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Maersk hikes 2024 outlook again as Red Sea disruption boosts profit

2024-08-02 00:00:00

COPENHAGEN, Aug 01 (Reuters): Shipping company Maersk on Thursday raised its full-year guidance on the back of strong container market demand and the crisis in the Red Sea, but also said the outlook for the fourth quarter was uncertain.Maersk said...

US Fed's Powell flags cuts 'as soon as' September

2024-08-02 00:00:00

WASHINGTON, Aug 01 (AFP): The US Federal Reserve left its key lending rate unchanged again on Wednesday, but signaled that it could make its first cut as soon as September.After two days of deliberations, policymakers voted unanimously to maintain the...

China woes hit BMW as profit margin falls

2024-08-02 00:00:00

BERLIN, Aug 01 (Reuters): BMW reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Thursday, hitting its shares as heightened competition and weaker demand in China weighs on the sector.The German automaker's earnings before...

11th AGM of Rupali Bank Securities held

2024-08-02 00:00:00

The 11th Annual General Meeting (AGM) of Rupali Bank Securities Limited (RBSL), a subsidiary of state-owned Rupali Bank PLC, was held at its head office at Motijheel in Dhaka on Thursday. Managing Director & CEO of the bank and Chairman...

878th EC meeting of Shahjalal Islami Bank PLC held

2024-08-02 00:00:00

The 878th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of the EC of the...

Jamuna Bank inaugurates 'Masabo Sub-Branch' in Narayanganj

2024-08-02 00:00:00

Jamuna Bank PLC inaugurated its 111th sub-branch in Narayanganj recently. Member of the Parliament of Narayanganj-01 constituency and the Standing Committee Chairman of Ministry of Textile & Jute Golam Dastagir Gazi, Birprotik was present as the chief guest at the...

IPDC posts 9.3pc growth in H1 revenue

2024-08-02 00:00:00

Amidst economic challenges and high inflation, IPDC Finance Limited has reported impressive profits for the first half (H1) of 2024, says the non-bank financial institution in a statement received on Thursday. The company's revenue for the period increased by 9.3...

US-Bangla starts direct Jeddah flights

FE REPORT | 2024-08-02 00:00:00

US-Bangla Airlines on Thursday started direct flights from Dhaka to Jeddah, the second largest city in Saudi Arabia.Civil Aviation and Tourism minister Muhammad Faruk Khan officially announced the inauguration of Dhaka-Jeddah flight at a hotel in the city. US-Bangla will...

Telecom, IT sector losses estimated to be Tk 180b

FE REPORT | 2024-08-02 00:00:00

The country's telecommunication and information technology sector suffered a loss of around Tk 180 billion in 10 days of internet shutdown amid students' job quota reform movement.State Minister for Posts, Telecommunications and Information Technology Zunaid Ahmed Palak shared the loss...

51-year-old Turkish shooter goes viral

2024-08-02 00:00:00

CHATEAUROUX, France, Aug 01 (AP): Turkish pistol shooter Yusuf Dikec has gone viral on social media for his seemingly casual attitude while shooting his way to a silver medal at the 2024 Olympics.The most-shared images show Dikec shooting in a...

Zheng stuns Swiatek

2024-08-02 00:00:00

PARIS, Aug 01 (AFP): Zheng Qinwen stunned women's world number one Iga Swiatek on Thursday to become the first Chinese player to reach an Olympic Games tennis singles final.Seventh-ranked Zheng triumphed 6-2, 7-5 and will face either Croatia's Donna Vekic...

BCB requests government for security consultant for Pakistan tour

2024-08-02 00:00:00

Bangladesh Cricket Board (BCB) officials said that they have requested the government to provide them a security consultant during the forthcoming tour of Pakistan, reports Cricbuzz.Bangladesh, who will travel to Pakistan on August 17, is set to play a two-match...

India, Sri Lanka face off in ODI today

2024-08-02 00:00:00

COLOMBO, Aug 01 (Agencies): India and Sri Lanka are set to kick off a highly-anticipated ODI series in Colombo on Friday. India are still buoyant after their T20 World Cup triumph but skipper Rohit Sharma said Thursday his men were...

China's Yang wins women's 20km race walk gold

2024-08-02 00:00:00

PARIS, Aug 01 (Xinhua): World record holder Yang Jiayu claimed the first athletics gold for China at the Paris Olympics, winning the women's 20km race walk in one hour, 25 minutes and 54 seconds on Thursday.Yang, who finished 12th at...

Paris 2024 village thefts reported to police

2024-08-02 00:00:00

PARIS, Aug 01 (Reuters): Athletes have been victims of thefts at the Paris 2024 Olympic village and the incidents had been reported to the police, organisers said on Thursday.The Kyodo news agency on Monday reported that a Japanese rugby sevens...

Chicago corn falls below $4

2024-08-02 00:00:00

CHICAGO, Aug 01 (Reuters): Chicago December corn futures settled below $4 and hit a contract low on Wednesday as favorable US crop prospects weighed and farmers began selling their hefty supplies of old crop corn, traders said.Wheat stabilized as a...

Gold erases Fed-inspired gains as US dollar rebounds

2024-08-02 00:00:00

NEW DELHI, Aug 01 (Reuters): Gold prices dipped as the dollar rebounded on Thursday, after bullion hit two-week highs earlier in the session on Federal Reserve Chair Jerome Powell's indications that a September interest rate cut might be considered.Spot gold...

Mideast airlines witness 9.6pc demand growth in June

2024-08-02 00:00:00

RIYADH, Aug 01: Airlines operating in the Middle East witnessed a 9.6 per cent growth in passenger demand in June compared to the same period in 2023, driven by the summer holiday season, according to an industry body. The International...

OPEC+ sticks to oil policy, Oct hike can be paused

2024-08-02 00:00:00

MOSCOW/LONDON, Aug 1 (Reuters): A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start unwinding one layer of output cuts from October, and repeated that the hike could be paused or reversed if...

News in Brief -2024-08-02

2024-08-02 00:00:00

Under pressure from allies, Maduro asksSupreme Court to audit polls resultCARACAS (Venezuela), Aug 01: Venezuela's President Nicolás Maduro said he asked the country's Supreme Court to conduct an audit of the presidential election, after opposition leaders disputed his claim of...

11 dead, over 250 missing as rains lash India

2024-08-02 00:00:00

NEW DELHI, Aug 01 (Reuters): At least 11 people died after heavy rain lashed various parts of northern India on Thursday and more than 250 people were missing after downpours in the Himalayas, including pilgrims stranded on a famous pilgrimage...

Khaled Meshaal tipped to be new Hamas leader

2024-08-02 00:00:00

GAZA, Aug 01 (Reuters): Khaled Meshaal, tipped to be the new Hamas leader, became known around the world in 1997 after Israeli agents injected him with poison in a botched assassination attempt on a street outside his office in the...

Iran calls for revenge at funeral of Haniyeh

2024-08-02 00:00:00

TEHRAN, Aug 01 (AFP): Iran held a funeral ceremony on Thursday with calls for revenge after the killing in Tehran of Hamas political chief Ismail Haniyeh in a strike blamed on Israel.The Islamic republic's supreme leader Ayatollah Ali Khamenei led...

Prosecutors won't seek death penalty

2024-08-02 00:00:00

NEW YORK, Aug 01 (BBC): Three of the men accused of plotting the 11 September 2001 attacks on the US have entered into a pre-trial agreement, the Department of Defense says.Khalid Sheikh Mohammed, Walid Muhammad Salih Mubarak Bin Attash, and...

Water scarcity hits jute retting in dists

OUR CORRESPONDENTS | 2024-08-02 00:00:00

Retting of jute plants is being hampered much to the frustration of farmers due to scarcity of water as rivers, canals, ditches and ponds are running dry in the current season in Pabna, Gaibanda, Rangpur, Lalmonirhat and Chandpur districts. In...

Fate of protesting expatriates

2024-08-02 00:00:00

Remittance is playing a crucial role in mitigating the impact of the current turbulent global economy. Bangladesh ranks third among South Asian countries in receiving remittances. Statistics indicate that the total amount of remittances received by the country in the...

Replacing plastic bags with jute bags

2024-08-02 00:00:00

Despite the High Court's verdict favouring a ban in 2020, plastic bags are still being used in hotels, restaurants, and shops. The continued use of single-use plastic is responsible for heavy pollution, threatening the sea, rivers, lakes, and fish species...

Why are construction regulations flouted?

Shiabur Rahman | 2024-08-02 00:00:00

Flouting the building construction regulations and ignoring the city development authorities' approval have become so rampant in Bangladesh that it will be nearly impossible to find any fully compliant building. One of the main reasons for Dhaka being an unliveable...

Soaring spirit of the Olympics

Nilratan Halder | 2024-08-02 00:00:00

Called the greatest show on earth, the Olympics showcases the soaring human spirit at its summit in multidisciplinary games and sports. The beauty of the competition unfolds in myriad forms of physical ability, skills, tactics, resourcefulness of mind, endurance or...

Apparel sourcing from Bangladesh

2024-08-02 00:00:00

The countrywide turmoil and the overall depressing scenario prevailing for well over a fortnight are highly likely to leave an adverse impact on exports, especially that of apparel. This is particularly because the country's number one export product is largely...