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Some American charges against Iran defy common sense

2007-09-23 00:00:00

Peter Galbraith FOR eighteen years, Iran had a secret program aimed at acquiring the technology that could make nuclear weapons. A.Q. Khan, the supposedly rogue head of Pakistan's nuclear program, provided centrifuges to enrich uranium and bomb designs. When the...

Experts call for action on ocean preserves

2007-09-23 00:00:00

Anuradha KherAs much as 50 percent of the world's fish stocks are fully exploited and 17 percent are over-exploited, putting marine biodiversity at severe risk, according to a new report released Tuesday by the Worldwatch Institute.The report, called "Oceans in...

Church lashes out at sex abuse victim

2007-09-23 00:00:00

Diego Cevallos from Mexico cityCatholic Church leaders in Mexico accused a victim of sexual abuse, who brought charges in a U.S. court against Mexican Cardinal Norberto Rivera for protecting an alleged pedophile priest, of seeking economic gain.An article published in...

Tighter credit stalling US economy's growth

2007-09-23 00:00:00

NEW YORK, Sept 22 (AP): Strained by a tight credit market, the nation's economy should stumble along at a slower pace in coming months, but it may find help from lower interest rates and possible employment gains.The conference board said...

HSBC to close US subprime mortgage unit

2007-09-23 00:00:00

NEW YORK, Sept 22 (AFP): HSBC Holdings, the British-based banking giant, announced yesterday it will close its subprime mortgage subsidiary in the United States, saying it was "no longer sustainable." HSBC Holdings's earnings have been heavily hit by its heavy...

Private equity firms back out of Harman deal

2007-09-23 00:00:00

NEW YORK, Sept 22 (Reuters): Harman International Industries Inc said its private equity buyers are pulling out of their $8 billion buyout deal, a severe blow to the company whose shares fell more than 25 per cent Friday.The audio equipment...

ECB independence fuels fresh French-German exchange

2007-09-23 00:00:00

FRANKFURT, Sept 22 (AFP): French President Nicolas Sarkozy's repeated barbs directed at the European Central Bank (ECB) have spurred another Eurozone heavyweight, Germany, to voice renewed backing for ECB independence. And while Spain has advised the bank to stop raising...

Japan approves counterpart fund to Nepal

2007-09-23 00:00:00

KATHMANDU, Sept 22 (XINHUA): Japan has approved utilisation of the counterpart fund of 295 million Nepali rupees (4.5 million US dollars) to Nepal for the implementation of nine ongoing projects, The Himalayan Times reported Saturday. "The counterpart fund was established...

China tries to tackle food price inflation

2007-09-23 00:00:00

BEIJING, Sept 22 (AFP): China will ensure ample food supply in the coming months to keep prices down, state media said today, in yet another reaction to shock inflation figures released recently. The price of food staples such as wheat,...

China observes 'Car Free Day' with the usual gridlock

2007-09-23 00:00:00

BEIJING, Sept 22 (AFP): More than 100 Chinese cities including Beijing staged a "Car Free Day" Saturday to fight congestion and pollution, but the streets of the capital remained defiantly clogged with traffic jams. Beijing's middle class climbed into their...

Dollar stumbles to record low against euro

2007-09-23 00:00:00

NEW YORK, Sept 22 (AFP): The dollar stumbled to a record low against the euro yesterday amid market expectations the US Federal Reserve will continue to cut interest rates. The single European currency was at 1.4090 dollars around 2100 GMT,...

Beijing hits back at hacking charges

2007-09-23 00:00:00

BEIJING, Sept 22 (AFP): China is worse hit by computer hackers than any Western nation, a Chinese military expert was quoted as saying today in an apparent response to claims it was the source of attacks on US systems. Unlike...

Canadians celebrate loonie's parity with US dollar

2007-09-23 00:00:00

MONTREAL, Sept. 22 (AFP): Canadians cheered yesterday for their beloved loonie, reaching parity this week with the US greenback for the first time in 31 years, but consumers are not yet benefiting, and manufacturers are reeling. The loonie, a sobriquet...

Investment in jute mills under private ownership increasing

2007-09-23 00:00:00

Our CorrespondentRANGPUR, Sept 22: Despite a number of setbacks at different levels, investment in jute mills under private ownership is increasing in the northern districts, sources said.According to sources, about Tk 1.0 billion (100 crore) was invested in five private...

banglalink donates Tk 1.0 million for flood victims

2007-09-23 00:00:00

FE Reportbanglalink donated an additional amount of Tk 1.0 million (10 lakh) to the Chief Adviser's Relief and Welfare Fund for the flood-affected people.CEO of banglalink Rashid Khan handed over the cheque to Chief Adviser Fakhruddin Ahmed at his office...

Long awaited DTI launched at Ctg Customs House

2007-09-23 00:00:00

Our CorrespondentCHITTAGONG, Sept 21: The long awaited Direct Traders Input (DTI) was launched at Chittagong Customs House (CCH) yesterday to enhance the revenue income of the government through intensified taxation process. At the initial stage, the newly devised system was...

Bangladesh fair in Jeddah fetches huge spot orders

2007-09-23 00:00:00

The eight-day Bangladesh Trade Fair in Jeddah concluded recently fetched huge amounts in spot orders, reports UNB.Saudi-Bangladesh Chamber of Commerce and Industry organised the Bangladesh Fair in Jeddah International Exhibition Centre on September 6-13 this year.Bangladeshi businessmen have also signed...

Govt incurs huge loss of revenue due to tax evasion

2007-09-23 00:00:00

Our CorrespondentBRAHMANBARIA, Sept 22: The government is being deprived of a huge amount of revenue as several hundred hotels and restaurants are allegedly evading value-added tax (VAT) and income tax, sources said.A restaurant with at least thirty seats and a...

Qatar Airways holds workshop for travel agents in Sylhet

2007-09-23 00:00:00

FE ReportQatar Airways organised a workshop for travel agents in Sylhet recently.The workshop highlighted the need for maintaining the globally acclaimed standard of service in the Sylhet area as well.Speakers have stressed the service standard and global strength of Qatar...

Price hike of fertilisers causes concern among farmers

2007-09-23 00:00:00

Our CorrespondentRAJSHAHI, Sept 22: Price hike of fertilisers is causing concern among the peasants of Godagari Upazila in the district. On the other hand, the stock of urea has run out in just one week. The price of potassium based...

Greenback maintains strong nerve against BDT

2007-09-23 00:00:00

Sarwar Zahan US dollar maintained its strong nerve against Bangladesh taka (BDT) last week despite limited demand for the greenback, fund managers said. The exchange rate of the greenback moved between Tk 68.70 and Tk 68.71 against the previous week's...

Presence of illegitimate forces in Mideast cause of all threats, says Ahmadinejad

2007-09-23 00:00:00

TEHRAN, Sept 22 (BSS/AFP) - Iran's armed forces today kicked off an annual military parade to mark the anniversary of an eight-war with Iraq amid growing international pressure on the Islamic republic over its nuclear programme. "The presence of illegitimate...

US, France reach accord on Iran

2007-09-23 00:00:00

WASHINGTON, Sept 22 (AP): The US and France have reached an agreement on how to pressure Iran to abandon its nuclear ambitions, Secretary of State Condoleezza Rice said Friday.Meanwhile, at a meeting of the International Atomic Energy Agency in Vienna,...

Arab states condemn Israel's nuclear arsenal at IAEA conference

2007-09-23 00:00:00

BEIRUT, Sept 22 (AP): Arab nations condemned Israel for having nuclear weapons Friday, the final day of a general conference of the UN watchdog International Atomic Energy Agency (IAEA).Omani envoy Salim Mohammad al-Riyami presented the agenda item "Israeli nuclear capabilities...

Arab states condemn Israel's nuclear arsenal at IAEA conference

2007-09-23 00:00:00

BEIRUT, Sept 22 (AP): Arab nations condemned Israel for having nuclear weapons Friday, the final day of a general conference of the UN watchdog International Atomic Energy Agency (IAEA).Omani envoy Salim Mohammad al-Riyami presented the agenda item "Israeli nuclear capabilities...

Blackwater back on Baghdad streets defying govt order

2007-09-23 00:00:00

BAGHDAD, Sept 22 (AFP): Despite opposition from Prime Minister Nuri al-Maliki, US security company Blackwater was back on the streets of Baghdad Friday, four days after being grounded over a fatal shooting incident. Blackwater guards, whom a furious Maliki wanted...

General Assembly upholds decision to deny Taiwan UN membership

2007-09-23 00:00:00

UNITED NATIONS, Sept 22 (AFP): The UN General Assembly agreed by consensus Friday to uphold a decision by one of its committees to reject Taiwan's 15th consecutive annual bid for membership in the face of strong opposition from Beijing.Backers of...

news digest

2007-09-23 00:00:00

Police, rebels killed in clashes in Russia's Caucasus MOSCOW, Sept 22 (AFP): One policeman was killed in Chechnya and rebels were killed in the neighbouring republic of Ingushetia, Russian news agencies reported Friday. One policeman was killed and two wounded...

Ex-lawmakers for abolishing local govt ministry

2007-09-23 00:00:00

Former lawmakers urged the government to abolish the local government ministry and to amend the related laws to strengthen the local government organisations.They made the appeal while speaking at a meeting organised by a committee on strengthening the local government...

Delwar to hold talks with allies on EC meeting

2007-09-23 00:00:00

BNP Secretary General Khondoker Delwar Hossain Saturday said his party would sit with allies to discuss the issue of dialogue with the Election Commission (EC) after a decision in a party forum, reports bdnews24.com. He told reporters in the city...