

Waleed Abedin | 2024-11-24 00:00:00

A moment of much-needed breath of fresh air for Bangladesh's people comes with the emergence of an interim government, headed by Dr Yunus. It's nothing short of a turning point for the nation, for a renascence. From an economic standpoint,...

Revisiting the uprising

Atiqul Kabir Tuhin | 2024-11-24 00:00:00

Bangladesh came to pass a historical milestone when on June 5, 2024, the High Court ruled that the scrapping of the 30 per cent quota reservation for descendants of freedom fighters in government jobs was illegal. Few could have imagined...

The alchemy of integrating ESG, CSR, CG in capital market

Galib Nakib Rahman | 2024-11-24 00:00:00

Who doesn't remember Tamim Iqbal charging down the wicket to hit a 6 off Zaheer Khan in 2007? Sadly, despite all of his heroics, who doesn't remember the overuse of his 'anchor role' to defend his sudden loss of striking...

Prudent investment in infrastructure development

Md Shamsul Hoque | 2024-11-24 00:00:00

Bangladesh has achieved an impressive growth at 8.13 per cent until the pandemic hit. During the pandemic, the country witnessed GDP growth in 2020 and 2021 at 7.25 per cent alongside sustained US$ per-capita income in FY2022 containing the pandemic...

Which one holds sway, syndicate or market concentration?

FHM Humayan Kabir, Arifur Rahman, Md Rafiqul Islam and SM Salahuddin | 2024-11-24 00:00:00

People's expectations from this interim government veritably know no bounds, in a feel-good ambiance. Since they had failed to speak freely during the unseated Sheikh Hasina government, now their expectations run sky-high from this neutral administration. But they haven't so...

Price rises: middleman conundrum

Md. Rubaiyath Sarwar | 2024-11-24 00:00:00

What causes prices to rise in Bangladesh remains a moot question, especially as all well-meant efforts now virtually go in vain. From economists to common people, there is a common view-it has to be either a syndicate or a middleman....

Media reforms: Likely remedies for problems facing Bangladesh Press

Moslem Uddin Ahmed | 2024-11-24 00:00:00

Corporate ownership of news enterprise is the latest among the modes of media ownerships in Bangladesh, as also elsewhere. This ownership pattern, offering lucrative pay-and-perk packages to journalists, emerged in an evolution spanning a few centuries. This one also seems...

What does the future look like?

Dr Imtiaz Ahmed | 2024-11-24 00:00:00

In the last few years, we have experienced rapid advances in Artificial Intelligence (AI). Chatbots powered by AI are now at everyone's fingertips. We have seen increasing application of AI in many disciplines. Health care is also going through evolution...

How economy and social lives go digital

T I M Nurul Kabir | 2024-11-24 00:00:00

The rapid growth of digital platforms is transforming our economic landscapes and social lives. Access to high-speed internet connections and the growing usage of digital applications, tools, and communication technologies are leading to a range of improved business outcomes, such...

From youth movement to regime fall

Mohammad Avi Hossain | 2024-11-24 00:00:00

Two economists -- Daron Acemoglu and James A. Robinson -- have just received the Nobel Prize in Economics for their outstanding work in the space of institutional and political economics in shaping the development of a nation. Their co-authored book...

Role of developmental central banking in promoting sustainable finance

Atiur Rahman | 2024-11-24 00:00:00

Even though unprecedented geopolitical tensions are overwhelming the global leaders in not focusing on the biggest global crisis called growing climate change challenges, the climate compassionate leaders both in the public and private sectors are not sitting idle. They are...

Towards inclusive growth in Bangladesh

M Abu Eusuf and Deen Islam | 2024-11-24 00:00:00

As Bangladesh navigates a shifting political landscape, the call for economic inclusivity is stronger than ever. At the heart of these changes lies an urgent need to make sure that every citizen can benefit from the nation's economic progress. For...

Bangladesh and its unfulfilled potential for attracting FDI

Shanawez Hossain and Saiqua Tabassum | 2024-11-24 00:00:00

Is Bangladesh only desirable as an RMG export nation? This question presents a debate. As expected for a country at this stage of development, Bangladesh is still primarily focused on manufacturing and secondary industries. When discussions about business ties with...

A holistic strategy to prevent corruption in Bangladesh

Shafiun N. Shimul | 2024-11-24 00:00:00

Corruption has long been a formidable barrier to economic development, social justice, and effective governance. Traditional methods of combating corruption have largely focused on punitive measures-punishing those who indulge in corrupt activities after the corruption has been detected. While punishment...

Innovation, technology and global competitiveness

Serajul I. Bhuiyan | 2024-11-24 00:00:00

Introduction: A new dawn for private sector growth As Bangladesh comes out of the political transitions of recent times, probably in no time in its history has the need for rejuvenation of the private sector become urgent. The private sector...

Economy needs a course correction for sustained growth

M. Rokonuzzaman | 2024-11-24 00:00:00

Upon reaching six to eight per cent growth through a labour-based industrial economy, less-developed countries and their advisers often extrapolate past successes to predict high-income status in the near future. Unfortunately, this outcome rarely materialises. Instead, after investing in infrastructure...

Redefining goals, priorities, strategies of development

Rizwanul Islam | 2024-11-24 00:00:00

GDP growth as an indicator of progress is popular among politicians and policy makers all over the world. It is easy to use for demonstrating their performance and to convince voters to vote on their behalf (i.e., where people can...