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PCJSS demands arrest of CHT Commission attackers

2014-07-06 00:00:00

Parbatya Chattagram Jana Sanghati Samiti (PCJSS) has demanded immediate arrest and exemplary punishment for those responsible for the attack on CHT Commission, while strongly condemning the dastardly act. Organization’s information and publicity secretary Mangal Kumar Chakma in a statement expressed...

Oxfam Bangladesh gets Asian award on disaster risk reduction

2014-07-06 00:00:00

Oxfam, the leading worldwide development organisation, has been selected as the winner of best film produced in Bangladesh on Disaster Risk Reduction at the 6th Asian Ministerial Conference on Disaster Risk Reduction (AMCDRR) held in Bangkok recently, reports UNB. Recognising...

India bans foie gras

2014-07-06 00:00:00

NEW DELHI, July 5 (AFP) :  India has banned the import of foie gras, a government notice said, after animal rights activists complained that the method used to produce the duck liver delicacy was cruel. "Import policy of the item...

Apple poaches another luxury executive as iWatch nears

2014-07-06 00:00:00

PARIS, July 5 (Reuters) :  Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch of its iWatch expected this autumn. Tag Heuer, part of luxury goods group...

Egypt raises fuel prices to slash subsidies

2014-07-06 00:00:00

CAIRO, July 5 (AFP) : Egypt's government drastically raised fuel prices late Friday to tackle a bloated subsidy system, in a potentially unpopular move that might blow back on newly elected President Abdel Fattah al-Sisi. With an economy battered by...

\\\'Steve Jobs took our jobs\\\', says Finnish prime minister

2014-07-06 00:00:00

STOCKHOLM, July 5 (AFP) : Finnish Prime Minister Alexander Stubb on Friday accused Apple's late founder Steve Jobs of crushing his Nordic country's job market by selling innovations that caught Finland's companies off guard. "We had two pillars we stood...

Airbus says \\\'jury still out\\\' on A330neo airshow launch

2014-07-06 00:00:00

AIX-EN-PROVENCE , France, July 5 (Reuters) : Airbus Group has not decided whether it will launch its proposed A330neo jet at this month's Farnborough Airshow but is confident about the outlook for plane orders at the gala event, its strategy...

News in Brief

2014-07-06 00:00:00

40 per cent' of Madagascar budget lost to corruption: PM ANTANANARIVO, July 5:Madagascar's Prime Minister Roger Kolo has vowed to stamp out corruption after revealing that 40 per cent of his country's budget is lost to graft.  "Forty per cent...

Photo: TOKYO: Japanese cooks in Tokyo make enough paella for 2,000 people

2014-07-06 00:00:00

Industry sees investment opportunities from Asia\\\'s urbanisation

2014-07-06 00:00:00

SINGAPORE, July 5 (Xinhua): Industry players at a banking forum here on Friday said they see huge business opportunities from urbanisation in Asia, with a researcher highlighting themes such as infrastructure, consumer products and agriculture. The infrastructure sector of the...

Fire guts 10 shops in Pirojpur

2014-07-06 00:00:00

At least 10 shops were gutted in a fire that broke out in a market at Swarupkathi Bazar of Pirojpur district on Sunday evening. Locals said the fire originated from a grocery shop of one Udoy Saha at the market...

Bank of Cyprus approves 1.0b euros recapitalisation plan

2014-07-06 00:00:00

NICOSIA, July 5 (Xinhua): Bank of Cyprus (BOC) shareholders approved on Friday a Central Bank of Cyprus plan to bolster its capital by 1.0 billion euros, ahead of EU-wide stress tests of member states banks. Current shareholders of the bank...

Total CEO for bigger euro role in oil payments

2014-07-06 00:00:00

AIX-EN-PROVENCE, France, July 5 (Reuters): Oil major Total's chief executive said on Saturday the euro should have a bigger role in international trade although it was not possible to do without the US dollar. Christophe de Margerie was responding to...

EBA proposes potential regulatory regime for virtual currencies

2014-07-06 00:00:00

BRUSSELS, July 5 (Xinhua): The European Banking Authority (EBA) on Friday published an Opinion addressed to the European Union (EU) Council, European Commission and European Parliament, which set out the requirements for regulating "virtual currencies." The EBA concluded that risks...

China, ROK pursue FTA to get shape

2014-07-06 00:00:00

BEIJING, July 5 (Xinhua): As the global recovery falters, China and the Republic of Korea (ROK) will seek new opportunities together, with the close economic relationship that a free trade agreement (FTA) brings. Accompanied by a huge trade delegation, Chinese...

Gulf banks start to muscle in on global bond deals

2014-07-06 00:00:00

DUBAI, July 5 (Reuters): When the Kenyan government issued a debut US$2.0 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks...

Yuan deposits hit record high in S Korea in June

2014-07-06 00:00:00

SEOUL, July 5 (Reuters): Yuan deposits at banks in South Korea inched up by a net $640 million in June to a record high of $11.97 billion, central bank data showed on Friday, but the rate of increase slowed due...

Italian deficit-GDP ratio falls to 6.6pc in Q1

2014-07-06 00:00:00

ROME, July 5 (Xinhua): Italy's deficit-to-gross domestic product (GDP) ratio fell 0.7 per cent to 6.6 per cent in the first three months of 2014 over the same period in 2013, national statistics institute Istat said on Friday. Istat added...

Photo: GUANGZHOU, China: Old buildings, which are being demolished,

2014-07-06 00:00:00

Photo: D\\\'JILI, Democratic Republic of Congo: Dr Jill Biden, wife of the US vice-president,

2014-07-06 00:00:00

Photo: MADRID, Spain: People walking past an advertisement for wifi provider Gowex

2014-07-06 00:00:00

Short supply of gold hits jewellery sector hard

Sonia H Moni | 2014-07-06 00:00:00

Short supply of recycled or pure gold due to new tough provision of the passenger baggage rules for non-resident Bangladeshis (NRBs) for carrying gold has hit the country's jewellery sector hard. Bangladesh Jewellers Samity (BJS) general secretary Dewan Aminul Islam...

Japanese grapes fetch record $5,400

2014-07-06 00:00:00

TOKYO, July 5 (AFP) : Bridal couples at a Japanese wedding hall will have a special treat at their banquet: a bunch of fresh, juicy grapes that cost a record $5,400. A wedding hall operator bought the Ruby Roman grapes...

‘French households could face catch-up energy payments’

2014-07-06 00:00:00

PARIS, July 5 (Reuters) :  French households could face an extra 27 euro ($36.83) catch-up payment to settle their electricity bills after a government cap on prices was annulled, energy minister Segolene Royal was quoted saying. In an interview with...

Commodity prices mixed on US data, supply strains

2014-07-06 00:00:00

LONDON, July 5 (AFP) : Commodity markets diverged this week as metals benefitted from better-than-expected US jobs data while oil futures were hit by easing supply strains. OIL: Crude futures slid on easing concerns over supply disruptions in Iraq and...

Global Commodity Prices

2014-07-06 00:00:00

Dubai launching project to build world\\\'s biggest mall

2014-07-06 00:00:00

DUBAI, July 5 (Reuters): Dubai is launching a project to build an entertainment and hotel district that will include the world's largest shopping mall, the emirate's ruler, Sheikh Mohammed bin Rashid al-Maktoum, said on Saturday. Plans for the "Mall of...

Tata Power signs option deal to sell 5 pc in Indonesian coal miner

2014-07-06 00:00:00

MUMBAI, July 5 (Reuters): India's Tata Power Company Ltd said on Friday it has signed an option deal to sell a 5 per cent stake in coal miner PT Kaltim Prima Coal (KPC) to a unit of Indonesian conglomerate Bakrie...

Greece\\\'s next bailout loan instalment approved

2014-07-06 00:00:00

ATHENS, July 5 (Gulf News): A key body monitoring Greece's bailout approved the disbursement of the next batch of rescue loans Friday, after the country met outstanding reform targets that had delayed the payment. Greece's finance ministry said the Euro...

ArcelorMittal mulls bid for Italian steelmaker Lucchini

2014-07-06 00:00:00

LONDON, July 5 (Reuters): ArcelorMittal, the world's biggest steelmaker, is considering making an offer later this month for Italy's second largest steel producer Lucchini, according to Italian union CGIL FIOM. Lucchini, formerly owned by Russia's Severstal, was declared insolvent in...