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Urgent assistance needed for flood-hit people to restart life

2024-07-27 00:00:00

"Bangladesh is used to flooding, but climate change is making floods more intense and less predictable, making it impossible for families to stay safe, let alone plan" anything beforehand. This is how the head of BRAC's Disaster Risk Management programme...

Revisiting the ancient Olympic Games

Helal Uddin Ahmed | 2024-07-27 00:00:00

The Olympic Games had its origin exactly 2800 years ago - in the year 776 B.C.E - at the Greek site of Olympia, when some spectators came together to watch a men's foot-race. This classical sporting event of the ancient...

SCBA president blames govt

FE REPORT | 2024-07-26 12:00:00

The Supreme Court Bar Association (SCBA) president blamed the government for the casualties that happened during the recent quota movement, while its secretary blamed the 'anti-liberation forces' for the situation. The two leaders expressed these dissenting opinions in two separate...

Tesla's bleak margins sink shares as Musk hypes everything but cars

2024-07-26 00:00:00

\Tesla shares tumbled 12 per cent on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker's shrinking profit margins,...

Global investors scramble to dodge US election curveballs

2024-07-26 00:00:00

LONDON, July 25 (Reuters): Investors are scrambling to shore up global portfolios against wild market swings ahead of the Nov. 5 US presidential election and backing out of assets stuck in the crosshairs of uncertainty, from big tech stocks to...

Carrier's profit beats estimates on price hikes

2024-07-26 00:00:00

NEW YORK, July 25 (Reuters): Carrier Global surpassed analysts' estimates for second-quarter profit on Thursday, benefiting from price hikes, resilient demand for its heating, ventilating and air conditioning products and aftermarket repair services.The air conditioner maker also said it plans...

China makes surprise cut to key lending rate

2024-07-26 00:00:00

BEIJING, July 25 (AFP): China's central bank on Thursday unexpectedly cut a medium-term interest rate by the most in more than four years, marking the latest move by authorities to boost economic growth.The world's second-largest economy has encountered severe headwinds...

Pak finance minister in Beijing to seek debt relief

2024-07-26 00:00:00

ISLAMABAD, July 25 (Reuters): Pakistan's Finance Minister Muhammad Aurangzeb on Thursday arrived in Beijing to open talks on power sector structural reforms suggested by the International Monetary Fund (IMF), two government sources said.He held a meeting with his Chinese counterpart...

IFIC Bank launches 'IFIC Islamic'

2024-07-26 00:00:00

IFIC Bank launched 'IFIC Islamic,' a shariah-compliant full range of Islamic banking services,aiming to offer comprehensive Islamic financial solutions alongside its conventional banking services. The official inauguration of 'IFIC Islamic' took place on Thursday, July 25, 2024, at the multipurpose...

Dettol, ToguMogu to promote better health for new mothers, children

2024-07-26 00:00:00

Dettol, leading household name in Bangladesh, has recently announced its partnership with ToguMogu, the largest Bangladeshi parenting app, to promote better health for new mothers and children, reports UNB.The signing ceremony was held at the Reckitt's corporate office in Gulshan...

LPG sales boom as unrest fuels demand

2024-07-26 00:00:00

Sales of LPG (liquified petroleum gas) witnessed a boom against the backdrop of the prolonged unrest affecting the country, taking advantage of the fact that prepaid and smart prepaid gas consumers are facing obstacles to recharging their balances, reports UNB.According...

Khairul Alam re-elected chair of AB Bank

2024-07-26 00:00:00

Barrister Khairul Alam Choudhury has been re-elected as AB Bank's chairman for the second consecutive term, according to a press release.Mr. Choudhury is a senior lawyer of the Supreme Court of Bangladesh. He completed his graduation from the University of...

Foreigners sell nearly $1b in Indian equities in 2 days since budget

2024-07-26 00:00:00

BENGALURU, July 25 (Reuters): Foreign investors sold nearly $1 billion worth of Indian equities in the two days since the government raised taxes on derivatives trades and on capital gains from equity investments in its annual budget.Foreign portfolio investors (FPIs)...

Stocks rebound as investors show increased appetite in blue chips

FE REPORT | 2024-07-26 00:00:00

Stocks rebounded strongly on Thursday, after a sharp decline the day before, as investors showed buying appetite in selective blue chip shares in anticipation of a turnaround.The market recovery was mostly supported by price appreciation of blue chip stocks as...

Brokers, dealers ordered to bring back diverted funds to core business

FE REPORT | 2024-07-26 00:00:00

The securities regulator instructed 57 stock brokers & dealers of the Dhaka bourse to bring back funds worth Tk 4 billion within three months into their core business from real estate where the money had been diverted. The core business...

West Indies' Sinclair out of third Test against England

2024-07-26 00:00:00

BIRMINGHAM, United Kingdom, July 25 (AFP): West Indies all-rounder Kevin Sinclair has been ruled out of the series finale against England at Edgbaston after having his forearm fractured by fast bowler Mark Wood in the second Test.Sinclair, only called up...

New Barcelona coach Flick hails 'unbelievable' Lamine Yamal

2024-07-26 00:00:00

BARCELONA, July 25 (AFP): New Barcelona coach Hansi Flick on Thursday hailed the performance of the Spanish club's teenage winger Lamine Yamal at Euro 2024, calling it "unbelievable".Yamal made history in his country's opening game against Croatia by becoming the...

Nadal blocks Djokovic's path in potential round-two clash

2024-07-26 00:00:00

PARIS, July 25 (Reuters): Top seed Novak Djokovic could face 14-times French Open champion Rafa Nadal in a blockbuster second-round match in the Olympic men's singles after the draw was made at Roland Garros on Thursday.Women's top Iga Swiatek of...

Paris abuzz ahead of Olympics' opening ceremony today

2024-07-26 00:00:00

PARIS, July 25 (NBC News): Just a day before the 2024 Paris Olympic Games opening ceremony, the French capital was abuzz Thursday as it prepared to host the world's biggest sporting party.Though the Olympics soft-launched Wednesday with soccer and rugby...

Tigresses, India face off in Asia Cup semis today

2024-07-26 00:00:00

In a bid to confirm the final of the Women's Asia Cup, Bangladesh will take on Indian Women's team in the first semifinal at Rangiri Dambulla International Stadium in Sri Lanka today (Friday), reports BSS.India moved to the semifinal by...

Gold drops over 1.0pc as investors book profits

2024-07-26 00:00:00

Gold slid over 1 per cent on Thursday, falling to its lowest level in two weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest...

FAO urges urgent efforts to combat bird flu

2024-07-26 00:00:00

 BEIJING, July 25 (Reuters): The United Nation's Food and Agriculture Organization on Thursday called for urgent regional efforts to combat a rise in avian influenza cases across the Asia-Pacific region."Since late 2023, we have observed a rise in human cases...

American Airlines cuts profit forecast as sales strategy backfires

2024-07-26 00:00:00

WASHINGTON, July 25 (Reuters): American Airlines on Thursday cut its annual profit forecast, citing its previous sales and distribution strategy that drove away corporate travelers and hit its revenue.The Texas-based airline also highlighted an excess capacity in the domestic market...

Oil slips on gloomy Chinese demand outlook

2024-07-26 00:00:00

Oil prices slipped on Thursday as lacklustre Chinese consumption signalled weaker demand from the world's biggest crude importer, outweighing support from Wednesday's data showing large draws on US oil inventories, reports Reuters.Brent crude futures for September fell 91 cents, or...

Weeklong tree fair begins in Rangamati

2024-07-26 00:00:00

RANGAMATI, July 25 (BSS): A weeklong tree plantation campaign and tree fair-2024 was inaugurated on the premises of the Rangamati municipality in the district on Thursday.On the occasion, a colorful rally was brought out which paraded the important streets and...

B'baria road accident kills three bikers

2024-07-26 00:00:00

BRAHMANBARIA, July 25 (UNB): Three people died in a head-on collision between two motorcycles in the Charpara area of Jindapur of Nabinagar Upazila of Brahmanbaria at 7:30 pm on Wednesday.Mahabub Alam, officer-in-charge of Nabinagar Police Station confirmed the matter.The deceased...

Vehicles stranded as Bhola ferry terminal goes under water

2024-07-26 00:00:00

BHOLA, July 25 (UNB): Ferry services at Bhola's Ilisha ghat, a ferry terminal, have been hampered for the last three days as both its pontoons and a gangway were submerged by the tidal surge caused by a prevailing depression in...

Farmers expect windfall profit from vegetable seedlings

OUR CORRESPONDENT | 2024-07-26 00:00:00

BENAPOLE, July 25: Farmers expect to make a hefty profit from the sale of seedlings of vegetables including cabbage and cauliflower in Churamankathi union of Jashore sadar upazila this season.Cabbage and cauliflower seedlings were produced on 750 bighas of land...

Shoplifting surges 30pc in England

2024-07-26 00:00:00

LONDON, July 25 (Reuters): Shoplifting offences in England and Wales increased 30 per cent in the year ending March 2024 to the highest level in 20 years, official data showed on Wednesday.The Office for National Statistics (ONS) said there were...

Myanmar tycoon steps down from Singapore-listed business

2024-07-26 00:00:00

SINGAPORE, July 25 (AFP): A Myanmar tycoon being questioned by junta authorities in his home country has stepped down as chairman of his Singapore-listed conglomerate, the company said.Serge Pun, one of Myanmar's richest individuals, was stepping down as executive chairman...