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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...

MIDAS arranged five-day training course on 'Women Entrepreneurship Development Training'

2023-07-21 00:00:00

MIDAS arranged a five-day training course on 'Women Entrepreneurship Development Training' in the capital from July 12 to 18. Twenty women entrepreneurs participated in the training course. Chairman of MIDAS Zahida Ispahani handed over the certificate to the participants. Dr...

Initiated and supervised by BFIU, Prime Bank held day-long training

2023-07-21 00:00:00

Initiated and supervised by the Bangladesh Financial Intelligence Unit (BFIU), Prime Bank Limited held a day-long training on "Prevention of Money Laundering and Combating the Financing of Terrorism" for commercial banks in Sherpur district recently. The training programme was inaugurated...

RFL rolls out 'Safemate' helmet

2023-07-21 00:00:00

RFL, the country's leading business conglomerate, has introduced a line of motorcycle helmets to the market with the aim of delivering high-quality product within the purchasing power of people. RN Paul, Managing Director of RFL Group, unveiled the cover of...

UNDP, SME Foundation join hands to foster entrepreneurship

2023-07-21 00:00:00

The United Nations Development Programme (UNDP) and the Small and Medium Enterprise (SME) Foundation have signed a Memorandum of Understanding (MoU) to jointly promote entrepreneurship development, green production, and employment generation in Bangladesh, reports UNB.Van Nguyen, Resident Representative, UNDP Bangladesh,...

LafargeHolcim’s profit rises 39pc on higher sales, retail prices

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

LafargeHolcim Bangladesh gained a 39 per cent year-on-year growth in profit to Tk 1.71 billion in the three months to June, thanks to increased sales of aggregates and cement price hike.The multinational cement maker's earnings jumped as sales revenue rose...

EBL wins int'l finance banking award

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

Eastern Bank Limited (EBL) won the International Finance Banking Awards 2023 under the category of 'Most Innovative Retail Bank in Bangladesh'. The accolade was conferred upon EBL by renowned London-based International Finance Magazine - known for its comprehensive coverage of...

Robi among 11 cos to have lost blue-chip status for illiquidity

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

As many as 11 companies, including the second largest telecom operator Robi Axiata, have been dropped from the DS30 index after they endured a steep, persistent fall in transaction volumes for months. Daily average turnover volumes worth less than Tk...

China lending rates unchanged

2023-07-21 00:00:00

China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery called for more stimulus, reports Reuters.China's economy grew at a...

Volvo Cars forecasts solid sales

Volvo Cars forecasts solid sales | 2023-07-21 00:00:00

STOCKHOLM, July 20 (AFP): Volvo Cars posted a drop in profits in the second quarter on Thursday, but the Swedish automaker forecast double-digit sales for the year despite high inflation and rising interest rates.Volvo Cars, which is majority owned by...

US home sales slowest on tight inventory

2023-07-21 00:00:00

WASHINGTON, July 20 (AFP): US sales of existing homes have fallen to the slowest rate since January, said industry data released Thursday, with the median sales price hitting the second-highest on record while inventory remains tight.The housing market has taken...

Top global LNG players push for more, but greener, gas investments

2023-07-21 00:00:00

TOKYO, July 20 (Reuters): Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said on Wednesday, citing the role they say the fuel has to play in both global energy...

TRUST BANK HOLDS 24TH AGM

2023-07-21 00:00:00

The 24th Annual General Meeting (AGM) of Trust Bank Limited was held virtually on Thursday. Maj Gen Md Nazrul Islam, Vice Chairman of the bank, presided over the meeting. Humaira Azam, MD & CEO of the bank, was also present....