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High-powered money up 175pc in FY'23

JUBAIR HASAN | 2023-07-21 00:00:00

Injection of newly printed 'high-powered money' by Bangladesh Bank into the market swelled over 175 per cent in the past financial year, BB sources said, stoking inflation further.Officials at the BB said the central bank had funneled a record volume...

Wheat prices rise sharply on global mkts as Russia targets Ukraine grain facilities

2023-07-21 00:00:00

Wheat prices have risen sharply on global markets after Russia said it would treat ships heading for Ukrainian ports as potential military targets, report Reuters and BBC.Moscow pulled out of a UN deal on Monday that ensured safe passage for...

Mishap leaves seven dead in Sylhet

2023-07-21 00:00:00

SYLHET, Jul 20 (UNB): Seven people died in a collision between a CNG-run auto-rickshaw and a microbus at Salutikar on Sylhet-Companigonj road on Thursday.The deceased included six passengers of CNG auto-rickshaw and the driver of the microbus.Deputy Director of Sylhet...

Most investment services miss BIDA's single OSS window

SYFUL ISLAM | 2023-07-21 00:00:00

Promised turning of one-stop service (OSS) window of Bangladesh Investment Development Authority (BIDA) into a single gateway to investors has slowed with majority services still missing out, officials said.Until last year, the investment-promotion agency had signed memorandum of understanding (MoU)...

Court jails former Sonali Bank MD, seven others

FE REPORT | 2023-07-21 00:00:00

A Dhaka court on Thursday sentenced eight persons, including former Managing Director of the state-owned Sonali Bank Humayun Kabir, in a case filed over embezzling Tk 21.64 million. Judge of the Special Court-5 in Dhaka Md Iqbal Hossain delivered the...

ADP execution fails to shake off COVID-time inertia

FHM HUMAYAN KABIR | 2023-07-21 00:00:00

Development-budget execution in in the country decelerates as its rate in the past fiscal was 9.0-percentage- point lower than previous financial year's, officials said Thursday, despite a last-minute spending spree.Implementation Monitoring and Evaluation Division (IMED) data show that all the...

Weather (2023-07-21)

2023-07-21 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Friday), according to the Met Office.Day and night temperature...

BD sees one more Covid death

2023-07-21 00:00:00

Bangladesh reported one more Covid-19-linked death and 109 fresh cases in 24 hours until Thursday morning, reports UNB.With the new numbers, the country's total fatalities rose to 29,466 and caseload to 2,043,881, according to the Directorate General of Health Services...

BSMMU postgraduate doctors to resume services

2023-07-21 00:00:00

Physicians under the postgraduate residency programmes at Bangabandhu Sheikh Mujib Medical University (BSMMU) have reversed their earlier stance on a "frustrating" increase in monthly allowances and decided to resume services, reports bdnews24.com.The physicians will return to work on Saturday, Dr...

Father killed, daughter hurt in road crash

FE REPORT | 2023-07-21 00:00:00

A father was killed in a road accident in front of his child in the capital's Jatrabari area on Thursday.The deceased was identified as Abdul Hannan (45).The fatal incident also left his daughter Mosammat Mim Akter (12) injured.The victim was...

Bangladeshi national killed in 'BSF firing'

2023-07-21 00:00:00

SYLHET, July 20 (UNB): A 22-year-old man was shot dead allegedly by the members of the Indian Border Security Force (BSF) at Telanji in Jaintiapur upazila of Sylhet district on Thursday.The deceased was identified as Rubel Hossain, son of Ismail...

"Education as a tool for empowerment"

2023-07-21 00:00:00

Musharraf Tansen, Bangladesh Country Representative of Malala Fund, presenting the keynote paper at a seminar on "Education as a tool for empowerment" on the University of Liberal Arts Bangladesh campus in the city recently.

President for more addl activities to develop students' potentialities

2023-07-21 00:00:00

President Mohammed Shahabuddin on Thursday asked the universities to increase the extra-curricular activities to develop the inner potentialities of the students, reports UNB.The president gave the directive when Pabna University of Science and Technology (PUST) Vice-Chancellor Professor Dr Hafiza Khatun...

It's not a mistake but a crime, HC tells Cox's Bazar judge

FE REPORT | 2023-07-21 00:00:00

The High Court on Thursday observed that by tampering with his own order Cox's Bazar District and Sessions Judge Mohammad Ismail did not make simply a mistake, rather he committed a crime deliberately. The High Court bench of Justice Md...

Crowd of dengue patients

2023-07-21 00:00:00

Crowd of dengue patients has overflowed into Mugda Medical College Hospital in the city with a sharp rise in the incidence of the mosquito-borne disease over the last few weeks. The picture was snapped on Thursday — FE Photo

UAE keen to invest in renewable energy

2023-07-21 00:00:00

The United Arab Emirates is interested in making investments in the energy sector of Bangladesh, particularly renewable energy, said a visiting minister of the oil-rich Gulf country on Thursday, reports UNB.UAE Minister of Industry and Advanced Technology Dr Sultan Ahmed...

Foreign missions' statement a clear violation of Vienna Convention: Hasan

2023-07-21 00:00:00

The statement made by foreign missions in Dhaka over the attack on a candidate of Dhaka-17 by-election is clear violation of the Vienna Convention, said Information and Broadcasting Minister Dr Hasan Mahmud on Thursday, reports UNB.He said this while replying...

Hero Alam won't join any polls under AL govt

2023-07-21 00:00:00

Independent candidate Ashraful Alam, better known as Hero Alam, who contested the Dhaka-17 by-elections held on July 17, said that he would not join any more election under the ruling Awami League (AL) in future, reports UNB. "I became a...

BNP rally in city protesting killing

FE REPORT | 2023-07-21 00:00:00

BNP vice-chairman Barkatullah Bulu on Thursday warned that no general election would be held under the incumbent government."All political parties are united now. We're in a movement to restore democracy by ousting the government and holding a free, fair and...

Fair polls not possible without neutral govt, BNP tells UK envoy

2023-07-21 00:00:00

BNP on Thursday told British High Commissioner in Bangladesh Sarah Cooke that a fair election is not possible here without a neutral government as the current regime has been moving ahead with its scheme of rigging votes, reports UNB."Though the...

Foreigners say nothing about caretaker govt, claims Quader

2023-07-21 00:00:00

Awami League General Secretary and Road, Transport and Bridges Minister Obaidul Quader on Thursday said BNP's condition for participating in the next general election is unconstitutional, reports UNB."Foreigners have said nothing about the caretaker government or the party's one-point agenda,"...

Turkiye, UAE sign $50b worth of deals to boost strategic ties

2023-07-21 00:00:00

RIYADH, July 20 (Arab News): Turkiye and the UAE have signed agreements worth $50 billion in what is a major boost for investments across strategic sectors between the two countries. During Turkish President Recep Tayyip Erdogan's visit to the UAE,...

Infosys slashes yearly growth outlook

2023-07-21 00:00:00

MUMBAI, July 20 (AFP): Indian information technology giant Infosys sharply cut its revenue growth outlook on Thursday as it reported softer-than-expected profits during the April-June quarter on the back of global economic headwinds.Infosys, India's second-largest software firm, slashed its revenue...

China foreign trade surges 2.1pc, reaching record $2.81tn

2023-07-21 00:00:00

RIYADH, July 20 (Arab News): China's total goods imports and exports surged 2.1 per cent year on year in the first half of 2023 to reach 20.1 trillion Chinese yuan ($2.81 trillion), up from 19.8 trillion yuan in the same...

US regulators unveil antitrust roadmap with Big Tech in crosshairs

2023-07-21 00:00:00

WASHINGTON, July 20 (Reuters): US antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepticism with which President Joe Biden's administration has approached many deals, especially in the technology sector.The US...

European shares extend gains as traders digest mixed earnings

2023-07-21 00:00:00

European shares advanced on Thursday as investors assessed mixed earnings from companies in the region, although semiconductor stocks saw a heavy selloff after Taiwanese chipmaker TSMC delivered a downbeat sales forecast, reports Reuters.The pan-European STOXX 600 index was up 0.3...

Shares in Pfizer rivals Hikma, Fresenius rally after tornado hits factory

2023-07-21 00:00:00

LONDON, July 20 (Reuters): Shares in UK pharmaceutical company Hikma rose by the most in 10 months on Thursday, hitting an 18-month high, following news of tornado damage to a US facility owned by competitor Pfizer, which boosted other drugmakers'...

World stocks shuffle sideways, China drips in more support

2023-07-21 00:00:00

LONDON, July 20 (Reuters): World share markets shuffled sideways on Thursday as investors looked ahead to a clutch of key central bank meetings next week and disappointing earnings from Netflix and Tesla pushed Wall Street futures lower.There had been pockets...

Fed's top regulatory official faces uphill battle to overhaul bank capital

2023-07-21 00:00:00

WASHINGTON, July 20 (Reuters): A plan by the top US banking cop to make the sector more resilient may have gotten a boost from the recent banking crisis, but still faces numerous challenges.Fed Vice Chair for Supervision Michael Barr has...

Reliance leads gains in Indian shares; Nifty 50 inches towards 20,000

2023-07-21 00:00:00

BENGALURU, July 20 (Reuters): Indian shares advanced on Thursday as an uptick in Reliance Industries and broad sectoral gains overpowered a slide in information technology (IT) stocks.The Nifty 50 index closed 0.74 per cent higher at 19,979.15, while the S&P...