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Gaza cease-fire holds as sides weigh gains

2014-08-27 00:00:00

An open-ended cease-fire between Israel and Palestinian militants in the Gaza Strip was holding Wednesday, as many people on both sides of the conflict wondered what was gained during 50 days of fighting.  The Gaza war — the 3rd round...

Freed journalist Curtis back in the US

2014-08-27 00:00:00

After almost two years in captivity, Peter Theo Curtis is finally home. The American writer flew Tuesday from Tel Aviv, Israel, to the United States -- stopping first in Newark, New Jersey, before reuniting with his mother in Boston, his...

More rain forecast: No respite from floods

2014-08-27 00:00:00

Flood situation in north and north-western regions of Bangladesh will remain static for the next 48 hours (three days), the Flood Forecasting and Warning Centre (FFWC) said today. It said the floodwaters might start receding after two days. ‘The flood...

Government-held Ukraine town hit by rebel shells

2014-08-27 00:00:00

A town in east Ukraine came under shellfire by pro-Russian rebels on Wednesday, amid fears that they are launching a counter-offensive on government-held parts of the region. In response to outgoing fire early Wednesday, rebel forces lobbed at least 10...

Afghan candidate pulls out of election audit

2014-08-27 00:00:00

A spokesman for Afghan presidential candidate Abdullah Abdullah says he has pulled his observers from an audit of the country's disputed election over concerns of widespread fraud. Fazel Sancharaki said Wednesday that the process was ‘full of fraud.’ Liam McDowall,...

Stocks inch up, turnover falls sharply

FE Online Report | 2014-08-27 00:00:00

Stocks inched up on Wednesday for the third straight session amid volatility with turnover fell drastically as investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,599.46 points, gaining 8.81points or 0.19 per...

Turkish party to confirm Erdogan\\\'s successor

2014-08-27 00:00:00

Turkey's ruling party convened on Wednesday to confirm Foreign Minister Ahmet Davutoglu as its new chairman and prime minister-designate, to replace Recep Tayyip Erdogan as he becomes president - a position he has pledged to transform from a ceremonial post...

Dhaka-Sirajganj train services resume

2014-08-27 00:00:00

Train movement on Dhaka-Sirajganj route resumed after suspension for more than half-an-hour following a train derailment near Raipur Railway Station in Sirajganj Sadar Upazila on Wednesday. Sources at the railway station said the engine of Dhaka-bound train ‘Sirajganj Express’ from...

2nd BD Investment Summit Sept 4 in Singapore

2014-08-27 00:00:00

Standard Chartered Bank Bangladesh and The City Bank Limited Wednesday announced the 2nd Bangladesh Investment Summit, Asia will be held on September 4 in Singapore. This summit will be organised by FianaceAsia in association with AsianInvestor and Standard Chartered Bank...

IMF chief Lagarde under investigation in France

2014-08-27 00:00:00

IMF chief Christine Lagarde says she is under official investigation for negligence in a French corruption probe that dates back to her days as finance minister. In a statement Wednesday after a fourth round of questioning before magistrates, Lagarde said...

Court sends Sylhet JCD men to jail

2014-08-27 00:00:00

A Sylhet court has sent three activists of Jatiyatabadi Chhatra Dal (JCD) to jail rejecting their prayers for bail in a case over death of an auto-rickshaw driver. Judge of Sylhet Metropolitan Magistrate Court-3 Anwarul Haque passed the order when...

UCB inks deal with Protective Islami Life Ins

2014-08-27 00:00:00

United Commercial Bank Limited (UCB) signed an agreement with Protective Islami Life Insurance Limited Wednesday at the Corporate Head Office of the bank. As per the agreement, Protective Islami Life Insurance Limited will be Group Term Insurance Coverage service provider...

BD wants duty-free access to D8 nations

2014-08-27 00:00:00

Bangladesh has called for duty and quota free access of its products to the D8 (developing eight) countries. Commerce Minister Tofail Ahmed raised the demand during a meeting with the visiting high-powered D8 delegation led by its Secretary General Seyed...

Venezuela battles obesity amid dearth of good food

2014-08-27 00:00:00

Venezuela's socialist government is sounding the alarm about growing waistlines in a country where record food shortages are making it harder to put healthy meals on the table, prompting many people to fill up on empty calories. Authorities launched a...

Pakistan minister urges opposition to ease demands

2014-08-27 00:00:00

A Cabinet minister has urged Pakistan's two key opposition figures leading mass rallies outside parliament to back off their demand for the prime minister's resignation in ongoing talks with the government. Railways Minister Saad Rafiq says the two opposition leaders...

Deal planned for travelling to India by waterway: Muhith

2014-08-27 00:00:00

Bangladesh will sign a deal with India to introduce waterway travel between the countries, finance minister AMA Muhith has said. "The Cabinet Committee for Tourism Affairs has agreed on it. The treaty will be signed once the prime minister approves...

Crimes against humanity spread in Syria

2014-08-27 00:00:00

An independent UN commission said Wednesday that the Syrian government has likely used chlorine gas to attack civilians and that the Islamic State group committed crimes against humanity with attacks on civilians in two cities in the country's north and...

5 more RAB men arrested for N\\\'ganj 7 murders

2014-08-27 00:00:00

Five more RAB personnel have been arrested in connection with Narayanganj 7 murders. They are Habildar Emdadul Haque, Radio Operator Arif Hossain, Lance Nayek Md Hira Miah, Lance Nayek Md Jalal and Sepoy Abu Taiyab. All of them served at...

Burger King plans expansion of Tim Hortons

2014-08-27 00:00:00

The fight for the coffee and breakfast crowd is heating up, both at home and abroad. Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain. The...

Bulgarian poet Valeri Petrov dies

2014-08-27 00:00:00

Valeri Petrov, Bulgaria's most prominent contemporary poet and a former Nobel Prize nominee who translated the complete works of Shakespeare, has died at age 94. Petrov's family said he died Wednesday in a Sofia hospital following a stroke. Valeri Nissim...

Balfour Beatty ups value of PPP portfolio after review

2014-08-27 00:00:00

British building group Balfour Beatty (BALF.L) said the value of its public-private partnership portfolio had increased by 46 per cent to 1.05 billion pounds following a review.  The company, fresh from snubbing a merger proposal from rival construction firm Carillion...

Boxer Jermain Taylor arrested after home shooting

2014-08-27 00:00:00

Former middleweight boxing champion Jermain Taylor was arrested Friday following a shooting at his suburban Little Rock home, according to a spokesman for the Pulaski County Sheriff's Office. ‘Mr. Taylor was arrested for domestic battery, first-degree, and aggravated assault,’ said...

American woman is being held hostage in Syria

2014-08-27 00:00:00

The Islamic State militant group is holding hostage a young American woman who was doing humanitarian aid work in Syria, a family representative said Tuesday. The 26-year-old woman is the third American known to have been kidnapped by the militant...

North Korea calls US \\\'graveyard of human rights\\\'

2014-08-27 00:00:00

North Korea's government said Wednesday that the police shooting of an unarmed black 18-year-old in Ferguson, Missouri, is evidence that the United States is a ‘graveyard of human rights.’ The comments by a Foreign Ministry spokesman fit a pattern by...

\\\'Economy moving ahead in unbelievable pace\\\'

2014-08-27 00:00:00

Bangladesh economy is moving ahead in an unbelievable pace with most of the economic indicators showing a positive and rising trend, the Ministry of Planning has said. A presentation by the ministry has said the country has managed to attain...

Turkish central bank surprises with cut in overnight lending rate

2014-08-27 00:00:00

Turkey's central bank cut its overnight lending rate by 75 basis points in a surprise move on Wednesday despite stubborn inflation, in its first rate decision since Prime Minister Tayyip Erdogan was elected president. The bank cut the lending rate...

ECB\\\'s Draghi has been ‘overinterpreted’: Germany\\\'s Schaeuble

2014-08-27 00:00:00

Germany’s Finance Minister Wolfgang Schaeuble told a newspaper on Wednesday that European Central Bank chief Mario Draghi had been ‘overinterpreted’ after suggesting that fiscal policy could play a greater role in promoting growth. The comments, made last Friday have been...

RBS fined £14.5m over mortgage advice by FCA

2014-08-27 00:00:00

Royal Bank of Scotland has been fined £14.5m by the Financial Conduct Authority (FCA) for ‘serious failings’ in its mortgage sales business. The City watchdog said RBS did not ensure that it gave suitable mortgage advice to customers. A review...

Libya ministers resign over militia fighting

2014-08-27 00:00:00

The official Libyan news agency says six ministers have resigned after accusing the government of taking sides in escalating battles among rival militias. LANA, quoting TV network al-Nabaa, on Wednesday said the ministers of industry, labor, planning, education and water...

Ukraine crisis: Poroshenko vows \\\'roadmap\\\' for peace

2014-08-27 00:00:00

Ukrainian President Petro Poroshenko says a ‘roadmap’ will be prepared to end fighting between troops and pro-Russian separatists in the east. He was speaking after holding his first direct talks on the crisis with Russian President Vladimir Putin in Belarus....