When rewarding, instead of penalising, the owners of undisclosed wealth or black money has been a normal phenomenon, finance adviser to the interim government Salehuddin Ahmed's assertion that henceforth generation of black money will be given no quarter is indeed...
Mohammad Kamrul Hasan | 2024-08-28 00:00:00
The relationship between larger influential nations and their smaller neighbouring counterparts has historically involved a careful balance of power and independence. Both economically and politically, larger countries often wield considerable sway over their smaller neighbours, potentially undermining their ability to...
ARAFAT ARA | 2024-08-27 12:00:00
Diaspora bonds of the government have lost attractiveness to expatriates for low profit rates they yield, causing the negative investment growth of the instruments for the past three years.The negative growth in net sales of the state-backed bonds was Tk...
PARIS, Aug 26 (AFP): French President Emmanuel Macron hosted far-right figurehead Marine Le Pen for rare talks Monday, as pressure mounts for him to finally name a prime minister after July's inconclusive parliamentary poll.The three-time National Rally (RN) presidential candidate...
WELLINGTON, Aug 26 (AFP): A Kiwi dairy company has been busted for falsely claiming its products were "100 percent pure New Zealand", despite using butter imported from India.Dairy firm Milkio Foods Limited was fined US$261,452 on Monday after New Zealand's...
REYKJAVÍK, Aug 26 (BBC): A foreign tourist has died in south Iceland after ice collapsed during a visit their group was making to a glacier, local media report. A second tourist was injured but they have been taken to hospital...
MANILA, Aug 26 (BBC): A standoff has erupted in the Philippines as thousands of police officers descended on a sprawling religious compound in search of an influential pastor who has been accused of child sex trafficking amongst other crimes.Police say...
CAIRO, Aug 26 (Reuters/BBC): There was no agreement on Sunday in the Gaza ceasefire talks that took place in Cairo, with neither Hamas nor Israel agreeing to several compromises presented by mediators, two Egyptian security sources said, casting doubt on...
KYIV, Aug 26 (AP): Russia unleashed a massive drone and missile barrage throughout Ukraine on Monday, targeting energy infrastructure. At least three people were reported killed, and power cuts were reported across the country.The barrage began around midnight and continued...
QUETTA, Aug 26 (Reuters): Separatist militants attacked police stations, railway lines, and vehicles on highways in Pakistan's province of Balochistan, killing more than 50 people, officials said on Monday, in the most widespread assault by ethnic insurgents in years.Militants have...
RIYADH, Aug 26 (Arab News): The Kingdom of Saudi Arabia's (KSA) updated investment law and a slew of recent reforms could help the country achieve its goal of attracting foreign direct investments worth $24 billion this year, according to an...
BERLIN, Aug 26 (AFP): German business confidence fell further in August, a closely-watched survey showed Monday, as Europe's biggest economy struggles to emerge from a weak period.The Ifo institute's confidence barometer, based on a survey of around 9,000 companies, declined...
HONG KONG, Aug 26 (Reuters): China's Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo's unit, as the ride-hailer focuses on its core business after a bruising regulatory crackdown,...
WASHINGTON, Aug 26 (Reuters): The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if US industry gets its way, many of the planned duties would be softened.Manufacturers from...
THE HAGUE, Aug 26 (AFP): The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers.The regulator said the transfers were...
Major stock markets in the Gulf rose in early trade on Monday after Federal Reserve Chair Jerome Powell signalled that the US central bank will most likely cut interest rate in September, reports Reuters.Powell on Friday endorsed an imminent start...
Prime Bank has signed a partnership with premier e-commerce platform, robishop.com.bd. Recently, a signing ceremony was held between these two organisations at the bank's Gulshan Corporate Office. Under the agreement, existing Prime Bank card holders will enjoy EMI facility and...
With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the "soft landing" narrative that has helped drive US stocks in 2024 can continue,...
HONG KONG, Aug 26 (AFP): Most Asian equity markets rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move...
BABUL BARMAN | 2024-08-27 00:00:00
Merchant banks demand a review of the existing public issue rules before much-needed changes to attract good-performing businesses to the capital market.The Bangladesh Merchant Bankers Association (BMBA) has already prepared a set of proposals aimed at overcoming barriers to the...
JACKSON HOLE, Wyoming, Aug 26 (Reuters): Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global policymakers at the US Federal Reserve's annual Jackson Hole conference, highlighting the changing trajectory of monetary policy...
As floodwaters begin to recede in the affected areas of Parshuram, Fulgazi, Chhagalnaiya, and Sadar upazilas of Feni, the prices of essential food items and daily necessities have skyrocketed, reports UNB.A Tk 10 candle is now being sold for Tk...
NAZIMUDDIN SHYAMOL | 2024-08-27 00:00:00
CHATTOGRAM, Aug 26: Traders of Khatunganj and Chaktai commodity hubs in the port city have suffered huge losses as their stocks have been damaged by flash flood.Heavy downpour and tidal surge have caused waterlogging at the commercial hubs, damaging essential...
MONIRA MUNNI | 2024-08-27 00:00:00
Bangladesh is losing up to $5 billion in potential annual export revenue from recycled textile products annually due to the absence of a comprehensive policy framework on circular textile, according to a study.Such a policy could incentivize the industry to...
BEIJING, Aug 26 (Reuters): Iron ore futures prices rebounded on Monday to hit their highest in nearly two weeks, supported by a softer dollar and prospects of steel demand picking up in the coming peak construction season in top consumer...
SINGAPORE/HAMBURG, Aug 26 (Reuters): Chicago corn fell to its lowest in around four years on Monday and soybeans also dropped after a closely watched crop tour of key growing areas forecast bumper US harvests.Wheat fell amid ample world supplies, especially...
KUWAIT, Aug 26 (Reuters): Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for 15 years, the second such deal since 2020 as Kuwait imports the fuel to help meet...
Gold held near record highs on Monday, buoyed by a softer dollar and dovish remarks from US Federal Reserve Chair Jerome Powell bolstering expectations of a September interest rate cut, reports Reuters.Spot gold was up 0.6 per cent to $2,526.15...
SINGAPORE, Aug 26 (Reuters): Malaysian palm oil futures climbed for the fourth consecutive day on Monday to close at their highest in one month, on Indonesia's plan to lower its export taxes and further raise its biodiesel blending rates.The benchmark...
LONDON, Aug 26 (Reuters): Oil prices rose nearly 3 per cent on Monday on reports of a near total production stoppage in Libya, adding to earlier gains on concerns that escalating conflict in the Middle East could disrupt regional oil...
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