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Developments may prove double-edged

JASIM UDDIN HAROON AND JUBAIR HASAN | 2023-08-13 00:00:00

The sluggish economic situation in China may help stimulate to some extent the manufacturing sector of Bangladesh that largely depends on raw materials and intermediate goods from the world's second largest economy.Most of the local industrial outputs both for exports...

Real estate business in trouble

SAIF UDDIN | 2023-08-13 00:00:00

Housing business still stays sluggish mainly for higher costs of property and lower purchasing power of people, as Bangladesh has yet to see tangible economic pickup. Sector-insiders attribute this stunted growth in real estate to an exorbitant rise in flat...

Weather (2023-08-13)

2023-08-13 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at most places over Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna and Sylhet divisions in the next 24 hours from 06:00 am today (Sunday), according to the Met...

Canal adjacent to Shahjahanpur U-loop

2023-08-13 00:00:00

The canal adjacent to Shahjahanpur U-loop in the city, which was filled with garbage, including non-biodegradable polythene bags and plastics, much to the detriment of the environment, has turned into a breeding ground of mosquitoes, at a time when the...

Bodies of twin newborns found in city garbage pile

2023-08-13 00:00:00

Police have recovered the bodies of two newborns from a garbage pile next to Dhaka University's Amar Ekushey Hall, reports bdnews24.com.The bodies were found in the pile in front of the Anwar Pasha building on Friday night, said Bachchu Mia,...

4th Intra-Department Moot Court Competition 2023

2023-08-13 00:00:00

Justice Zafar Ahmed, High Court Division, Supreme Court of Bangladesh, Mohammad Sayed Ahmed (Raza), senior lawyer and member of Bangladesh Bar Council, Dr Jamila A Chowdhury, professor of the Department of Law, University of Dhaka, Prof Dr Md Abdur Rahman,...

Dhaka's air unhealthy for sensitive groups -

2023-08-13 00:00:00

Dhaka's air quality was marked as 'unhealthy for sensitive groups' on Saturday morning, reports UNB.With an air quality index (AQI) score of 116 at 9:20 am, Dhaka ranked 10th on the list of cities worldwide with worst air quality, according...

BD reports 12 new Covid cases, one death

2023-08-13 00:00:00

Bangladesh has recorded 12 new cases of Covid-19 in a day, taking the overall tally of infections to 2,044,969, reports bdnews24.com.The death toll from the disease rose by one to 29,476 over the 24-hour period, according to the latest government...

Unhealthy lifestyle can increase HTN prevalence among youths

FE REPORT | 2023-08-13 00:00:00

Prevalence of hypertension (HTN) and heart disease increases among the youths of Bangladesh due to various reasons, including unhealthy lifestyle and dietary habits, speakers observed at a webinar.Screening for hypertension and availability of anti-hypertensive medicine must be ensured at all...

Empower youths with disabilities to foster inclusiveness: Speakers

2023-08-13 00:00:00

In a joint effort to promote inclusivity and equal opportunities for young individuals with disabilities, United Nations Development Programme (UNDP) and the Physically Challenged Development Foundation (PDF) organised a landmark event on International Youth Day, titled "Empowering Youth with Disabilities...

Abdul Monem Ltd gets two months to end work

MUNIMA SULTANA | 2023-08-13 00:00:00

Work on the widening of Elenga-Hatikumrul-Rangpur highway faces an unexpected delay allegedly for a reputed local contractor, which was earlier alerted several times by the project office.Last week, the chief engineer of Roads and Highways Department (RHD) called the firm...

Bangladesh embassy in Washington holds special prayer for Bangabandhu

2023-08-13 00:00:00

The Bangladesh Embassy in Washington DC arranged a special prayer at the Islamic Centre after Juma prayers on the occasion of the National Mourning Day and the 48th Martyrdom Anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, reports...

Next election to be held as per constitution: Momen

2023-08-13 00:00:00

SYLHET, Aug 12 (BSS): Foreign Minister Dr A K Abdul Momen today said that the next general election will be held according to the country's constitution.He made this comment while talking to the journalists after awarding certificates to the students...

10 operatives of new militant group detained, says CTTC

2023-08-13 00:00:00

MOULVIBAZAR, Aug 12 (UNB): Members of the Counter Terrorism and Transnational Crime (CTTC) unit have detained 10 suspected operatives of the newly formed militant outfit 'Imam Mahmud's Kafela' after conducting 'Operation Hillside' at a hideout in a remote hilly area...

Bangabandhu Parishad's Mourning Day discussion today

2023-08-13 00:00:00

Bangabandhu Parishad will organize a discussion at the Pani Bhaban auditorium in the city's Panthapath area at 4pm today (Sunday), marking the 48th martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the National Mourning Day, reports...

It's urgent to send Khaleda Zia abroad for treatment: Fakhrul

FE REPORT | 2023-08-13 00:00:00

Bangladesh Nationalist Party (BNP) reiterated on Saturday its demand to the government for allowing party chairperson Begum Khaleda Zia to go abroad for receiving advanced medical treatment. Secretary general of BNP Mirza Fakhrul Islam Alamgir made the call after offering...

Only for Bangladesh, US has a visa policy: Quader

2023-08-13 00:00:00

Road, Transport and Bridges Minister and Awami League General Secretary Obaidul Quader on Saturday said that Washington cannot interfere in any country of the world - only for Bangladesh, it has a visa policy, reports UNB. Quader was addressing a...

Big tech losses sink Nasdaq, S&P as US Treasury yields rise

2023-08-13 00:00:00

The S&P 500 and the Nasdaq Composite fell on Friday and posted their second straight weekly losses, as hotter-than-expected US producer prices data pushed Treasury yields higher and sank rate-sensitive megacap growth stocks, reports Reuters.The Dow Jones Industrial Average closed...

Retail investors flock to penny stocks WeWork, Amyris, Proterra

2023-08-13 00:00:00

WeWork, a prized startup just four years ago but now a micro-cap, and other penny stocks such as Amyris and Proterra are the latest focus of speculative bets from retail traders, with shares of the financially struggling firms rising in...

European shares fall as interest rate uncertainty dampens sentiment

2023-08-13 00:00:00

European shares fell on Friday as concerns that global interest rates could stay elevated for longer took centre stage, while UBS shares jumped after the Swiss lender ended a state guarantee granted for its takeover of Credit Suisse, reports Reuters.The...

ChatGPT fever spreads to US workplace

2023-08-13 00:00:00

LONDON/WASHINGTON, Aug 12 (Reuters): Many workers across the US are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use.Companies worldwide are considering...

Nikola recalls all battery-electric trucks

2023-08-13 00:00:00

NEW YORK, Aug 12 (Reuters): Nikola said on Friday it was recalling all the battery-powered electric trucks that it has delivered till date and is suspending sales after an investigation into recent fires found a coolant leak inside a battery...

Ford reaches deal to move industrial unit to Brazil

2023-08-13 00:00:00

SAO PAULO, Aug 12 (Reuters): Ford's Brazilian unit on Friday said it reached a transfer agreement with the government of Bahia state to give it ownership of a factory complex closed since 2021.The automaker said the agreement will provide it...

FTX founder Sam Bankman-Fried jailed after bail revoked

2023-08-13 00:00:00

NEW YORK, Aug 12 (AFP): A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon's bail over alleged attempts to tamper...

Amazon warns workers to come back into the office

2023-08-13 00:00:00

Amazon staff in the US received a warning email from the firm for not spending enough time in the office after their attendance was tracked, reports BBC.Some employees were told they were "not currently meeting our expectation of joining your...

IMF, WB data show anti-Russia sanctions failed

2023-08-13 00:00:00

MOSCOW, Aug 12 (TASS): Data released by the International Monetary Fund (IMF) and the World Bank (WB) confirm that the sanctions regime imposed by Western countries on Russia has failed to produce the desired results, Russian Deputy Foreign Minister Mikhail...

ACCA Toastmasters Club launched

2023-08-13 00:00:00

ACCA Bangladesh Toastmaster Club has been launched with the support from the Association of Chartered Certified Accountants (ACCA) Bangladesh. The inaugural ceremony and first meeting of the club was held at Bishwo Shahitto Kendro in Dhaka recently. The Club aims...

Mercantile Bank to invest in a digital bank

FE DESK | 2023-08-13 00:00:00

Mercantile Bank limited is going to invest Tk 125 million to be a sponsor shareholder of a proposed digital bank. The board of directors of the bank took the decision in its 427th meeting held recently, said a statement. According...

Siddiqur Rahman new DMD & COO of Standard Bank

2023-08-13 00:00:00

Md Siddiqur Rahman has recently joined the Shari`ah-based Standard Bank Limited as Deputy Managing Director & Chief Operating Officer (COO), says a press release. Prior to this, he served as deputy managing director, CRO and CAMLCO of Islami Bank Bangladesh...

Eastland Insurance holds half-yearly business conference

FE DESK | 2023-08-13 00:00:00

The half-yearly business conference-2023 of Eastland Insurance Company Limited was held on Saturday at DCCI Auditorium, Motijheel, Dhaka. Mahbubur Rahman, chairman of the company, inaugurated the conference. Abdul Haque FCA, chief executive officer, attended and presented an analytical report on...