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Australia smash world record in women 200m free relay win

2008-08-15 00:00:00

BEIJING, Aug 14 (AFP): Australia smashed the world record by almost six seconds in swimming away with the women's 4x200metres freestyle relay gold medal at the Beijing Olympics today.The Australians set a blistering pace to hit the wall in seven...

$130.7 million IDA loan to improve secondary edn

FE Report | 2008-08-15 00:00:00

The government Thursday signed a credit agreement worth US$130.7 million with the International Development Association (IDA) to improve the quality and performance of secondary education and to ensure greater accountability at school level.Mohammad Mejbahuddin, additional secretary, Economic Relations Division (ERD)...

Aid group suspends Afghan work after killing of three of its female workers

2008-08-15 00:00:00

KABUL, Aug 14 (AFP): An international aid group which has worked in Afghanistan for 25 years said it was suspending relief work after three of its female aid workers and their Afghan driver were shot dead. The killings, claimed by...

Korean consortium loses rights to Russia oilfield

2008-08-15 00:00:00

SEOUL, Aug 14, (AFP): A South Korean-Russian consortium has lost its licence to explore and develop a huge offshore oilfield in Russia's west Kamchatka, a state petroleum company said yesterday.The Korea National Oil Corp (KNOC) said the Russian government last...

For achieving higher economic growth

Ahmed Showkat Masud | 2008-08-15 00:00:00

IF we ride on rickshaws, we often find that the 'rickshawallas' are new. It happens mostly in Dhaka and Chittagong. If we ask the rickshaw-pullers about why they have come to the cities like Dhaka and Chittagong, they reply that...

DHL employees drive volunteerism initiative

2008-08-15 00:00:00

DHL, the world's leading express and logistics company, Thursday announced the launch of 'DHL Volunteer Day' in Bangladesh, a community outreach program involving over 15,000 employees across Asia Pacific to encourage the spirit of volunteerism among employees, said a press...

Climate change issue assumes greater importance

2008-08-15 00:00:00

The magnitude and frequency of calamities such as floods, landslides, cyclones and droughts are subject to natural and artificially induced changes, among which climate change assumes a greater importance.In order to raise regional awareness and enhance civil societies capacity along...

Global economy to grow at 4.1pc rate in 2008

From Fazle Rashid | 2008-08-15 00:00:00

NEW YORK, August 14: A growth rate below 3.0 per cent is considered a period of economic recession by the International Monetary Fund (IMF). The global economy will grow at the rate of 4.1 per cent in 2008 and will...

Russians begin pulling back from flashpoint Georgian city

2008-08-15 00:00:00

TBILISI, (Georgia), Aug 14 (AFP): Russian forces started withdrawing Thursday from the flashpoint Georgian city of Gori, officials said, adding a new twist to the campaign for a permanent peace between the neighbours.The pullout came as the United States through...

Spain announces measures to tackle economic slowdown

2008-08-15 00:00:00

MADRID, Aug 14 (AFP): Spain's government yesterday announced a package of reforms aimed at tackling the country's abrupt economic slowdown, including help for families to obtain mortgages amid the property crisis.The 24 measures were agreed at an emergency meeting of...

Eurozone growth brakes sharply in Q2 as major economies shrink

2008-08-15 00:00:00

BRUSSELS, Aug 14 (AP): Eurozone growth braked sharply in the second quarter as major economies Germany, France and Italy shrank, EU statistics showed Thursday, with high fuel and food prices holding back consumer spending.Growth in the 15 economies that share...

GP fined Tk 2.5b for using illegal VoIP

Syed Ishtiaque Reza | 2008-08-15 00:00:00

Two mobile phone companies of the country Thursday were fined separately by the Bangladesh Telecommunication Regulatory Commission (BTRC) for violation of rules in different cases.BTRC has fined Grameen Phone (GP) Tk 2.5 billion for conducting illegal VoIP business.This is the...

Bao bows to Lee in qtrs

2008-08-15 00:00:00

BEIJING, Aug 14 : No 3 seed Bao Chunlai from China was ousted by Lee Hyun-il from South Korea 21-23, 11-21 in a quater-final of men's singles badminton tournament at the Beijing Olympics here Thursday.As the only Chinese player in...

Nation mourns assassination of Bangabandhu today

2008-08-15 00:00:00

The nation mourns assassination of Bangladesh's founding-father Bangabandhu Sheikh Mujibur Rahman today (Friday) as the government has arranged observance of the National Mourning Day at the state level this time around, reports UNB.Back in 1975, a group of disgruntled army...

Govt initiates city water supply project with WB funding

FE Report | 2008-08-15 00:00:00

The government has initiated the 'Dhaka Water Supply and Sanitation Project' with funding from the World Bank (WB).The WB's concessionary arm, International Development Association (IDA), will provide about $149.0 million out of the estimated total cost of the proposed project...

Asian dominance continues

2008-08-15 00:00:00

BEIJING, Aug 14 (Reuters): Japanese swimmer Kosuke Kitajima and Chinese gymnast Yang Wei led a golden day for Asia Thursday that showcased the continent's growing sports might.Kitajima, Asia's greatest swimmer, stole the spotlight from Michael Phelps with an unprecedented "double-double"...

Shipping agents need to obtain ID number for access

FE Report | 2008-08-15 00:00:00

The Chittagong Customs House (CCH) requested Thursday the shipping agents and freight forwarders to get access to its newly installed automation system by obtaining ID number and security password.Licenced (import and export) and listed shipping agents and freight forwarders will...

BNP, allies throw programmes to free Khaleda, Tarique

2008-08-15 00:00:00

The BNP-led 4-party alliance will stage a march towards the Chief Adviser's Office on August 21 and form a countrywide a 'human chain' on August 27 to press for release of ex-PM and BNP chairperson Khaleda Zia and her elder...

European shares rise

2008-08-15 00:00:00

LONDON, Aug 14 (AFP): Europe's main stock markets rose Thursday, despite news of shrinking European economic growth in the second quarter, as heavyweight miners were boosted by higher commodity prices, traders said.The eurozone economy contracted for the first time ever...

Russia grabs 3rd wrestling gold

2008-08-15 00:00:00

BEIJING, Aug 14: Russian Aslanbek Khushtov defeated German Mirko Englich in the men's 96kg Greco-Roman final Thursday, winning Russia its third wrestling gold medal at the Beijing Olympics.Khushtov overwhelmed his rival for the comfortable victory of two bouts after both...

Flag hoisting ceremony held at the Chancery of Pakistan HC

FE Report | 2008-08-15 00:00:00

A flag hoisting ceremony was held Thursday at the Chancery of Pakistan High Commission (HC) on the occasion of 62nd Independence Day celebration of that country.The ceremony was attended by members of the Pakistan community in Bangladesh and members of...

Thai Airways loses $274.3m in second quarter

2008-08-15 00:00:00

BANGKOK, Aug 14, (AFP): Losses at Thailand's flag carrier Thai Airways International spiralled to 9.23 billion baht (274.3 million dollars) in the second quarter, the airline said in a statement today.The figure is the biggest quarterly loss in a decade,...

Asian swimmers steal spotlight

2008-08-15 00:00:00

BEIJING, Aug 14 (AFP):Asian swimmers stole the spotlight from Michael Phelps and the rest of the field Thursday as the region's traditional powers came good.Japan's breaststroke king Kosuke Kitajima posted an unprecedented 100m/200m double for the second Olympics in a...

Cargo ship sinks in river after hitting oil tanker

2008-08-15 00:00:00

PIROJPUR, Aug 14 (UNB): A cargo ship, carrying 931 tonnes of clinker cement, sank in the river Sandha near Kawkhali upazila launch ghat under Pirojpur district today (Thursday).The crew, including ship master, escaped safely.Police and witnesses said the ship 'MV...

Cuba wins first gold

2008-08-15 00:00:00

BEIJING, Aug 14 : World champion of men's super heavyweight wrestling Mijain Lopez won Cuba its first gold medal at the Beijing Olympic Games here Thursday eveningWinning over Olympic champion Khasan Baroev of Russia in the men's 120kg Greco-Roman final,...

China's 'hot money' flow slowing

2008-08-15 00:00:00

BEIJING, Aug 14 (AFP): Foreign exchange deposits into Chinese banks in July dropped to 5.6 billion dollars, down by nearly half from June, state media reported, indicating the flow of "hot money" into China is slowing.The level of new foreign...

US mission to be closed Aug 17 for Shab-e-Barat

2008-08-15 00:00:00

The American Embassy including the Consular Section and the Public Affairs Section with the Archer K Blood American Centre Library and the Student Advising Section will remain closed on August 17 on the occasion of Shab-e-Barat, said a press release...

BNP to celebrate Khaleda Zia's birthday today

2008-08-15 00:00:00

BNP chairperson and former Prime Minister Khaleda Zia steps into her 64th birthday today (Friday), reports UNB.BNP and its front organisations have chalked out programmes to observe her birthday.Jatiyatabadi Mahila Dal and Tanti Dal will cut birthday cake after midnight...

Performance of Sonali Bank worries Aziz

FE Report | 2008-08-15 00:00:00

Finance and planning adviser Mirza Azizul Islam has expressed dissatisfaction over the performance of state-owned Sonali Bank Limited saying the bank has a scope to improve further."The bank will have to improve its services and financial performance further," said Dr...

US jobless claims fall less than expected

2008-08-15 00:00:00

WASHINGTON, Aug 14 (AP): The job market showed continued strains Thursday when government data said the number of newly laid-off workers filing applications for unemployment benefits fell less than expected last week.The Labour Department reported Thursday that applications for jobless...