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Global smartphone market grew 6.5pc in Q2

2024-07-16 00:00:00

Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in...

Amazon Prime Day sales to hit record $14b, data firm says

2024-07-16 00:00:00

Shoppers are likely to spend roughly $14 billion during Amazon's Prime Day two-day shopping event this week, according to projections from Adobe Analytics,a firm that studiese-commerce transaction data, reports Reuters.Spending at Amazon on Tuesday and Wednesday could rise 10.5 per...

ISLAMI BANK SIGNS DEAL WITH NAGAD ON REMITTANCE SERVICES

2024-07-16 00:00:00

Islami Bank Bangladesh PLC and Nagad Limited signed an agreement regarding remittance services. From now on, Nagad customers can connect with Islami Bank to collect remittances sent from over 200 countries around the world quickly and easily and withdraw money...

HSBC SIGNS AGREEMENT WITH BEPZA

2024-07-16 00:00:00

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has recently signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to relocate its EPZ offices in Dhaka and Chattogram. Md. Ashraful Kabir, Member, (Investment Promotion), BEPZA; and Devesh Mathur,...

TARA, MetLife team up to provide insurance benefits for rural women

2024-07-16 00:00:00

BRAC Bank TARA has partnered with MetLife to provide a Micro Deposit Insurance Facility at no cost to rural women through the BRAC Bank Agent Banking Channel. This initiative, funded by a grant from the Gates Foundation, aims to enhance...

Shamsul Islam re-appointed as MD of National Housing Finance

2024-07-16 00:00:00

Mohammad Shamsul Islam has been re-appointed as Managing Director of National Housing Finance PLC for three more years with effect from July 16, says a press release. Mr. Islam joined NHF PLC as Additional Managing Director in February 2021 and...

DU emerges as champion

FE DESK | 2024-07-16 00:00:00

The Trophy and Certificate Distribution Ceremony for the BIAC International Inter-University Arbitration Contest 2023 was held at the BIAC office in Dhaka on Sunday, says a press release. This year marks the fourth consecutive year of the contest, which featured...

Maersk launches new ocean service to supercharge BD-China trade

FE REPORT | 2024-07-16 00:00:00

Danish shipping and logistics company AP Moller-Maersk has launched a new ocean shipping service between China and Bangladesh to meet rising trade demand, especially in the retail sector.The new service, called SH3, began on 7 July 2024, increasing capacity on...

US drillers cut oil and gas rigs for fifth time in six weeks

2024-07-16 00:00:00

US energy firms this week cut the number of oil and natural gas rigs operating for the fifth time in six weeks, energy services firm Baker Hughes said in its report on Friday.The oil and gas rig count, an early...

Robusta coffee edges higher

2024-07-16 00:00:00

LONDON, July 15 (Reuters): Robusta coffee futures on ICE rose on Monday, edging towards last week's record high as a drop in shipments from top robusta producer Vietnam keeps supplies tight.September robusta coffee rose 0.3 per cent to $4,631 a...

Gold hovers above $2,400 mark

2024-07-16 00:00:00

Gold prices were largely unchanged on Monday and held above the key mark of $2,400 per ounce, as traders awaited more US economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate...

Traders face $1 billion loss on faltering Ghana cocoa supply

2024-07-16 00:00:00

LONDON/ACCRA, July 15 (Reuters): Trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market, six industry sources told...

Oil holds its ground as Chinese demand concerns weigh

2024-07-16 00:00:00

LONDON, July 15 (Reuters): Oil held its ground on Monday as downward pressure from concern about demand in top importer China offset support from strong demand elsewhere, OPEC+ supply restraint and geopolitical tensions in the Middle East.The reaction of the...

Kane, Olmo among winners of Euro 2024 Golden Boot award

2024-07-16 00:00:00

BERLIN, July 15 (AP): England striker Harry Kane finished Euro 2024 in a six-way tie for the Golden Boot top scorer as his team lost the final 2-1 to Spain. It was another individual accolade for a player yet to...

Defeat extends England's '58 years of hurt'

2024-07-16 00:00:00

BERLIN, July 15 (Agencies): England failed to end '58 years of hurt' as their Euro 2024 final defeat by Spain in Berlin meant the 1966 World Cup remains their only men's trophy.Gareth Southgate has transformed England's fortunes at major tournaments...

Martinez seals Copa America Golden Boot

2024-07-16 00:00:00

BAKU, July 15 (Agencies): Argentina's Lautaro Martinez sealed the Copa America's Golden Boot with his winner in the final as Colombia's James Rodriguez was named the best player.James Rodriguez and Lautaro Martinez scooped the top awards at the 2024 Copa...

Prime Minister Sheikh Hasina handing over the cheque of runners-up-

2024-07-16 00:00:00

Prime Minister Sheikh Hasina handing over the cheque of runners-up of the Sheikh Hasina Inter-bank Football Tournament-2024 to Standard Bank's Chairman Kazi Akram Uddin Ahmed and Managing Director & CEO (Acting) Mohammad Mohon Miah at a programme at Army Stadium...

'I have to keep going': Alcaraz plotting golden path to greatness

2024-07-16 00:00:00

LONDON, July 14 (Reuters): There was a moment of euphoria after Carlos Alcaraz finished off Novak Djokovic to retain his Wimbledon title on Sunday, the usual pumped fists and group hugs with his entourage in the players' box.But an hour...

Argentina win record 16th Copa America title

2024-07-16 00:00:00

MIAMI GARDENS, Florida, July 15 (Agencies): Argentina won a record 16th Copa America title by beating Colombia 1-0 thanks to an extra-time goal from Lautaro Martinez on Monday (as per BST) after the final was delayed for over an hour...

240 agricultural entrepreneurs receive skill dev training

2024-07-16 00:00:00

RAJSHAHI, July 15 (BSS): A skill development training programme was held at Shah Dine Community Center in Rajshahi Monday.On behalf of its agricultural support scheme 'Bhoroshar Notun Janala' United Commercial Bank PLC (UCB) organized the training for 240 agricultural entrepreneurs...

Five jailed for illegal sand extraction from Jamuna

2024-07-16 00:00:00

SIRAJGANJ, July 15 (UNB): A mobile court on Sunday sent five people to jail for 6 months each, over illegal extraction of sand from the Jamuna river in Sirajganj.Tipped off, a mobile court led by Sirajganj Sadar Upazila Assistant Commissioner...

Dhol Kalmi on verge of extinction

OUR CORRESPONDENT | 2024-07-16 00:00:00

GAIBANDHA, July 15: Dhol Kalmi, a herbaceous plant whose stems can be used to make paper, is on the verge of extinction from the district.Once it grew extensively in fields and on roadsides and canal sides in all remote rural...

A pair of chicken costs Tk 70,000!

2024-07-16 00:00:00

BAGERHAT, July 15 (UNB): Faisal Ahmed Shuvo, a college student from a remote village in Bagerhat, has become an inspiration for many unemployed youths in the area for his success in farming of 25 foreign chicken breeds.Inspired by his success,...

Green chilli price goes haywire in Magura

OUR CORRESPONDENT | 2024-07-16 00:00:00

MAGURA, July 15: Green chilli price has become extremely prohibitive in Magura in recent days, reaching as much as Tk350 per kilogram.Although the common cooking item has become costlier in the markets, the growers are being deprived of their expected...

News in Brief -2024-07-16

2024-07-16 00:00:00

Brunei holds grand parade to mark 78th royal birthdayBANDAR SERI BEGAWAN, July 15: Brunei held the traditional Grand Parade on Monday, which will set off a series of events to celebrate the 78th birthday of Brunei's Sultan Haji Hassanal Bolkiah....

Suspected serial killer held after bodies discovered in Kenya quarry

2024-07-16 00:00:00

A suspected serial killer has been arrested in Kenya following the discovery of several bodies at a quarry in Nairobi, with police saying on Monday he had confessed to killing 42 women including his wife, reports BBC.Police said Collins Jumaisi,...

Pakistan govt to ban Imran’s party, file treason case against ex-PM

2024-07-16 00:00:00

Pakistan is planning to ban former Prime Minister Imran Khan's political party and move the country's top court to press treason charges against him, the information minister said on Monday, reports BBC.The move to ban Pakistan Tehreek-e-Insaf (PTI) was based...

Indian troops kill three suspected Kashmir militants

2024-07-16 00:00:00

NEW DELHI, July 15 (AFP): Soldiers in India-administered Jammu and Kashmir have killed three suspected militants, the army said, the latest incident in an uptick of attacks in the disputed northern territory.Muslim-majority Kashmir has been divided between India and Pakistan...

‘I was saved by luck or God,’ Trump says

2024-07-16 00:00:00

MILWAUKEE, July 15 (AFP): Former US President Donald Trump has said he is "supposed to be dead" after Saturday night's assassination attempt at a rally in Pennsylvania.In one of his first interviews since the incident, Mr Trump told conservative US...

Nepal's new Prime Minister KP Sharma Oli sworn in

2024-07-16 00:00:00

KATHMANDU, July 15 (AFP): Nepal's Khadga Prasad Sharma Oli was sworn in as Prime Minister on Monday after his communist party forged a coalition government with the centre-left Nepali Congress.Oli, chief of the second-largest party in the parliament, the Communist...