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Gold hovers near 2-month peak

2024-03-05 00:00:00

Gold prices were anchored near a two-month peak on Monday, following last week's tepid US economic data, which solidified bets for the Federal Reserve's first interest rate cut of the year in June, reports Reuters.Spot gold was steady at $2,082.89...

Oil inches lower amid profit taking on OPEC+ cut extension

2024-03-05 00:00:00

LONDON, March 4 (Reuters): Oil prices drifted lower on Monday as traders indulged in some profit taking a day after the widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group.Brent futures...

Higher interest rates drag Swiss National Bank to $3.6b loss

2024-03-05 00:00:00

ZURICH, Mar 4 (Reuters): The Swiss National Bank on Monday posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, as a switch to positive interest rates cost it dearly and meant it couldn't pay a dividend...

Bitcoin bursts above $65,000, record high

2024-03-05 00:00:00

LONDON/SINGAPORE, Mar 04 (Reuters): Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels.The price hit a session high of $65,537 early in Europe, having already...

ECB to hold rates again, awaiting clearer signs on inflation

2024-03-05 00:00:00

FRANKFURT, Mar 04 (AFP): The European Central Bank (ECB) is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.After the ECB...

India home prices to rise 7pc this year

2024-03-05 00:00:00

BENGALURU, Mar 04 (Reuters): Average home prices in India are set to rise 7.0 per cent this year and next, driven by purchases of luxury properties, according to analysts polled by Reuters who said the supply of affordable homes would...

Turkiye inflation rises to 67pc, keeping pressure on central bank

2024-03-05 00:00:00

ISTANBUL, Mar 04 (Arab News): Turkiye's annual inflation rate climbed to 67.07 per cent in February, exceeding expectations and keeping up pressure for tight monetary policy amid strong rises in food, hotel and education prices, official data showed on Monday....

Saudi investor group joins hands with Pakistan’s SuperNova

2024-03-05 00:00:00

KARACHI, Mar 04 (AFP): A leading Saudi investor group in the IT and technology sector has joined hands with SuperNova Solutions, a major Pakistani enterprise resource planning and business solutions provider, the Pakistani firm said on Monday. The partnership deal...

Square Pharma, Boehringer Ingelheim partner to launch Aftovaxpur

2024-03-05 00:00:00

Boehringer Ingelheim, a global leader in animal health, has joined hands with Square Pharmaceuticals PLC to introduce Aftovaxpur, an advanced FMD vaccine for ruminants in Bangladesh. This collaboration addresses the urgent need for a vital solution to combat the recurring...

SOCIAL ISLAMI BANK LAUNCHES SPECIAL PRODUCT FOR FREELANCERS

2024-03-05 00:00:00

Social Islami Bank has rolled out a specialised product for freelancers -- 'SIBL Freelancer Solution' -- in order to expedite their activities and inflow of foreign remittance. Zafar Alam, Managing Director and CEO, inaugurated the product as the chief guest...

Import of 500 MW from Nepal at final stage: Nasrul

2024-03-05 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said on Monday that the import of 500 MW of electricity from Nepal through Indian company GMR is almost at the final stage while the issue of renewable energy import...

Yao Wen paid a courtesy call on Nasrul Hamid

2024-03-05 00:00:00

Chinese Ambassador to Bangladesh Yao Wen paid a courtesy call on State Minister for Power, Energy and Mineral Resources Nasrul Hamid at his office in the city on Monday. — Focus Bangla

Merchandise exports witness over 12pc growth in Feb

FE REPORT | 2024-03-05 00:00:00

Merchandise exports fetched Bangladesh US$5.18 billion in February 2024, recording a 12.04-percent year-on-year growth, with apparel shipments overwhelmingly dominating the invoice as usual. Export receipts amounted to US$4.63 billion in February 2023, according to Export Promotion Bureau (EPB) data published...

Weather (2024-03-05)

2024-03-05 00:00:00

Rain/thunder showers accompanied by temporary gusty wind is likely at one or two places over Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office....

Raisha, a first grader of Viqarunnisa Noon School & College, taking a snap

2024-03-05 00:00:00

Raisha, a first grader of Viqarunnisa Noon School & College, taking a snap of the burnt seven-storey building of the Green Cozy Cottage Shopping Mall on Bailey Road in the city on Monday. A devastating fire that ripped through the...

Woman’s body recovered from Pallabi

2024-03-05 00:00:00

The body of a newlywed woman was recovered from her residence at Pallabi in the city on Sunday, reports UNB.The deceased was identified as Mahfuza Motaleb, wife of Aminul Islam.Pallabi police station Officer-in-Charge (OC) Apurbo Hasan said Aminul and Mahfuza...

City restaurants under surveillance of DB: Harun

FE REPORT | 2024-03-05 00:00:00

Chief of the Detective Branch (DB) of Dhaka Metropolitan Police Mohammad Harun-or-Rashid said on Monday they were keeping the capital's restaurants under constant surveillance apart from police monitoring. Mr Harun said this while talking to the media at his Minto...

Medical student shot by teacher in Sirajganj classroom

2024-03-05 00:00:00

SIRAJGANJ, Mar 04 (UNB): A student of Shaheed Monsur Ali Medical College in Sirajganj was shot with a gun by a teacher inside the classroom on Monday.The student, Arafat Ashik Tomal, 23, was admitted to hospital. He is a resident...

HC forms body to unearth reasons

FE REPORT | 2024-03-05 00:00:00

The High Court (HC) on Monday formed a seven-member committee to find out reasons behind the Bailey Road building fire that killed at least 46 people on February 29.The committee has been asked to submit a probe report within four...

PM receives Joy Bangla Concert banner, poster

2024-03-05 00:00:00

Prime Minister (PM) Sheikh Hasina has received the poster, banner, and souvenir for the upcoming Joy Bangla Concert, as shared by Trustee of the Centre for Research and Information (CRI) and State Minister for Power, Energy and Mineral Resources, Nasrul...

Govt urged to frame CPPA policy to promote green energy

FE REPORT | 2024-03-05 00:00:00

Speakers at a discussion on Monday urged the government to formulate Corporate Power Purchase Agreement (CPPA) policy to let them contribute to green energy.They, however, stressed the need for making partnerships among government, private sector and advocacy groups.They came up...

S Korea announces highest-ever job quota for Bangladeshi workers

ARAFAT ARA | 2024-03-05 00:00:00

South Korea has announced an 11,500 job quota for Bangladeshi workers for this year, the highest-ever Korean job quota for Bangladesh.Korea which employs semi-skilled workers from 16 countries through the employment permit system (EPS) announced the job quota last month.Like...

Mirza Fakhrul off to Singapore for health checkup

FE REPORT | 2024-03-05 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir left the capital on Monday for Singapore for a regular health checkup.He was accompanied by his wife Rahat Ara Begum. They left Hazrat Shahjalal International Airport on a flight of Biman Bangladesh Airlines...

FM to join OIC meeting on Israeli aggression

2024-03-05 00:00:00

Foreign Minister (FM) Hasan Mahmud, now in Türkiye, will attend an extraordinary meeting of OIC Council of Foreign Ministers in Jeddah today (Tuesday) to discuss the continued Israeli aggression against Palestinian people, reports UNB.The Organisation of Islamic Cooperation (OIC) will...

Simeen Hossain briefs JS on steps to prevent rampant child marriage

2024-03-05 00:00:00

State Minister for Women and Children Affairs Simeen Hussain (Rimi) on Monday outlined 17 steps being taken by the government to prevent child marriage in Parliament, reports UNB.She said this in Parliament replying to a query of Jatiya Party MP...

BNP wants to create anarchy in country: Nasim

2024-03-05 00:00:00

Awami League (AL) Joint General Secretary AFM Bahauddin Nasim, MP, on Monday said BNP wants to create anarchy in the name of movement as the party doesn't want progress of the country and its people, reports BSS."BNP is an enemy...

AL-backed syndicates behind unusual price hike: Farroque

2024-03-05 00:00:00

BNP Chairperson's Advisory Council Member Zainul Abedin Farroque on Monday blamed Awami League-backed syndicates for unusual hike in prices of essentials, reports UNB."The traders who are responsible for price hike are part of Awami League (AL) syndicate. AL leaders fill...

Arafat for ensuring transparency in disbursing grants for films

2024-03-05 00:00:00

State Minister for Information and Broadcasting Mohammad Ali Arafat on Monday said the government is committed to ensuring transparency and accountability in disbursement of government grants for film production, reports BSS. "More transparency and professionalism will be ensured in disbursement...

British era-Railways Act to be updated: Railways minister

2024-03-05 00:00:00

Railways Minister Zillul Hakim on Monday said the Government is working to amend the 134 years old Railways Act, including updating it through incorporating harsh punishment to stop various irregularities in the Railways sector, reports UNB.The minister said this in...

NY Court rules in BB's favour for case to proceed against RCBC

2024-03-05 00:00:00

In a historic decision on February 29, the New York State Supreme Court, First Appellate Department, ruled in favour of Bangladesh Bank in its pursuit of justice against Rizal Commercial Banking Corporation (RCBC) and key individuals involved in the infamous...