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Verdict in DSA case against Adilur, Elan deferred to Sept 14

2023-09-08 00:00:00

A Dhaka court on Thursday fixed September 14 for delivering the verdict in a case filed against rights body Odhikar's Secretary Adilur Rahman Khan and director Nasiruddin Elan for publishing a report about the death toll in clashes between police...

Three Sramik League men stabbed

2023-09-08 00:00:00

NATORE, Sept. 07 (UNB): Three activists of Sramik League were stabbed reportedly over intra-party feud in Natore town on Thursday.Witnesses said, a group of youths entered the Sramik League office in Chakbaiddanath area of the town around 2 pm and...

Govt depriving Khaleda of proper treatment, alleges Fakhrul

2023-09-08 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday alleged that the government is depriving their party's ailing former Prime Minister Khaleda Zia of proper treatment, reports UNB."Our leader Begum Khaleda has been undergoing treatment at Evercare Hospital as she...

US wants to see B'deshis' aspirations fully realised

2023-09-08 00:00:00

The United States has said they want to see the aspirations of the Bangladeshi people fully realised while the country will consistently try to champion those aspirations, reports UNB."We support the need for free and fair elections. Nothing's changed about...

Vexatious cases take 'pandemic' shape in country

FE REPORT | 2023-09-08 00:00:00

A Law Commission report said that false and vexatious cases have taken a 'pandemic' shape in the country. The Law Commission which is chaired by the former Chief Justice A B M Khairul Haque has recently sent such a report...

301 lawyers' plea to end 'oppressive' measures

FE REPORT | 2023-09-08 00:00:00

As many as 301 lawyers have issued a statement, demanding an end to 'harassment and oppressive measures against Nobel laureate Prof Dr Muhammad Yunus by the incumbent government'.In the statement issued on Thursday, the Supreme Court lawyers said, "As the...

Govt may send me to jail: Mirza Fakhrul

FE REPORT | 2023-09-08 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir apprehended that the government might send him to jail within the next one and a half months."My assumption is that like Aman Ullah Aman, I might be sent to jail...

Fakhrul's worries about imprisonment is to put pressure on govt: Quader

2023-09-08 00:00:00

Awami League General Secretary Obaidul Quader on Thursday said BNP Secretary General Mirza Fakhrul Islam Alamgir has voiced his concern of being imprisoned before media aiming to hide his offenses and put pressure on the government, reports BSS."Mirza Fakhrul Islam...

S&P 500, Nasdaq futures fall on inflation concerns

2023-09-08 00:00:00

The S&P 500 and Nasdaq futures fell on Thursday over concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day to gauge the US interest rate path, reports Reuters.Wall Street's three major stock...

World stocks struggle on higher-for-longer rate bets

2023-09-08 00:00:00

LONDON, Sept 7 (Reuters): World stocks slid for a third straight day on Thursday and were choppy in Europe, as new signs of sustained inflationary pressures in the United States and rising energy prices globally boosted the case for higher-for-longer...

Most Gulf markets gain, Saudi falls as IMF forecasts slowdown in growth

2023-09-08 00:00:00

Most major stock markets in the Gulf rose in early trading on Thursday, shrugging off concerns around global economy, while the Saudi index eased as the International Monetary Fund (IMF) expects the kingdom's economic growth to slow, reports Reuters.The IMF...

China's major banks to lower rates on existing first-home mortgages

2023-09-08 00:00:00

BEIJING, Sept 7 (Reuters): Five of China's major state banks said on Thursday they will start to lower interest rates on existing mortgages for first-home loans, part of a series of support measures announced by Beijing in recent weeks.Chinese regulators...

India's Nifty, Sensex subdued; small, mid-caps extend record run

2023-09-08 00:00:00

BENGALURU, Sept 7 (Reuters): Indian benchmark indexes inched lower on Thursday, weighed by worries that US interest rates will remain higher for longer, while domestic focussed small and mid-cap indexes continued their record run.The Nifty 50 index and S&P BSE...

US lawmaker calls for ending exports to Huawei

2023-09-08 00:00:00

BEIJING, Sept 07 (Reuters): The US Commerce Department should end all technology exports to Huawei and China's top semiconductor firm following the discovery of new chips in Huawei phones that may violate trade restrictions, the chair of the House of...

EON GROUP CELEBRATES 23RD ANNIVERSARY

2023-09-08 00:00:00

EON Group of Industries, a leading agro-based organisation, celebrated its 23rd founding anniversary at the EON Convention Centre at Tejgaon in Dhaka on Tuesday. Chairman and Managing Director of EON Group Momin Ud Dowlah was present as the chief guest...

Global Ins chair re-elected

2023-09-08 00:00:00

The Board of Directors of Global Insurance Limited in its recent meeting has unanimously re-elected Sayeed Ahmed its chairman and elected Sazzad Arefin Alam its vice chairman, says a press release. Sayeed Ahmed, an entrepreneur and industrialist, is the chairman...

Technology Park opens in Netrakona

2023-09-08 00:00:00

The Technology Park was inaugurated in Netrakona district on Wednesday in a significant step towards agricultural modernisation and innovation, says a press release. This remarkable initiative is a collaborative effort between the Appropriate Scale Mechanization Innovation Hub (ASMIH)-Bangladesh Project, Bangladesh...

Ship-breaking industry in dire straits due to ‘red’ category

NAZIMUDDIN SHYAMOL | 2023-09-08 00:00:00

CHATTOGRAM, Sept 07: Ship-breaking industry in Chattogram which was categorised as 'red' by the Department Environment (DoE) on April 26 this year is yet to be categorised as 'orange'. As a result, the industry is suffering a lot and supply...

Short-time profiting drags stocks back into the red

FE REPORT | 2023-09-08 00:00:00

Stocks were back in the red on Thursday after a single-day break as cautious investors exerted sell pressure to secure short-term gains from the persisting volatile market. Sea Pearl Beach Resorts, LafargeHolcim, Eastern Housing, Unique Hotel & Resorts, and Emerald...

Walton's FY23 profit lowest since listing, on high forex loss, production cost

FE REPORT | 2023-09-08 00:00:00

The dollar gaining strength and runaway inflation coupled with costlier raw materials dragged the annual profit of the electronic giant -- Walton Hi-Tech Industries -- to its lowest in FY23 since listing in 2020. The most-valued local company in terms...

Sanctions against Russia bringing BRICS closer, executives say

2023-09-08 00:00:00

SINGAPORE, Sept 07 (Reuters): Western sanctions against Russia are driving the BRICS grouping of countries closer together in addition to curbing Moscow's oil revenue, some executives at a major Asia energy conference said.Sanctions imposed by the Group of Seven and...

UK retailer B&M to buy 51 stores of Wilko

2023-09-08 00:00:00

British discount retailer B&M said on Tuesday it will buy 51 stores of collapsed Wilko for up to 13 million pounds ($16.29 million), a month after the homeware and household goods discount retailer went into administration, reports Reuters.Wilko was taken...

German suppliers welcome Chinese EV makers' European plans

2023-09-08 00:00:00

MUNICH, Sept 07 (Reuters): While Western carmakers look warily upon the European expansion plans of Chinese electric vehicle makers, major German auto suppliers are eager to expand on existing partnerships in China and provide those rising manufacturers with European-made parts."Chinese...

Indonesia proposes critical minerals trade deal with US

2023-09-08 00:00:00

JAKARTA, Sept 07 (Reuters): Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the US Inflation Reduction Act, an Indonesian ministry...

IKEA stores owner plans recycling expansion

2023-09-08 00:00:00

LONDON, Sept 7 (Reuters): The largest owner of IKEA stores is planning to expand its mattress recycling across Europe, but without changes to incentives it will remain cheaper to incinerate in many markets, the managing director of its investment arm...

UNION BANK FOUNDATION TRAINING COURSE

2023-09-08 00:00:00

The concluding ceremony of a 15-day long Foundation Training Course organised by Union Bank Training Institute was held recently. Managing Director & CEO of Union Bank ABM Mokammel Hoque Chowdhury was present as the chief guest at the programme presided...

China's trade slump narrows

2023-09-08 00:00:00

BEIJING, Sept 7 (Reuters): China's exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending at home squeezed businesses in the world's second-largest economy, although the falls were slower than expected.While...

Nagad teams up with TerraPay for seamless remittance inflows

2023-09-08 00:00:00

Expatriate Bangladeshis around the world can now send home remittances through Nagad in a faster and easier way, as TerraPay, a global payments network, will provide seamless cross-border money transfer solutions, says a press release. Nagad Limited, known for its...

StanChart unveils cashless offers for Durga Puja festival

2023-09-08 00:00:00

As preparations for Durga Puja, scheduled for late October, have already begun, Standard Chartered has partnered with popular lifestyle, travel, dining, and home goods brands to bring a vast array of unique special offers to customers, says a press release.To...

Most protein items go pricier

FE REPORT | 2023-09-08 00:00:00

Chicken, fish and pulses, the major protein sources, showed a further hike in prices last week much to the discomfort of the people on low incomes.The price of ginger also shot up again amid a crunch in supply, according to...