Humphrey Hawksley The suicide bomb attack on an upmarket Kurdish restaurant near Kirkuk underscores the tension still wracking the ethnically-mixed and oil-rich province in northern Iraq. While violence in most of Iraq is down by up to 80 per cent,...
The dollar's tumble to a 13-year low below 90 yen on Friday after the U.S. automaker rescue plan died in Congress stirred speculation that Japanese authorities will intervene to stem the yen's surge.Analysts believe that while Japan has shied away...
Syed Fattahul AlimThe western world's concern about the proliferation of the bomb-making nuclear technology is rooted not simply in the genuine fear of falling the world-destroying weapon into wrong hands, for example, the megalomaniacs, paranoid political leaders or crackpots who...
Charles Babington The Illinois corruption scandal is an unwelcome opportunity for President-elect Barack Obama to prove he can manage a crisis that threatens to detract from his new administration's bid to confront the economy and other challenges.If inquiries and accusations...
Jonathan LynnBig gaps remain in the positions of trade powers and the latest negotiating texts from the World Trade Organisation (WTO) issued late on Saturday show that a new deal to open up global commerce is far from certain.The new...
Jon HerskovitzMultilateral talks on getting impoverished North Korea to abandon its nuclear arms programme in exchange for aid and better diplomatic standing ended on Thursday with no agreement.Analysts say they expect little movement until President George W. Bush leaves office...
THE Land of Smiles has little to smile about these days. Although Thailand's main international and domestic airports are fully operational after a week-long siege by anti-government demonstrators, news that the country's monarch is gravely ill has come as a...
Processed leather and leather products occupy a prominent position in the list of few exportable goods from Bangladesh. But the full potentials of this sector could not be realised for many reasons over the years ranging from smuggling to lack...
Syed Fattahul AlimThe exporters of leather, especially raw hide and skin, have been hard hit by the global economic meltdown. The demand from the international buyers has plummeted resulting in the sharp fall in the price of raw leather in...
M A KabirTHOUGH procrastination and sloth are the characteristic features of the government, especially in the policymaking sector, those are more strikingly conspicuous in the task of demarcating our Exclusive Economic Zone (EEG) in the Bay of Bengal than in...
BANGLADESH'S first Nobel laureate, Professor Muhammad Yunus, emphasised how important it is for Bangladeshis to nominate honest and competent candidates for election to parliament. Otherwise, as he underlined , it would be business as usual with good governance and the...
The name Beautiful Bangladesh ---- many countries will object to such a declaration that Bangladesh is beautiful or more beautiful than other countries. How can Bangladesh compare its beauty to countries such as Italy, France, Spain, Thailand, England and the...
POWER crisis seems to be a fate accompli for Bangladeshis. Life and living has become difficult for so many people due to power shortage. The winter would bring some relief. But in the next summer the trouble would return. There...
Maswood Alam KhanWhat skills do you possess that might be worth sharing with someone working in your bank? I asked this question to dozens of experienced bankers in Bangladesh Krishi Bank (BKB) where I have now been working as General...
LONDON, Dec 11 (Reuters): Cracks emerged in the global effort to drag the world out of recession Thursday with Germany attacking Britain ahead of an EU summit for rushing into debt to bail out industries and pump up growth.Deflation fears...
BEIJING, Dec 11 (Xinhua): East Asian economies face "substantial" near-term downside risks but will be better positioned to deal with the global economic storm if they take proper measures, the World Bank (WB) said yesterday in its mid-year report. East...
WASHINGTON, Dec 11 (AFP): International Monetary Fund (IMF) chief Dominique Strauss-Kahn again urged governments yesterday to use spending, rather than interest rate cuts, to battle the global financial crisis. "Countries with the strongest fiscal policy frameworks, those best able to...
BEIJING, Dec 11 (AFP): China's inflation rate dropped abruptly to a 22-month low of 2.4 per cent in November from 4.0 per cent in October, the government said today, as cost increases for food and other items slowed. China began...
SAN FRANCISCO, Dec 11 (Reuters): The "nasty" US recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report released Thursday said.Additionally, a...
LONDON, Dec 11 (PTI): Faced with economic downturn, a Wales-based aluminium roll company owned by Indian aluminium major Hindalco is likely to announce job cuts to cope with falling demand. Novelis, based in Newport, has started a 90-day consultation with...
LONDON, Dec 11 (AFP): The German finance minister has launched a highly unusual attack on Britain's economic stimulus package, saying it will not fend off recession but will leave the next generation saddled with debt. In an interview with Newsweek...
ADDIS ABABA, Dec 11 (AFP): The level of transparency in African countries has improved as a result of awareness and more pressure from governance watchdogs, a World Bank official said here yesterday. "Many African countries are acting on sustaining transparency...
FRANKFURT, Dec 11 (AFP): The European Central Bank's chief economist downplayed the likelihood of an interest rate cut in January, saying that after three straight reductions, the ECB's room for manoeuvre is now very limited. "Following the substantial rate decreases,...
BANGKOK, Dec 11 (AFP): The Bank of Thailand broke a long tradition Friday and declared January 2 a business holiday, creating a five-day new year break in a bid to stimulate internal tourism spending. The announcement comes as Thailand faces...
SEOUL, Dec 11 (AFP): South Korea's central bank today cut its key interest rate to an all-time low, the fourth reduction in just over two months as Asia's fourth-largest economy slows down more quickly than expected. The Bank of Korea...
LONDON, Dec 11 (Reuters): Oil rose above $45 Thursday after the International Energy Agency (IEA) predicted global growth in oil demand would resume in 2009 and Saudi oil minister said Organisation of Petroleum Exporting Countries' (OPEC) top exporter pumped less...
HANOI, Dec 11 (Xinhua): Vietnam's garment and textile industry has set target to gain an export turnover of 12 billion US dollars by 2010 under a new strategy approved by the ministry of industry and trade, the local newspaper Vietnam...
WASHINGTON, Dec 11 (AFP): The United States yesterday welcomed Taiwan's membership in a WTO procurement agreement, saying it would assure US suppliers access to a market worth about 20 billion dollars annually. "We are very pleased that we have been...
NEW DELHI, Dec 11 (AFP): Indian car sales posted their biggest annual fall in eight years yesterday, highlighting the downturn in Asia's third-biggest economy as automakers raced to cut prices to lure buyers. Domestic passenger-car sales tumbled 19.38 per cent...
NEW DELHI, Dec 11 (PTI): Indian firms are ranked as the fourth-worst bribe payers across the world, with companies based in emerging economies routinely engaging in bribery while doing business abroad, says a report. According to civil society organisation Transparency...
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