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US 'refuses to hand over CIA agents' to Germany

2007-09-24 00:00:00

US authorities have told Germany they will not hand over 13 suspected CIA agents sought over the alleged kidnapping of a German citizen in 2003, an official said. In response, the German government has dropped its extradition demand, according to...

Talabani urges US to free Iranian 'guest'

2007-09-24 00:00:00

BAGHDAD, Sept 23 (BBC): Talabani said he was "dismayed" by the arrest by US troops Iraqi President Jalal Talabani has called for the immediate release of an Iranian official detained by US forces in the semi-autonomous Kurdish north. Talabani said...

Pakistan police arrest four opposition leaders

2007-09-24 00:00:00

ISLAMABAD, Sept 23 (AFP): Pakistani police detained four key opposition figures Saturday to prevent further protests against President Pervez Musharraf's re-election, police and party officials said. The men support an alliance of pro-democracy parties which has vowed to hold demonstrations...

Rice, al-Maliki avoid each other at UN meet

2007-09-24 00:00:00

UNITED NATIONS, SEPT 23 (AP): US Secretary of State Condoleezza Rice and Iraqi Prime Minister Nouri al-Maliki kept a polite distance as they attended a group meeting and avoided discussion of a Baghdad shootout involving guards from a US company...

Afghanistan under scrutiny at UN sponsored meet

2007-09-24 00:00:00

UNITED NATIONS, Sept 23 (AFP): Eighteen countries meet here Sunday to review six years of efforts to spur reconstruction and good governance in Afghanistan at a time when the restive country is beset by a resurgent Taliban insurgency and soaring...

Abe apologises for political vacuum

2007-09-24 00:00:00

TOKYO, Sept 23 (AFP): Hospitalised Japanese Prime Minister Shinzo Abe apologised Sunday for creating a political vacuum after he abruptly announced his resignation earlier this month. Abe failed to attend a meeting of his ruling Liberal Democratic Party (LDP), which...

The second Dhaka-Chittagong highway

2007-09-23 00:00:00

The business community has been demanding for long the construction of another highway linking Dhaka with Chittagong for easier and faster transportation of import and export cargoes to and from the Chittagong port, the lifeline of the country's economy. The...

'Open sky policy' and manpower export

2007-09-23 00:00:00

Shahiduzzaman KhanIn a major policy decision, the council of advisers of the caretaker government (CG) decided recently to open the sky in the country's three international airports for three months for quick journey of foreign-bound passengers, particularly Bangladeshi expatriates, amid...

Global financial market crisis

2007-09-23 00:00:00

Shireen Scheik MainuddinMOVEMENTS of an earthquake magnitude in what appears to be the most serious event since the stock market crash of 1987, shook the financial markets of the developed world in mid-August, leaving most large international banks reeling. The...

China to impose HK investment quota

2007-09-23 00:00:00

Jamil Anderlini CHINA is to impose a quota on investments on the Hong Kong stock market -- which will reduce capital outflows to a fraction of the $100bn-plus forecast when its outward investment scheme was announced last month.Liu Mingkang, chairman...

Health services at the grass roots

2007-09-23 00:00:00

ANYONE visiting public hospitals and the health complexes across the country surely knows it from the first hand experience and would question whether the availability of more doctors in the rural areas is enough to improve the public services. Another...

Unsolicited 'advice'

2007-09-23 00:00:00

As usual the visiting dignitary from a western country finding no other issues "advised' the government to open outdoor politics without realizing the significance and effect of any such move. While making the 'advice,' he appears to have totally ignored...

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...