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Germany blocks full Chinese takeover of satellite startup

2023-09-15 00:00:00

FRANKFURT, Sept 14 (AFP): Germany has blocked a complete Chinese takeover of a satellite startup on national security grounds, sources close to the matter told AFP Thursday, as Berlin takes an increasingly hard line against Beijing.Concerned at the heavy reliance...

Riyadh real estate expo sees over $29b deals signed

2023-09-15 00:00:00

RIYADH, Sept 14 (Arab News): The Cityscape Global Exhibition, held at the Riyadh International Exhibition and Convention Centre this week, saw deals signed worth over SR110 billion ($29 billion), the Saudi Press Agency reported on Thursday.Organized by Tahaluf, a company...

Financial firms unwilling to support new deforestation law, says EU

2023-09-15 00:00:00

LONDON, Sept 14 (Reuters): The European Commission said on Wednesday that financial institutions are not backing the EU's new deforestation law, which has faced a backlash from producing countries concerned it will create unfair trade barriers.The landmark law requires importers...

Green groups slam World Bank for backing Indonesian coal plants

2023-09-15 00:00:00

SINGAPORE/JAKARTA, Sept 14 (Reuters): Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.The World Bank's private sector subsidiary, the...

Western cos shift investment from China to developing markets as worries mount

2023-09-15 00:00:00

BEIJING, Sept 14 (Reuters): US and European firms are shifting investment away from China to other developing markets, a report from Rhodium Group showed, with India receiving the vast majority of this redirected foreign capital, followed by Mexico, Vietnam and...

TCB smart cards to be distributed by January: Minister

2023-09-15 00:00:00

Commerce Minister Tipu Munshi on Thursday said that 10 million family cards of The Trading Corporation of Bangladesh (TCB) will be converted into smart cards and distributed by January/February next year, reports UNB.The minister also expressed the hope that the...

BRAC Bank workshop for women entrepreneurs

2023-09-15 00:00:00

BRAC Bank in collaboration with the SME Foundation has recently organised a workshop to foster product innovation and enhance the market potential of traditional handloom products crafted by the vibrant women entrepreneurs of the Chattogram Hill Tracts. Guided by the...

Community Bank Receives INFOSYS-Finacle Awards

2023-09-15 00:00:00

Community Bank Bangladesh has won INFOSYS-Finacle Innovation Award 2023 in three categories -- two Platinum awards in 'ESG-Led Innovation' and 'Process Innovation' categories and a gold award in 'Product Innovation' category. Aditya Singaraju, Country Director, Infosys-Finacle Bangladesh, and Reghunathan Sukumara...

Shahjalal Islami Bank extends financial support

2023-09-15 00:00:00

As part of its Corporate Social Responsibility (CSR) programme, Shahjalal Islami Bank Limited provided financial assistance for the kidney transplant of Youth Games Gold Medalist Abdus Sobhan at the Bank's Corporate Head Office on Thursday. Joint Secretary of Bangladesh Shooting...

Togo offers scope of investment for BD textile

FE REPORT | 2023-09-15 00:00:00

Togo is offering lucrative investment scope for the Bangladeshi textile industry, said a senior minister of the West African nation in Dhaka on Thursday."Our private textile sector is dynamic and open to collaboration to strengthen partnership and stimulate economic exchanges...

HRW exposes weaknesses in RMG social audits

FE REPORT | 2023-09-15 00:00:00

The social audits and certifications that brands and retailers use are 'totally' inadequate to monitor and respond to threats to workers trying to organise independent unions in Bangladesh, Human Rights Watch (HRW) alleged. Most audit reports either barely addressed the...

Diversify exports, ensure policy to attract FDI

FE REPORT | 2023-09-15 00:00:00

Bangladesh needs to diversify its export basket and ensure an investment-friendly policy to attract foreign direct investment (FDI) and address the future challenges that might emerge with the country's 'miraculous' development successes, a top British economist has said.The UK Foreign,...

Gazprom delivers its first LNG cargo to China via Arctic

2023-09-15 00:00:00

MOSCOW, Sept 14 (Reuters): Russian energy giant Gazprom delivered its first cargo of liquefied natural gas (LNG) via the Arctic Northern Sea Route to China on Thursday, according to LSEG data, a month after it started the delivery.Russia has long...

SMBC agrees $3.7b deal for 25 Boeing 737 MAX jets

2023-09-15 00:00:00

DUBLIN, Sept 14 (Reuters): Global leasing giant SMBC Aviation Capital said on Tuesday it had concluded an order for 25 Boeing 737 MAX aircraft in a deal worth more than $3.7 billion at current list prices that would support its...

Oil prices hit 2023 highs on tight supply outlook

2023-09-15 00:00:00

LONDON, Sept 14 (Reuters): Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and...

Man stabs wife, father-in-law to death in Laxmipur

2023-09-15 00:00:00

LAXMIPUR, Sept 14 (UNB): A man has allegedly stabbed his wife and father-in-law to death at Charkalakopa village in Ramgati upazila of Laxmipur district on Wednesday night.The dead is Rasheda Begum, wife of Md Sumon, and Badsha Mia, Rasheda's father.Quoting...

Khulna farmers eye bumper sugarcane yield

2023-09-15 00:00:00

KHULNA, Sept 14 (BSS): Cultivators of Khulna division are witnessing bumper production of sugarcane this year due to favourable weather and availability of agri-inputs.Department of Agriculture Extension (DAE) sources said a total of 1,028 hectares of land have been brought...

Malta cultivation brings smile to Panchagarh growers

2023-09-15 00:00:00

PANCHAGARH, Sept 14 (BSS): Cultivation of malta on a commercial basis has gained popularity among the farmers in Panchagarh district in recent years.The cultivators are happy as they are getting fair prices and bumper production of the juicy fruit.Torikul Islam,...

Low prices worry jute growers in northern districts

OUR CORRESPONDENT | 2023-09-15 00:00:00

RAJSHAHI, Sept 14: Jute growers in the northern districts are now in utter despair as the price of the cash crop dropped this season, compared to the last year, despite a sharp increase in the production cost.The farmers complained that...

Women to referee at men's Asian Cup for first time

2023-09-15 00:00:00

KUALA LUMPUR, Malaysia, Sept 14 (AP): Referee Yoshimi Yamashita will return to Qatar to make more soccer history at the men's Asian Cup in January after she worked in the country last year at the men's World Cup.Yamashita is among...

Officers' Club badminton tournament begins Sept 21

2023-09-15 00:00:00

The Inter-Club Badminton Tournament 2023, organised by Officers' Club Dhaka, will be held between September 21 and September 27 on the club premises.The tournament will be conducted by competent umpires as per international rules.The interested shuttlers from different ages (senior...

CA makes neck guards mandatory for batters

2023-09-15 00:00:00

SYDNEY, Sept 14 (AFP): Australian batters will have to wear neck protectors on their helmets when facing fast or medium-pace bowlers for the 2023/24 season, Cricket Australia announced on Thursday.The governing body has recommended neck guards be used since Australian...

Ben Stokes says he always planned to play at World Cup

2023-09-15 00:00:00

LONDON, 14 (Agencies): England all-rounder Ben Stokes said he knew during the Ashes series that he was going to reverse his decision to retire from one-day cricket in time for next month's World Cup, and that he had ruled out...

News in Brief-(2023-09-15)

2023-09-15 00:00:00

Russian air defence system destroyedin Crimea, claims UkraineKYIV, Sept 14: Ukraine says it has destroyed a sophisticated Russian air defence system in occupied Crimea. Kyiv's security service (SBU) and navy carried out the attack on a Russian facility near Yevpatoriya...

Kabul welcomes first envoy since takeover

2023-09-15 00:00:00

KABUL, Sept 14 (BBC): China has become the first country to name a new ambassador to Afghanistan since the Taliban retook power in 2021. The Taliban said Zhao Xing's appointment is a sign for other nations to establish ties with...

Rain-soaked New England hit by tornado

2023-09-15 00:00:00

LEOMINSTER, Sept 14 (AP): Hurricane Lee barreled north toward New England on Wednesday and threatened to unleash violent storms on the region just as communities in Massachusetts and Rhode Island were dealing with tornado warnings and another day of heavy...

Feds to spend $1b for tree plantings in US cities

2023-09-15 00:00:00

DES MOINES, Sept 14 (AP): Hundreds of communities around the country will share more than $1 billion in federal money to help them plant and maintain trees under a federal program that is intended to reduce extreme heat, benefit health...

Libyan city buries thousands in mass graves after flood

2023-09-15 00:00:00

DERNA, Sept 14 (AP): The city of Derna has buried thousands of people in mass graves, Libyan officials said Thursday, as search teams scoured ruins left by devastating floods and the city's mayor said that the death toll could triple...

World needs compromise, says UN chief

2023-09-15 00:00:00

UNITED NATIONS, Sept 14 (Xinhua): It is in the interest of everybody to have a global compromise, UN Secretary-General Antonio Guterres said on Wednesday.Guterres made the remarks at a press conference held ahead of the 78th session of the UN...

Israeli minister now governs West Bank

2023-09-15 00:00:00

WEST BANK, Sept 14 (AP): With attention focused on its contentious judicial overhaul, Prime Minister Benjamin Netanyahu's government has quietly taken unprecedented steps toward cementing Israel's control over the occupied West Bank - perhaps permanently.Finance Minister Bezalel Smotrich, a leader...