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Toyota to boost dev of EV tech in China

2023-08-01 00:00:00

TOKYO, July 31 (Reuters): Toyota will strengthen development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world's largest auto market.The move is the latest...

Eurozone economy rebounds as inflation slows in July

2023-08-01 00:00:00

BRUSSELS, July 31 (AFP): Economic growth in the eurozone rebounded in the second quarter, data showed Monday, but concerns remain over inflation that is slowing yet still stubbornly high, and over stagnation in the German economy.The EU's Eurostat data agency...

Musk draws heat from San Francisco over giant X logo

2023-08-01 00:00:00

NEW YORK, July 31 (Reuters): A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy...

Lamborghini could hit 10,000 sales this year

2023-08-01 00:00:00

MILAN, July 31 (Reuters): Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the luxury sports carmaker reported a rise in profit and revenues for the first half.The Italian brand, a subsidiary of Germany's...

Hong Kong economy slows in Q2

2023-08-01 00:00:00

HONG KONG, July 31 (AFP): Hong Kong's economy expanded by 1.5 per cent in the second quarter, data released Monday showed, indicating slowing growth after a robust start to the year.Vast swathes of Hong Kong's economy were shut down in...

EU, Philippines agree to relaunch free trade talks

2023-08-01 00:00:00

MANILA, July 31 (AFP): The European Union (EU) and the Philippines will restart negotiations on a free-trade agreement as they seek to accelerate "a new era of cooperation", European Commission President Ursula von der Leyen said Monday.Talks began in 2015...

Panasonic Q1 profit jumps, keeps full-year forecast

2023-08-01 00:00:00

TOKYO, July 31 (Reuters): Japan's Pana-sonic Holdings posted a 42 per cent rise in first quarter operating profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year...

Probashi Kallyan Bank Training Institute inaugurated

2023-08-01 00:00:00

Probashi Kallyan Bank Training Institute was inaugurated on Sunday. Sheikh Mohammad Salim Ullah, secretary, Financial Institutions Division, was present as the chief guest at the inaugural ceremony while Md Mazibur Rahman, managing director of the bank, was the special guest....

Union Bank organised Half Yearly Business Conference 2023

2023-08-01 00:00:00

Union Bank Limited organised the Half Yearly Business Conference 2023 in Dhaka recently. Dr Md Salim Uddin, Chairman of the bank, inaugurated the event as the chief guest while Managing Director & CEO ABM Mokammel Hoque Chowdhury presided over the...

Jamuna Bank organised town hall meeting of Khulna Zone

2023-08-01 00:00:00

Jamuna Bank Limited organised a town hall meeting of Khulna Zone in Khulna, aiming to enhance augmented customer service and expand banking services with due diligence. Md Saidul Islam, chairman of Jamuna Bank Limited, attended the event as the chief...

BENGAL COMMERCIAL BANK OPENS NEW BRANCH

2023-08-01 00:00:00

Bengal Commercial Bank (BGCB) has opened its 22nd Branch at Velanagar in Narshingdi. Dilip Kumar Agarwala, a Director of the bank and Managing Director of Diamond World Ltd., inaugurated the Branch as the chief guest recently. Managing Director and CEO...

US-Bangla Airlines gets IOSA certificate

2023-08-01 00:00:00

US-Bangla Airlines has become the first private carrier of the country to get the IATA Operational Safety Audit (IOSA), reports UNB.Argus Pros, one of the five audit firms worldwide designated by IATA, acted as the auditor for US-Bangla Airlines to...

Marico begins production at Mirsarai unit

FE REPORT | 2023-08-01 00:00:00

Marico Bangladesh has begun commercial production from its new manufacturing unit at Mirsarai Special Economic Zone to seize a greater share of the rapidly expanding market for fast-moving consumer goods.Although the India-based multinational company initiated production at its new manufacturing...

IDCOL extends $20m loan to expressway project

2023-08-01 00:00:00

The Infrastructure Development Company Limited (IDCOL) has extended $20 million long-term loan to Dhaka RAD Elevated Expressway Company Limited (DREECL), an SPV (Special Purpose Vehicle) formed to implement a PPP project, says a press release. The project is designed to...

bKash gets 'Fintech Award'

2023-08-01 00:00:00

bKash, the country's largest mobile financial services (MFS) provider, won the 'Fintech Pioneer Award' for playing pioneering role in the country's fintech sector, says a press release. Prime Minister Sheikh Hasina handed over the award to Kamal Quadir, founder and...

Move to designate them for storing exportable agricultural items

REZAUL KARIM | 2023-08-01 00:00:00

In an effort to streamline the shipment of fresh agri produce and bolster export revenues, the government has initiated measures to restrict the usage of six BADC cold stores near Dhaka airport as warehouses, according to sources.The decision comes in...

Gold price set for monthly gain

2023-08-01 00:00:00

Gold pared losses and was poised for its best month in four on Monday as top central banks switch to a more cautious posture about further moves in their year-long round of global monetary tightening, reports Reuters. Spot gold was...

Oil heads for biggest monthly gain in over a year

2023-08-01 00:00:00

LONDON, July 31 (Reuters): Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that Saudi Arabia will extend voluntary output cuts into September and tighten global supply.Brent crude futures rose...

News in Brief(2023-08-01)

2023-08-01 00:00:00

Two dead as Russian missiles hit anotherapartment building in Ukraine KYIV, July 31: Russian missiles slammed into the central Ukrainian city of Kryvyi Rih, killing two people, wounding at least 20 others and trapping up to seven beneath rubble, Ukraine's...

Toll in Pakistan suicide attack rises to 54

2023-08-01 00:00:00

KHAR, July 31 (AP): The death toll from a massive suicide bombing that targeted an election rally for a pro-Taliban cleric rose to 54 Monday, as Pakistan held funerals and the government vowed to hunt down those behind the attack.No...

Roads turn into rivers

2023-08-01 00:00:00

BEIJING, July 31 (Reuters): In Beijing's western suburbs, cars were swept away on Monday as relentless rain since the weekend transformed roads into rivers, killing at least two and trapping hundreds, despite an overnight evacuation of tens of thousands from...

Rare public display of discontent with Hamas

2023-08-01 00:00:00

GAZA CITY, July 31 (AP): Several thousand people briefly took to the streets across the Gaza Strip on Sunday to protest chronic power outages and difficult living conditions, providing a rare public show of discontent with the territory's Hamas government....

Myanmar junta extends state of emergency, delaying polls

2023-08-01 00:00:00

YANGON, July 31 (AFP): Myanmar's junta announced a six-month extension to a state of emergency Monday, signalling a delay to elections they had pledged to hold by August.The Southeast Asian nation has been ravaged by deadly violence since a coup...

Adidas, Man Utd's new deal to increase focus on women's team

2023-08-01 00:00:00

LONDON, July 31 (AFP): Manchester United said it had signed a new 10-year deal with German sportswear giant Adidas on Monday, worth a minimum $1.15 billion, according to the BBC.The two have been partners since the 2015/16 season, reuniting after...

2nd Inter-services Judo Competition

2023-08-01 00:00:00

Director General of Border Guard Bangladesh (BGB) Major General A K M Nazmul Hasan BAM, ndc, psc greeting winners of the 2nd Inter-services Judo Competition on Monday. BGB became champion in the competition (Men)

Athletes leave for Commonwealth Youth Games today

2023-08-01 00:00:00

A seven-member of Bangladesh contingent will leave Dhaka for Trinidad and Tobago today (Tuesday) to take part in the 7th Commonwealth Youth Games scheduled to be held in Port of Spain from August 4 to 11, reports BSS.A total of...

Draw with Ireland puts Nigeria through to last 16

2023-08-01 00:00:00

BRISBANE, Australia, July 31 (AFP): Nigeria booked their place in the last 16 of the Women's World Cup on Monday when they drew 0-0 with Ireland to finish second behind co-hosts Australia in Group B.They will now meet the winners...

Japan thrash Spain 4-0

2023-08-01 00:00:00

WELLINGTON, July 31 (AFP): Hinata Miyazawa scored twice and set up another as Japan stunned Spain 4-0 at the Women's World Cup on Monday to set up a clash with Norway in the knockout stage.The Japanese delivered a lesson in...

Tigers start preliminary camp ahead of Asia Cup

2023-08-01 00:00:00

The Bangladesh cricket team started their preliminary camp ahead of the Asia Cup, to be held in August in Pakistan and Sri Lanka, reports UNB. A total of 32 players have been called up to the camp. Mahmudullah Riyad, who...

Man found dead in Natore -

2023-08-01 00:00:00

Natore, July 31 (UNB): Police recovered the body of a man from Natore's Lalpur upazila on Monday morning.The dead, Qurban Ali, was the son of Hazrat Ali of Borboria village of the upazila.Locals spotted the body of Qurban Ali in...