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Yunus gets bail till August 14

FE REPORT | 2024-07-05 00:00:00

The Labour Appellate Tribunal (LAT) in Dhaka has extended the term of bail, granted to four top officials of Grameen Telecom including its Chairman Nobel Laureate Prof Dr Muhammad Yunus, until August 14 - in a case filed on charge...

Govt to intensify grabbed forest land recovery drive

FE REPORT | 2024-07-05 00:00:00

The government is going to intensify its efforts to recover 187,000 acres of illegally occupied forest lands from the grabbers as the ministry concerned already showed some success in this regard.Until June, the Ministry of Environment, Forest and Climate Change...

BD youth injured in BSF shooting in Chuadanga

2024-07-05 00:00:00

CHUADANGA, July 04 (UNB): A Bangladeshi youth was injured in a shooting by Indian Border Security Force (BSF) along the Thakurpur border in Damurhuda upazila of the district in the early hours of Thursday.The injured is Azmul Hossain (29), son...

Govt using judiciary to suppress people's rights, says Manna

2024-07-05 00:00:00

Nagorik Oikya President Mahmudur Rahman Manna has accused the government of using the judiciary to curb the rights of the country's people, reports UNB."Is this a government? It can't lower the cost of commodities nor ensure our democratic rights. But...

Quader's meeting with teacher leaders suspended

2024-07-05 00:00:00

The meeting between Awami League General Secretary Obaidul Quader and teachers' leaders calling for the scrapping of the 'Prottoy' universal pension scheme has been suspended, reports bdnews24.com.Prof Nizamul Hoque Bhuiyan, the secretary general of the Federation of Bangladesh University Teachers'...

AL turns into 'barbaric' organisation, says Rizvi

2024-07-05 00:00:00

Stating that Awami League (AL) has become a 'barbaric' organisation, BNP Senior Joint Secretary General Ruhul Kabir Rizvi on Thursday alleged that opposition leaders are being attacked by ruling party 'cadres' in different parts of the country at the behest...

BNP has infiltrated students’ teachers’ movements: Hasan

2024-07-05 00:00:00

Foreign Minister Hasan Mahmud has said Bangladesh Nationalist Party (BNP) has infiltrated student and teacher movements over quota system and pension, as the party 'lacks the capability to initiate independent actions.', reports UNB. "Those fuelling and trying to mislead people...

'AL, police attacks on BNP to stop misrule protest'

FE REPORT | 2024-07-05 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir has accused the government of resorting to attacks on its leaders and activists across the country."The dummy government of Awami League (AL) has resorted to brutal attacks on BNP leaders...

BNP’s stance not of a pro-people political party: Quader

2024-07-05 00:00:00

Awami League (AL) General Secretary Obaidul Quader has said BNP could not become a people-centric political party, reports BSS."BNP is always opposite to democratic norms. It is very difficult to solve the crisis prevailing in our democratic politics as BNP...

Asian stocks draw robust foreign inflows

2024-07-05 00:00:00

July 4 (Reuters): Foreign investors channelled massive money into Asian equities in June, after two months of selling, as easing U.S. price pressures raised hopes that the Federal Reserve would cut interest rates this year.Market optimism was further fuelled by...

European shares advance on rate optimism; UK elections in focus

2024-07-05 00:00:00

July 4 (Reuters): European shares rose on Thursday amid optimism around U.S. interest rate cuts following soft economic data, while London markets gained as voting began in the UK with opinion polls predicting a historic win for the Labour party.The...

Trump presidency would cause ‘spike in US bond yields’

2024-07-05 00:00:00

LONDON, July 4 (Reuters): A win for Donald Trump in the U.S. presidential election in November would herald a spike in long-term U.S. Treasury yields, said Edmond de Rothschild Asset Management's Chief Investment Officer Benjamin Melman on Thursday.Trump's approach on...

Stocks extend record run, pound steady as UK votes

2024-07-05 00:00:00

LONDON/SYDNEY, July 4 (Reuters): World stocks clocked up more record highs on Thursday after U.S. data had narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters headed to the...

German industrial orders decline again

2024-07-05 00:00:00

FRANKFURT, July 04 (AFP): German factory orders fell for a fifth consecutive month in May, official data showed Thursday, the latest sign that the recovery in Europe's biggest economy was struggling to gain momentum.New orders, closely watched as an indicator...

China, EU held talks on impending EV tariffs

2024-07-05 00:00:00

BEIJING, July 04 (Reuters): China and Europe held several rounds of technical talks over tariffs on Chinese electric cars that the European Commission is set to confirm on Thursday, China's commerce ministry said at a regular news conference."To date, a...

Janata Bank, National Pension Authority sign MoU

2024-07-05 00:00:00

Md Abdul Jabber, managing director of Janata Bank PLC, and Kabirul Ezdani Khan, executive chairman of National Pension Authority, shake hands after signing a memorandum of understanding in Dhaka on Wednesday.

Duranta bicycle figures in Eurobike fair

2024-07-05 00:00:00

'Duranta', a bicycle brand of the country's leading business conglomerate RFL, is participating in Eurobike, the international exhibition of bicycle. The five-day exhibition started in Frankfurt of Germany on July 03. About 1,800 companies from 60 countries across the globe...

Al-Arafah Islami Bank opens 220th branch in Panchagarh

2024-07-05 00:00:00

Al-Arafah Islami Bank PLC opened its 220th branch at Atwari in Panchagarh district on Thursday. Managing Director and CEO of the bank Farman R Chowdhury inaugurated the branch as the chief guest while Bogura Zonal Head and Executive Vice President...

Islami Bank opens Bhatiary sub-branch

2024-07-05 00:00:00

Islami Bank Bangladesh PLC opened its Bhatiary sub-branch under Pahartali Branch in Chattogram on Thursday. Miftah Uddin, Deputy Managing Director of the bank, inaugurated the sub-branch as the chief guest. Mohammad Nurul Hossain Kawsar, Executive Vice President & Head of...

Walton pays Tk 39.3m to Govt Workers Welfare Fund

2024-07-05 00:00:00

Walton Hi-Tech Industries PLC, country's superbrand and leading electronics manufacturer, has paid around Tk 39.3 million (3.93 crore) to the Bangladesh Worker's Welfare Foundation under the Labour and Employment Ministry from the profit of the company in the fiscal year...

PM calls for enhanced trade and investment between BD, Spain

2024-07-05 00:00:00

Prime Minister (PM) Sheikh Hasina emphasised the need for increased trade and commerce between Bangladesh and Spain to foster mutual cooperation and benefits, reports UNB."We want to increase the business between Bangladesh and Spain," she said.The Premier made the remark...

Manipulators who turned Himadri into most expensive stock fined

FE REPORT | 2024-07-05 00:00:00

The stock market regulator has finally penalised one individual investor, and three firms with fines of Tk 17 million in total for manipulating Himadri's stock price.The Bangladesh Securities and Exchange Commission (BSEC) also fined two other individual investors Tk 1.1...

BSEC suspends trades by another RACE-managed fund

FE REPORT | 2024-07-05 00:00:00

The securities regulator has suspended any type of transactions by an alternative fund run by RACE Asset Management after it found evidence of share trading between mutual funds and the alternative fund in violation of law. In a regulatory order...

EBL launches Skybanking app

2024-07-05 00:00:00

Eastern Bank has commercially launched its revamped mobile banking app- EBL Skybanking with numerous new features, user friendliness, and robust security. The EBL Skybanking app was formally unveiled by Ali Reza Iftekhar, managing director of EBL at a ceremony held...

Dhaka Bank sets sights on digital push, NPA reduction

JUBAIR HASAN | 2024-07-05 00:00:00

Dhaka Bank PLC seeks to solidify its position within the country's banking sector by prioritising digital transformation and loan recovery efforts to bring down non-performing assets (NPAs).This vision steers the second-generation commercial bank towards increased focus on micro-banking operations, while...

Blue chips' rally brings back enthusiasm in prime index

FE REPORT | 2024-07-05 00:00:00

The prime index climbed 2.3 per cent on Thursday, the biggest single-day gain in more than 31 months, as buoyant investors made fresh bets on blue-chip shares, riding on renewed optimism.The market rally was largely supported by fundamentally-strong stocks that...

Tesla cars for first time on Chinese govt purchase list

2024-07-05 00:00:00

SHANGHAI, July 04 (Reuters): Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper...

Volvo Cars' June sales rise on fully electric model boost

2024-07-05 00:00:00

COPENHAGEN, July 04 (Reuters): Volvo Cars' sales in June rose 8 per cent to 71,514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model EX30, the...

Chinese premier calls for international AI cooperation

2024-07-05 00:00:00

SHANGHAI, July 04 (AFP): Chinese Premier Li Qiang on Thursday called for global cooperation and a more open mindset in artificial intelligence, as a rivalry between Beijing and Washington heats up in the nascent tech field.China has raced to catch...

Concord Entertainment, Abul Khair Condensed Milk sign agreement

2024-07-05 00:00:00

Concord Entertainment Co Ltd and Abul Khair Condensed Milk & Beverage Ltd have partnered to bring exceptional experiences to the visitors at the enchanting world of Foy's Lake Concord Amusement World in Chattogram, says a press release. The two companies...