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GP leads weekly turnover chart after two years

FE REPORT | 2024-08-17 00:00:00

Grameenphone, the largest stock in terms of market capitalisation, topped the weekly turnover chart of Dhaka Stock Exchange (DSE) this week for the first time in two years, as buoyant investors poured fresh funds into the market amid renewed optimism.This...

Market stumbles amid profit-booking pressure

FE REPORT | 2024-08-17 00:00:00

Stocks slipped back into the red this week after a huge jump the previous week, as risk-averse investors chose to lock in profits on quick-gaining shares.The correction was due to profit taking on stocks that saw irrational price appreciation the...

The digital divide

IG Chowdhury | 2024-08-17 00:00:00

Being digital is the norm of life today. It is efficient and fast. There are many steps on the digital ladder of using the services. The step is related to the ability of a user in terms of digital savviness....

An autumn not for celebration

Nilratan Halder | 2024-08-17 00:00:00

Sharate aaj kon othithi elo praner dware Ananda gan ga re hridoy ananda gan ga reThis is how Rabindranath celebrates the arrival of the Sharat or Autumn. In the United States, known as the Fall, it is the most favorite...

Poland to bid for Summer Olympics in 2040 or 2044

2024-08-17 00:00:00

WARSAW, Aug 16 (AFP): Polish Prime Minister Donald Tusk announced on Friday that Poland would officially bid to host the Olympic Games in 2040 or 2044."I dedicate this decision to the 10, 12 and 15-year-olds of today. Poland will officially...

Leicester striker Daka out for a 'few months' with ankle injury

2024-08-17 00:00:00

LONDON, Aug 16 (AFP): Leicester striker Patson Daka has been ruled out for a "few months" with an ankle injury, new Foxes manager Steve Cooper said Friday.Zambia international Saka suffered the setback during Leicester's final pre-season friendly with Lens and...

Ipswich sign Phillips on loan from Man City

2024-08-17 00:00:00

LONDON, Aug 16 (AFP): Premier League new boys Ipswich signed Manchester City midfielder Kalvin Phillips on a season-long loan on Friday.Phillips has endured a difficult time with Premier League champions City and the move to Ipswich marks the latest attempt...

Barcelona's Spanish forward Lamine Yamal (R) takes part in a training session

2024-08-17 00:00:00

Barcelona's Spanish forward Lamine Yamal (R) takes part in a training session ahead of the Spanish league football match between Valencia CF and FC Barcelona, at the Estadi Olimpic Lluis Companys in Barcelona on Friday — AFP

Zimbabwe express interest in hosting Women's T20 World Cup 2024

2024-08-17 00:00:00

Zimbabwe have emerged as one of two options being considered to host the Women's T20 World Cup this year, reports espncricinfo.com. The tournament, which is due to start on October 3 and was scheduled for Bangladesh, is likely to be...

Taiwan leader praises Olympic boxing champion in gender row

2024-08-17 00:00:00

TAIPEI, Aug 16 (AFP): Taiwan's president praised Olympic boxing gold medallist Lin Yu-ting on Friday for showing "grace" despite attacks on her gender, as he hosted a party for the island's Olympians.Competing under the name Chinese Taipei, Taiwanese athletes brought...

BCB president Papon reportedly agreed to resign

2024-08-17 00:00:00

The change in government following the resignation of Sheikh Hasina has brought about a wave of changes in every sector of Bangladesh, including the Bangladesh Cricket Board (BCB). Nazmul Hassan Papon, the current President of the BCB, has expressed his...

Shakib playing positive role in getting BD focused on cricket despite turmoil

2024-08-17 00:00:00

ISLAMABAD, Aug 15 (AP): Bangladesh spin bowling coach Mushtaq Ahmed said the senior cricketers, including former lawmaker Shakib Al Hasan, are helping the team to focus on the Test series against Pakistan after political turmoil at home disrupted preparations."All the...

Wheat loses overnight rally

2024-08-17 00:00:00

Chicago Board of Trade wheat futures ended lower on Thursday as cheap Black Sea exports kept weighing on the market, which had risen overnight on a rally sparked by a Russian attack on Ukrainian port infrastructure, reports Reuters.Chicago soybean futures...

Gold pares gains as dollar, bond yields climb after strong US data

2024-08-17 00:00:00

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve, reports Reuters.Spot gold was up 0.3 per cent at...

Oil prices fall more than $2, set for weekly decline on China worries

2024-08-17 00:00:00

Oil prices fell by more than $2 on Friday and were on track for a weekly decline, with Brent slipping below $80 a barrel after a string of dismal indicators for July from China overshadowed geopolitical risks, reports Reuters.Brent crude...

A unique IT instructor

2024-08-17 00:00:00

Many instructors have contributed to the expansion of IT education in our country, with some even offering free classes to various groups. IT plays a crucial role in the development of our nation, as it is being increasingly utilised across...

Schools must address students' learning loss

2024-08-17 00:00:00

The reopening of primary schools across the country after nearly a month of closure marks a crucial step towards resuming normalcy in our education system. Following the indefinite closure of government primary schools and related educational institutions on July 17...

Restricting student politics for now

Tanim Asjad | 2024-08-17 00:00:00

After the fall of Sheikh Hasina's authoritarian regime last week, the demand for broad-based reforms in various sectors has become vociferous. The interim government is, however, not in a position to fulfil all such demands within a short period, as...

It’s time to form an energy audit commission

Syed Mansur Hashim | 2024-08-17 00:00:00

Despite having built up an over-capacity of power generation in the energy sector), the past government did little to ensure a cheap and reliable supply chain of primary energy, over which it would have total control. That is the irony...

Rendering anti-graft bodies effective

2024-08-17 00:00:00

The failures of the Anti-Corruption Commission (ACC), the government agency created two decades back to combat graft, to deliver the goods are legendary. Also, the records of similar other bodies like the Bangladesh Financial Intelligence Unit (BFIU), the Criminal Investigation...

Circular economy for sustainable business with ecological harmony

Md Abdul Latif | 2024-08-17 00:00:00

The traditional linear business model, with its extractive philosophy, "take, make, dispose" prioritises short-term profits over sustainability. This leads to cheap, disposable products that generate excessive waste, depleting resources and harming the environment. Resource extraction, production, transportation, and disposal all...

Embarking on a journey to create a brave new world

Helal Uddin Ahmed | 2024-08-16 12:00:00

The chief adviser of the interim caretaker government of Bangladesh and pioneer of micro-credit cum social business programmes across the globe – Professor Muhammad Yunus was awarded the Nobel Peace Prize in 2006. Micro-credit programmes offer an alternative strategy for...

UBS puts $2b Credit Suisse real estate fund into liquidation

2024-08-16 00:00:00

ZURICH, Aug 15 (Reuters): UBS has put a real estate fund of its former competitor Credit Suisse worth over $2 billion into an "orderly liquidation" as of Thursday, the Swiss bank said.The Credit Suisse Real Estate Fund International's total net...

Abu Dhabi Global Market records 31pc surge

2024-08-16 00:00:00

RIYADH, Aug 15 (Arab News): The number of operational entities in the Abu Dhabi Global Market rose to 2,088 in the first half of 2024, reflecting a 31 per cent surge compared to the same period in 2023.During the first...

Toyota bets big on hybrid-only models as EV demand slows

2024-08-16 00:00:00

TEXAS, Aug 15 (Reuters): Toyota may be one of the slowest legacy automakers to develop electric vehicles but it could be the first to jettison cars powered only by gasoline.Almost three decades after launching the Prius, its pioneering gasoline-electric hybrid,...

UK economy continues recovery with 0.6pc growth

2024-08-16 00:00:00

LONDON, Aug 15 (BBC): The UK's economy grew by 0.6 per cent between April and June as it continued its recovery from the recession at the end of last year.The latest figure was in line with forecasts and follows a...

Google brings AI answers in search to new countries

2024-08-16 00:00:00

SAN FRANCISCO, Aug 15 (Reuters): Google parent Alphabet said on Thursday it was expanding its AI-generated summaries for search queries to six new countries, just two months after it rolled back some capabilities following a problem-riddled launch.The search giant made...

China’s factory output slows, dashing speedy recovery hopes

2024-08-16 00:00:00

BEIJING, Aug 15 (Reuters): China's factory output slowed for a third straight month in July, showing the recovery in the world's second-largest economy was losing steam, although the battered consumer sector perked up slightly as stimulus targeting households took effect.A...

Shares of Trump's media firm near record low following his return to X

2024-08-16 00:00:00

Shares of former US President Donald Trump's media company dipped and neared record lows on Wednesday, following weak quarterly results and the Republican presidential candidate's return to social media platform X, reports Reuters.Trump's dwindling lead in polls and election betting...

Summer market shock not quite over as investors brace for more turmoil

2024-08-16 00:00:00

LONDON, Aug 15 (Reuters): Big investors are bracing for this summer's stock market rout to run into the autumn, fearing a broader wave of selling will follow the turmoil sparked by US recession concerns and the Bank of Japan wrong-footing...