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Australia posts ‘soft’ growth as economic gloom remains

2024-09-05 00:00:00

SYDNEY, Sept 04 (AFP): Australia's ailing economy recorded another quarter of near moribund growth, with data Wednesday showing second-quarter gross domestic product expanded just 0.2 per cent from the previous three months.The Australian Bureau of Statistics said government spending had...

US antitrust trial targets Google’s digital ad business

2024-09-05 00:00:00

NEW YORK, Sept 04 (Reuters): Alphabet's Google faces trial in a second antitrust case next week where the US Department of Justice will challenge how the search giant monetizes advertising through a system that prosecutors say harms news publishers.The case...

Swedish telecoms company to cut 3,000 jobs

2024-09-05 00:00:00

STOCKHOLM, Sept 04 (AFP): Swedish telecoms operator Telia said Wednesday it will cut 3,000 jobs as part of a cost-cutting drive that aims to generate approximately $250 million in annual savings.The company said the job cuts were part of an...

Saudi-Singaporean ties to strengthen in sustainability

2024-09-05 00:00:00

JEDDAH, Aug 04 (Arab News): Saudi-Singaporean industrial ties are set to strengthen after senior officials from the countries met to explore cooperation in sustainable growth, small and medium enterprises, and advanced manufacturing technology.During his official visit to the Asian island,...

World Bank urges India to boost labour-intensive exports for jobs

2024-09-05 00:00:00

NEW DELHI, Sept 04 (Reuters): India should focus on labour-intensive exports to boost employment, The World Bank (WB) said on Wednesday, noting that the country's manufacturing industry has not fully seized opportunities from China's exit from these sectors."India should also...

EBL opens 38th sub-branch in Sirajganj

2024-09-05 00:00:00

M Khorshed Anowar, Head of Retail and SME Banking of Eastern Bank, inaugurates the 38th sub-branch of the bank at Chandaikona of Sirajganj district on Wednesday. EBL Head of Outstation Istiak Ahmed, other senior officials of the bank, and local...

PUBALI BANK HOLDS ORIENTATION PROGRAMME FOR NEW JUNIOR OFFICERS

2024-09-05 00:00:00

Human Resources Division of Pubali Bank PLC has organised a five-day orientation programme for newly recruited 136 junior officers. The course is designed to familiarise the participants with the concepts, principles, rules, regulations, laws and practices of the bank. Managing...

UCB PLC holds board meeting under new leadership

2024-09-05 00:00:00

The newly formed board of United Commercial Bank PLC (UCB) held its first meeting at its corporate head office on Wednesday. UCB Chairman Sharif Zahir presided over the meeting. Md. Shazzad Hossoin, Vice-Chairman of UCB; Md. Tanvir Khan, Chairman of...

IDLC customers can now pay using bKash

2024-09-05 00:00:00

Customers of IDLC Finance PLC, a leading non-banking financial institution in the country, can now conveniently pay loan instalments, fees and charges for all other services through bKash anytime, anywhere, in a secure and efficient manner, says a press release.IDLC...

Govt to procure 60,000 tonnes of fertiliser, 10,000 tonnes of lentil

FE REPORT | 2024-09-05 00:00:00

The advisory council committee on government purchase at a meeting on Wednesday approved the procurement of fertiliser and lentils to meet local demand for these essential commodities.Finance adviser Dr Salehuddin Ahmed presided over the meeting held at the cabinet division...

Dr Shafiqur made Biman MD & CEO

2024-09-05 00:00:00

Dr Md Shafiqur Rahman has been appointed as the managing director (MD) and chief executive officer (CEO) of Biman Bangladesh Airlines, reports UNB. Biman Board of Directors made the appointment on Wednesday, according to a press release.Dr Rahman, a former...

DCCI urges NBR to simplify tax structure for CMSMEs

2024-09-05 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) on Wednesday called on the National Board of Revenue (NBR) to streamline the tax structure in order to create a more supportive environment for Cottage, Micro, Small, and Medium Enterprises (CMSMEs).The trade...

Cut cargo fares, allocate more space for fresh produce

FE REPORT | 2024-09-05 00:00:00

Local exporters have requested the government to rationalise cargo fares and allocate more cargo space for exporting fresh vegetables and fruits, aiming to boost earnings from the sector.The Bangladesh Fruits, Vegetables & Allied Products Exporters Association (BFVAPEA) has recently written...

Tiafoe, Fritz, Navarro boost home hopes of US Open title sweep

2024-09-05 00:00:00

NEW YORK, Sept 04 (AFP): Frances Tiafoe and Taylor Fritz set up an all-American US Open semi-final on Tuesday as compatriot Emma Navarro reached the women's last four to boost home hopes of a title sweep.The 20th seed Tiafoe progressed...

Australia's Xavier Bartlett bowls the ball

2024-09-05 00:00:00

Australia's Xavier Bartlett bowls the ball during the first Twenty20 International cricket match between Scotland and Australia at the Grange Cricket Club in Edinburgh, Scotland on Wednesday — AFP

Belgium's Youri Tielemans (C) practices during a training session

2024-09-05 00:00:00

Belgium's Youri Tielemans (C) practices during a training session of the Belgian national football team Red Devils as part of the team's preparation for the upcoming UEFA Nations League match at the Royal Belgian Football Association's training centre in Tubize...

Hasan, Nahid's breakthrough signals a new era for BD cricket

2024-09-05 00:00:00

Bangladesh's new generation pace duo, Hasan Mahmud and Nahid Rana, impressed with their bowling in the recently concluded Test series against Pakistan, where they led from the front and proved their inclusion made a significant difference, reports UNB.Bangladesh has traditionally...

Naimur Rahman resigns from BCB

2024-09-05 00:00:00

Naimur Rahman, popularly known as Durjoy has tendered his resignation as board director of the Bangladesh Cricket Board (BCB), citing personal reasons, reports BSS."I have resigned from the BCB due to personal reasons. I sent my resignation letter to the...

McCullum can work magic with England's white-ball teams: Pope

2024-09-05 00:00:00

LONDON, Sept 04 (AFP): Stand-in Test captain Ollie Pope said Brendon McCullum can transform the fortunes of England's limited-overs teams in the same way he has reinvigorated the red-ball side.England cricket chiefs on Tuesday announced the New Zealander would take...

Bangladesh to play Bhutan in first of two-match series today

2024-09-05 00:00:00

The Bangladesh National Football team will play hosts Bhutan in the first match of the two-match FIFA International Friendlies Series today (Thursday), reports UNB.The match will kick-off at 6:00 pm local time at the Changlimithang Stadium in Thimphu.The second and...

'Embarrassing' Pakistan cricket hits rock bottom with Bangladesh defeats

2024-09-05 00:00:00

KARACHI, Sept 04 (AFP): Pakistan cricket was reeling Wednesday after its first-ever Test defeats against Bangladesh, the latest in a string of poor performances which have seen the game hit rock bottom.The cricket-mad nation was left in despair after losing...

Major Gulf markets ease on weak oil prices, global growth concerns

2024-09-05 00:00:00

Major stock markets in the Gulf fell in early trade on Wednesday amid weak oil prices and as worries about the global growth outlook drove investors away from risky assets, reports Reuters.US manufacturing contracted at a moderate pace in August...

Foreigners retreat from Asian equities on doubt over tech valuations

2024-09-05 00:00:00

Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI investments, reports Reuters.According to LSEG data, foreigners sold a net $3.8 billion worth of...

How European countries are reforming pensions to tackle rising costs, worker shortages

2024-09-05 00:00:00

BERLIN, Sept 4 (Reuters): German measures to incentivize workers to retire later come as governments across Europe are turning to pension reforms to address worker shortages and ease the burden on their pension systems.Here is what other European countries are...

India’s services sector growth accelerates to 5-month high

2024-09-05 00:00:00

BENGALURU, Sept 04 (Reuters): Activity in India's dominant services sector rose at its fastest pace in five months in August as demand remained resilient amid easing inflationary pressures, a survey showed.The HSBC final India Services Purchasing Managers' Index, compiled by...

Toyota, Maruti launch marketing drive for hybrids in key Indian state

2024-09-05 00:00:00

LUCKNOW (India), Sept 04 (Reuters): From Instagram ads to telesales, Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in the most populous Indian state of Uttar Pradesh, aiming to cash in on tax...

Intel manufacturing business suffers setback as Broadcom tests disappoint

2024-09-05 00:00:00

NEW YORK, Sept 04 (Reuters): Intel's contract manufacturing business has suffered a setback after tests with chipmaker Broadcom failed, three sources familiar with the matter told Reuters, dealing a blow to the company's turnaround efforts.The tests conducted by Broadcom involved...

'Fry Bucket' opens outlet at Aftabnagar

2024-09-05 00:00:00

Popular Fast Food chain brand 'Fry Bucket' has launched an outlet at Aftabnagar in Dhaka recently. Animesh Saha, Deputy Managing Director of Fry Bucket, inaugurated the outlet near the East West University. Anisul Islam, Head of Marketing of Fry Bucket,...

Takaful hands over fire insurance claim cheque

2024-09-05 00:00:00

Abul Kalam Azad, Chief Executive Officer of Takaful Islami Insurance Limited, handed over a cheque for Tk 42,86,768 to Md Zillur Rahman Khan, Proprietor & Managing Director of Shugandha Feed Mills Ltd, a client of the IBBL, Barishal Branch, against...

Asset Developments & Holdings Contributes to Chief Adviser's Relief Fund for Flood Victims

2024-09-05 00:00:00

Asset Developments & Holdings Ltd, a leading builder and developer company in Bangladesh, has donated Tk 2.0 million to the Chief Adviser's Relief and Welfare Fund for flood victims. The amount includes voluntary contribution of one day's salary from its...