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Charge hearing against Mirza Alamgir, 45 others deferred

2014-08-12 00:00:00

A Dhaka court on Tuesday deferred the hearing on framing charges in a case of arson against BNP acting Secretary General Mirza Fakhrul Islam Alamgir and 45 others. The court of Judge Ataul Haque of the Dhaka Speedy Trial Tribunal...

India’s Modi makes landmark visit to disputed Kashmir

2014-08-12 00:00:00

Narendra Modi accused Pakistan of waging a proxy war in Kashmir on Tuesday as he became the first Indian prime minister to visit the town of Kargil since more than 1,000 died in a battle fought there 15 years ago....

Stocks break gaining streak

FE Online Report | 2014-08-12 00:00:00

Stocks ended lower on Tuesday, breaking six consecutive sessions of gaining streak with turnover declined slightly as investors booked profit. The market opened with a positive note, but could not sustain amid profit booking sale pressure. DSEX, the prime index...

BNP\\\'s nat\\\'nwide demo, rally at Suhrawardy Udyan Aug 19

2014-08-12 00:00:00

The BNP-led 20-party alliance will stage a nationwide demonstration on August 19 protesting the newly-enacted broadcast policy. The coalition will start its fresh agitation programmes with a black-flag procession protesting Israel’s recent attacks on Gaza. BNP Secretary General Mirza Fakhrul...

Japan to test first homegrown stealth fighter jet

2014-08-12 00:00:00

A group of major Japanese firms are planning a test flight next year for the nation's first homegrown stealth fighter jet, a report said Tuesday. The consortium -- led by Mitsubishi Heavy Industries -- is developing a jet that has...

Australia defends US security deal as talks open

2014-08-12 00:00:00

Australia’s foreign minister Julie Bishop defended Tuesday a deal to deploy 2,500 US Marines in the country, denying it was aimed at curbing a rising China with tensions growing in the region. Beijing bristled when the deal, to be signed...

Ecnec OKs most expensive Matarbari power project

2014-08-12 00:00:00

The Executive Committee of National Economic Council (Ecnec) on Tuesday approved the country’s most expensive project titled ‘Matarbari 2x600 MW Ultra Super Critical Coal Fired Power’ with Tk 359.84 billion (Tk 35,984.46 crore) aiming to boost power generation. The approval...

US demands justice for \\\'unconscionable crime\\\' of MH17: Kerry

2014-08-12 00:00:00

US Secretary of State John Kerry demanded on Tuesday that the people who shot down Malaysia Airlines Flight MH17 over Ukraine be brought to justice for their ‘unconscionable crime’. The plane, en route from Amsterdam to Kuala Lumpur, was shot...

Thousands mark Moon death anniversary in S. Korea

2014-08-12 00:00:00

More than 20,000 followers of the Unification Church gathered in South Korea on Tuesday for the second anniversary of the death of their ‘messiah’ and church founder Sun Myung Moon. The devotees packed an indoor stadium at the church's global...

Maliki spurned as Iraq president nominates new PM

2014-08-12 00:00:00

Iraq moved closer to ending Nuri al-Maliki’s stubborn grip on power when his own political clan spurned him for another prime minister called to save the country from breakup. The much-awaited breakthrough in Baghdad came as Kurdish troops backed by...

EU Hopes for New Impetus in Vietnam Trade Talks

2014-08-12 00:00:00

The European Union is making progress in free trade talks with Vietnam but a concerted push would be needed to reach an agreement this year, the EU's top diplomat said Tuesday. Speaking to reporters in Hanoi during a one-day visit,...

Clinton contrasts foreign policy vision from Obama

2014-08-12 00:00:00

After working to carry out President Barack Obama's foreign policy mission for four years as secretary of state, Hillary Rodham Clinton is presenting a contrasting vision for America's role in the world ahead of a possible 2016 White House bid. ...

Police Investigating Fire at Berlin Mosque

2014-08-12 00:00:00

Police say a fire at a mosque in Berlin may be the result of arson and they are looking into a possible political motive. Police spokeswoman Patricia Braemer said Tuesday that a new extension of a mosque in Berlin's immigrant...

Myanmar lifts curfew in Mandalay after five weeks

2014-08-12 00:00:00

Authorities in Myanmar's second-largest city of Mandalay have lifted a curfew imposed after attacks on minority Muslims left two people dead and injured 14 others. The rioting in early July was triggered by rumors that two Muslim men had raped...

Evacuated Spanish priest first European to die of Ebola

2014-08-12 00:00:00

An elderly Spanish priest infected with Ebola died in a Madrid hospital on Tuesday, five days after being evacuated from Liberia, a hospital spokeswoman said. The 75-year-old Roman Catholic priest, Miguel Pajares, had been treated in Spain with an experimental...

Rights groups: Flotilla to break Gaza blockade

2014-08-12 00:00:00

A group of human rights organizations said Tuesday they are organizing a flotilla of vessels that will attempt to breach Israel's blockade of Gaza later this year. The Freedom Flotilla Coalition said it plans to sail to Gaza ‘during 2014.’...

9 Trapped in Mine Collapse in Turkey

2014-08-12 00:00:00

A coal mine collapsed in northern Turkey on Tuesday, trapping up to nine people inside, an official said. The accident occurred just months after 301 miners were killed in the country's worst mining disaster. Gov. Ali Kaban said the coal...

Brazilian bid for Chiquita challenges big banana merger

2014-08-12 00:00:00

Two Brazilian companies made a $611 million offer for US banana giant Chiquita Monday that could derail Chiquita's merger with European rival Fyffes. Cutrale Group, one of Brazil's largest juice exporters, and investment bank Safra Group offered $13 a share...

Britain awards BAE $584 million shipbuilding contract

2014-08-12 00:00:00

Defence company BAE Systems is to build three ships for Britain's navy in a deal worth £348 million ($584 million, 436 million euros), the contractor said on Tuesday. BAE said the three 'Offshore Patrol Vessels' would be used to combat...

Hyundai Motor to compensate S.Korea Santa Fe owners for overstating fuel economy

2014-08-12 00:00:00

Hyundai Motor Co said on Tuesday that it will pay South Korean owners of its Sante Fe (DM) sport utility vehicle up to 400,000 won ($388.61) per car, after the transport ministry found the fuel economy of the SUV had...

Telecom Italia says deadline to sell Argentina unit revised to September 1

2014-08-12 00:00:00

Telecom Italia (TLIT.MI) said on Tuesday it had agreed with US investment firm Fintech to extend the deadline to complete the sale of Telecom Argentina (TEC2.BA) to September 1. Telecom Italia agreed to sell its stake in Telecom Argentina to...

Japan\\\'s Tepco may hive off hydro, renewable energy operations

2014-08-12 00:00:00

Tokyo Electric Power Co may hive off its hydropower and renewable energy operations into a separate unit, sources with knowledge of the matter said, in another element to a revamp as it tries to recover from the Fukushima nuclear disaster...

Dhaka, Beijing agree to expand mutual engagements

2014-08-12 00:00:00

Bangladesh and China have agreed to expand mutual engagements on various economic and social fields for further improvement of the existing relations. Foreign Minister AH Mahmood Ali and his Chinese counterpart Wang Yi reached the agreement at a meeting held...

Turkey\\\'s Vakifbank Q2 net profit falls 9 per cent

2014-08-12 00:00:00

Turkish lender Vakifbank posted a net profit of 349.2 million lira ($162.4 million) in the second quarter, down 9 per cent from a year earlier but exceeding a Reuters poll forecast of 318 million lira. The bank, which made the...

Asaduzzaman talks tough against anarchy

2014-08-12 00:00:00

Pointing to BNP and Bangladesh Jamaat-e-Islami, State Minister for Home Affairs Asaduzzaman Khan on Tuesday said any bid to create terrorism in the name of movement will not be tolerated. “It’ll be of no use how much you roar (about...

MN Group to use Robi corporate connections

2014-08-12 00:00:00

Mobile phone operator Robi Axiata Limited signed an agreement with MN Group in Chittagong on Monday. AKM Morshed, chief technical officer of Robi Axiata and Md Moin Uddin Ahmed Mintu, Managing Director of MN Group, inked the agreement on behalf...

India June industry output grows at surprisingly slow 3.4%

2014-08-12 00:00:00

India said Tuesday industrial output expanded by an unexpectedly slow 3.4 per cent in June from a year earlier while inflation accelerated, dimming prospects of a quick economic recovery. The growth in output by India's mines, factories and utilities marked...

Demolition of govt primary school protested

2014-08-12 00:00:00

Students, teachers and activists on Tuesday formed a human chain to protest against the demolition of a govt. primary school on Bailey Road in Dhaka. The protesters demanded that the school is rebuilt at its site adjacent to Bangladesh Girls’...

Runner Gr signs business solution pact with GP

2014-08-12 00:00:00

Runner Group signed a business solutions agreement with Grameenphone Ltd on Tuesday to avail different enterprise solutions. Hafizur Rahman Khan, Chairman of Runner Group, and Vivek Sood, CEO of Grameenphone, signed the agreement on behalf of their respective organisations, according...

Ukraine currency hits record low against dollar

2014-08-12 00:00:00

Ukraine's national currency fell Tuesday to a record low against the dollar, the central bank said, as fierce fighting in the east hammers the economy. The National Bank of Ukraine said that the average exchange rate it calculates based on...