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US set to unveil crackdown on real estate money laundering

2023-08-12 00:00:00

NEW YORK, Aug 11 (Reuters): The US Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.The long-awaited...

NRBs urged to invest in BD

2023-08-12 00:00:00

Planning Minister MA Mannan on Thursday urged Non-Resident Bangladeshi investors to invest in a large scale as Bangladesh government has created a congenial and investment-friendly environment, reports UNB. "Investment of non- resident Bangladeshis is limited to small areas like restaurants...

'Brain-like' chip makes AI greener, says tech giant

2023-08-12 00:00:00

A prototype "brain-like" chip could make artificial intelligence (AI) more energy efficient, its developer, technology giant IBM, has said, reports BBC.Concerns have been raised about emissions associated with warehouses full of computers powering AI systems.IBM said its prototype could lead...

BCCCI, JAMUNA BANK TEAM UP FOR CO-BRANDED CREDIT CARD

2023-08-12 00:00:00

Bangladesh China Chamber of Commerce & Industry (BCCCI) and Jamuna Bank Limited signed an MoU for VISA Signature Credit Card at the bank's head office in Dhaka recently. BCCCI Secretary General Al Mamun Mridha and Deputy Managing Director of Jamuna...

Ctg-Cox's Bazar-Gumdhum rail line likely to open in Oct

OUR CORRESPONDENT | 2023-08-12 00:00:00

Chattogram, Aug 11: The trial run of train on Chattogram-Dohazari-Cox's Bazar-Gumdhum (CDCG) rail line is expected to begin in September next and if everything goes normal, Prime Minister Sheikh Hasina will inaugurate the project in October this year. Project Director...

Cathay to buy 32 new Airbus aircraft

2023-08-12 00:00:00

Hong Kong's Cathay Pacific Airways on Thursday said it intends to purchase up to 32 Airbus A321neo and A320neo aircraft to invest and upgrade its fleet, bringing the carrier's new aircraft deliveries to up to more than 70, reports Reuters."These...

Oil prices could rise further this year, but 2024 demand to slow sharply: IEA

2023-08-12 00:00:00

LONDON, Aug 11 (Reuters): OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday.Tighter supply...

Jindal Steel posts drop in Q1 profit on higher expenses, fall in prices

2023-08-12 00:00:00

BENGALURU, Aug 11 (Reuters): India's Jindal Steel and Power reported a 15 per cent drop in first-quarter profit on Friday, hurt by the rise in expenses and fall in steel prices.The New Delhi-based company's consolidated profit after tax fell to...

India rice export ban puts market on edge for copycat curbs

2023-08-12 00:00:00

MUMBAI, Aug 11 (Reuters): India's rice export ban has the world market bracing for similar actions by rival suppliers to avoid potential domestic shortages as sellers try to fill the 10 million metric ton gap left by New Delhi, stoking...

News in Brief(2023-08-12)

2023-08-12 00:00:00

China rains death toll rises to 78 as new storm approachesBEIJING, Aug 11: The death toll from record-breaking rains across northern China rose to at least 78 on Friday, as authorities warned of more flooding and another storm approached the...

Israeli forces kill Palestinian in West Bank ---

2023-08-12 00:00:00

TULKARM, Aug 11 (AFP): Israeli forces killed a Palestinian man during a raid in the occupied West Bank, his family said Friday as mourners gathered for the funeral.Mahmoud Jihad Jarad, 23, was shot dead by troops during an overnight raid...

US suicide deaths reached record high in 2022, CDC data shows

2023-08-12 00:00:00

The number of people who died by suicide in the US hit an estimated record 49,000 in 2022, a 2.6 per cent increase over the prior year, government data showed on Thursday, reports BBC.Over half of all US suicides in...

West African nations mull troops for Niger intervention

2023-08-12 00:00:00

West African nations on Friday worked on gathering troops for a possible military intervention in Niger as the leaders of an army coup resisted international calls for them to step down and restore the ousted president to office, report Reuters.However,...

IS attack on Syria army bus kills 23 soldiers

2023-08-12 00:00:00

BEIRUT, Aug 11 (AFP): At least 23 soldiers have been killed in war-torn Syria's east, a monitor said on Friday, the deadliest in a new wave of attacks blamed on Islamic State group jihadists.Despite losing their last piece of territory...

Global Covid cases up 80pc as new subvariant rises

2023-08-12 00:00:00

PARIS, Aug 11 (AFP): The number of new Covid-19 cases reported worldwide rose by 80 per cent in the last month, the World Health Organization said on Friday, days after designating a new "variant of interest".The WHO declared in May...

Indian govt proposes overhauling colonial-era criminal laws

2023-08-12 00:00:00

NEW DELHI, Aug 11 (Reuters/BBC): India's government moved three bills in the lower house of parliament on Friday aimed at overhauling some colonial-era criminal laws, ranging from the controversial sedition law to strengthening laws that protect women and minors.On the...

Russian military blames Ukraine for foiled drone attack on Moscow

2023-08-12 00:00:00

MOSCOW, Aug 11 (AFP): Russia said Friday it had destroyed a Ukrainian drone over the western outskirts of Moscow, the latest in a growing number of aerial attacks on the capital."An attempt by the Kyiv regime to carry out a...

Overcoming challenges and pursuing growth

Dilawar Singh | 2023-08-12 00:00:00

Bangladesh's inspiring growth and development journey has been supported by the World Bank, as the nation aspires to achieve upper middle-income status by 2031. Since 1972, the World Bank has committed over $35 billion to support Bangladesh's development efforts, making...

Respecting the Geographical Indication

Nilratan Halder | 2023-08-12 00:00:00

With the recognition of 'kanchagolla' as a GI (Geographical Indication) product, Bangladesh has got its 17th such agricultural produce and traditional products of local origin. If 'rasogolla' heads the list of sweetmeats, kanchagolla does not lie far behind in appeal...

Tottenham's Kane agrees to move to Bayern after clubs' deal: Report

2023-08-12 00:00:00

Tottenham Hotspur striker Harry Kane has agreed to move to German champions Bayern Munich after the two clubs reached a preliminary deal for his transfer, Germany's Bild newspaper said on Friday, reports Reuters.Should it be completed, Kane's move would be...

Swiatek holds off Muchova to reach quarters at rainy Montreal

2023-08-12 00:00:00

MONTREAL, Aug 11 (AFP): Iga Swiatek, unfazed by two lengthy rain delays, held off Karolina Muchova 6-1, 4-6, 6-4 to reach the quarter-finals of the WTA Montreal Open on Thursday.Swiatek's victory, in a rematch of the French Open final she...

All former champions out as Sweden face Spain in Women's World Cup semifinal

2023-08-12 00:00:00

AUCKLAND, Aug 11 (AFP): A new name will be engraved on the Women's World Cup after Sweden clung on to defeat the 2011 champions Japan 2-1 on Friday, with Spain awaiting the semi-final.Spain needed extra time earlier to defeat the...

Standard Chartered, Liverpool's Ian Rush announce corporate football tournament, SC Cup

2023-08-12 00:00:00

Standard Chartered Bangladesh launched SC Cup in the presence of Liverpool Football Club's (LFC) all-time top scorer, Ian Rush. The bank's SC Cup - a unique five-a-side football tournament - will invite teams from Bangladesh's top corporates to take part...

Ronaldo ahead of Instagram influencers in annual ranking

2023-08-12 00:00:00

Cristiano Ronaldo has yet again left the competition behind as the five-time Ballon D'Or winner was named Instagram's top earner for the third year in a row, reports Reuters.Ronaldo, who in July was ranked as the world's highest-paid athlete by...

Shakib returns as Tigers' ODI captain for Asia Cup, World Cup

2023-08-12 00:00:00

Bangladesh again named Shakib Al Hasan as captain of their one-day international side on Thursday, filling in for injured opener Tamim Iqbal.Shakib, 36, will lead Bangladesh through the World Cup, Bangladesh Cricket Board (BCB) spokesman Tanvir Ahmed told AFP."It has...

No one is more serious than Shakib: Papon

2023-08-12 00:00:00

Bangladesh Cricket Board (BCB) president Nazmul Hassan Papon believes Shakib Al Hasan's seriousness toward cricket will benefit the national team in many ways as they are gearing up for two big tournaments-Asia Cup and World Cup, reports BSS.Papon had some...

Driving economic growth & providing education

KBM Moin Uddin Chisty | 2023-08-12 00:00:00

Bangladesh, a developing nation in South Asia, has been witnessing impressive economic growth over the years. One crucial factor behind this progress has been the contribution of private universities to the country's economy. Despite facing significant challenges and a lack...

Fix private universities' tuition fees -

2023-08-12 00:00:00

Nowadays, many students want to study in private universities as they can complete their education comparatively in less time in these institutions. Some of these universities' teaching quality is also high. However, many students belonging to limited-income groups cannot afford...

Stop cheating in exam halls

2023-08-12 00:00:00

The performance in an examination may not be the true reflection of a student's ability. But it is the closest indicator to evaluate him/her. It also measures competence in a particular topic and helps predict one's future success. Therefore, we...

Setting up public toilets in city parks

2023-08-12 00:00:00

In many countries in the world, one can find a park within a 30-minute walking distance. Unfortunately, our very own megacity, Dhaka, does not have enough open spaces. According to a study conducted by the Bangladesh Institute of Planners, green...