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China envoy, Myanmar junta chief meet on border clashes

2024-08-10 00:00:00

YANGON, Aug 09 (AFP): China's special envoy met Myanmar's junta chief for talks on "peace and stability" along their shared border, Myanmar state media reported Friday, days after ethnic rebels seized a regional military command.Myanmar's northern Shan state has been...

France urges Kosovo to stop 'actions' irking Serbs

2024-08-10 00:00:00

PARIS, Aug 09 (Arab News): France on Friday urged the Kosovo authorities to end "unilateral actions" that could contribute to increasing tensions with Serbs.Kosovo Prime Minister Albin Kurti has called for the opening of a flashpoint bridge, prompting protests, and...

Harris, Biden to hit trail for first time since switch-up

2024-08-10 00:00:00

REHOBOTH BEACH (United States), Aug 09 (AFP/Reuters): Kamala Harris and Joe Biden will next week make their first joint campaign trip since the US president's shock decision to drop out of the 2024 White House race against Donald Trump.Seeking to...

Israeli airstrikes kill 40 Palestinians in Gaza amid fears of wider war

2024-08-10 00:00:00

GAZA, Aug 09 (Agencies): Israeli forces stepped up airstrikes across the Gaza Strip on Thursday, killing at least 40 people, Palestinian medics said, in further battle with Hamas-led militants as Israel braced for potential wider war in the region.Israeli airstrikes...

The cost of illegal migration

2024-08-10 00:00:00

While there are established rules and procedures for legal immigration, some individuals opt to cross dangerous routes to enter developed countries without adhering to these regulations, in the hope of securing a better life. This is a legally punishable offence....

Making medicines affordable

2024-08-10 00:00:00

It is frustrating that, amidst serious financial hardships faced by ordinary people due to the skyrocketing prices of essential commodities, drug companies are arbitrarily raising prices of life-saving drugs. This is like adding insult to injury when consumers are paying...

Legacy of local government in Dhaka

Tanim Asjad | 2024-08-10 00:00:00

One of the key events in the history of Dhaka is the beginning of the local government system, and this year marks 160 years of Dhaka Municipality, which is now Dhaka City Corporation in two separate units - North and...

A much maligned electricity and energy provision must be repealed

Syed Mansur Hashim | 2024-08-10 00:00:00

The Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010 came into force when the country was facing severe crisis of electricity. The newly-elected government back then had to cut through the red-tape of the complicated process of...

Overhauling banking sector

2024-08-10 00:00:00

The banking sector of the country has been in a difficult situation for a long time, primarily due to an ever increasing volume of classified loans. By the end of March this calendar year, for instance, the total loan disbursed...

Unlocking hidden potential of students for prosperity

M Rokonuzzaman | 2024-08-10 00:00:00

Although there has been growing enrollment in the education system, the country has a feeble capacity to create wealth from the hidden potential of students. It's worth noting that to drive prosperity by unlocking the latent potential of the students,...

Abu Sayed is in the hearts of all

2024-08-09 12:00:00

In his first speech after arrival in Dhaka, Nobel Laureate Prof Muhammad Yunus on Thursday recalled Begum Rokeya University Student Abu Sayed and said he would remain in the hearts of all in Bangladesh forever, reports UNB. "…Abu Sayed's image...

India's consumer goods sales hit over one-year low

2024-08-09 00:00:00

NEW DELHI, Aug 08 (Reuters): Indian consumer products' sales slowed sharply to a more-than-one-year low from April to June due to softening demand for personal care products and packaged wheat flour, especially in urban areas, market researcher NielsenIQ said on...

Lilly lifts annual sales forecast by $3b

2024-08-09 00:00:00

NEW YORK, Aug 08 (Reuters): Eli Lilly raised its annual sales forecast by $3 billion on Thursday, driven by surging demand and ramped up manufacturing capacity for its popular weight-loss drug Zepbound, lifting its shares more than 10 per cent...

Siemens profits up on software, infrastructure businesses

2024-08-09 00:00:00

FRANKFURT, Aug 08 (AFP): Germany industrial giant Siemens said Thursday its profits rose sharply in the third quarter due to a strong performance from its software and infrastructure businesses, and confirmed its full-year outlook.From April to June, net profit came...

Shopify beats revenue estimates on AI boost

2024-08-09 00:00:00

TORENTO, Aug 08 (Reuters): Shopify beat analysts' estimates for second-quarter revenue and forecast an upbeat current quarter as its e-commerce services attracted more merchants following the launch of AI-enabled tools, sending its US shares up 17 per cent before the...

China auto market hits milestone as EVs, hybrids make up half of July sales

2024-08-09 00:00:00

BEIJING, Aug 08 (Reuters): Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or plug-in hybrids, industry data showed, a milestone that underscores how far the world's biggest auto market has leapt ahead...

Kakao founder indicted for stock manipulation

2024-08-09 00:00:00

SEOUL, Aug 8 (AFP): The billionaire founder of South Korean internet conglomerate Kakao was indicted on Thursday for stock manipulation in his pursuit of buying K-pop powerhouse SM Entertainment.Kim Beom-su has been held since his arrest last month, accused of...

Gulf bourses end mixed on regional tensions, US data

2024-08-09 00:00:00

Stock markets in the Gulf ended mixed on Thursday, with most posting weekly losses amid geopolitical tensions in the Middle East and traders awaiting economic data for insights into the US Federal Reserve's policy path, reports Reuters.The killing of senior...

Tech stocks await AI's real reckoning

2024-08-09 00:00:00

NEW YORK, Aug 8 (Reuters Breakingviews): The artificial intelligence boom was big on the way up, and it has already been big on the way down. A selloff in technology stocks wiped around $3 trillion of paper wealth from the...

Slumping US tech stocks tempt some buyers to brave rocky market

2024-08-09 00:00:00

NEW YORK, Aug 8 (Reuters): Investors are tiptoeing back into shares of US tech stocks following a sharp tumble, even as some still-elevated valuations threaten to punish dip buyers if markets stumble again.After a searing rally this year, the tech-heavy...

Ethiopia's securities exchange to start operations in October

2024-08-09 00:00:00

ADDIS ABABA, Aug 8 (Reuters): Ethiopia's securities exchange is expected to start operations in October, its chief executive was quoted as saying by state-affiliated media on Thursday.The establishment of a bourse is part of Prime Minister Abiy Ahmed's push to...

Investors feel the pinch of thriftier consumers on company profits

2024-08-09 00:00:00

MILAN, Aug 8 (Reuters): Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power.Profit warnings in sectors ranging from luxury to...

BSEC slams fines above Tk 261m on individuals, institutions

FE REPORT | 2024-08-09 00:00:00

The stock market regulator has slammed a fine worth Tk 100,000 on Snigdha Equities for violating three margin related rules.The Bangladesh Securities and Exchange Commission (BSEC) made the regulatory decision public for July this year through its website on Thursday.It...

Buoyed investors drive stocks up 306pts, highest in more than a decade

FE REPORT | 2024-08-09 00:00:00

The prime index of the Dhaka Stock Exchange (DSEX) climbed a whopping 306 points on Thursday, the biggest single-day jump since the introduction of the new index in January 2013, as more and more investors joined the rally with high...

SL raise security concerns about England Tests due to UK riots

2024-08-09 00:00:00

The Sri Lanka men's team has raised concerns about the security situation in England in light of the anti-immigrant riots that have erupted in various cities. The England and Wales Cricket Board (ECB) has responded by reassuring Sri Lanka Cricket...

BCB arranges food for 'traffic police' students

2024-08-09 00:00:00

The Bangladesh Cricket Board (BCB) has arranged food for the students working who are controlling traffic in the road around Mirpur Sher-e-Bangla National Cricket Stadium in the city on Thursday, reports BSS. A total of 250 food packets were distributed...

Success in cricket can make everyone happy, says A Team captain Anamul

2024-08-09 00:00:00

Anamul Haque Bijoy, who was appointed as the captain of Bangladesh A team for two four-day matches against Pakistan A said that the tour will be beneficial for the preparation of the national team which also gears up for Test...

Leonardo clinches first gold for Indonesia

2024-08-09 00:00:00

LE BOURGET, France, Aug 08 (Agencies): Veddriq Leonardo struck gold in the inaugural men's speed climbing event on Thursday to give Indonesia their first Olympic title in a sport other than badminton at the Paris Games.The 27-year-old defeated China's Wu...

Sesame farming goes on in full swing in Manikganj

2024-08-09 00:00:00

MANIKGANJ, Aug 08 (BSS): The harvesting of sesame is going on in full swing in all the seven upazilas of the district with a bumper production, the Department of Agricultural Extension (DAE) sources said.DAE office sources said they had set...

Students discharging traffic control duty on Rajshahi roads

2024-08-09 00:00:00

RAJSHAHI, Aug 08 (BSS): The students in general are seen discharging duties as traffic police in most of the important points and crossings of the roads and highways in the city aimed at restoring disciplines.At different locations, particularly, bus terminal,...