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Moynul new IGP, Abdullah Al-Mamun goes

FE REPORT | 2024-08-07 12:00:00

Md. Moynul Islam has been appointed as the new Inspector General of Police (IGP), according to online and electronic media. This appointment was announced in a notification of the Home Ministry on Tuesday night.Supernumerary Additional Inspector General of Police Moynul...

Dr. Yunus to head interim govt

FE REPORT | 2024-08-07 12:00:00

An interim government headed by Nobel laureate Dr. Muhammad Yunus will be formed to govern Bangladesh and hold fair polls following the fall of Hasina regime in a student-mass uprising.Anti-discrimination student movement coordinator Nahid Islam disclosed the development at a...

Joby Aviation applies for aircraft certification

2024-08-07 00:00:00

Electric air taxi maker Joby Aviation said on Tuesday the it has formally applied for its aircraft to be certified for use in Australia, reports Reuters.The Santa Cruz, California-based company is among the numerous makers of air taxis, also known...

LATAM Airlines to invest $2b in Brazil over 2 yrs

2024-08-07 00:00:00

SAO PAULO, Aug 6 (Reuters): LATAM Airlines on Monday said that it would invest $2 billion in Brazil, Latin America's largest economy, within the next two years.The Chile-based airline said in a statement it would focus the funding on products,...

Gold prices ease as dollar firms, Fed rate cut hopes lend support

2024-08-07 00:00:00

Gold prices eased on Tuesday as the dollar firmed, although expectations of a US rate cut in September and escalating geopolitical tensions in the Middle East kept bullion above the key $2,400 per ounce level, reports Reuters.Spot gold fell 0.2...

US to invest $2.2b to overhaul national power grid

2024-08-07 00:00:00

The Biden administration said on Tuesday it is investing $2.2 billion to revamp the nation's power grid to protect it against growing threats of extreme weather events, reports Reuters.The US government has been working to overhaul the country's electric transmission...

Oil dips as demand concerns outweigh ME supply fears

2024-08-07 00:00:00

LONDON, Aug 6 (Reuters): Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and...

Oil and gold exports help Canada swing to surprise trade surplus

2024-08-07 00:00:00

OTTAWA, Aug 6 (Reuters): Canada recorded a surprise trade surplus of C$638 million ($461 million) in June, as oil and gold helped exports overtake imports for the first time in 4 months, Statistics Canada data showed on Tuesday.Analysts polled by...

Lucid gets up to $1.5b in funding ahead of electric SUV rollout

2024-08-07 00:00:00

Lucid Group said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV, reports Reuters.The deal comes just...

Sharpie-maker moves operations from China as tariffs loom

2024-08-07 00:00:00

NEW YORK, Aug 6 (Reuters): Sharpie pen maker Newell Brands is moving production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces "uncertainty" on tariffs ahead of the US presidential...

Restore law and order in the interest of economy: DCCI

FE REPORT | 2024-08-07 00:00:00

Dhaka Chamber of Commerce and Industry (DCCI) has called for immediate steps to restore law and order in the interest of the country's economy and stability. "On behalf of the business community, DCCI requests immediate steps to restore law and...

Bata India's Q1 profit rises on one-time gain

2024-08-07 00:00:00

BENGALURU, Aug 6 (Reuters): Footwear maker Bata India reported a nearly 63 per cent rise in first-quarter profit on Tuesday, after four quarters of profit slump, aided by a one-time gain from sale of property.The company, which sells brands such...

SONALI BANK HOLDS 'DOA' SESSION

2024-08-07 00:00:00

Sonali Bank PLC organised a 'doa' session at its head office on Tuesday in memory of those killed during the recent nationwide protests led by students under the banner of 'Student movement against discrimination'. At the event, CEO and Managing...

Call for global brands to consider goings-on in BD

MONIRA MUNNI | 2024-08-07 00:00:00

Two global organisations that work to improve labour rights and conditions in the garment supply chain urged both buyers and suppliers to navigate this transitional period following a regime change.The Fair Wear Foundation (FWF) and the Ethical Trading Initiative (ETI)...

Aftershocks of carry trade at heart of market rout could still have reverberations

2024-08-07 00:00:00

NEW YORK, Aug 6 (Reuters): Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more unwinding in the days ahead raising the risk of shake-outs to other assets.The Nasdaq...

Indian benchmark indexes fail to track global recovery amid profit booking

2024-08-07 00:00:00

BENGALURU, Aug 6 (Reuters): India's benchmark equity indexes fell on Tuesday, contrasting a broadly positive global momentum, dragged by profit booking with analysts citing valuation concerns and global uncertainties as factors denting sentiment.The NSE Nifty 50 index shed 0.26 per...

Most Middle Eastern markets rebound as Fed calms investor nerves

2024-08-07 00:00:00

Most stock markets in the Middle East rebounded on Tuesday, clawing back some of their losses from the previous session when fears of a possible US recession spooked investors, as comments from the Federal Reserve officials soothed their nerves, reports...

Global market rout has more to do with end of cheap funding than US economy

2024-08-07 00:00:00

LONDON, Aug 6 (Reuters): A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the US economic outlook,...

Asia shares look for relief rally after rout

2024-08-07 00:00:00

SYDNEY, Aug 6 (Reuters): Asian share markets were hoping for a relief rally on Tuesday as futures pointed to an opening bounce on the hard-hit Nikkei and central bank officials said all the right things to soothe market nerves.Nikkei futures...

Stocks soar on investor euphoria over political change

FE REPORT | 2024-08-07 00:00:00

The prime index climbed 3.77 per cent, the biggest single-day gain in more than 43 months, on the very first trading day after the end of Sheikh Hasina's regime on Tuesday, riding on renewed optimism.Market analysts said spontaneous participation backed...

Health hazards of toilet scrolling

DR IMTIAZ AHMED | 2024-08-07 00:00:00

Do you use a mobile phone while clearing your bowel in the toilet? Such a person is probably one in a million. Most of us like to spend that time scrolling social media, watching or reading something on the screen,...

A day after a bad night's sleep

FE LIFESTYLE | 2024-08-07 00:00:00

While the country's situation is tumultuous, the people of Bangladesh have forgotten to sleep at night, scrolling social media to know what is happening around them. While almost all of us are suffering from sleep deprivation, it'll take some time...

Coping with anxiety and uncertainty during challenging times

NUSRAT MUNIA | 2024-08-07 00:00:00

In times of uncertainty, anxiety can be a pervasive and unsettling force. And who knows better than the whole generation Z of Bangladesh, who have recently spent weeks of sleepless nights? Such a force within is like an emotion that...

Weather (2024-08-07)

2024-08-07 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Wednesday), according to the Met...

An army personnel showing a place to keep goods

2024-08-07 00:00:00

An army personnel showing a place to keep goods, taken away from the Prime Minister's Office (PMO) in the capital, as some people came to the PMO on Tuesday to return those. — FE Photo

Onlookers gathered after a number of bodies were found

2024-08-07 00:00:00

Onlookers gathered after a number of bodies were found on the road in front of Jatrabari Police Station in the capital on Tuesday following sporadic clashes in the area on the previous day. — FE Photo

MBSTU VC, five others resign

2024-08-07 00:00:00

TANGAIL, Aug 06 (UNB): The Vice-Chancellor (VC) of the Mawlana Bhashani Science and Technology University (MBSTU), prof. Dr. Md Farhad Hossain and five others of the university resigned from their posts on Monday night.Those who resigned are-university proctor Prof. Dr...

Decision on HSC exams today

2024-08-07 00:00:00

The decision on holding the rest of the Higher Secondary Certificate (HSC) examinations will be taken today (Wednesday), reports UNB.The suspended HSC and equivalent examination were scheduled to resume from August 11."But whether the examinations will be held as per...

Don't attack innocent police

2024-08-07 00:00:00

Legal action will be taken after arresting the culprits involved in killing students and general people, said Sohel Rana, Additional Deputy Inspector General of Bangladesh Police, reports UNB."Following the victory of students and people, I am sure that the new...

UP chairman dies while fleeing mob in Chandpur

OUR CORRESPONDENT | 2024-08-07 00:00:00

A Union Parishad (UP) chairman and upazila unit Awami League (AL) leader of Chandpur's Shahrasti upazila has died by drowning in a pond, in which he jumped after a mob of local Anti-AL group was looking for him to attack...