US companies are planning $14 billion worth of investments in Africa , a White House official said Tuesday as Washington seeks to strengthen commercial ties during the historic US-Africa Leaders Summit. President Barack Obama and US business chieftains hope to...
InterContinental Hotels Group said on Tuesday that its profits fell in the first half of the year but the owner of the Holiday Inn chain expressed confidence about the outlook. Net profit slid 30 per cent to $238 million (178...
French bank Credit Agricole SA on Tuesday said the collapse of Portuguese lender BES had slashed its second-quarter profits, and warned that it faces a US probe for possible sanctions-busting. But the bank, one of the biggest in Europe by...
German top-of-the-range carmaker BMW said Tuesday that profits rose in the second quarter of 2014 on the back of increased demand for its vehicles worldwide. BMW said in a statement that its bottom-line net profit rose by 27.2 per cent...
India's central bank held interest rates steady on Tuesday, keeping a watchful eye on inflation as it waits to assess the impact of weak annual rains on food prices. After meeting in financial capital Mumbai, the Reserve Bank of India...
Philippine inflation shot up to a nearly three-year high of 4.9 per cent in July, as millions of poor Filipinos endured steep price rises for essential foods, official data showed Tuesday. The consumer price increase was the highest since it...
Food Minister Quamrul Islam on Tuesday warned that law enforcement agencies will come up with proper response to BNP if it launches violent programmes in the name of movement. He said this at a discussion, titled ‘Sheikh Kamal’s 65th Birthday’,...
Romania's central bank cut its main interest rate by 0.25 points to a record low of 3.25 per cent on Monday against a backdrop of slowing inflation. The BNR said it had reviewed its annual inflation forecast to 2.2 per...
Finance Minister AMA Muhith on Tuesday expressed satisfaction over the foreign aid flow to the country in the last fiscal year (FY 14) as it hit US$3.0 billion following a significant rise in disbursement by the World Bank. "Aid commitment...
A 5.3 magnitude earthquake struck South Africa on Tuesday, shaking buildings in the commercial capital Johannesburg and killing one man in a gold mining town. The quake, centered south of Johannesburg, was reportedly felt as far a field as neighbouring...
Bank of England chief economist Andy Haldane said on Tuesday that frequent regulatory intervention may need to become the rule to stem risks from financial firms such as insurers and investment funds. The British central bank has become more concerned...
Former chairman of the Anti Corruption Commission (ACC) Ghulam Rahman on Tuesday took over as the president of Consumers Association of Bangladesh (CAB). Ghulam Rahman served as the ACC chairman for four years. Earlier, he was the chairman of the...
The visiting six-member Iranian parliamentary delegation had been at the One-stop Crisis Centre (OCC) of Dhaka Medical College Hospital (DMCH) on Tuesday. DMCH Director Brig Gen Mostafizur Rahman welcomed the team led by Fatemeh Rahbar, head of the Iran Parliamentary...
Siam Commercial Bank Pcl Thailand's third-largest lender, said on Tuesday it expected 2014 housing loans to grow 7 per cent on the year on expectations that economic recovery would spur demand in the second half of the year. The bank...
Amid criticisms by BNP over ‘The National Broadcasting Policy, 2014’, Awami League joint general secretary Mahbub-ul-Alam Hanif said Awami League (AL) does not believe in media gagging. “Awami League doesn’t believe in gagging the media. There has been massive development...
Rajshahi Motor Sramik Union went on an indefinite strike in the district on Tuesday afternoon to press home its six-point demand, including a ban on the movement of unauthorised vehicles on roads and highways. The decision to enforce the strike...
India has agreed to allow Bangladesh to import electricity from Nepal through its territory, said State Minister for Power and Energy Nasrul Hamid. The minister stated this on Tuesday following his meeting with Indian High Commissioner in Dhaka Pankaj Saran...
Italy said Tuesday it is expelling a Moroccan imam caught on video inciting violence against Jews during Israel's offensive against Hamas militants in Gaza. The imam was filmed during a Friday sermon in a mosque near Venice last month calling...
Palestinian Foreign Minister Riyad al-Malki on Tuesday said he was optimistic the latest ceasefire in Gaza will hold, even as Palestinians renewed efforts to haul Israelis before the International Criminal Court for war crimes. A 72-hour truce took hold in...
Prime Minister Sheikh Hasina on Tuesday expressed her firm optimism that the Japanese government would provide more assistance for Bangladesh's socioeconomic development. "As our government has been working hard for the welfare of the country and people, I hope that...
Detective police have pressed charges against BNP acting Secretary General Mirza Fakhrul Islam Alamgir and 40 other BNP men over last year's vandalism in the run-up to the Jan 5 general election. Sub-Inspector Dipak Kumar Das submitted two charge-sheets to...
A British minister who was the first Muslim to sit in the cabinet resigned on Tuesday over the government's ‘morally indefensible’ policy on Gaza. The decision by Baroness Sayeeda Warsi, a minister at the Foreign Office and for faith and...
Communications Minister Obaidul Quader has asked Awami League supporters not to extort anyone for National Mourning Day programmes. Quader made the call at an event to commemorate the birth anniversary of Sheikh Kamal, elder son of Bangabandhu Sheikh Mujibur Rahman...
Alleging that the government is trying to put the National Broadcasting Policy in place in a bid to gag the media, BNP on Tuesday demanded the ‘black rule’ be annulled forthwith. “The questionable current cabinet which is there by prolonging...
One US soldier was killed and 15 more were wounded Tuesday when a man in Afghan military uniform opened fire at an officer academy in Kabul, a US official said. ‘We can confirm that one American was killed and 15...
The Planning Ministry is going to organise the country’s first-ever development fair, aiming to engage people from all walks of life in development activities. The Development Fair 2014 will be arranged either at the end of the current month or...
A section of journalists demonstrated Tuesday demanding cancellation of the National Broadcasting Policy 2014 saying that it has been formulated to gag the voice of the media. They held a rally and brought out a procession in front of the...
BNP acting secretary general Mirza Fakhrul Islam Alamgir on Tuesday returned home after receiving treatment at a Singapore hospital. He reached Hazrat Shahjalal International Airport around 7pm in a regular flight of Biman Bangladesh Airlines. The BNP spokesman went to...
MUNSHIGANJ: Pinka-6, the launch that sank in the Padma River near Mawa Ghat in Lauhajang upazila Monday with over 250 passengers on board, could not be salvaged even after 32 hours of the accident due to strong currents in the...
The Appellate Division of the Supreme Court on Tuesday asked Mozammel Hossain, former deputy managing director (DMD) of Jamuna Bank, to surrender before the designated court in connection with a graft case accusing him of swindling about Tk 12.0 billion...
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