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It's the economy, not the politics

2007-07-26 00:00:00

AFM MohiuddinTHE numerous newspaper editorials or the endless talk-shows (gibberish) might continue to dissect the political discourse of the country; the street folks only care about two square meals a day. To the millions of malnourished and the poverty-stricken people...

Open source software: Good bye to digital divide

2007-07-26 00:00:00

Md. Anwarul KabirBASED on the Marxist economic theory of surplus value incorporated with the Darwin's theory of evolution in social sphere, socialism, the pro-poor doctrine was introduced in the late 19th century. Later on, the early 20th century has witnessed...

Time for some clarity on all this stuff about ambiguity

2007-07-26 00:00:00

DO you mind if I make a rather embarrassing confession? I am not comfortable with ambiguity. This must explain why so few headhunters - well, none, actually - have been on to me in recent weeks about any of the...

WTO farm trade proposals get lukewarm welcome

2007-07-26 00:00:00

GENEVA, July 25 (AFP): World Trade Organisation (WTO) members including the United States and European Union gave a lukewarm welcome yesterday to new proposals aimed at salvaging WTO talks on reducing barriers to agricultural trade. The two trading giants said...

US housing difficulties cause for concern but no systemic threat

2007-07-26 00:00:00

PARIS, July 25 (AFP): The downturn in the US housing sector, which has sparked market jitters, is of serious concern but poses no major risk of an overall US financial meltdown, the ratings agency Moody's said today. "The shock-absorption capacity...

Paulson heading to China as trade frictions grow

2007-07-26 00:00:00

WASHINGTON, July 25 (AFP): Treasury Secretary Henry Paulson announced plans Tuesday to visit China next week for high-level economic talks amid simmering discontent at home over Chinese trade policies. The announcement comes amid growing pressure to curb the burgeoning trade...

US Congress renews Myanmar imports ban

2007-07-26 00:00:00

WASHINGTON, July 25 (AFP): The US Congress yesterday voted to renew a ban on all imports from military-ruled Myanmar under a sanctions regime imposed over the suppression of Aung San Suu Kyi's democracy movement. The Senate voted 93-1 to extend...

Tibet economy grows 14.7pc in first half year

2007-07-26 00:00:00

LHASA, July 25 (CEIS): Tibet's economy posted a 14.7-per cent growth in the first half of this year, the highest over the past decade, government statistics showed yesterday. The gross domestic product (GDP) reached 14 billion yuan (1.84 billion US...

S Korean growth speeds up in Q2

2007-07-26 00:00:00

SEOUL, July 25 (AFP): South Korea's economy grew faster in the second quarter compared to three months earlier due mainly to robust exports and strong manufacturing output, the central bank said today. Gross domestic product rose 1.7 per cent quarter-on-quarter...

Arab League delegation to formally present an Arab peace plan

2007-07-26 00:00:00

JERUSALEM, July 25 (AP): The foreign ministers of Egypt and Jordan began a historic visit to Israel on Wednesday to formally present an Arab peace plan, saying they were extending "a hand of peace" on behalf of the region. The...

Rocket attack kills eight in Pakistan

2007-07-26 00:00:00

MIRANSHAH, Pakistan, July 25 (AFP): Islamic militants fired a barrage of rockets into a city in northwest Pakistan early Wednesday, killing at least eight civilians and injuring 41 amid a wave of violence sweeping the country. The attack close to...

Abe battling to keep job after election

2007-07-26 00:00:00

TOKYO, July 25 (Reuters): Japanese Prime Minister Shinzo Abe's backers are trying to set the stage for him to keep his job if his ruling bloc gets trounced in a parliamentary election Sunday, but analysts wonder whether the strategy will...

Cancer risk seen with very low cholesterol levels

2007-07-26 00:00:00

CHICAGO, July 25 (AFP): Lowering bad, or LDL, cholesterol is one of the top strategies for preventing heart disease, but taking it too low may raise the risk of cancer, a study cautioned Tuesday. The red flag comes from a...

India's first woman president to be sworn in

2007-07-26 00:00:00

NEW DELHI, July 25 (AFP): India's first female president, Pratibha Patil, will be sworn in Wednesday as head of state of the world's largest democracy.The 72-year-old lawyer will take over the largely ceremonial role from outgoing president Abdul Kalam at...

Oxford residents evacuated as UK flood waters rise

2007-07-26 00:00:00

LONDON, July 25 (Reuters): Emergency services evacuated hundreds of homes in the university city of Oxford Wednesday as the River Thames broke its banks and Britain grappled with its worst floods in 60 years. Water levels rose steadily overnight and...

US naturalises 32,000 immigrant soldiers since Iraq war

2007-07-26 00:00:00

WASHINGTON, July 25 (AFP): Dressed in US military uniforms, an Iraqi, a Mexican and a Colombian stand proudly at their naturalization ceremony, each clutching a miniature American flag in one hand and a copy of the constitution in the other....

Lanka blast toll climbs to 12

2007-07-26 00:00:00

COLOMBO, July 25 (AFP): The death toll in a bomb attack against a military convoy in northern Sri Lanka rose to 12 as a wounded soldier died in hospital Wednesday, police said. Suspected Tamil Tiger guerrillas set off a powerful...

Australian PM to visit East Timor

2007-07-26 00:00:00

SYDNEY, July 25 (AFP): Australian Prime Minister John Howard said Wednesday he would visit East Timor Thursday for talks with President Jose Ramos-Horta.Howard said he would also spend time with Australian troops and police helping maintain security in the country...

India approves nuclear deal with US

2007-07-26 00:00:00

NEW DELHI, July 25 (AP): India's Cabinet has signed off on the technical details of a civilian nuclear cooperation deal with the United States, moving a step closer to finalizing a pact touted as the cornerstone of an emerging partnership,...

Afghan Taliban set new deadline for Korean hostages

2007-07-26 00:00:00

KABUL, July 25 (Reuters): Taliban spokesman Qari Mohammad Yousuf said patience was running out in talks over 23 South Korean hostages kidnapped by insurgents in Afghanistan and said rebel prisoners must be freed by 0930 GMT on Wednesday. "We had...

Iran nuclear plant not operational before 2008: Russian contractor

2007-07-26 00:00:00

MOSCOW, July 25 (AFP): A nuclear plant Russia is building for Iran will not be completed before autumn 2008 at the earliest, Russian news agencies quoted one of the companies building the plant as saying Wednesday. "The real date for...

Two UK journalists held over attempted fake bomb sting

2007-07-26 00:00:00

LONDON, July 25 (AFP): Two British newspaper journalists were arrested Tuesday after trying to plant a fake bomb on a train to test security, the publication and police said. The unnamed pair, both men working for the Daily Mirror tabloid,...

Jakarta keen to buy drugs, explore jt ventures in textile, fertiliser sectors

2007-07-26 00:00:00

Indonesia is keen to buy pharmaceuticals from Bangladesh and likes to explore joint ventures in textile and fertiliser sectors, reports UNB.Director General for Asia, Pacific and African Affairs of Indonesia Primo Alui Joelianto said this while talking to the press...

PKSF, BCSIR sign cooperation deal

2007-07-26 00:00:00

FE ReportPalli Karma Sahayak Foundation (PKSF) and Bangladesh Council of Scientific and Industrial Research (BCSIR) have signed a memorandum of understanding (MoU) in the city Wednesday to cooperate with one another in the country's poverty alleviation and economic development by...

Zia fertiliser fails to meet target

2007-07-26 00:00:00

Our Correspondent BRAHMANBARIA, July 25: Zia Fertiliser Factory (ZFF) at Ashuganj failed to reach the production target during the last financial year due mainly to frequent operation suspension.Official sources said operations in the 26-year-old fertiliser factory had been suspended 24...

One Bank earns Tk 448.9m half-yearly operating profit

2007-07-26 00:00:00

FE ReportOne Bank Limited (OBL) has earned an operating profit of Tk 448.90 million (44.89 crore) for the half year ended on June 30, registering a 53.53 per cent growth over that of the corresponding period of the preceding year...

Oman Air, Air Arabia to operate direct flights from Ctg to Middle East

2007-07-26 00:00:00

Our CorrespondentCHITTAGONG, July 25: Two international airline agencies - Oman Airlines and Air Arabia - have obtained the government's permission to operate direct flights from Chittagong to Middle East. Besides, the approval of flight operation by four other airlines is...

Muslehuddin, Farid new AMDs of Karnaphuli Ins

2007-07-26 00:00:00

FE ReportThe board of directors of Karnaphuli Insurance Company Limited has recently promoted Muslehuddin, chief of claims, underwriting and re-insurance of head office, and Fariduddin Khan Siddiqui, chief of Chittagong region, to the rank of additional managing director.Md Muslehuddin joined...

KHPC makes record in power generation

2007-07-26 00:00:00

Our CorrespondentCHITTAGONG, Jul 25: Kaptai Hydro Power Centre (KHPC) made a record in power generation when they generated 230 megawatt (mw) of power, Tuesday.By doing so, it proved its capability in generating power to the maximum level.With the full-fledged power...

Commercial Bank of Ceylon takes part in job fair

2007-07-26 00:00:00

FE ReportCommercial Bank of Ceylon took part in the North South University-organised Fourth National Career Fair in the city recently, said a press release.Job seekers visited the stall of the bank and submitted their CVs. Chairman of the Public Service...