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Bay turns rough as Cyclone Dana approaches

OUR CORRESPONDENT | 2024-10-25 00:00:00

COX'S BAZAR, Oct 24: The Navy jetty at Inani Beach in Ukhia, Cox's Bazar, collapsed on Thursday under the impact of the turbulent sea waves caused by the approaching cyclone 'Dana'.The coast of Cox's Bazar became very turbulent due to...

Magura Kheya Ghat bridge turns a death trap

OUR CORRESPONDENTS | 2024-10-25 00:00:00

Kheya ghat bridge which has recently been constructed over the Nabaganga River in Magura district town has now become a death trap due to its dilapidated condition.Our Magura correspondent reports that the construction work on the bridge was completed in...

Pakistani forces kill nine militants

2024-10-25 00:00:00

PESHAWAR, Pakistan, Oct 24 (AP): Pakistani security forces killed nine insurgents in a shootout overnight in a former stronghold of the Pakistani Taliban in the volatile northwestern region that borders Afghanistan, the military said Thursday.Troops also seized weapons and ammunition...

Chinese company to sell tickets for space tourism flights in 2027

2024-10-25 00:00:00

BEIJING, Oct 24 (AFP): A Chinese company will launch sales on Thursday of two tickets for a commercial spaceflight planned for 2027.The tickets sold by firm Deep Blue Aerospace cost 1.5 million yuan ($211,000) and are for seats on a...

Los Angeles Times editor resigns over US polls stance

2024-10-25 00:00:00

LOS ANGELES, Oct 24 (AP): The editorials editor of the Los Angeles Times has resigned after the newspaper's owner blocked the editorial board's plans to endorse Democratic Vice President Kamala Harris for president, a journalism trade publication reported Wednesday.Mariel Garza...

Harris calls Donald Trump a 'fascist'

2024-10-25 00:00:00

PHILADELPHIA, Oct 24 (AFP): Kamala Harris called Donald Trump a "fascist" Wednesday and warned that her US election rival was "increasingly unstable" as she addressed his reported praise for Adolf Hitler at a town hall event.The Democrat's fierce criticism came...

Xi tells BRICS summit world facing 'serious challenges'

2024-10-25 00:00:00

KAZAN, Russia, Oct 24 (AFP): Chinese President Xi Jinping on Thursday told leaders of BRICS emerging economies the world was facing "serious challenges" and urged the group to be a "stabilising force".Xi was speaking on the final day of the...

COP16 president hopeful of 'major announcements' soon

2024-10-25 00:00:00

CALI, Colombia, Oct 24 (AFP): The Colombian host and president of the UN's COP16 biodiversity summit said Wednesday she expected "major announcements" soon regarding negotiations to increase funding and political commitment against the destruction of nature.The 16th Conference of the...

Boeing reports $6.2 bn loss

2024-10-25 00:00:00

NEW YORK, Oct 24 (AFP): Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labour strike weighed on its commercial plane division and costly problems dragged down its defense and space business.The embattled aviation giant, which...

EU wheat eases as export competition persists

2024-10-25 00:00:00

PARIS, Oct 24 (Reuters): Euronext wheat fell on Thursday as a steadying euro and brisk shipments of Russian wheat weighed on export sentiment, tempering concern about Russian government intervention in wheat trade.December wheat BL2Z4, the most active position on Paris-based...

Emirates and Dubai, each propels the other to greater heights

Sir Tim Clark | 2024-10-25 00:00:00

The Emirates Group, under the leadership of His Highness Sheikh Ahmed bin Saeed Al Maktoum, is without a doubt one of the most successful aviation entities on the planet. Emirates is the world's largest and most profitable all-international airline, and...

Walton Fridge buyer gets Tk 2m

2024-10-25 00:00:00

Rana Islam, a motor worker in Dinajpur Sadar, won Tk 2 million in Walton's 'Digital Campaign Season-21' as part of its Double Million offer. He qualified for the award after purchasing a Walton brand refrigerator recently. Walton Plaza Managing Director...

SOCIAL ISLAMI BANK'S TREE PLANTATION PROGRAMME

2024-10-25 00:00:00

Social Islami Bank's Kakrail Branch inaugurated an 'Account Opening Campaign and Tree Plantation' programme at Habibullah Bahar University College in Dhaka on Thursday. The bank will observe this event from October 24-28, marking the International Day against Climate Change. Md....

BB asks bank employees to file tax returns online

2024-10-25 00:00:00

Just like government employees, bank officials and staff in the four city corporations of Bangladesh are now required to submit their tax returns online, reports UNB.The Banking Regulations and Policy Department of Bangladesh Bank gave the instruction on Wednesday.Referring to...

Dhaka needs preparation to qualify for EU GSP plus

FE REPORT | 2024-10-25 00:00:00

Bangladesh needs to take necessary preparation to qualify for the EU GSP plus scheme, a senior German diplomat has said.Ambassador Erik Kurzweil, the Commissioner for Indo-Pacific, South Asia and Afghanistan of the German Federal Foreign Office, visited Dhaka on an...

Starlink set to launch in BD, but some hurdles remain

ISMAIL HOSSAIN | 2024-10-25 00:00:00

Starlink, SpaceX's satellite-based internet service, is poised to enter Bangladesh, which could significantly transform the country's digital landscape.To allow the satellite internet service, the Bangladesh Telecommunication Regulatory Commission (BTRC) is drafting guidelines, aiming to bridge the connectivity gap in remote...

Palm oil surges on lower stockpiles

2024-10-25 00:00:00

KUALA LUMPUR, Oct 24 (Reuters): Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production declines and lower national stockpiles.The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 116...

US fines Apple and Goldman Sachs over Apple Card

2024-10-25 00:00:00

NEW YORK, Oct 24( AFP): The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone-maker's credit card.Customer service breakdowns and misrepresentations affected hundreds of thousands of users...

Unilever and Danone win back shoppers as price hikes slow

2024-10-25 00:00:00

LONDON/PARIS, Oct 24 (Reuters): Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in innovations to win back shoppers who had turned to cheaper brands during a surge in inflation.The...

PURO PASTRY OPENS 14TH OUTLET

2024-10-25 00:00:00

The 14th outlet of Puro Pastry & Bakery was inaugurated at Waz Uddin Tower at Hatirpool in Dhaka on Thursday. Vice Chairman of Eon Group of Industries Major ABA Mesbah Ud Dowlah (Rtd.) was present as the chief guest at...

Takaful Islami Ins meeting held

2024-10-25 00:00:00

The 3rd meeting of the Risk Management Committee of Takaful Islami Insurance Limited was held at Dhanmondi in Dhaka recently. Chairman of the Risk Management Committee Md Humayun Kabir Patwary presided over the meeting attended by Tahmina Afroz, Md Abul...

Shahjalal Islami Bank holds 884th EC meeting

2024-10-25 00:00:00

The 884th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, the Chairman of Executive...

IDLC Asset Management Shariah Fund meeting held

2024-10-25 00:00:00

The 20th Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held recently, with Dr. Syed Muhammed Emdad Uddin in the Chair. Board members Maulana Sayed Kamaluddin Abdullah Zafree, Dr. M Mahabbat...

Power Division seeks tax exemption for solar sector investors

2024-10-25 00:00:00

The Power Division seeks the reinstatement of tax exemption benefits for private investors in the renewable energy sector, particularly those investing in solar power projects, reports UNB.According to official sources, the Power Division has formally urged the National Board of...

Tesla allays investor fears with crucial EV growth forecast, shares jump

2024-10-25 00:00:00

SAN FRANCISCO, Oct 24 (Reuters): Tesla's stock jumped nearly 12 per cent before the bell on Thursday, a day after it forecast surging car sales growth, reassuring investors that CEO Elon Musk was still looking to expand the core business...

Dubai and Abu Dhabi race to lure world's wealth managers

2024-10-25 00:00:00

DUBAI, Oct 24 (Reuters): Abu Dhabi is emerging from Dubai's shadow as it attracts its own share of asset managers' and billionaires wealth, helping cement United Arab Emirates' role as an alternative to global financial hubs.Lacking rich oil reserves, Dubai...

PUBALI BANK RECOGNISED AS 'BEST FINANCIAL INSTITUTION'

2024-10-25 00:00:00

Pubali Bank has been recognised as the Best Financial Institution at the 22nd DHL-The Daily Star Bangladesh Business Awards. The bank recently celebrated the achievement through a ceremony led by Monzurur Rahman, the chairman of the bank's board of directors....

BRAC Bank for inclusion of people with disability

2024-10-25 00:00:00

DHAKA, Oct 24: BRAC Bank recently partnered with the Bangladesh Business and Disability Network (BBDN) to create opportunities for persons with disabilities through 'Aporajeyo Ami', the bank's flagship corporate social responsibility initiative dedicated to health.The agreement enables BRAC Bank to...

Market-driven share price valuation suggested for quality listing

FE REPORT | 2024-10-25 00:00:00

Top merchant bankers and portfolio managers have urged the securities regulator to amend the IPO (initial public offering) valuation process to encourage listing of good companies.Companies with strong fundamentals usually go public, using the book building method to set the...

Berger's profit grows 21pc in Q2, buoyed by higher revenue

FE REPORT | 2024-10-25 00:00:00

Berger Paints secured a 21 per cent year-on-year growth in profit to Tk 566 million in the second quarter (Q2) through September this year, driven by higher sales.The consolidated earnings per share (EPS) of the multinational company, which follows the...