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Student leader calls for calm, protection of state property

2024-08-06 12:00:00

The final victory will be announced from the street, said Asif Mahmud, one of the coordinators of Anti-discrimination student movement, report agencies.He came up with the announcement while visiting the Channel 24 office on Monday evening.Meanwhile, amid the unfolding situation...

Polls soon after dissolution of JS, formation of interim govt

FE REPORT | 2024-08-06 12:00:00

Following the resignation of Sheikh Hasina as prime minister and her departure from Bangladesh, President Mohammed Shahabuddin has announced holding early elections by dissolving the Jatiya Sangdad (JS) and forming an interim government.After meeting with various political parties and representatives...

Interim government to run country, says army chief

2024-08-06 12:00:00

Chief of Army Staff General Waker-Uz-Zaman in an address to the country's people said on Monday an interim government would be formed to run the country as Prime Minister Sheikh Hasina has resigned from her post, reports BSS. "We have...

Prayer Timings (2024-08-06)

2024-08-06 00:00:00

18 dead as ex-MP's hotel set on fire in Jashore

OUR CORRESPONDENT | 2024-08-06 00:00:00

An angry crowd set fire to Jabir International Residential Hotel in Jashore after Prime Minister Sheikh Hasina's resignation on Monday, leaving 18 people dead and 30 injured. Among the deceased are Chaion, 20, and Sejan Hossain, 19. The identities of...

'Remain calm', Khaleda Zia urges people

FE REPORT | 2024-08-06 00:00:00

BNP Chairperson Begum Khaleda Zia on Monday urged everyone to "remain calm and be patient" after her arch-rival Sheikh Hasina resigned as the prime minister in the face of nationwide protests. "Be patient and calm to protect your country, life...

Egypt records 10.3pc drop in trade deficit value

2024-08-06 00:00:00

RIYADH: Fruit, clothes and carpet exports helped Egypt reduce its trade balance deficit by 10.3 percent in May as imports also dropped, according to official data.Figures released by the north African country’s Central Agency for Public Mobilization and Statistics showed...

Google, Amazon, Walmart seek to join Indian digital currency project

2024-08-06 00:00:00

MUMBAI, Aug 05 (Reuters): GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank's digital currency pilot by offering transactions via the e-rupee, three sources directly involved in the discussions said.Indian fintech firms...

Saudi non-oil business activity steady with July PMI at 54.4

2024-08-06 00:00:00

RIYADH, Aug 05 (Arab News) : Saudi Arabia’s non-oil private sector showed robust growth in July, driven by sustained demand amid heightened competitive pressures, according to an economy tracker. The Riyadh Bank Saudi Arabia PMI survey, compiled by S&P Global,...

Reserve Bank of India lays down regulatory principles for credit risk models

2024-08-06 00:00:00

MUMBAI, Aug 05 (Reuters): The Reserve Bank of India (RBI) said on Monday that the entities it regulates will have to abide by certain broad principles when employing various credit models, as it attempts to ensure prudence and robustness in...

Vietnamese tycoon jailed for 21 years for $146m fraud

2024-08-06 00:00:00

HANOI, Aug 05 (AFP): A former Vietnamese property and aviation tycoon was jailed for 21 years on Monday for fraud and stock market manipulation worth $146 million, state media said.Trinh Van Quyet was among 50 defendants found guilty in what...

US to propose barring Chinese software in autonomous vehicles

2024-08-06 00:00:00

WASHINGTON, Aug 05 (Reuters): The US Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter.The Biden administration plans to issue a proposed rule that...

Euro zone investor morale slumps

2024-08-06 00:00:00

BERLIN, Aug 5 (Reuters): Investor morale in the euro zone fell for a second consecutive month in August, a survey showed on Monday, dropping to its lowest level since January.The Sentix index for the euro zone fell to -13.9 points...

AI chip startup Groq valued at $2.8b after latest funding round

2024-08-06 00:00:00

WAHINGTON, Aug 05 (Reuters): Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, bringing its valuation to $2.8...

China plans new carbon emission controls as it aims for 2030 peak

2024-08-06 00:00:00

BEIJING, Aug 5 (Reuters): China will accelerate the development of a carbon emissions control system to help it achieve its goal of reaching a peak in the emissions of the climate-warming gases by 2030, the cabinet said on Friday.Beijing's energy...

Hugo Boss sells Russian business to Stockmann

2024-08-06 00:00:00

Hugo Boss has sold its Russian business to wholesale partner Stockmann for an undisclosed fee, the German fashion house said on Monday, joining the ranks of Western brands to exit the Russian market over the war in Ukraine, reports Reuters.The...

China's factory gloom weighs on Asia's manufacturers

2024-08-06 00:00:00

TOKYO, Aug 5 (Reuters): A slump in China's manufacturing activity led a generally weak performance for Asia's factories last month as business owners grappled with tepid demand, private surveys showed on Thursday, raising risks of an underpowered economic recovery in...

RMG factories to remain closed today

FE REPORT | 2024-08-06 00:00:00

The country's export-oriented ready-made garment factories will remain closed today (Tuesday), the second consecutive day of shutdown amid nationwide unrest. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday night again requested all its members to close their respective...

AFTER THINGS FALL APART - THE CAPITAL ON MONDAY

2024-08-06 00:00:00

Smoke billowing from a vehicle

2024-08-06 00:00:00

Smoke billowing from a vehicle after it was set afire at Kakrail in the capital on Monday. — FE Photo

Students guarding CJ residence

2024-08-06 00:00:00

Leaders of the Anti- Discrimination Student Movement (ADSM) are now giving protection to the vandalised residences of Chief Justice (CJ) and the superintendent of police (SP) of Dhaka in Ramna area, reports UNB.At 7:30 pm when this correspondent was visiting...

Protesters storm Gonobhaban

2024-08-06 00:00:00

Cheering protesters stormed Bangladesh Prime Minister's (PM) official residence Ganabhaban after Sheikh Hasina left the country on Monday afternoon, reports BSS.Jubilant crowds waved flags, some dancing on the streets of the capital, before hundreds broke through the gates of the...

Broadband internet restored after 3 hours

2024-08-06 00:00:00

Broadband internet services were restored at around 2:00 pm on Monday after around three hours of suspension, reports UNB.People got disconnected with the rest of the world online, as the broadband internet was blocked at around 10:15 am. Later, the...

India suspends train services with BD

2024-08-06 00:00:00

India has suspended all train services with Bangladesh after Sheikh Hasina resigned her premiership and quit the country, media reports say, reports bdnews24.com.A spokesperson from Indian Railways confirmed the matter to Reuters and The Economic Times on Monday afternoon.Three trains...

Dhaka airport declared closed for six hours

FE REPORT | 2024-08-06 00:00:00

Dhaka's Hazrat Shahjalal International Airport was announced closed for six hours from 6:00 pm on Monday, following the resignation of Prime Minister Sheikh Hasina and her departure from Bangladesh.The Inter-Services Public Relations (ISPR), the public relations division of the Bangladesh...

Tarique Rahman congratulates students, protesters

2024-08-06 00:00:00

BNP Acting Chairman Tarique Rahman on Monday congratulated the students and protesters for ousting the Sheikh Hasina government through a mass uprising, reports UNB.In a message on his X (Twitter) handle, he said, "Congratulations to the students and protesters from...

Remain calm to bring back peace in country

FE REPORT | 2024-08-06 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir called upon the countrymen on Monday to remain calm to bring back normalcy and peace in the country."I call upon the countrymen to remain calm, so that peace and normalcy...

Hasina won't make political comeback: Joy

2024-08-06 00:00:00

Sheikh Hasina will not make a political comeback, says her son and former official adviser Sajeeb Wazed Joy, reports bdnews24.com.Speaking to Newshour on the BBC World Service, Joy said his mother had been considering resigning from Sunday and had left...

Awami League Central Office at Bangabandhu Avenue

2024-08-06 00:00:00

The Awami League Central Office at Bangabandhu Avenue in the capital on fire on Monday. — FE Photo

Global media covers BD issues prominently

FE REPORT | 2024-08-06 00:00:00

Almost all leading media outlets across the globe have prominently covered the news of Prime Minister Sheikh Hasina's resignation following weeks of deadly anti-government protest.They also covered 'minute by minute' live update on their websites while many aired live television...