WASHINGTON, Aug 30 (AP): Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments.The Commerce Department report Friday showed that consumer activity got off to a shaky...
Security agencies have reinforced their drive against crimes and disturbances in the city ahead of the holy month of Ramadan, RAB chief Hasan Mahmud Khandokar said Saturday, reports UNB.The director general (DG) of the elite anti-crime agency said plans were...
Kaniz Fatima | 2008-08-31 00:00:00
IT was a hot and humid day in 2007 when Auntu got back home from school. He looked exhausted and was sweating."What's wrong?" asks Auntu's mother. "Mom, I was punished in the class. My teacher made me stand up outside...
Nokia Siemens Networks Oy has been assigned to expand Teletalk network.In this connection, an agreement was signed between Teletalk Bangladesh Limited and Nokia Siemens Networks.Managing Director of Teletalk Md Mujibur Rahman and Head of Asia North Sub-region of Nokia Siemens...
Neeraj Mehra, Director Knowledge Management, from McCann Worldgroup Asia Pacific visited the office of Unitrend Ltd (affiliated with McCann Erickson) in the city recently, says a press release.A session was held which involved both the agency populance as well as...
PATNA, (India), Aug 30 (AFP): More than 300,000 people trapped in India's worst floods in 50 years have been rescued but nearly double that number remain stranded without food or water, officials said Saturday.About 60 people have died and three...
The government has made changes in the posts of eight deputy secretary-level officials and a senior assistant secretary, reports bdnews24.com.The Establishment Ministry issued the transfer orders Saturday.Of the deputy secretary level officials former deputy commissioner of Mymensingh Shamsul Alam has...
SIRAJGANJ, Aug 30 (UNB): A day labourer is feared dead in a boat capsize in the Jamuna River Saturday.The boat, carrying some 12 labourers along with sand blocks, was caught in a whirlpool near the hard point in the district...
NEW YORK, Aug 30 , (AFP): The dollar firmed against the euro yesterday, bolstered by rising US inflation that stirred speculation the Federal Reserve will raise interest rates.The euro was changing hands at 1.4673 dollars around 2100 GMT, down from...
Finance adviser Dr Mirza Azizul Islam Saturday ruled out the idea that the poverty is increasing in Bangladesh, reports UNB.Giving his reaction to a recent World Bank study report, he said the press has misunderstood the report and that gave...
Mercantile Bank Limited has signed an agreement with Seylan Bank plc of Sri Lanka to facilitate remittance flow in Bangladesh through banking channel.Deputy Managing Director of Mercantile Bank MA Shahjahan and General Manager and Chief Executive Officer of Seylan Bank...
SANTIAGO, Aug. 30 (Xinhua): The Common Market of the South (Mercosur) yesterday discussed a common strategy to address surging world food prices at an agriculture meeting in Chile.Agriculture Ministers of Mercosur's members gathered in the resort of Cocon in the...
GEORGE TOWN, (Cayman Islands) Aug 30 (Agencies): Gustav rapidly gained power early Saturday and verged on becoming a fearsome Category 3 hurricane as it neared western Cuba on a track to hit the US Gulf Coast three years after Hurricane...
Kayes M Sohel | 2008-08-31 00:00:00
Bangladesh's pioneer shipbuilder Ananda Shipyard and Slipways Limited (ASSL) would go public by year-end to raise fund from the country's stock markets to finance its massive expansion drive, its chief executive said Saturday.The move is a boost for the country's...
BRUSSELS, Aug 30 (AFP): Inflation in the 15 countries sharing the euro came off record highs in August, offering an increasingly rare ray of light as the threat of recession looms, official EU data showed yesterday.Annual inflation in the Eurozone...
NEW YORK, Aug 30(AFP): Roger Federer defeated Thiago Alves 6-3, 7-5, 6-4 in the second round of the US Open Friday as he attempts to salvage a season where he has yet to win on hardcourts.Federer extended his US Open...
A. K. M. Fakhrul AlamDESPITE substantial rise in the price of edible oils in the international market in 2008, import volume of palm oil in Bangladesh increased substantially due to its competitive price compared to soyabean oil. During Jan-July period...
Our Correspondent | 2008-08-31 00:00:00
RAJSHAHI, Aug 30: Banks in Rajshahi for about a month is facing an acute shortage of dollar.Unsafe transport system and closure of the system of endorsements by the money changers have been identified as the main causes of this dollar...
LONDON, Aug 30 (AFP): The British finance minister has warned the country is facing "arguably the worst" economic downturn in 60 years and says it will be "more profound and long-lasting" than people had expected.Chancellor of the Exchequer Alistair Darling...
Stephen Shankland | 2008-08-31 00:00:00
In the old days, designers often had little more than gut checks and rules of thumb to determine the efficacy of creations such as advertisements or newspaper layouts. Later came expensive eye-tracking tests that showed how people scanned pages or...
LONDON, Aug 30 (AFP): Oil jumped briefly back above 120 dollars per barrel this week before turning lower in choppy trade that was driven by US storm worries and tensions between Russia and the West, traders said.Precious metal gold benefited...
Meghna Life Insurance Company Limited approved 25 per cent stock dividend for the year 2007.The approval was given at the 12th annual general meeting of the company, held in the city recently.Chairman of the company Nizam Uddin Ahmed presided over...
LONDON, Aug 30 (Agencies): European stock markets closed higher Friday, holding on to modest gains despite losses on Wall Street after US consumer spending figures dented hopes the economy was nearing recovery.Dealers said Europe got off to a good start...
BANGKOK, Aug 30 (Reuters): Thai Prime Minister Samak Sundaravej said Saturday he would not quit in the face of growing protests aimed at toppling his seven-month-old government.Speaking at an official event, Samak said he had requested an audience with Thailand's...
Our Correspondent | 2008-08-31 00:00:00
KURIGRAM, Aug 30: Most of the landless and ultra-poor families have been deprived of the construction facility funded by UNDP. Only 254 of those families in three upazilas have received assistance in the form of house construction but without water...
Border forces of Bangladesh and India in a meeting in Panchagarh Saturday entered into an agreement on joint patrolling to curb trans-border terrorism, drug smuggling, trafficking in women and children, and intrusion, reports UNB.The Bangladesh Rifles (BDR) and the Indian...
Fowzia Gulshana Rashid Lopa | 2008-08-31 00:00:00
THE concept of foreign aid was floated in the 1950s as part of post World War II economic development theory, to fill 'domestic saving gaps'. It involved a massive transfer of capital and technical assistance from the developed to the...
BRAHMANBARIA, Aug 30 (UNB): At least 50 persons were injured in a fierce clash between two groups at a local market in the district town Saturday.Witnesses said an altercation ensued at 10:00 am between a buyer and a vegetable seller...
BEIJING, Aug. 30 (Xinhua): Price push is mounting up to the ceiling for China's textile enterprises as the present market shrinkage goes on worldwide.In January-July period, the composite price index for textile export rose only 3.52 per cent with export...
FE Report | 2008-08-31 00:00:00
The caretaker government will choose today (Sunday) a 'lead donor' agency from among the ADB and the World Bank (WB), which is crucial for timely construction of Padma Bridge, ministry officials said.Finance and planning adviser Mirza Azizul Islam and communication...
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