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Modi to seek early discharge of Indians from Russian army in Moscow talks

2024-07-06 00:00:00

NEW DELHI, July 05 (Reuters): The early discharge sought by India of its nationals who were "misled" into serving in the Russian army is expected to be discussed during Prime Minister Narendra Modi's visit to Moscow next week, his foreign...

Biden says 'I'm not going anywhere' as calls to quit race grow

2024-07-06 00:00:00

WASHINGTON, July 05 (Reuters): President Joe Biden said "I'm not going anywhere" as he faced calls by many Democrats to end his re-election bid, using the Fourth of July celebrations on Thursday to hit back at doubts about his stamina...

Iranians vote in run-off presidential race amid widespread apathy

2024-07-06 00:00:00

DUBAI, July 05 (Reuters): Iranians voted on Friday for a run-off presidential election that will test the clerical rulers' popularity amid voter apathy at a time of regional tensions and a standoff with the West over Tehran's nuclear programme.State TV...

World leaders congratulate Starmer after stunning election win

2024-07-06 00:00:00

LONDON, July 05 (Al Jazeera): Keir Starmer has become the United Kingdom’s new prime minister after his centre-left opposition Labour Party swept to a landslide victory, ending 14 years of Conservative rule.“The work for change begins immediately,” Starmer said in...

Thai, Vietnam rice export rates drop

2024-07-06 00:00:00

Prices of rice exported from Thailand and Vietnam slipped this week on slow buying as traders await import policy changes from their major buyer Philippines to take effect, while high freight rates hit African demand for the Indian variety, reports...

Robusta coffee prices climb on tight supplies

2024-07-06 00:00:00

LONDON, July 5 (Reuters): Robusta coffee futures on ICE were higher on Thursday as the market continued to derive support from tight supplies in top producer Vietnam while London cocoa prices also rose.New York-based raw sugar, arabica coffee and cocoa...

Gold hovers near two-week high

2024-07-06 00:00:00

Gold prices were little changed on Thursday near a two-week high after softer-than-expected US economic data spurred hopes of interest rate cuts as early as September and focus shifted to non-farm payrolls data, reports Reuters.Spot gold was almost unchanged at...

India's solar output grows at six years’ slowest in 1H

2024-07-06 00:00:00

SINGAPORE, July 5 (Reuters): India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on...

Copper prices steady

2024-07-06 00:00:00

LONDON, July 5 (Reuters): Copper prices firmed slightly on Thursday as investors balanced optimism over potential US interest rate cuts with concern about high inventories and lacklustre demand in China.Three-month copper on the London Metal Exchange (LME) was up 0.1...

Weak Chinese demand dents India's diamond exports

2024-07-06 00:00:00

MUMBAI, July 5 (Reuters): India's cut and polished diamond exports have been faltering due to weak demand from the key market, China, and they are unlikely to stabilize unless the government provides support to the industry, the head of a...

New UK government faces tough economic challenge

2024-07-06 00:00:00

LONDON, July 5 (AFP): Britain's new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered by strained state finances following huge Covid expenditures.The...

S. Alam & Co joins hands with govt to revive state-owned sugar mills

2024-07-06 00:00:00

S. Alam & Co., one of the leading industrial groups of the country, has joined hands with the government for sugarcane production and modernization of sugar mills in Bangladesh to make the sugar industry profitable, reports UNB.These projects will be...

Why trademark registration important for businesses

Ummay Shahera Anika | 2024-07-06 00:00:00

Trademarks help make money for an owner or business. Nowadays, it is more beneficial for businesses. The Internet helps quickly promote a worldwide logo, brand, tagline or symbol.Intellectual property or IP is an asset that comes to mind. It is...

German industrial output unexpectedly falls

2024-07-06 00:00:00

FRANKFURT, Germany, July 5 (AFP): German industrial production unexpectedly fell in May, official data showed Friday, fuelling concerns that a tentative recovery in Europe's largest but beleaguered economy is losing steam.Output dropped 2.5 percent month-on-month, federal statistics agency Destatis said,...

Hungary will not pay 'unfair' fine for breaching EU asylum rules

2024-07-06 00:00:00

Hungary, which took over the EU's rotating presidency this week, on Friday said it would not pay a multi-million-euro fine imposed by the bloc's top court for violating asylum rules.In June, the European Court of Justice fined Hungary 200 million...

Asian Paints bets on BD paint boom with R&D, modern facility

SAIF UDDIN | 2024-07-06 00:00:00

Asian Paints is looking to further strengthen its position in the Bangladesh market by providing the best quality products and services, as the paint maker sees the local economy as having high potential.Strong research and development, along with Asian Paints'...

Chattogram Customs collects Tk688.66b revenue in FY 24

NAZIMUDDIN SHYAMOL | 2024-07-06 00:00:00

CHATTOGRAM, July 05: The Customs House, Chattogram (CHC), largest revenue collection centre in Bangladesh, collected a total of Tk688.66 billion (Tk 68,866 crore) revenue in the last fiscal year (FY)2023-24.The CCH collected Tk74.02 billion (Tk 7,402 crore) more revenue in...

Why is there no control over the market?

2024-07-06 00:00:00

The market system in Bangladesh is a constant source of frustration for many, as prices often increase with no clear explanation. Unscrupulous traders exploit situations like transportation issues, low supply, or religious festivals to destabilise the market.Despite frequent calls for...

Lingering gas crisis

2024-07-06 00:00:00

The ongoing gas crisis, now spanning a month, poses a significant challenge and inconvenience for household, commercial, and industrial users. Refuelling vehicles with CNG is consuming 3-4 hours daily due to low pressure, which is especially burdensome for those who...

Making the airport shuttle bus service effective

Tanim Asjad | 2024-07-06 00:00:00

It was long overdue. The service should have been introduced much earlier. Lack of long-term vision was the main obstacle to go ahead. Though many people suggested taking the initiative, the authorities were indifferent. Finally, the government has taken a...

Fighting extreme weather conditions

2024-07-06 00:00:00

Recently, different parts of the world have been witnessing heatwaves marked by record-breaking temperatures. Worse, the condition is lingering on indefinitely. Climatologists blame it on global warming, a symptom of climate for which human actions have a big role to...

Energy price fluctuations and implications for Bangladesh

Abdur Zabbar Sakil and Md Tuhin Ahmed | 2024-07-06 00:00:00

There is no denying that maintaining Bangladesh's macroeconomic stability and achieving its development goals requires consistent and uninterrupted energy supply. Bangladesh's energy landscape is predominantly shaped by fossil fuels, with natural gas including Liquefied Natural Gas (LNG), coal, and oil...

We will continue our efforts in promoting jackfruit: FAO

2024-07-05 00:00:00

FAO Representative in Bangladesh Jiaoqun Shi on Thursday said FAO Bangladesh has taken many steps to promote jackfruit since the launch of One Country One Priority Product (OCOP) initiative last year, including the formation of OCOP national taskforce, reports UNB."We...

Taxman Enamul's illegal assets up for seizure

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

A Dhaka court on Thursday ordered the attachment of a nine-storey house, two flats and three commercial spaces owned by Mohammad Enamul Haque, commissioner of the Customs Valuation and Internal Audit Department.Dhaka Metropolitan Sessions Judge As-Sams Jaglul Hossain issued this...

Recruiters asked to refund hapless workers

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

The expatriates' welfare ministry has asked recruitment agencies to return money within 15 days to the aspirant workers who failed to go to Malaysia.State Minister for Expatriates' Welfare and Overseas Employment Shofiqur Rahman Chowdhury said this on Thursday while addressing...

Court orders to attach properties of Matiur, family members

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

A Dhaka court on Thursday, granting a petition filed by the Anti-Corruption Commission (ACC), ordered attachment of 1,017-decimal land and four flats owned by Matiur Rahman, former member (Customs and Excise) of the National Board of Revenue, and two of...

Apparel exports to US drop over 13pc in January-May

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

The country's apparel exports to the United States, its largest destination, sustained a double-digit decline in the first five months of 2024, reaching $2.90 billion. Data released by the Office of Textiles and Apparel (OTEXA) under the US Department of...

Public varsity teachers observe strike for 4th straight day

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

Public university teachers and employees, including Dhaka University (DU), observed work abstention for the 4th consecutive day on Thursday demanding their exclusion from the "Prottoy" scheme under the Universal Pension Scheme.As a result, all the activities of DU, including classed...

Sylhet flood situation 'stable'

2024-07-05 00:00:00

Flooding north and northwestern regions may deteriorate in the north and northwest while the situation will be stable in the northeastern Sylhet region, the Flood Forecasting and Warning Centre has said.Except the Kushiyara, the water level of other major rivers...

Students continue protest against FF quota

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

Public university students in their thousands across the country erupted into a storm of protests against the reinstatement of quota for freedom fighters in government jobs on Thursday.Students from Dhaka University (DU), Jahangirnagar University (JU), Rajshahi University (RU), Chattogram University...