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Brussels hits at Airbus subsidy claim

2007-07-28 00:00:00

Frances Williams in Geneva A US claim that Airbus, the European aircraft maker, received government assistance worth more than $200bn was dismissed on Tuesday by European Union trade officials as "ridiculous and absurd".Brussels said the US made the claim in...

Investors' flight from risk picks up pace

2007-07-28 00:00:00

Paul J Davies and Gillian TettInvestors in European and US credit markets accelerated their flight from risk last Wednesday as the turmoil from the US mortgage markets continued to spill over into other asset classes. The change in sentiment, which...

Beijing to address EU product fears

2007-07-28 00:00:00

Mure Dickie in BeijingChina has promised to respond regularly and in detail to European complaints about potentially dangerous exported products after previously failing to live up to a commitment to do so, the EU's consumer safety chief said recently.On a...

UK warns over push for state protection

2007-07-28 00:00:00

Scheherazade Daneshkhu and James Blitz in LondonBritain will on Wednesday signal that it is not prepared to see the recent controversies over the increasing power of overseas state-backed investors used as a pretext for a new wave of protectionism.In his...

The trivial difference between life and death

2007-07-28 00:00:00

Zofeen EbrahimAs Superintendent Nusrat Hussain Mangan of Central Prison in the southern port city of Karachi spends sleepless nights trying to figure out how to raise money to save the life of one inmate, just one of 107 on his...

HIV/AIDS Experts Swear by Circumcision

2007-07-28 00:00:00

Neena BhandariMale circumcision could prevent millions of new HIV infections a year, delegates at the 4th International AIDS Society (IAS) Conference on HIV Pathogenesis, Treatment and Prevention were told here on Tuesday. Over 45 observational studies, three clinical trials and...

Hug the Asian who's taking your job

2007-07-28 00:00:00

Tom PlateClichés can aid in understanding complexity. Consider the always-helpful cliché that every coin has two sides. So, in this spirit of the obvious, let us for once look at the other side of the coin regarding the constant drumbeat...

End of Road for Nepal's Monarchy?

2007-07-28 00:00:00

Damakant JayshiA republican wave that swept King Gyanendra out of power last year continues to blow strongly through Nepal.Three times in the past two weeks, the king was put to great embarrassment. His highly publicised three-day, diamond jubilee birthday celebrations...

Asian Gateways bags RM5.5b India power plant job

2007-07-28 00:00:00

In what is seen as the first fully-owned Malaysian company to penetrate the tough Indian power sector, Asian Gateways Construction Sdn Bhd (AGC) has secured a 30-year contract to supply power. The project is expected to generate about RM1.028 billion...

3 killed, 3 injured in explosion at rocket test site in Mojave

2007-07-28 00:00:00

MOJAVE July 27 (Agencies): Three workers were killed and three others were badly hurt Thursday afternoon in an explosion on the edge of Kern County's Mojave airport during the test of a propellant system for a pioneering private spaceship.The blast...

28 Afghans killed in airstrikes

2007-07-28 00:00:00

KANDAHAR, July 27 (AFP): NATO and Afghan troops clashed with Taliban insurgents and called in airstrikes, killing at least 50 suspected militants and dozens of civilians, local officials and villagers said Friday. The fighting started Thursday night in the village...

Islamist activists protest as Pakistan reopens Red Mosque

2007-07-28 00:00:00

Hundreds of hardline Islamist activists protested in the centre of Islamabad Friday as the government of General Pervez Musharraf re-opened the controversial Taliban-style Lal Masjid, or Red Mosque, for the first time since it was stormed by the military earlier...

US judge rules town's anti-immigrant laws unconstitutional

2007-07-28 00:00:00

NEW YORK, July 27 (AFP): A US federal judge Thursday ruled that a small town's efforts to crack down on illegal immigrants were unconstitutional, in a blow to similar laws adopted across much of the United States. Judge James Munley...

One million people in Nepal face food shortage

2007-07-28 00:00:00

NEW YORK, July 27 (PTI): More than one million people in Nepal are facing food shortage as a series of natural disasters have damaged the crops in the country. Prolonged droughts, hail storms and floods in most productive areas has...

Bhutan's prime minister resigns ahead of polls

2007-07-28 00:00:00

GUWAHATI, India, July 27 (AFP): Bhutan's prime minister Lyonpo Khandu Wangchuk and six cabinet ministers resigned on Thursday to contest the kingdom's first elections designed to bring democracy, state television said. "I on behalf of six other ministers submitted our...

Giant wombat bone found in Australia

2007-07-28 00:00:00

SYDNEY, July 27 (AFP): Scientists in Australia announced Friday they had found the jawbone of a giant wombat the size of a large car that lived 20,000-40,000 years ago. The jawbone of the ancient marsupial, part of the "mega- fauna"...

news digest

2007-07-28 00:00:00

JK Rowling turns the page on Harry Potter WASHINGTON, July 27: British author J.K. Rowling, who a week ago published the final Harry Potter book, said in an interview out Thursday that she is already back at work. The British...

Essentials' prices rise as continual rains disrupt supply

2007-07-28 00:00:00

FE ReportThe inclement monsoon weather conditions pushed up prices of some essential commodities despite government's drive against price hike in the city markets over the last week.Traders said during the last week prices of edible oil, vegetables, green chilli and...

Prime Bank holds 26th meeting of Shariah Council

2007-07-28 00:00:00

FE ReportPrime Bank Ltd held the 26th meeting of its Shariah Council at the bank's head office in the city recently. Prime Bank Shariah Council Chairman and Khatib of Baitul Mukarram National Mosque Moulana Ubaidul Haq presided over the meeting.Vice...

Geeti Ara for more research on garment sector

2007-07-28 00:00:00

Adviser for Industries, Textiles and Jute, Social Welfare, and Women and Children Geeti Ara Safiya Chowdhury Friday urged the persons concerned to contain standard and diversity of Bangladeshi textiles and garment products for strong existence in the global markets, reports...

Phoenix Finance provides Tk 100m for BRAC's micro-finance programmes

2007-07-28 00:00:00

FE ReportPhoenix Finance and Investments Limited (PFIL) has provided financial support of Tk 100 million (10 crore) to BRAC for supporting and strengthening its micro-finance programmes. In this regard a fund disbursement ceremony was held in the city Tuesday, where...

Call rate remains steady

2007-07-28 00:00:00

Sarwar ZahanThe inter-bank call money rate was steady last week repeating the previous week's trend despite withdrawal of large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Bank (BB) bills and Bangladesh Government treasury (BGT)...

weekly currency roundup

2007-07-28 00:00:00

Commercial Bank of CeylonJuly 22 to July 26, 2007The USD/BDT market was further down last week due to higher inward remittances compared to the LC settlement volume. Higher inward remittances allowed the banks to sell more USD in the inter-bank...

Freight forwarders reject draft policy amendments

2007-07-28 00:00:00

Doulot Akter MalaA government move to bring the freight forwarding business under a licensing system has gone haywire following opposition to the changes made in the draft policy in contradiction to the one agreed by all stakeholders.The government in an...

More rivers overflow to worsen flood

2007-07-28 00:00:00

The overall flood situation in the country may deteriorate further in the 24 hours until 6:00 am Saturday, according to a bulletin of the Flood Forecasting and Warning Centre (FFWC) Friday, report agencies.The FFWC bulletin said the water levels of...

Army ready to face flood situation

2007-07-28 00:00:00

Army is ready to face any situation arising out of the current flood in cooperation with the civil administration, a senior military official said in the city Friday, reports UNB.Briefing reporters at the army headquarters monitoring cell, Firoz Rahim, GSO...

Dhaka, Yangon sign deal on road link

2007-07-28 00:00:00

FE Report Bangladesh and Myanmar signed an agreement Friday to build a cross-border friendship road that will subsequently link Bangladesh with the Chinese spring city Kunming as well as Thailand, Malaysia and Singapore by land route. Communications adviser Major General...

Reformist Bhuiyan, loyalist Hannan Shah cross swords over council session

2007-07-28 00:00:00

BNP secretary general Abdul Mannan Bhuiyan Friday said they would announce the date for the party's planned council with the permission of chairperson Khaleda Zia, reports UNB.But BNP Chairperson Khaleda Zia's adviser ASM Hannan Shah has called upon the party...

Hasina skeptic about getting justice

2007-07-28 00:00:00

Detained Awami League (AL) chief Sheikh Hasina Friday expressed deep concern that she would be denied justice and said if she gets justice, she will be proved innocent, reports UNB."The cases against me were politically motivated and baseless…I think I...

NBR simplifies income tax return forms

2007-07-28 00:00:00

S M JahangirThe National Board of Revenue (NBR) has simplified its income tax return forms to make the tax payment easier and compliance-friendly for the taxpayers.The purpose of simplifying the return forms is to lure more people in the tax...