FE Today Logo

Search results for:


Forest fires edge closer to Athens

2024-08-30 00:00:00

ATHENS, Aug 29 (AFP): With the smell still lingering in its suburbs after Greece's worst wildfire this year, floods and pollution now threaten Athens, experts say.Thousands were forced to flee their homes as the massive blaze raged out of control...

Russia faces 'difficult fight' to retake Ukraine-held area

2024-08-30 00:00:00

MOSCOW, Aug 29 (Reuters): Russian President Vladimir Putin will mount a counteroffensive to try to retake territory in the Kursk region captured by Ukrainian troops, but Russian forces will encounter "a difficult fight," Deputy CIA Director David Cohen said on...

Kamala campaign hires Egyptian American lawyer

2024-08-30 00:00:00

MARYLAND, Aug 29 (Reuters): Kamala Harris' campaign for US president has hired an Egyptian American lawyer and former Department of Homeland Security official to help lead outreach to Arab American voters who hold sway in some states that could help...

China, US will plan Biden-Xi call in coming weeks

2024-08-30 00:00:00

BEIJING, Aug 29 (AP): Beijing and Washington will plan for a phone call in the coming weeks between Chinese President Xi Jinping and U.S. President Joe Biden, the White House said Wednesday after National Security Adviser Jake Sullivan met Chinese...

Guterres urges Israel to stop W Bank raids

2024-08-30 00:00:00

NEW YORK, Aug 29 (BBC/AFP): The head of the UN, Antonio Guterres, urges Israel to stop its operation in the West Bank, saying it is "fuelling an already explosive situation".Israel began what it called a "counter-terrorism operation" in four areas...

Plight of street children

2024-08-30 00:00:00

Although various local and international organisations are vocal about the rights of the children, the plight of street children paints a starkly different reality. They face unimaginable hardships as they are denied of basic necessities like food, shelter and education....

Review cancelled HSC exams

2024-08-30 00:00:00

The recent decision in favour of cancellation of the postponed Higher Secondary Certificate (HSC) examination, following demands from a segment of students in the capital, raises significant concerns. This examination was crucial for 1.4 million students, and it is perplexing...

The strength of united Bangladesh

Shiabur Rahman | 2024-08-30 00:00:00

Several south-eastern districts of Bangladesh witnessed record flooding this month due to heavy monsoon rains in the area together with the northeast Indian states of Tripura, Assam and Meghalaya and the subsequent opening of the gates of hydropower plants, barrages...

Attacks on factories & industries unfold a grim spectre

Nilratan Halder | 2024-08-30 00:00:00

At a time students and people of various walks of life are battling elements to reach flood victims with a single-minded mission of rescuing and providing them with food and other relief goods, there are elements who are setting factories...

Economy expected to turn around despite strains

2024-08-30 00:00:00

The uncertainty prevailing across multiple sectors of the country, particularly the economic sector, has become one of the most pressing concerns in the wake of the recent political transition. Financial irregularities, including monstrous misconduct in the banking industry, have compounded...

Perspectives of state reforms and the pathways

Golam Rasul | 2024-08-30 00:00:00

An Interim Government led by Professor Muhammad Yunus was formed on August 8, 2024, following the overthrow of Sheikh Hasina’s government by a student-led popular uprising. Although interim governments are not new in Bangladesh, the current government is different from...

Nasdaq seeks SEC approval for bitcoin index options

2024-08-29 00:00:00

Nasdaq is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday, reports Reuters.The US Securities and Exchange commission has yet to approve options based on any of the...

Adani Enterprises' debut public bond sale to see strong demand, bankers say

2024-08-29 00:00:00

MUMBAI, Aug 28 (Reuters): The maiden public issue of bonds by India's Adani Enterprises is expected to witness strong demand as yields are attractive, four merchant bankers said on Wednesday.The company plans to raise up to 8 billion rupees ($95.3...

Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh

2024-08-29 00:00:00

MUMBAI, Aug 28 (Reuters): Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite,...

US 30-year mortgage rate falls

2024-08-29 00:00:00

WASHINGTON, Aug 28 (Reuters): The interest rate for the most popular US home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing costs next month to...

UK’s Islamic banking assets surge 26pc to $8.2b in 2023

2024-08-29 00:00:00

RIYADH, Aug 28 (Arab News): Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking. Fitch Ratings, in its latest report, expects...

Syngenta donates rice seeds to flood-affected farmers

2024-08-29 00:00:00

In response to the current devastating floods impacting the agricultural community, Syngenta Bangladesh has donated rice seeds to support affected farmers in collaboration with the Department of Agricultural Extension (DAE) on Wednesday. Syngenta officials formally handed over the seeds to...

NRBC Bank provides relief assistance to 10,000 flood-HIT families

2024-08-29 00:00:00

NRBC Bank has provided relief assistance to 10,000 flood-affected families in Feni, Lakshmipur, Comilla, and Noakhali. Mineral Water, medicine, dry food, candles, gas lighters, and cash have been provided as assistance. On behalf of NRBC Bank, Director and Chairman of...

Silicon Valley wish-list for Harris-abortion rights, pro-tech policies

2024-08-29 00:00:00

SAN FRANCISCO, Aug 28 (Reuters): Venture capitalists pledging support for Kamala Harris' White House campaign listed priorities in a survey released on Wednesday that include women's reproductive rights, climate change and a friendlier stance toward startups.Of about 800 venture capitalists...

PHP family stands by flood victims

FE DESK | 2024-08-29 00:00:00

Housewife Taslima Akhter is a resident at the house of Nurul Haque Majhi under Gopal Union of Feni's Chhagalnaiya Upazila. Water started entering the home on August 22.Within a few hours, the water rose above four feet. Taslima took her...

Chinese co to invest $5.36m in BEPZA EZ

2024-08-29 00:00:00

DC Industry (Bangla-desh), a Chinese company, will invest US$ 5.36 million to set up a "Bag & Wallet" manufacturing plant in BEPZA Economic Zone (BEPZA EZ) at Mirsharai, Chattogram, reports BSS.This foreign-owned company will produce 2.5 million pcs of handbags,...

Billionaire investor Buffett offloads Bank of America shares worth $982m in latest sale

2024-08-29 00:00:00

Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest US lender, reports Reuters.Berkshire has...

PUBALI BANK HOLDS BUSINESS CONFERENCE-2024 OF BOGURA REGION

2024-08-29 00:00:00

Pubali Bank 2nd Business Conference-2024 of operation managers', sub-branch managers', and islamic banking window managers' of Bogura region was held recently. Mohammad Ali, managing director and chief executive officer of the bank, was present as the chief guest at the...

NCC BANK DONATES TK 20M TO CHIEF ADVISER'S RELIEF FUND

2024-08-29 00:00:00

National Credit and Commerce (NCC) Bank on Wednesday donated Tk 20 million to the chief adviser's relief fund for the flood-affected people of Bangladesh as a part of its Corporate Social Responsibility. Md. Monirul Alam, a deputy managing director, and...

Southeast Bank's donation for flood victims

2024-08-29 00:00:00

Southeast Bank donated Tk 20 million to the 'Chief Adviser's Relief and Welfare Fund' for relief and rehabilitation of flood victims. Also, from the bank's CSR fund, various food items worth Tk 10 million were distributed to the flood victims...

Hami Industries' status will not change despite dividend payout

FE REPORT | 2024-08-29 00:00:00

An ill attempt by Hami Industries to upgrade its status by disbursing nominal dividends has been foiled. The statutory auditor found that the interim dividends declared and disbursed by Hami Industries were not supported by quarterly profits. The company experienced...

Sonali Paper's Covid-resilient business strategy boomerangs

FE REPORT | 2024-08-29 00:00:00

The loss of Sonali Paper & Board Mills escalated by 4.8 times year-on-year to Tk 118 million in January-March this year, thanks to unrealised losses from stock market investments.As a result, the company reported a loss of Tk 3.6 per...

Regulator frees all but Beximco, Islami Bank of price restrictions

FE REPORT | 2024-08-29 00:00:00

The securities regulator on Wednesday removed all price restrictions from all but two stocks -- Beximco and Islami Bank Bangladesh.It changed the lower circuit breaker back to 10 per cent from 3 per cent, allowing correction of all stocks up...

US cos return to currency options to hedge election

2024-08-29 00:00:00

NEW YORK, Aug 28 (Reuters): US corporations are turning to foreign exchange options again to protect their cash flow as they fear the US presidential election and diverging central bank interest-rate policies could spark a period of currency volatility, bankers...

US core capital goods orders dip in July

2024-08-29 00:00:00

WASHINGTON, Aug 28 (Reuters): New orders for key US-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending on equipment that extended into the early part...