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Oil falls as Chinese demand concerns overshadow Libyan export halt

2024-09-04 00:00:00

Brent oil prices declined 2 per cent on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased demand concerns that overshadowed the impact of halted production and exports from Libya, reports Reuters.Brent crude futures fell by...

Abducted mother, daughter found dead in Cox's Bazar

2024-09-04 00:00:00

CUMILLA, Sept 03 (BSS): Members of Rapid Action Battalion (RAB) recovered the bodies of a woman and her child, who were allegedly kidnapped from Padua area in Cumilla three days ago, from Cox's Bazaar town last night.The victims are Arifa...

Floods claim 71 lives so far

2024-09-04 00:00:00

The death toll from the recent catastrophic flood in 11 districts has risen to 71 with four more deaths reported on Tuesday, according to the report of Disaster Management and Relief Ministry, reports UNB.The fresh deaths were reported from worst-hit...

RMG workers block Dhaka-M'sing highway for job reinstatement

2024-09-04 00:00:00

GAZIPUR, Sept 03 (UNB): Vehicular movement on Dhaka-Mymensingh highway remained suspended for one hour on Tuesday as some retrenched garment workers staged demonstration blocking the highway demanding reinstatement of their jobs.The agitated garment workers, who were sacked from various factories...

Hilsa prices remain high in Chandpur despite peak season, supply still low

2024-09-04 00:00:00

CHANDPUR, Sept 03 (UNB): Despite the peak of the Hilsa season, the supply of the prized fish has not increased at Chandpur's renowned "Boro Station Fish Landing Centre" (Big Station Fish Ghat).Consequently, the price of Hilsa from the Padma-Meghna rivers...

Looted arms still belong to public

OUR CORRESPONDENT | 2024-09-04 00:00:00

RAJSHAHI, Sept 03: Public concern has been raised about the weapons looted from police just after the fall of Sheikh Hasina's government on August 05.Miscreants vandalised and torched police stations and outposts in Rajshahi, looting 207 weapons and 11,027 rounds...

Iran's top court backs death penalty for Guard volunteer over 2022 protest killing

2024-09-04 00:00:00

DUBAI, Sept 03 (AP): Iran's Supreme Court has upheld a death sentence imposed on a member of the all-volunteer wing of the country's paramilitary Revolutionary Guard who stormed a house during the 2022 protests over the death of Mahsa Amini...

India cops kill nine Maoist rebels

2024-09-04 00:00:00

RAIPUR, Sept 03 (AFP): Indian police killed at least nine Maoist rebels during a gunfight on Tuesday, officials said, with security forces still searching the forest for more remains and weapons.The clash is the latest in India's long-running Maoist insurgency...

27 Palestinians die in W Bank raids

2024-09-04 00:00:00

JENIN, Sept 03 (AFP): Israeli forces were operating Tuesday in the northern West Bank, nearly a week into military raids in the occupied territory that the Palestinian health ministry said killed at least 27.An Israeli air strike overnight that the...

129 killed in failed DR Congo jailbreak

2024-09-04 00:00:00

KINSHASA, Sept 03 (BBC): An attempt by inmates to break out of a high-security prison in the capital of the Democratic Republic of Congo, Kinshasa, has led to the deaths of 129 people, the authorities say.Interior Minister Shabani Lukoo said...

Russia advancing fast in E Ukraine

2024-09-04 00:00:00

MOSCOW, Sept 03 (Reuters/AFP): Russian forces are advancing faster in eastern Ukraine than they have done for a long time, taking several square kilometres per day, President Vladimir Putin said on Monday as Moscow's forces tried to smash through a...

Everyone has a take on AI

Hasnat Abdul Hye | 2024-09-04 00:00:00

Everybody who is somebody in the world of technology, economy politics and academia has a take on Artificial Intelligence (AI), particularly in the West where it is undergoing rapid transformation, paving the way for the most important technological advance since...

India regulator's study shows more than half of IPO shares are sold in a week

2024-09-03 00:00:00

MUMBAI, Sept 2 (Reuters): India's markets regulator said on Monday that investors in public issues sold 54 per cent of shares within a week of listing.Between April 2021 and December 2023, investors showed a greater propensity to exit from the...

Shares in Hong Kong's New World Development plunge after loss estimate

2024-09-03 00:00:00

HONG KONG, Sept 2 (Reuters): Shares in major Hong Kong property developer New World Development plunged 13 per cent after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year that ended in...

Asian markets diverge as China woes offset US rate hopes

2024-09-03 00:00:00

HONG KONG, Sept 2 (AFP): Asian markets were mixed Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese economy following the release of more disappointing data.Figures on Friday showed the Federal Reserve's favoured...

Intel CEO to pitch board on plans to shed assets, cut costs

2024-09-03 00:00:00

NEW YORK, Sept 02 (Reuters): Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending, according to a source...

India’s factory activity growth hits three-month low

2024-09-03 00:00:00

BENGALURU, Sept 02 (Reuters): India's manufacturing activity growth eased to a three-month low in August as demand softened significantly, a private-sector survey showed on Monday, casting another shadow over the otherwise robust economic outlook.Growth in Asia's third-largest economy slowed to...

Saudi Arabia unveils new industrial initiatives to drive economic growth

2024-09-03 00:00:00

RIYADH, Aug 02 (Arab News): A revised investment licencing system and a new app are part of a series of initiatives announced by the Federation of Saudi Chambers of Commerce to strengthen the Kingdom's industrial sector. Announced at an open...

ECB policymakers at odds over downturn's impact

2024-09-03 00:00:00

FRANKFURT, Sept 02 (Reuters): European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures,...

SA Group Employees donate one day's salary for flood-hit people

2024-09-03 00:00:00

Employees of SA Group of Industries have come forward to assist flood-affected families in different regions of the country. All employees of the organisation have donated one day's salary to support the flood-hit people. As part of this initiative, a...

Janata Bank PLC opens Noyarhat Branch in Savar

2024-09-03 00:00:00

Janata Bank PLC’s Noyarhat Branch started operation at a new building with all modern facilities in Savar on Sunday. Deputy Managing Director of the bank Md Foyez Alam inaugurated the branch as the chief guest. Janata Bank General Manager (Dhaka...

Relocated Mohila branch of NBL opens

2024-09-03 00:00:00

The relocated Mohila Branch of National Bank Limited (NBL) was inaugurated on Monday. Md. Touhidul Alam Khan, Managing Director & CEO of the bank, was present as the chief guest at the opening ceremony. Imran Ahmed, Deputy Managing Director of...

NEW BOARD OF SOCIAL ISLAMI BANK HOLDS VIEW-EXCHANGE MEET

2024-09-03 00:00:00

The newly formed board of Social Islami Bank PLC exchanged views with the Divisional Heads and Branch Managers of the bank in Dhaka city at the bank's head office recently. Dr. M Sadiqul Islam, newly elected Chairman of the bank,...

SHAHJALAL ISLAMI BANK DONATES TK 15M FOR FLOOD VICTIMS

2024-09-03 00:00:00

As part of Corporate Social Responsibility (CSR) programme, Shahjalal Islami Bank PLC donated Tk 15 million to Chief Adviser Relief & Welfare Fund for flood-affected people. Company Secretary of the bank Md Abul Bashar handed over a cheque for the...

PUBALI BANK’S DONATION FOR FLOOD VICTIMS

2024-09-03 00:00:00

Pubali Bank PLC, as part of its social responsibility, has donated Tk 50 million from its own funds to the Chief Advisor's Relief Fund for flood-affected people. Mohammad Ali, Managing Director and CEO of Pubali Bank, handed over the donation...

Walton Computer Exchange Offer Season-4 kicks off

2024-09-03 00:00:00

Walton has launched 'Computer Exchange Offer Season-4' campaign aiming to ensure proper e-waste management, says a press release.Under the campaign, customers can purchase Walton brand's new laptop, desktop, all-in-one PC, monitor, printer, Tab, speaker, and CCTV camera in exchange of...

Inquiry committee vows impartial investigation

FE REPORT | 2024-09-03 00:00:00

Members of an inquiry committee formed by the securities regulator have pledged to conduct their investigation into the market scams with impartiality. At the same time, the Bangladesh Securities and Exchange Commission (BSEC) has also said it would not influence...

Renata gets EU approval to export drug for Parkinson's disease

FE REPORT | 2024-09-03 00:00:00

Renata Ltd. has recently secured approval from the EU Decentralised Procedure (DCP) to export Cabergoline 0.5mg tablets to Europe.Cabergoline, a dopamine agonist, is primarily used in treating conditions such as hyperprolactinemia and Parkinson's disease.The drug maker announced this milestone in...

Seven cos see sharp fall after regulator opens probe

FE REPORT | 2024-09-03 00:00:00

Seven companies witnessed a massive fall in their stock prices on Monday, as the securities regulator formed a committee to probe irregularities against them. Following the news, panicked investors rushed to dump the shares in these companies and the units...

Gauff falls in US Open title defence

2024-09-03 00:00:00

NEW YORK, Sept 02 (AP): This is pretty much all anyone needs to know about defending champion Coco Gauff's 6-3, 4-6, 6-3 loss to Emma Navarro in the US Open's fourth round on Sunday: Gauff wound up with more double-faults,...