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'Great Himalayan Trail', posing with 'Daraz' banner

2023-07-23 00:00:00

Ikramul Hasan Shakil, the first Bangladeshi mountaineer to etch his name on the 'Great Himalayan Trail', posing with 'Daraz' banner. Daraz Bangladesh, South Asia's leading e-commerce platform, sponsored his Himalayan Trail expedition

Mbappe's omission from PSG's tour fuels speculation of Madrid move

2023-07-23 00:00:00

TOKYO, July 22 (AFP): Paris Saint-Germain have left Kylian Mbappe out of their squad for a pre-season tour of Japan and South Korea, casting further doubt on the forward's future at the French champions.PSG gave no reason for the omission...

Stanway penalty gives England scrappy win over Haiti in opener

2023-07-23 00:00:00

BRISBANE, Australia, July 22 (AFP): England squeezed past Haiti 1-0 as they began their Women's World Cup title bid in unconvincing fashion on Saturday, but holders the United States and former champions Japan were far more comfortable.European champions England have...

Messi makes magical debut for Miami

2023-07-23 00:00:00

FORT LAUDERDALE, July 22 (AP): Lionel Messi made an unforgettable debut for Inter Miami.The game's greatest player - a seven-time Ballon d'Or winner - scored on a free kick from about 25 yards in the 94th minute, giving Inter Miami...

Fargana becomes first Bangladeshi centurion in women's ODIs

2023-07-23 00:00:00

Right-handed opener Fargana Hoque Pinky made history on Saturday as she became the first Bangladeshi woman to score a hundred in women's ODI, reports UNB.She achieved this milestone during the third match of the three-match ODI series against India at...

Yes Bank's net profit rises 10.3pc

2023-07-23 00:00:00

MUMBAI, July 22 (Reuters): India's Yes Bank reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for ageing bad loans and security receipts, denting the impact of higher net interest income. The private...

Amazon to invest $120m in internet satellite facility

2023-07-23 00:00:00

WASHINGTON, July 22 (AFP): Amazon said Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Centre, as part of its plans to launch a space internet service to rival SpaceX's Starlink.The company founded...

Russia's central bank hikes key interest rate

2023-07-23 00:00:00

MOSCOW, July 22 (Reuters): Russia's central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5 per cent on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight...

Asian spot LNG prices remain flat on limited demand

2023-07-23 00:00:00

LONDON, July 22 (Reuters): Asian spot liquefied natural gas (LNG) prices were flat last week, as buyers continue to focus on early winter deliveries with limited need for late summer supply, while high inventories in Europe are putting pressure on...

SHAHJALAL ISLAMI BANK HOLDS BUSINESS CONFERENCE

2023-07-23 00:00:00

Shahjalal Islami Bank Limited (SJIBL) organised the 'Half-Yearly Business Conference-2023' virtually on Saturday. Chairman of the Board of Directors Mohammed Younus was present as the chief guest while Managing Director & CEO Mosleh Uddin Ahmed presided over the inaugural ceremony....

Karmasangsthan Bank hosts 'Regional and Branch Head Conference'

FE DESK | 2023-07-23 00:00:00

Karmasangsthan Bank held its 'Regional and Branch Head Conference-2023' at the Biddut Bhaban in Dhaka on Saturday.Chairman of the board of directors of the bank and former secretary Md Sayedul Islam presided over the event while Secretary of the Financial...

Chinese cars drive a revival of Russia’s auto factories

2023-07-23 00:00:00

MOSCOW, July 22 (Reuters): The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow's mayor as showing the resilience of Russia's auto industry to Western sanctions."This is a historic event," Sergei...

Amazon, Google, Meta, Microsoft, tech firms agree to AI safeguards set by White House

2023-07-23 00:00:00

WASHINGTON, July 22 (AP): US President Joe Biden said on Friday that new commitments by Amazon, Google, Meta, Microsoft and other companies that are leading the development of artificial intelligence technology to meet a set of AI safeguards brokered by...

Managing Director Conference-2023 of BCIC held

2023-07-23 00:00:00

A two-day Managing Director Conference-2023 of Bangladesh Chemical Industries Corporation (BCIC) was held recently with a view to enhancing the productivity. Its Director (Production and Research) Md Shahin Kamal presided over the programme while BCIC Chairman (Grade-1) Md Saidur Rahman...

EXECUTIVE COMMITTEE MEETING OF STANDARD BANK

2023-07-23 00:00:00

The 143rd meeting of the Executive Committee of the Board of Directors of Standard Bank Limited was held at the bank's Head Office in Dhaka on Thursday. Chairman of the Executive Committee Gulzar Ahmed presided over the meeting. Managing Director...

All BRTA payments now hassle-free thru’ Nagad

2023-07-23 00:00:00

All fees for the services provided by the Bangladesh Road Transport Authority (BRTA) can now be paid while staying at home through Nagad, a leading mobile financial service in Bangladesh, reports BSS.A recent agreement in this connection signed between Nagad...

Dhaka Regency hosts Corporate Night

2023-07-23 00:00:00

Dhaka Regency Hotel & Resort hosted a Corporate Night on Thursday, bringing together esteemed professionals, industry leaders, and distinguished guests for an evening of 'Fun, Food & Friendship', says a press release.The programme began at 7:30pm in the newly decorated...

Australia to continue providing ‘DFQF’ market access for BD

2023-07-23 00:00:00

Australian Assistant Trade Minister Senator Tim Ayres assured on Saturday that his country would continue to provide 'Duty-Free Quota-Free' (DFQF) market access for Bangladesh in Post- LDC period, reports BSS."Graduation from LDC status would not make any changes to existing...

US banks' reserves steady, assuaging liquidity drainage fears

2023-07-23 00:00:00

NEW YORK, July 22 (Reuters): A feared liquidity drainage in the US banking system as the Treasury refills its coffers has not materialised yet, on the contrary reserves increased recently, assuaging some concerns the bond spree could lead to further...

Global shares slip, dollar soars versus yen on Bank of Japan policy expectations

2023-07-23 00:00:00

NEW YORK, July 22 (Reuters): Global share markets edged lower on Friday as most US megacap stocks slipped, while the dollar soared against the yen after Reuters reported the Bank of Japan is leaning toward keeping its dovish monetary policy...

Investors' dash to cash may have peaked, Bank of America says

2023-07-23 00:00:00

LONDON, July 22 (Reuters): Investors' rush to the safety of cash, a dominant theme in capital flow data this year, may be peaking, Bank of America global research said on Friday.There was a net $10 billion dollars of outflows from...

Bank Asia inaugurates new version of 'SMART App'

FE DESK | 2023-07-23 00:00:00

Bank Asia Limited has inaugurated a new version of 'SMART App' by adding advanced features, which will ensure more convenient, secure and state-of-the-art banking services for customers, said a statement.President & Managing Director of the bank Adil Chowdhury inaugurated the...

Revision of DS30: Why floor price demands reconsideration

MOHAMMAD MUFAZZAL | 2023-07-23 00:00:00

With floor price imposed, many fundamentally-strong large cap companies have been enduring liquidity crisis for long, which is why, experts think, the latest routine revision of DS30 is not justified. Eleven companies, including Robi Axiata, fell off the index this...

US airlines see no letup in travel demand despite economic concerns

2023-07-23 00:00:00

CHICAGO, July 22 (Reuters): A rush among travelers to make up for lost time during the pandemic is producing bumper airline earnings. And executives at US carriers don't see a letup in demand even as rising living costs stretch household...

Chinese property giant Country Garden sinks in renewed storm

2023-07-23 00:00:00

SINGAPORE, July 22 (Reuters): China's property sector crisis escalated again on Friday as a sharp fall in the shares and bonds of one of the country's biggest developers, Country Garden, capped a turbulent week for the long-troubled sector.News that the...

India's rice-export curbs put contracts for 2m tonnes at risk

2023-07-23 00:00:00

MUMBAI, July 22 (Reuters): India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million tonnes of the grain, worth $1 billion, on the world market, dealers said on Friday.India, which accounts...

Wary of 2022 crisis, Asian buyers to build strategic gas reserves

2023-07-23 00:00:00

SINGAPORE/TOKYO, July 22 (Reuters): Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year's energy crisis that sent global prices soaring to a record.The push to...

Queen's flower

2023-07-23 00:00:00

Queen's flower (jarul flower) trees are in full blossom. The photo was taken from Ashuganj upazila of Brahmanbaria district on Saturday — Focus Bangla

Bamboo-made handicraft reviving its popularity in Narsingdi

2023-07-23 00:00:00

NARSINGDI, July 22 (BSS): Bamboo and cane-made handicrafts are becoming popular again among the common people to flourish the sector and bring fortune for hundreds of the unemployed rural people of the district.Narsingdi district was rich in traditional handicrafts. A...

C'nawabganj road crash kills three

2023-07-23 00:00:00

CHAPAINAWABGANJ, July 22 (BSS): Two persons including a woman were killed and three others injured as a CNG-run auto-rickshaw and a mini truck collided head-on at Bholahat in the district on Saturday. The deceased were identified as Fatema Khatun, 43,...