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The troubling battery-run rickshaws

2024-11-23 00:00:00

The authorities appear to be bewildered by the crisis that originated from the High Court order asking them to remove the battery-driven rickshaws from the streets of Dhaka city. A High Court bench has found these tiny three-wheelers illegal and...

Aluminium, copper under pressure from weak euro zone PMI

2024-11-23 00:00:00

LONDON, Nov 22 (Reuters): Prices for copper and aluminium fell in London on Friday as data showing a tumble in euro zone business activity weakened the euro, and the dollar strengthened weighing on prices for industrial metals.Three-month copper on the...

Spain fines Ryanair, others $187m over cabin bag fees

2024-11-23 00:00:00

MADRID, Nov 22 (Reuters): Spain's consumer rights ministry has fined budget airlines including Ryanair and Vueling a combined 179 million euros ($187 million) for practices such as charging for larger cabin bags, it said on Friday.Consumer groups said in May...

Palm oil suffers worst week in 19 months with 8pc drop

2024-11-23 00:00:00

KUALA LUMPUR, Nov 22 (Reuters): Malaysian palm oil futures closed lower on Friday to log their sharpest weekly fall in more than a year and a half, weighed down by looming demand worries and weak soybean oil prices.The benchmark palm...

Thai rice prices hit one-month high

2024-11-23 00:00:00

Thai rice export prices climbed to a one-month peak this week, buoyed by foreign demand, while Indian rice prices held steady near a 15-month low due to ample supplies, reports Reuters.Exports are making the market active, a Bangkok-based trader said,...

Gold and oil surge on Ukraine war fears

2024-11-23 00:00:00

LONDON/SINGAPORE, Nov 22 (Reuters): Gold, oil, and haven assets from the Swiss franc to German government debt headed for strong weekly gains on Friday after the Russia-Ukraine conflict escalated, while European gas price rises and poor economic data heaped pressure...

UK businesses report first contraction in output since 2023

2024-11-23 00:00:00

LONDON, Nov 22 (Reuters): British business output shrank for the first time in more than a year and tax increases in the new government's first budget hit hiring and investment plans, a survey showed, a fresh setback for Prime Minister...

Asia markets mostly rise

2024-11-23 00:00:00

Asia-Pacific markets mostly rose Friday, tracking a rally on Wall Street that saw the S&P log gains for a fourth straight day, reports CNBC.The exceptions were Hong Kong's Hang Seng index, which fell 2.2 per cent in its last hour...

Global equity funds' inflows slow on geopolitical tensions

2024-11-23 00:00:00

Inflows into global equity funds slowed in the week to November 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the US interest rate policy outlook for next year, reports Reuters.According to LSEG data,...

BRAC BANK TO PROVIDE COLLATERAL-FREE LOANS TO BASIS MEMBERS

2024-11-23 00:00:00

BRAC Bank has entered a partnership agreement with the Bangladesh Association of Software and Information Services (BASIS) to provide collateral-free financing to its members. It will be a big boost for the country's ICT sector, as more than 2,500 BASIS...

Stocks suffer sharp fall on fresh worries about economy

FE REPORT | 2024-11-23 00:00:00

The benchmark equity index finished sharply lower this week, wiping out all the gains from the previous two weeks, as it plunged below 5,200 mark, reflecting the growing concerns over ongoing political and economic tensions in the country.Market operators said...

Unethical practices in financial statement analysis

Mohammed Hafiz Uddin | 2024-11-23 00:00:00

The financial sector plays a vital role in fostering economic growth, providing funding for businesses, and facilitating trade and investment in Bangladesh, like many other countries. However, the sector has increasingly become stained by unethical and immoral activities, particularly concerning...

A firsthand account of retaking Kabul by the Talibans

Asjadul Kibria reviewing the book | 2024-11-22 12:00:00

Just a decade ago, Barack Obama, then-president of the United States (US), ordered gradual withdrawal of American forces from the soil of Afghanistan. Thus a turning point in the history of the country started. The presence of the US and...

G-20 summit failed to deliver, COP29 may follow suit

Nilratan Halder | 2024-11-22 12:00:00

The picture is funny and even hilarious to most viewers. Thanks to Brazil's indigenous environmental activists who could think of such a novel protest against climate inaction on the part of world leaders. The protesters took out giant cut-outs of...

Artificial Intelligence in financial service delivery in Bangladesh

Matiur Rahman | 2024-11-22 12:00:00

Artificial Intelligence (AI) is rapidly transforming the global financial landscape, and Bangladesh is no exception. Integrating AI in financial service delivery has opened up opportunities for banks, microfinance institutions, and fintech startups to enhance operational efficiency, improve customer experience, and...

Key meeting on environmental cooperation held

2024-11-22 00:00:00

Syeda Rizwana Hasan, adviser to the Ministry of Environment, Forest, Climate Change, and Water Resources, held a productive meeting with the Environment Secretaries of Nepal and Bhutan at the Bangladesh Pavilion during the ongoing COP-29 Climate Change Conference, being held...

UNICEF appoints Gargee as new youth advocate in BD

2024-11-22 00:00:00

UNICEF has appointed Gargee Tanushree Paul as a new youth advocate in Bangladesh for the coming two years, reports UNB.During the signing ceremony for her new role, Gargee met with Rana Flowers, UNICEF Representative in Bangladesh, and discussed children's rights...

US vetoes a Gaza cease-fire resolution

2024-11-22 00:00:00

The United States vetoed a U.N. resolution demanding an immediate cease-fire in the Israel-Hamas war in Gaza, with the Americans saying they the resolution Wednesday was not linked to an immediate release of hostages still held by Hamas.Meanwhile in Lebanon,...

Battery-run rickshaw drivers block city roads

FE REPORT | 2024-11-22 00:00:00

Blockade by battery-operated rickshaw drivers caused severe traffic gridlock in different parts of the capital on Thursday, causing immense sufferings for commuters.During the protests, rickshaw drivers engaged in clashes with members of law-enforcement agencies while several vehicles, including that of...

Govt approves procurement of fertiliser, LNG and rice

FE REPORT | 2024-11-22 00:00:00

The government on Thursday approved proposals to buy liquefied natural gas (LNG), fertiliser, and non-aromatic rice to meet growing demand for the items.The Advisers' Council Committee on Government Purchase gave the approval at a meeting at the Bangladesh Secretariat, with...

9 more die of dengue 1,214 new patients hospitalised

2024-11-22 00:00:00

Nine more people have died of dengue while 1,214 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh over the past 24 hours till Thursday morning, reports bdnews24.com.The number of patients hospitalised with the disease this year...

Tk 935m financing awaits final govt approval

JAHIDUL ISLAM | 2024-11-22 00:00:00

A Tk 935-million project to strengthen Bangladesh's entrepreneurial ecosystem by enhancing entrepreneurship-education infrastructure and curricula at universities is awaiting the final nod from the government.With a theme of creative Bangladesh, the project was proposed by the Secondary and Higher Education...

HC scraps six cases against Prof Yunus

FE REPORT | 2024-11-22 00:00:00

The High Court has scrapped the proceedings of six cases, including five filed under Bangladesh Labour Act, against Chief Adviser Professor Dr Muhammad Yunus and others. The High Court bench of Justice AKM Asaduzzaman and Justice Syed Enayet Hossain passed...

ACC again summons 17 BB officials

SAJIBUR RAHMAN | 2024-11-22 00:00:00

The Anti-Corruption Commission (ACC) has again summoned 17 senior officials of the Bangladesh Bank for failing to appear earlier over allegations of corruption, embezzlement, and loan misuse linked to Islami Bank Bangladesh in Chattogram.On Thursday, it issued the summons, which...

Election Commission formed with ex-secy Nasir as CEC

FE DESK | 2024-11-22 00:00:00

Now the process of fresh polls in the post-uprising Bangladesh gets visible as the interim government Thursday formed a five-member new election commission with retired secretary AMM Nasir Uddin as its chief.The newly appointed Chief Election Commissioner expressed his commission's...

'Friendship' with all states: CA

2024-11-22 00:00:00

Amid speculation about the foreign policy of the current interim government, which took over after the Awami League government was toppled in a mass movement, Chief Advisor Muhammad Yunus says he wants to 'nurture friendship' with all other countries, reports...

Khaleda’s first public appearance in six years

2024-11-22 00:00:00

BNP Chairperson Khaleda Zia made her first appearance at the Armed Forces Day reception at Senakunja in 12 years on Thursday, reports UNB.This marks her first public appearance and participation in a state function in six years, since her imprisonment...

Pilferage, waste reduction can help cut fuel prices up to 15pc

FE REPORT | 2024-11-22 00:00:00

Fuel prices can be cut up to 15 per cent by stopping pilferage, adjustment of taxes, ensuring transparency and preventing misappropriation, says a study report.The findings were placed while the Centre for Policy Dialogue (CPD) Thursday proposed an Artificial Neural...

News in Brief -2024-11-22

2024-11-22 00:00:00

Four garment workers die in road accidentSAVAR, Nov 21: Four garment workers died and 30 others were injured when a bus collided head on with a brick laden truck at Dhamrai here on Thursday night. OC of Dhamrai police station...

Govt unveils treatment plan for uprising injured

2024-11-22 00:00:00

Dr Md Sayedur Rahman, Special Assistant to the Ministry of Health and Family Welfare, has said the government will provide free, fast-track medical services for all those injured during the anti-discrimination movement, reports UNB.The initiative, which includes lifetime free treatment...