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Global equity funds draw big inflows as inflationary pressures ease

2023-09-16 00:00:00

Global equity funds attracted substantial inflows in the week ending September 13, buoyed by hopes the Federal Reserve might halt its rate increases amidst easing inflationary concerns, potentially boosting risk assets, reports Reuters.According to LSEG data, investors channelled approximately $9.95...

Instacart raises IPO price range after robust Arm debut

2023-09-16 00:00:00

Grocery delivery app Instacart raised its proposed price range for its initial public offering (IPO) on Friday, revising its terms to target a fully-diluted valuation of up to $10 billion following a stellar debut for Arm Holdings, reports Reuters.The price...

Stocks snap three-week rally as insurers surge

FE REPORT | 2023-09-16 00:00:00

Snapping a three-week winning streak, the stock market slipped into the red in the outgoing week as cautious investors rushed to realise short-term gains. Amid lack of clear market direction, the benchmark equities index witnessed selling pressure and edged lower...

Global hunger worse today than in 2015, imperiling UN goals

2023-09-16 00:00:00

WASHINGTON, Sept 15 (Reuters): There are 745 million more moderately to severely hungry people in the world today than in 2015, and the world is far off track in its efforts to meet an ambitious United Nations goal to end...

StanChart joins climate summit as sustainable investment partner

2023-09-16 00:00:00

Standard Chartered Bangladesh joined the Regional Climate Summit 2023 as the programme's sustainable investment partner. The overarching theme for this year's event was "Towards a Resilient South Asia" - driving dialogue, consensus, and commitment towards sustainable and scalable development while...

5G ambitions falter as local smartphone production falls

ISMAIL HOSSAIN | 2023-09-16 00:00:00

Although mobile phone manufacturing in the country tripled in July this year compared to May, local phone makers saw smartphone productions plummet - putting Bangladesh's much-celebrated entry into the fifth-generation (5G) era in question.The share of smartphone production dropped a...

Champions League

2023-09-16 00:00:00

The ICC Men's Cricket World Cup 2023 trophy

2023-09-16 00:00:00

The ICC Men's Cricket World Cup 2023 trophy is displayed during a press conference in Chennai on Friday, as part of an official trophy tour — AFP

Ex-Australia cricketer MacGill charged with drug supply

2023-09-16 00:00:00

SYDNEY, Sept 15 (AFP): Former Australian Test cricket star Stuart MacGill has been arrested and charged for his alleged role in a commercial-scale cocaine deal, police said Friday.The retired leg-spinner came to the attention of detectives in April 2021, when...

Why Pakistan, Sri Lanka both scored 252, yet Babar Azam's team lost Asia Cup match

2023-09-16 00:00:00

The Asia Cup 2023 Super 4 match between Sri Lanka and Pakistan went down the wire, with Dasun Shanaka's men securing the victory on the last ball of the match. Sri Lanka were given a target of 252 runs to...

Ex-Spain football boss in court over World Cup kiss scandal

2023-09-16 00:00:00

MADRID, Sept 15 (AFP): Five days after resigning as Spain's football chief, Luis Rubiales is due in court Friday on sexual assault charges over forcibly kissing women's World Cup player Jenni Hermoso. The 46-year-old has been summoned to Madrid's Audiencia...

PSG women sign Australian defender Clare Hunt

2023-09-16 00:00:00

PARIS, Sept 15 (AFP): Clare Hunt, a semi-finalist with Australia at this year's Women's World Cup, has signed for Paris Saint-Germain, the French club announced on Friday."Paris Saint-Germain are happy to announce the arrival of Clare Hunt for the next...

Injured Pakistan quicks Haris, Naseem still in WC contention

2023-09-16 00:00:00

COLOMBO, Sept 15 (AFP): Pakistan captain Babar Azam said Friday that injured quicks Haris Rauf and Naseem Shah remained central to his team's World Cup plans, after their absence saw the team crash out of the Asia Cup.Azam's men went...

World Cup winners Bonmati, Hermoso among FIFA Best nominees

2023-09-16 00:00:00

PARIS, Sept 15 (AFP): Women's World Cup player of the tournament Aitana Bonmati and her Spain teammate Jenni Hermoso were on Thursday nominated for the FIFA Best Player award, with six of Manchester City's treble winners named on the men's...

South Africa's Heinrich Klaasen celebrates

2023-09-16 00:00:00

South Africa's Heinrich Klaasen celebrates after scoring a century during the fourth one-day international (ODI) cricket match against Australia at Supersport Park in Centurion on Friday. He scores 174 runs from 83 balls [4s-13 6s-13]. South Africa posted a mammoth...

Skipper Shakib Al Hasan is clean bowled

2023-09-16 00:00:00

Skipper Shakib Al Hasan is clean bowled by India's Shardul Thakur during the Asia Cup 2023 Super Four one-day international (ODI) cricket match between India and Bangladesh at the R. Premadasa Stadium in Colombo on Friday — AFP

Bangladesh Olympic football team leave for China today

2023-09-16 00:00:00

Bangladesh Olympic football team leave for China early today (Saturday) to take part in the 19th Asian Games scheduled to be held from September 23 to October 8 in Hangzhou, reports BSS.The Olympic football team is the first batch who...

Chevron buys world's biggest hydrogen plant in Utah

2023-09-16 00:00:00

HOUSTON, Sept 15 (Reuters): US oil major Chevron Corp on Tuesday said it has acquired a majority stake in the world's largest proposed storage facility for hydrogen from renewable energy.US majors Chevron and Exxon Mobil are rushing to lower production...

Gold gains as dollar slips -

2023-09-16 00:00:00

Gold recovered from three-week lows on Friday aided by the dollar's retreat after better-than-expected Chinese data and a stronger euro, while traders focussed on the Federal Reserve's guidance on interest rates next week, reports Reuters.Spot gold was up 0.4 per...

Indonesia reports massive rise in rice imports to replenish stockpiles

2023-09-16 00:00:00

JAKARTA, Sept 15 (Reuters): Indonesia had a large rise in rice imports for the first eight months of the year compared to the same period in 2022, the country's statistics agency reported on Friday, as the government aims to replenish...

Global climate protests demand world leaders phase out fossil fuels

2023-09-16 00:00:00

BRUSSELS, Sept 15 (Reuters): Climate protesters were set to take to the streets in more than 50 countries from Friday to Sunday, in a weekend of demonstrations to demand that governments phase out the burning of fossil fuels heating the...

No end yet in sight to Rohingya crisis

Mohammad Amjad Hossain | 2023-09-16 00:00:00

It is regrettable to note that, as of now, there appears to be no solution to repatriation of the Rohingya people of Myanmar from Bangladesh. The Rohingya people were subjected to ruthless expulsions by the Myanmar armed forces in 2017.Bilateral...

Yet another fire: This time Krishi Market suffers the worst

Nilratan Halder | 2023-09-16 00:00:00

A devastating fire at Krishi Market, Mohammadpur has reduced 217 out of 317 shops to ashes. This is, however, official estimate of the registered shops. The unofficial count puts the total number of shops to more than 500 and of...

News in Brief-(2023-09-16)

2023-09-16 00:00:00

Zambia's president meets China's President Xi in BeijingBEIJING, Sept 15: Chinese President Xi Jinping met his Zambian counterpart Hakainde Hichilema in Beijing on Friday, state media reported, as the heavily indebted African nation works to shore up ties with its...

Tehran warns EU sanctions are ‘illegal’

2023-09-16 00:00:00

LONDON, Sept 15 (AFP): Iran has warned the European Union that its decision to maintain sanctions on the Islamic republic beyond a deadline set in a landmark nuclear deal was "illegal".Britain, France, and Germany said that "EU and UK sanctions...

Putin, Kim gift each other guns, Russian space glove

2023-09-16 00:00:00

MOSCOW, Sept 15 (Agencies): North Korean leader Kim Jong Un arrived at a Russian industrial city to visit a military aviation factory on Friday, Russian agencies reported, following his summit with President Vladimir Putin.Historic allies, Russia and North Korea are...

Flooding death toll soars to 11,300 in Libya

2023-09-16 00:00:00

DERNA, Sept 15 (al Jazeera): The death toll in Libya's coastal city of Derna has soared to 11,300 as search efforts continue following a massive flood fed by the breaching of two dams in heavy rains, the Libyan Red Crescent...

Standing by street children

2023-09-16 00:00:00

Children have basic rights to education, balance diet, health and nutrition and recreation too. But unfortunately, many of our children are deprived of these basic human rights. Thousands of children in Dhaka city live in railway stations, bus terminals, outside...

Keeping the hospitals clean and safe

Tanim Asjad | 2023-09-16 00:00:00

Many hospitals, especially the public ones, in Bangladesh have failed to follow the necessary hygienic practices, which is disappointing. It is also a harsh reality as these hospitals and health facilities lack proper sanitation and waste disposal systems. Without maintaining...

Why go-slow approach to offshore drilling?

Syed Mansur Hashim | 2023-09-16 00:00:00

It would appear that the extreme hardship the people endured and the crunch economy experienced this year due to blackouts hardly become priority issues for the policymakers to address. Over the many months past, there was a glimmer of hope...