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Global crisis ends Honda F1 era

2008-12-06 00:00:00

Honda is pulling out of Formula One, blaming the world economic crisis for plans to sell its team, reports BBC. The decision leaves Englishman Jenson Button and 2009 team-mate Rubens Barrichello without drives, with only a few mid-ranking seats still...

Abahani back on winning track

2008-12-06 00:00:00

Holders Abahani came back to winning ways in B League, beating Sheikh Russell KC 3-0 at Bangabandhu National Stadium in the city Friday, bdnews24.com reports. Nigerian striker Emeka scored twice for the sky-blues while Zahid Hossain Emily added the third....

'CSA trying to assist Gibbs with problem'

2008-12-06 00:00:00

CAPE TOWN,Dec 5 (AP) : The contractual requirement of South African batsman Herschelle Gibbs to attend an alcohol rehabilitation course is designed to help rather than discipline him, said Proteas team manager Mohammed Moosajee.Gibbs was dropped from South Africa's squad...

Three players share lead after 8th rnd

2008-12-06 00:00:00

Three players--FM Abu Sufian Shakil, FM Mehdi Hasan Parag (Biman) and FM Syed Mahfuzur Rahman Emon (Chittagong Mohammedan)-- shared lead in the Prime Bank 11th Open International Rating Chess Tournament with seven points after the 8th round held at the...

Chemical signals of love and fear

2008-12-06 00:00:00

Syed Fattahul AlimPheromones are chemical messages sent by one member of a living organism to another belonging to the same species. Of the various pheromones, those related with sex have been most widely studied. The first such pheromone ever synthesised...

Winners and losers

2008-12-06 00:00:00

Najmuddin A ShaikhMumbai, the commercial and financial capital of India, has suffered a horrendous terrorist attack. In a siege that lasted some 60 hours, 173 people were killed and more than 300 were injured. On the very first day, local...

China to play it safe on yuan, fearing domino effect

2008-12-06 00:00:00

Kevin YaoAn abrupt drop in the Chinese yuan this week hurt battered Asian currencies and Beijing is expected to avoid sharp weakening out of concern that it may trigger a wave of competitive devaluations across the region.China is Asia's dominant...

Waiting for a transformation of the political culture

2008-12-06 00:00:00

Enayet RasulBangladeshis are usually scorned for their drawbacks in different areas : illiteracy, poverty and a general lack of consciousness about what is best for them. But this assessment of them is too sweeping and a generalization that cannot be...

Europe helps carmakers but can't halt labour drain

2008-12-06 00:00:00

Helen Massy-BeresfordEuropean governments have no choice but to rush out support measures for carmakers faced with a slump in sales, as the U.S. looks set to pledge billions of dollars of aid to help its Big Three.While the aid packages...

Word of recession may boost Obama's plan

2008-12-06 00:00:00

When recessions officially begin and end may not mean much to consumers feeling harsh economic pain. But now that the "R" word is official in the United States, President-elect Barack Obama may find it easier to power his economic agenda...

Mumbai fallout could destabilise region

2008-12-06 00:00:00

With the shadow of extremism reaching beyond the borders of Pakistan and India, analysts say the stakes -- as the nuclear-armed rivals try to hang on to an uneasy peace -- are higher than ever in the wake of the...

India's economy to outperform if relations with Pakistan not derailed

2008-12-06 00:00:00

India's economy may outperform expectations as long as relations with neighbouring Pakistan aren't derailed by last week's terrorist attacks on Mumbai, said Jim O'Neill, chief economist at Goldman Sachs Group Inc. "So long as Indian and Pakistani policy makers don't...

India admits 'lapses' over Mumbai attacks

2008-12-06 00:00:00

India's new home minister has admitted that there were security lapses in last week's militant attacks on Mumbai, reports BBC.Palaniappan Chidambaram said the lapses were being "looked into" and their "causes would be addressed soon".Officials have now revised the death...

Bush's new home after White House

2008-12-06 00:00:00

The US elections with victorious Barack Obama was all about change. For the Bushes, it is all about changing their residential address once out of the White House, according to Internet. The outgoing president George W Bush and his wife...

S Lanka army 'enters rebel town'

2008-12-06 00:00:00

COLOMBO, Dec 5 (AFP): Sri Lanka's military says it has entered a town in the north-east of the country used as a naval base by the Tamil Tiger rebels.Government troops have entered Alampil, six miles (10km) south of Mullaitivu, the...

Two police, 12 Taliban killed in Pakistan

2008-12-06 00:00:00

PESHAWAR, Dec 5 (AFP): Pakistani troops killed at least 10 militants in the northwestern Swat valley, where the military is waging an offensive against the Taliban, officials said Friday. Troops killed six militants in a ski resort town in the...

Go Mugabe or face arrest : Tutu

2008-12-06 00:00:00

Zimbabwe's President Robert Mugabe must resign or be sent to The Hague for the "gross violations" he has committed, Archbishop Desmond Tutu has said, reports BBC.The Nobel Prize winner also told Dutch television that Mr Mugabe should be removed by...

news digest

2008-12-06 00:00:00

NASA lands a cosmic first with 'tweets' from Mars SAN FRANCISCO, Dec 5: If the Phoenix Lander comes back to life on Mars, Twitter users could be among the first to know. NASA gave the historic Space Age mission an...

Growth rate to hover at 5.5-6.0pc

2008-12-06 00:00:00

FE Report The global financial hurricane will put "a mild brake" on Bangladesh's growth pattern in the current fiscal, the Asian Development Bank (ADB) warned Friday, hoping the next government will speed up reforms to spur growth and create jobs....

Govt moves to maintain buffer stock of urea for 'Boro' season

2008-12-06 00:00:00

S M JahangirThe government has taken steps to maintain a buffer stock of urea fertiliser to ensure its uninterrupted supply to the farmers during the current 'Boro' cultivation season for the sake of achieving the target of producing 1.8 million...

Govt, WB differ over Rupali corporatisation process

2008-12-06 00:00:00

FE Report The government and the World Bank are locked in a catfight over the future appointment of the chief executive at Rupali Bank as the global lender pushes anew for corporatising the ailing commercial bank, finance officials said last...

Poor sales, inadequate supply mark start-up of cattle mkts

2008-12-06 00:00:00

Jasim Uddin Haroon Sales of sacrificial animals at the city's makeshift and permanent markets have started amid inadequate supply with the Eid-ul-Azha festival only four days away.The prices of the animals are higher than that of the previous year mainly...

NBR to collect tax info of rich buyers in cattle markets to net in tax dodgers

2008-12-06 00:00:00

The National Board of Revenue (NBR) has now set its sight on the country's cattle markets ahead of Eid-ul-Azha as part of its intensified drive against tax evaders, reports UNB. The revenue board thinks that the rich and upper class...

Nurul Islam laid to eternal rest

2008-12-06 00:00:00

Ganotantri Party President Nurul Islam, who died in the city Thursday after 36 hours' intense fight for life, was laid to eternal rest at Mirpur Shaheed Buddhijibi (martyred intellectual) graveyard with full state honour, reports BSS. Earlier, a contingent of...

Election holds great potential for B’desh, says Crowley

2008-12-06 00:00:00

US Congressman Joseph Crowley said the upcoming election holds a great potential for Bangladesh, as it was time to return power to the people, reports BSS."Bangladesh could perhaps take some idea from 'Obama playbook' to strengthen democratic process in the...

EC takes U-turn on code of conduct for media

2008-12-06 00:00:00

Making a U-turn, Chief Election Commissioner Dr ATM Shamsul Huda Friday said there will be no code of conduct for mass media to cover the coming elections as the Election Commission (EC) found it hazardous at the moment, reports UNB....

Oil falls towards $42 after weak US jobs data

2008-12-06 00:00:00

LONDON, Dec 5: Oil fell toward $42 a barrel Friday, sinking to its lowest level since January 2005, after a US government report showed more than half a million Americans lost their jobs last month. US employers axed payrolls by...

Branches of banks remain open today

2008-12-06 00:00:00

All commercial banks have been instructed to keep open all branches or specific branches today (Saturday) after taking necessary security measures to facilitate transactions ahead of Eid-ul-Azha, said Bangladesh Bank (BB) in a circular. Besides, branches of different banks at...

Depression over Bay

2008-12-06 00:00:00

The depression over the southeast Bay and adjoining areas moved slightly west-northwestwards over the last 12 hours, a Met office special weather bulletin said. The depression was centred about 1650 kilometres south-southwest of the Chittagong Port, 1560 km south-southwest of...

Automation seen vital to delivering quick services: BB governor

2008-12-06 00:00:00

FE ReportBangladesh Bank governor Dr Salehuddin Ahmed inaugurated Thursday the real time online banking system of the NCC Bank Limited saying automation in banks is essential to delivery quick services to customers.Speaking as chief guest at a city hotel the...