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Egypt plans to add 30GW of renewable energy capacity

2024-08-15 00:00:00

RIYADH, Aug 14 (Arab News): Egypt aims to save $4.1 billion annually in fuel costs by adding 30 gigawatts of new renewable energy capacity, as revealed in a recent government meeting.This initiative is part of the country's larger strategy to...

UBS to sell Credit Suisse's US mortgage servicing business

2024-08-15 00:00:00

ZURICH, Aug 14 (Reuters): UBS on Tuesday agreed to sell Credit Suisse's US mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday, without naming the buyer.Tuckner, who was speaking on a call with analysts following publication of...

N Zealand cuts rates for first time in four years

2024-08-15 00:00:00

WELLINGTON, Aug 14 (AFP): New Zealand's central bank cut interest rates Wednesday for the first time in four years as worldwide efforts to rein in inflation draw to an end, though officials offered a warning about the global economic outlook.The...

Reliance, Disney offer concessions to win antitrust nod for India media merger

2024-08-15 00:00:00

NEW DELHI, Aug 14 (Reuters): Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources...

New Chairman of the Chittagong Port Authority

2024-08-15 00:00:00

New Chairman of the Chittagong Port Authority (CPA), Rear Admiral S.M. Moniruzzaman, met with the former officials of the port on Wednesday. The Retired Port Officers Welfare Association (RPOWA) greeted the new CPA chairman with a bouquet.

UK annual inflation rises first time this year

2024-08-15 00:00:00

LONDON, Aug 14 (AFP): Britain's annual inflation rate rose in July for the first time this year and is now back above the Bank of England's target, official data showed on Wednesday.The Consumer Prices Index (CPI) climbed 2.2 percent in...

Workers strike at world's biggest copper mine in Chile

2024-08-15 00:00:00

SANTIAGO, Aug 14 (BSS): Workers at the world's largest copper mine in Chile are striking after pay talks with Australian resources giant BHP fell apart, casting a shadow of uncertainty Wednesday over the market for the commodity.The Escondida mine in...

Bank accounts of ex-home minister Asaduzzaman Khan, family seized

2024-08-15 00:00:00

The Bangladesh Financial Intelligence Unit (BFIU) has ordered the seizure of the bank accounts of formar home minister Asaduzzaman Khan, his wife Lutful Tahmina Khan, and their son and daughter, reports bdnews24.com.The BFIU issued the order on Tuesday.According to the...

Benapole-Khulna-Mongla commuter train resumes operation

2024-08-15 00:00:00

KHULNA, Aug 14 (BSS): The Khulna-Benapole-Mongla commuter train has started its operation today after 11 days shut down during quota reforms in government services and anti-discrimination students' movement.The Rail Way authority stopped the operation on Khulna-Benapole-Mongla route from last July...

Delta Life Insurance Company distributed umbrellas

2024-08-15 00:00:00

Delta Life Insurance Company Limited distributed umbrellas among the students of anti-discrimination movement and policemen controlling traffic at Gulshan-2 in the city on Tuesday. The students were working tirelessly to control traffic defying rain or shine. Delta Life EVP (HR)...

IFIC Bank PLC -

2024-08-15 00:00:00

IFIC Bank PLC Managing Director Syed Mansur Mustafa spoke at the MD's Town Hall Meeting at the Multipurpose Hall of IFIC Tower in Dhaka on Wednesday.

Rupali Bank gets new chairman

2024-08-15 00:00:00

Former deputy governor of Bangladesh Bank Nazrul Huda has been appointed as Director and Chairman of Rupali Bank PLC. The government has appointed this experienced banker as chairman of the state-owned Rupali Bank for a term of 3 years. The...

New principal coordinator named for SDGs at CA's office

2024-08-15 00:00:00

Lamiya Morshed has been appointed as the Principal Coordinator for Sustainable Development Goals (SDGs) affairs at the office of the Interim Government's Chief Adviser Prof Muhammad Yunus with the status of a senior secretary on a contractual basis, reports UNB.The...

No alternative to overhauling BFIU, ACC, relevant institutions: TIB

2024-08-15 00:00:00

Transparency International Bangladesh (TIB) has emphasized that there is no alternative to strengthening and comprehensively reforming institutions to effectively combat corruption and money laundering and to ensure accountability by identifying those involved in such crimes, reports UNB.Despite substantial evidence of...

Help to rebuild economy, keep business out of politics, CA tells RMG industry

2024-08-15 00:00:00

Professor Muhammad Yunus, Chief Adviser of the interim government, called on the country's garment manufacturers on Wednesday to support the rebuilding of Bangladesh after 15 years of economic plunder under the dictatorship of Sheikh Hasina, reports UNB.Speaking to the leaders...

Gold hovers near all-time high, US inflation data on radar

2024-08-15 00:00:00

Gold prices hovered near record highs on Wednesday, steered by expectations of a Federal Reserve rate cut and persistent Middle East tensions, while the spotlight shifted to U.S. inflation data, reports Reuters.Spot gold was up 0.4 per cent to $2,474.04...

Brent oil holds above $80 as fears over Middle East ease

2024-08-15 00:00:00

LONDON, Aug 14 (Reuters): Oil prices were broadly steady on Wednesday, as concerns that conflict may spread in the Middle East and threaten production in one of the world's major regions for crude production eased slightly.Brent crude futures slipped 10...

News in Brief -2024-08-15

2024-08-15 00:00:00

Yemen government urges UN to moveto its Aden base after Huthi attackDUBAI, Aug 14: The Yemeni government has called on the United Nations to move to second city Aden after Huthi rebels seized its office in the capital Sanaa and...

Israeli strikes kill at least 17 in Gaza

2024-08-15 00:00:00

GAZA, Aug 14 (AP): Palestinian health officials say Israeli strikes across the Gaza Strip overnight and into Wednesday killed at least 17 people, including five children and their parents.The latest strikes came on the eve of new talks aimed at...

Taliban celebrating 3 years in power

2024-08-15 00:00:00

KABUL, Aug 14 (AP): The Taliban celebrated the third anniversary of their return to power at a former U.S. air base in Afghanistan on Wednesday, but there was no mention of the country's hardships or promises of hope for the...

Ukraine attack: 2nd Russian region declares emergency

2024-08-15 00:00:00

MOSCOW, Aug 14 (BBC): A state of emergency has been declared in the Russian border region of Belgorod following attacks by Ukrainian forces.Belgorod Governor Vyacheslav Gladkov said the situation was "extremely difficult" due to daily shelling in the region."Houses are...

Japan set for new PM

2024-08-15 00:00:00

TOKYO, Aug 14 (BBC): Japan's Prime Minister Fumio Kishida will not seek re-election as leader of the ruling Liberal Democratic Party (LDP), which he says needs a "new start".The 67-year-old LDP veteran is expected to step down as PM after...

Thai court sacks PM Srettha

2024-08-15 00:00:00

BANGKOK, Aug 14 (AFP): Thailand's Constitutional Court sacked Prime Minister Srettha Thavisin on Wednesday, branding him dishonest in a ruling in an ethics case that throws the kingdom into fresh political turmoil.The judges ruled 5-4 that Srettha breached regulations by...

Uncapped Maphaka named in SA T20 squad for Windies series

2024-08-15 00:00:00

JOHANNESBURG, Aug 14 (Reuters): Teenage fast bowler Kwena Maphaka and all-rounder Jason Smith have been called up to South Africa's Twenty20 squad for the first time for a three-match series in the West Indies, Cricket South Africa announced on Wednesday.The...

'Short memory' the key to success for Sabalenka

2024-08-15 00:00:00

CINCINNATI, Aug 13 (AFP): Aryna Sabalenka detailed her current tennis philosophy on Tuesday, with the three-time Cincinnati Masters semi-finalist revealing she's quick to forget about her losses."Every week is a new tournament," the two-time Australian Open champion said as she...

Pakistan to host Bangladesh 2nd Test without spectators

2024-08-15 00:00:00

KARACHI, Aug 14 (Geo Tv): No spectators will be allowed in Karachi's National Stadium during the second Test match between Pakistan and Bangladesh owing to the ongoing renovations, said the Pakistan Cricket Board (PCB) Wednesday."We understand the vital role that...

U-20 nat'l football team to leave for Nepal tomorrow

2024-08-15 00:00:00

Bangladesh U-20 national football team will leave in the city for Nepal tomorrow (Friday) to take part in the SAFF U-20 Championship scheduled to be held from August 18-28 in Kathmandu, the capital of Nepal, reports BSS.The Bangladesh team, the...

PCB approves stadiums' designs ahead of Champions Trophy

2024-08-15 00:00:00

As the Pakistan Cricket Board (PCB) gears up to host the Champions Trophy 2025 in February, the board's Chairman Mohsin Naqvi has given his nod for the upgradation of Lahore, Karachi, and Rawalpindi stadiums, according to Pakistani Tv channel Geo...

Shakib joins Tigers in Lahore

2024-08-15 00:00:00

Star allrounder Shakib Al Hasan joined the team as the Tigers began their training session in Lahore to prepare them for the two-match Test series against Pakistan, reports BSS.Shakib joined the team straight from the USA, where he was with...

Let revolution not lose spirit

2024-08-15 00:00:00

Recent events, while fought on the streets, have been significantly influenced by social media, shaping the actions and narratives that have led us to this new path towards democracy and freedom.With every revolution, it is crucial to sustain the momentum...