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Turkey raises interest rate to 17.5pc

2023-07-21 00:00:00

Turkey's central bank on Thursday hiked its key interest rate by 250 basis points to 17.5 per cent, as the country's monetary policymakers embark on a long and painful mission to tackle double-digit inflation, reports CNBC."Monetary tightening will be further...

ILFSL holds 27th AGM

2023-07-21 00:00:00

The 27th annual general meeting (AGM) of the International Leasing and Financial Services Limited (ILFSL) was held virtually at its head office in Dhaka on Monday, says a press release.Md Nazrul Islam Khan, chairman of the Board of Directors of...

South Asia is least integrated region in the world: ICCB

2023-07-21 00:00:00

South Asia is one of the least integrated regions in the world in terms of trade and people-to-people contact, observed the International Chamber of Commerce Bangladesh (ICCB). According to World Bank, regional cooperation has the potential to produce significant gains...

BAJUS rolls out new jewellery guidelines

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

The Bangladesh Jewellers' Association (BAJUS) has imposed a complete prohibition on the manufacture and sale of traditional gold and silver ornaments. The association said only 18, 21, 22, and 24 carat ornaments crafted using the cadmium method will be permitted...

IEA sees rising electricity demand due to switch from fossil fuels

2023-07-21 00:00:00

The International Energy Agency (IEA) expects global demand for electricity to increase by just under 2 per cent this year, it said in its latest electricity market report on Wednesday.The reasons are the continuing economic slowdown and the effects of...

Gold hits 2-month high as dollar struggles on Fed pause views

2023-07-21 00:00:00

Gold prices advanced to their highest in about two months on Thursday, driven by US dollar's weakness and growing expectations that the Federal Reserve would conclude its aggressive rate-hiking cycle at its meeting next week, reports Reuters. Spot gold gained...

Field visit on 'Feasibility study of IoT-based agriculture'

2023-07-21 00:00:00

A field visit and a seminar on 'Feasibility study of the IoT-Based precision agriculture for sustainable crop production in Bangladesh' was held at BARI in Gazipur on Tuesday. The event was held as part of a project that investigates the...

Oil edges higher on lower US crude stocks, cautious outlook

2023-07-21 00:00:00

LONDON, July 20 (Reuters): Oil prices crept higher on Thursday as a lower-than-expected drop in US crude inventories and a weaker demand outlook kept investors cautious.September Brent futures climbed 24 cents, or 0.3 per cent, to $79.70 a barrel by...

News in Brief(2023-07-21)

2023-07-21 00:00:00

Judge nixes Trump's bid to move hush-money criminal caseNEW YORK, July 20: A federal judge on Wednesday rejected Donald Trump's bid to move his hush-money criminal case from New York state court to federal court, ruling that the former president...

Five dead after violent storm hits Balkans

2023-07-21 00:00:00

ZAGREB, July 20 (AFP): At least five people were killed after violent thunderstorms swept across Bosnia, Croatia and Slovenia following days of scorching temperatures in the Balkans.The storm's strong winds brought down power lines and flooded streets with at least...

Reservists threaten not to serve if govt overhauls judiciary

2023-07-21 00:00:00

JERUSALEM, July 20 (AP): Cracks are emerging in Israel's military. The Middle East's best equipped and most powerful force is under one of the worst assaults it has encountered - a battle within its own ranks.A contentious government plan to...

Imran Khan to face charges of exposing official secrets

2023-07-21 00:00:00

LAHORE, July 20 (Reuters): Pakistan will open criminal proceedings against former prime minister Imran Khan on charges of exposing official secrets, Interior Minister Rana Sanaullah said on Wednesday, the latest in a string of cases the former premier has been...

Thai govt calls for calm after reformist's PM bid fails

2023-07-21 00:00:00

BANGKOK, July 20 (AFP): Thai caretaker prime minister Prayut Chan-o-cha called for calm Thursday after a popular progressive candidate's bid to succeed him was thwarted by military and pro-royalist lawmakers.Pita Limjaroenrat's party won the most seats in May elections, but...

Xi holds talks with Kissinger

2023-07-21 00:00:00

BEIJING, July 20 (BBC): Chinese president Xi Jinping has given a warm welcome to former top diplomat Henry Kissinger, as the US pursues closer ties with China. Mr Kissinger's surprise trip to the Chinese capital comes amid a flurry of...

England reach 61-1 in reply to Australia's 317 at lunch

2023-07-21 00:00:00

MANCHESTER, United Kingdom, July 20 (AFP): Mitchell Starc struck an early blow before England's Zak Crawley and Moeen Ali denied Australia another breakthrough on the second day of the fourth Test at Old Trafford on Thursday.England were 61-1 in reply...

Three India vs Pakistan matches in 15 days likely

2023-07-21 00:00:00

The fixtures of the Asia Cup was announced on Wednesday with the much anticipated India vs Pakistan encounter scheduled for September 02 at Kandy in Sri Lanka. The arch rivals, who've slotted in Group A alongside Nepal may possibly face...

Pakistan end 365-day winless streak

2023-07-21 00:00:00

GALLE, Sri Lanka, July 20 (Agencies): Opening batsman Imam-ul-Haq hit an unbeaten 50 to steer Pakistan home in the first Test against Sri Lanka on Thursday, passing their tricky target of 131 with four wickets to spare.It also gives them...

Next chapter of Messi's career begins today

2023-07-21 00:00:00

FORT LAUDERDALE, Fla., July 20 (AP): The seats at DRV PNK Stadium filled up quickly with fans eager to get a glimpse at Inter Miami's new superstar.Lionel Messi - arguably the greatest soccer player ever - stood on a runway...

New Zealand upset Norway in opener

2023-07-21 00:00:00

AUCKLAND, July 20 (Reuters): Hannah Wilkinson's second-half goal gave New Zealand a shock 1-0 win over former champions Norway at Eden Park on Thursday as the co-hosts kicked off the Women's World Cup in style by claiming their first ever...

11 fugitive criminals held in Panchagarh

2023-07-21 00:00:00

PANCHAGARH July 20 (BSS): Police in a drive arrested eleven fugitive criminals on different charge from different area in Debiganj upazila of Panchagarh district on Wednesday night.The arrestees are Asgor Ali, Amit Kumar Roy, Ikbal Hossein, Hasan Ali of Peralbari...

Eight to die in Cox's Bazar for killing BD expatriate

2023-07-21 00:00:00

COX'S BAZAR, July 20 (UNB): A Cox's Bazar court has sentenced eight people to death in a case over the killing of a Bangladeshi expatriate in Saudi Arabia in Sadar upazila of the district around 23 years back.Cox's Bazar Additional...

Three arrested over rape of woman in Kushtia

2023-07-21 00:00:00

KUSHTIA, July 20 (UNB): Three persons have been arrested in a case filed over the rape of a 29-yr-old woman in Kumarkhali upazila of Kushtia district.The arrestees are Md Quddus. Robin (21), Masfikur (19) and Russell (20). All are the...

Barishal varsity student found dead in her room

2023-07-21 00:00:00

BARISHAL, July 20 (UNB): A first year student of Barishal University (BU) was found dead in her room at a mess on Wednesday night. The dead is Ribna Shahrin, first year student of Botany Department and resident of Molla Chhatri...

Drug trader killed in police firing while snatching accused

2023-07-21 00:00:00

BRAHMANBARIA, July 20 (UNB): A drug trader was killed in police firing when his relatives were snatching his son from , also an accused in a narcotics case, from the custody of the law enforcers at Adampur village in Bijoynagar...

Rajshahi sees Tk 75b mango production this year

2023-07-21 00:00:00

RAJSHAHI, July 20 (BSS): Around 1.15 million tonnes of mangoes worth Tk 75 billion were produced from around 93,000 hectares of land in the northern region consisting of Rajshahi, Chapainawabganj, Naogaon and Natore districts this year.In the last stage of...

Swadhin Bangla Betar and the Liberation War

Shihab Sarkar | 2023-07-21 00:00:00

Fifty-two years after the 9-month broadcast of the Radio Free Bangladesh, a critical phase in the Bengalees' all-out armed struggle in 1971, the memories still remain strong with the nation. It was a heroic chapter, which couldn't be erased from...

Eradication of child labour

2023-07-21 00:00:00

Child labour is a nagging problem in our society. It is so deeply rooted that it cannot be eradicated overnight. A lot has been said and written on the plight of the children working on streets and in garages and...

Nationalisation of all secondary schools

2023-07-21 00:00:00

Bangladesh has more than 20,000 secondary schools, 684 of which are run by the government. The number of teachers in both public and private secondary schools is close to 300,000. However, the teachers and employees of non-government schools face discriminatory...

The cost of indifference and patronage

Zahid Huq | 2023-07-21 00:00:00

The actual size of non-performing loans (NPL) in the country's banking system has always been a mystery. The phrase in Hindi, 'jo dekhta hai woh hota nehi aur jo hota hai woh dhekta nehi hai' (whatever appears to the eyes...

Looming threat of famine and perils beyond

Nilratan Halder | 2023-07-21 00:00:00

The spectre of a famine in large swathes of the planet is all set to unfold. With Russia turning its back to the Black Sea Grain Initiative (BSGI), the ominous prospect now looks all the more real. The grain deal...