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China steel exports surging to seven-yr high as home demand wilts

2023-07-02 00:00:00

BEIJING, July 01 (Reuters): China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world's biggest producer offload surplus metal due to weak demand at home.China's massive...

Bolivia taps China, Russia's Rosatom in bid to unlock huge lithium riches

2023-07-02 00:00:00

LA PAZ, July 01 (Reuters): Bolivia has signed lithium agreements with Russian state nuclear firm Rosatom and China's Citic Guoan Group, the South American country's government said on Thursday, as it looks to develop its huge but largely untapped resources...

Japan halts poultry imports from Brazil after bird flu

2023-07-02 00:00:00

SAO PAULO, July 01 (Reuters): Japan suspended purchases of poultry from a Brazilian state after an outbreak of highly pathogenic avian influenza (HPAI) on a non-commercial farm, Brazil's agriculture ministry and meat industry association ABPA said on Wednesday.The decision comes...

Fresh flight disruptions threaten US Fourth of July holiday travel

2023-07-02 00:00:00

NEW YORK, July 01 (Reuters): The number of people travelling by air in the United States for the Fourth of July holiday is expected to surpass pre-COVID levels for the first time in four years, but recent flight disruptions raise...

Growth risks to restrain oil prices this year

2023-07-02 00:00:00

Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+ cuts, a Reuters poll showed on Friday.The survey of 37 economists and analysts forecast Brent...

Panama into knockout stage as Costa Rica held by El Salvador

2023-07-02 00:00:00

NEW YORK, July 01 (AFP): Panama moved into the quarter-finals of the CONCACAF Gold Cup with a 2-1 win over Martinique on Friday after Costa Rica and El Salvador produced a frantic but goalless draw.The Canalmen have six points from...

Djokovic eyes eighth Wimbledon title and 24th Slam crown

2023-07-02 00:00:00

LONDON, July 01 (AFP): Novak Djokovic has Roger Federer's record of eight Wimbledon titles and a 24th major in his sights as he closes in on a first calendar Grand Slam in 54 years.Fresh from breaking out of a tie...

Bangladesh lose narrowly to Kuwait in SAFF C'ship semi

2023-07-02 00:00:00

Bangladesh suffered a fighting 1-0 goal defeat to superior Kuwait to exit the Bangabandhu SAFF Championship from the first semifinal held on Saturday at Sree Kanteerava Stadium in Bengaluru, India, reports BSS.Right-back Al-Buloushi broke the heart of Bangladesh fans scoring...

US consumer spending hits speed bump

2023-07-02 00:00:00

WASHINGTON, July 01 (Reuters): US consumer spending fizzled in May as households cut back on purchases of new light trucks and other long-lasting manufactured goods amid higher borrowing costs, suggesting the economy lost some speed in the second quarter.While the...

China factory activity shrinks for third straight month

2023-07-02 00:00:00

BEIJING, July 01 (AFP): Activity in China's factory sector contracted for a third straight month in June, official data showed on Friday, signalling a patchy recovery in the world's number two economy as global demand and raw material prices slumped.The...

Karmasangsthan Bank has been awarded the first prize for implementation of Annual Performance Agreement

2023-07-02 00:00:00

KARMASANGSTHAN BANK WINS APA AWARD Karmasangsthan Bank has been awarded the first prize for implementation of Annual Performance Agreement (APA) in fiscal year 2021-22. Secretary of the Financial Institutions Department Sheikh Mohammad Salim Ullah handed over the award to Managing...

Nokia renews patent licence agreement with Apple

2023-07-02 00:00:00

BEIJING, July 01 (Reuters): Nokia said on Friday it had signed a new long-term patent license agreement with Apple, as the current licence between the companies expires at the end of 2023.While terms of the agreement remain confidential between the...

Apple's market value ends above $3 trillion for first time

2023-07-02 00:00:00

NEW YORK, July 01 (Reuters): Apple Inc's stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new...

India's goods, services tax receipts rise 12pc

2023-07-02 00:00:00

NEW DELHI, July 01 (Reuters): India's goods and services tax (GST) collections rose nearly 12 per cent year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday.The government collected 1.45 trillion rupees as GST in...

Inflation eases sharply in bankrupt Sri Lanka

2023-07-02 00:00:00

COLOMBO, July 01 (AFP): Sri Lanka's inflation eased to 12 per cent in June, official data showed Saturday, the lowest figures since the island nation careened into an unprecedented economic crisis last year.Sri Lanka defaulted on its $46 billion foreign...

UK’s Regency recruits BD workers

2023-07-02 00:00:00

Bangladesh High Commission in London organised a briefing session at the Mission's Bangabandhu Lounge last week for the Bangladeshi workers who had been recruited for the first time under the UK's Seasonal Agricultural Workers Scheme, reports BSS.A British international recruitment...

News in Brief(2023-07-02)

2023-07-02 00:00:00

Lightning strike kills two farmers in KushtiaKUSHTIA, July 01: Two farmers died and another sustained injuries after being struck by lightning at Krisnapur village in Sadar upazila of Kushtia on Saturday. The deceased--Jahur Ali, 50, son of Karim Sawdargar and...

Green chilli price hike heats up Barishal markets

2023-07-02 00:00:00

BARISHAL, July 01 (UNB): The price of green chilli has soared to Tk 600 per kg in Barishal, and consumers blame lack of monitoring from the local administration for this, reports UNB.Traders, however, said shortage of supply during the Eid-ul-Azha...

Bodies of five fishermen recovered after five days

2023-07-02 00:00:00

BHOLA, July 01(UNB): The floating bodies of five fishermen have been recovered five days after a trawler capsized in the Bay of Bengal estuary near Charfesson upazila of Bhola.The bodies were recovered from the Bay of Bengal estuary at around...

'Community Clinic -- a unique model of healthcare for rural people'

2023-07-02 00:00:00

Community Clinic is now recognized as a unique model of healthcare for marginal people, reports BSS.The international community, including the World Health Organization (WHO), has demanded international recognition of this model of health care in Bangladesh.Community Clinic Programme Manager Dr...

Eid-ul-Azha celebrated in dists with due religious fervour

2023-07-02 00:00:00

Eid-ul-Azha, the second biggest religious festival of the Muslims, was celebrated across districts on Thursday amid due solemnity and religious fervour with offering prayers at mosques and Eidgahs and sacrificing animals braving the monsoon rain, reports BSS.The country's largest Eid...

Heavy rain, onrush of water trigger fear of flood in northeastern region

2023-07-02 00:00:00

Heavy rains and an onrush of water from the upstream have triggered fears of floods in Sunamganj and Netrokona under Bangladesh's northeastern Sylhet region, reports bdnews24.com.The water levels of the rivers in the region were rising on Friday, said Arifuzzaman...

Wall St rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillion

2023-07-02 00:00:00

Wall Street's three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time,...

Emerging markets carry investor hopes for H2 on lower inflation, rates

2023-07-02 00:00:00

NEW YORK/LONDON, July 1 (Reuters): From BlackRock to JPMorgan, some of the world's top investors are upbeat on emerging markets for the second half of the year on the prospect of falling interest rates, while signs of progress in tricky...

US airline stocks set for best month in two years on summer rush, lower fuel prices

2023-07-02 00:00:00

US airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season, reports Reuters.The rebound in travel spending after the pandemic has...

DSE asked to explain 'false appearance' of stocks by Tuesday

Mohammad Mufazzal | 2023-07-02 00:00:00

The Dhaka Stock Exchange (DSE) has been rebuked by the securities regulator for "misleading" investors as it has not changed the category of 23 companies even after their failure to meet the criteria. Its website still shows the organisations under...

'Breathing heavy': a World Bank report without goals

Hasnat Abdul Hye | 2023-07-02 00:00:00

People, who live, work or visit Dhaka, or for that matter in any major metropolis in Bangladesh, are not actually gasping for breath in rarefied atmosphere. But neither are they blessed with pristine air that invigorates and enlivens the spirit....

Livestock sector's potential

2023-07-02 00:00:00

Bangladesh was once highly dependent on Indian cattle. But now, we are almost self-reliant in meeting our own demand. Millions of cattle are slaughtered across the country during Eid-ul-Azha. A recent survey of Bangladesh Bureau of Statistics has found that...

Rehabilitation of drug addicts

2023-07-02 00:00:00

We do not know the exact number of floating people in Dhaka city. But many of them can be seen on the footpaths inhaling glue-filled plastic bags or taking drugs like cannabis and pethidine. They are taking these drugs publicly...

Reduce sanitary napkins' price

2023-07-02 00:00:00

Many menstruating women in Bangladesh do not use sanitary napkins due to their high cost. According to a report by the SNV Bangladesh, over 89 per cent of the country's 78.4 million women still use old clothes or rags since...