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ICC loses $20m after hosting T20 World Cup 2024 in USA

2024-07-19 00:00:00

The International Cricket Council (ICC) incurred losses of approximately USD 20 million (Rs 167 crore) from hosting the T20 World Cup 2024 games in the USA, report agencies.The report claimed that it will be one of the major topics of...

Duckett gets England off to fast start

2024-07-19 00:00:00

NOTTINGHAM, England, July 18 (AFP): Ben Duckett's quick-fire 71 ensured England made a rapid start to the second Test against the West Indies at Trent Bridge, with the hosts racing to 134-2 at lunch on Thursday's first day.England, sent in...

Tillakaratne urges Tigresses to play fearless cricket

2024-07-19 00:00:00

Hashan Tillakaratne, the Bangladesh women's team head coach, has urged the team to get out from the mindset of playing with the fear of failure as they prepare to start their Women's Asia Cup campaign, with their opening game against...

One dead, seven hurt in India passenger train derailment

2024-07-19 00:00:00

NEW DELHI, July 18 (AFP): A passenger train derailed in India on Thursday, overturning several carriages and killing at least one person with rescue and relief efforts ongoing.India's railway network remains the main form of travel in the vast country,...

Biden told to end re-election bid

2024-07-19 00:00:00

NEW YORK, July 18 (Reuters): US Senate Democratic leader Chuck Schumer told President Joe Biden in a meeting on Saturday it would be better for the country and the Democratic Party if he ended his re-election campaign, ABC News reported...

Dubai princess Mahra announces divorce

2024-07-19 00:00:00

DUBAI, July 18 (BBC): The daughter of Dubai's ruler appears to have announced her divorce on social media.A post from the verified Instagram account of Sheikha Mahra bint Mohammed bin Rashid Al Maktoum said she was ending her marriage, and...

Starmer vows to renew ties with European allies

2024-07-19 00:00:00

WOODSTOCK, July 18 (AFP): UK Prime Minister Keir Starmer on Thursday vowed to renew relationships with European allies soured by Brexit as he welcomed dozens of leaders to a summit designed to reaffirm backing for Ukraine and tackle irregular migration.Starmer,...

81 Palestinians killed in 24 hours

2024-07-19 00:00:00

GAZA, July 18 (Reuters): Israeli forces hit areas in the central Gaza Strip on Wednesday, killing at least nine Palestinians, according to health officials, while Israeli tanks carried out a limited advance further into Rafah in the south.Over the past...

Japanese refiners urge early orders from airlines amid jet fuel shortage

2024-07-19 00:00:00

TOKYO, July 18 (Reuters): The head of the Japanese petroleum industry called on Thursday for international airlines to provide flight schedules and jet fuel demand forecasts a year in advance as a solution to a jet fuel shortage at Japanese...

Taiwan's TSMC Q2 net profit jumps

2024-07-19 00:00:00

TAIPEI, July 18 (AFP): Taiwan chip giant TSMC said Thursday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products.Taiwan Semiconductor Manufacturing Company -- whose clients include...

Ivory Coast tilts economy from farming to natural resources

2024-07-19 00:00:00

ABIDJAN, July 18 (AFP): The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country's economy in a new direction as it explores its underground potential.Over the last three years,...

KSA economic growth to outstrip global average in 2025: IMF

2024-07-19 00:00:00

RIYADH, July 18 (Arab News): Saudi Arabia's economic growth is expected to outpace the global average in 2025 according to the latest International Monetary Fund study.The IMF's World Economic Outlook update puts the Kingdom's output increase at 4.7 per cent...

French shipping giant signs AI deal with Google

2024-07-19 00:00:00

French shipping and logistics company CMA CGM has signed a partnership with Alphabet's Google to speed up deployment of AI solutions across its operations worldwide, the two companies announced on Thursday.CMA CGM aims to increase efficiency and shorten delivery times...

China strives to lure foreign tourists, but it's a hard sell for some

2024-07-19 00:00:00

BEIJING, July 18 (Reuters): Guilherme Carvalho made his first visit to China this month, and the Italian said one of the main factors behind the trip was the post-pandemic policy to scrap entry permits for some tourists.Previously, all foreign visitors...

BYD sets sights on aggressive expansion in Vietnam

2024-07-19 00:00:00

HANOI, July 18 (Reuters): Chinese electric vehicle giant BYD on Thursday outlined plans to aggressively expand its dealership network in Vietnam as it opens its first stores in the country this week, posing a formidable challenge to local rival VinFast...

IMF says US should raise taxes, wait until late 2024 to cut rates

2024-07-19 00:00:00

WASHINGTON, July 18 (Reuters): The International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until "late 2024" and the government needs to raise taxes to slow the growing federal debt -- including on households...

BRAC Bank Reading Cafes discuss 'Kokhono Amar Maakey'

2024-07-19 00:00:00

BRAC Bank's Reading Cafes in Dhaka headquarters and Chuadanga recently held month-long reading and discussion sessions on Anisul Hoque's novel 'Kokhono Amar Maakey.' The book, a poignant narrative about a woman violated during the liberation war of 1971 and her...

US banks see high deposit costs, investment banking boost

2024-07-19 00:00:00

US lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units, reports Reuters.The results illustrate the pressure on banks...

Europe waits for ECB signals as tech tumble deepens

2024-07-19 00:00:00

LONDON, July 18 (Reuters): Europe's traders were trying to pull stock markets out of tech-led tumble on Thursday, as attention turned to whether the European Central Bank would signal September is its next likely point to cut interest rates.It was...

Tech stocks wobble on deepening Sino-US chip war

2024-07-19 00:00:00

SINGAPORE, July 18 (Reuters): Chip stocks in Asia tumbled on Thursday while their European counterparts got off to a tentative start after a news report that the United States was considering tighter curbs on exports of advanced semiconductor technology to...

Asian bonds see foreign inflows for second month on hopes of Fed rate cut

2024-07-19 00:00:00

Foreigners were net investors in Asian bonds for a second straight month in June, buoyed by expectations of an interest rate cut by the US Federal Reserve amid easing inflation levels and cooling labour market conditions, reports Reuters.Overseas investors acquired...

Domino's Pizza posts quarterly sales miss on muted fast-food demand

2024-07-19 00:00:00

LONDON, July 18 (Reuters): Domino's Pizza fell short of estimates for quarterly same-store sales on Thursday, as inflation worries discouraged US consumers, particularly in the lower-income group, from eating out or ordering in, sending its shares down 11 per cent...

Tata Communications posts higher Q1 revenue

2024-07-19 00:00:00

BENGALURU, July 18 (Reuters): India's Tata Communications reported its tenth straight rise in quarterly revenue on Thursday, helped by growth in its digital portfolio segment.The Tata Group-owned company's revenue rose 18 per cent to 56.33 billion rupees ($673.4 million) for...

Infosys ups annual sales forecast on demand recovery

2024-07-19 00:00:00

BENGALURU, July 18 (Reuters): Infosys topped quarterly results estimates on Thursday on a recovery in demand from clients in its mainstay financial services business, prompting India's second-largest IT services firm to raise its revenue forecast for the financial year.US-listed shares...

Samsung Electronics buys British AI tech startup

2024-07-19 00:00:00

SEOUL, July 18 (AFP): Samsung Electronics has bought a British startup that develops advanced AI technology, the South Korean tech giant said Thursday, as demand for its high-end chips used in artificial intelligence hardware surges.Oxford Semantic Technologies specialises in knowledge...

Modi to focus on jobs, incomes in first budget

2024-07-19 00:00:00

NEW DELHI, July 18 (Reuters): Indian Prime Minister Narendra Modi will seek to mend his relationship with voters in the federal budget to be announced next week, economic analysts said, citing possible steps to boost jobs and incomes as growth...

China's leaders vow to fight 'risks' plaguing economy

2024-07-19 00:00:00

BEIJING, July 18 (AFP): Beijing's leaders vowed Thursday to resolve "risks" plaguing China's economy, but were yet to offer any concrete steps to pull the country out of its financial woes.The world's second-largest economy is grappling with a property debt...

IT boost lift Indian shares to record closing highs

2024-07-19 00:00:00

BENGALURU, July 18 (Reuters): Indian shares recovered from a weak start to end at record closing highs on Thursday, led by information technology stocks as LTIMindtree's better-than-expected results added to expectations of a turnaround in the sector's fortunes.The NSE Nifty...

MTB distributes Disaster Resilience Bags to flood-prone communities

2024-07-19 00:00:00

Mutual Trust Bank (MTB) has supported an initiative to improve disaster preparedness by distributing disaster resilience bags to local communities in flood-prone areas of Barguna Sadar upazila on June 13, 2024. MTB undertook this initiative through Footsteps Bangladesh that designed...

RFL becomes exclusive distributor of bathware brand JOMOO

FE DESK | 2024-07-19 00:00:00

RFL, a leading business conglomerate, has been appointed as the exclusive distributor of China's famous bathware brand 'JOMOO' in Bangladesh. A Memorandum of Understanding (MoU) was signed between the two organisations in a ceremony held at the International Conference Centre...