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Stocks rebound despite tight monetary policy

FE REPORT | 2023-06-24 00:00:00

Stocks rebounded in the week to Thursday, paring half of the steep losses from the previous week despite the announcement of tight monetary policy.The Bangladesh Bank unveiled the monetary policy for the first half of the next fiscal year on...

News in Brief (2023-06-24)

2023-06-24 00:00:00

19 dead, thousands seek shelter in South Asia monsoon floodsKATHMANDU, June 23: At least 19 people are dead after floods triggered by South Asia's annual monsoon, with a week of relentless rains forcing thousands of people to seek shelter in...

Beijing issues highest heat alert as north China swelters

2023-06-24 00:00:00

BEIJING, JUne 23 (AFP): China issued its highest-level heat alert for northern parts of the country on Friday as the capital baked in temperatures hovering around 40 degrees Celsius (104 Fahrenheit).A day earlier Beijing logged its hottest June day since...

Republicans launch push to impeach Biden

2023-06-24 00:00:00

WASHINGTON, June 23 (AFP): Republicans voted Thursday to kickstart the formalities that could lead to Joe Biden's impeachment, as far right lawmakers sought to seize the-party's agenda and escalate a bitter standoff with the US president.The Republican-controlled House of Representatives...

Russia asks IAEA to ensure Zaporizhzhia nuclear plant security

2023-06-24 00:00:00

MOSCOW, June 23 (Arab News): Russia urged the International Atomic Energy Agency on Friday to ensure Ukraine does not shell the Zaporizhzhia nuclear power plant, saying it was otherwise operating safely.Alexei Likhachev, chief executive of the Russian state nuclear energy...

UN slams Israel's use of 'advanced military weaponry' in Jenin

2023-06-24 00:00:00

GENEVA, June 23 (Arab News)/ Al Jazeera): The violence in the occupied West Bank "risks spiralling out of control", according to the United Nations human rights chief who condemned Israel's use of deadly force in a raid in the Jenin...

How Modi, Biden turbocharged India-US ties

2023-06-24 00:00:00

WASHINGTON, June 23 (BBC/REuters): Following a lavish state visit by Indian Prime Minister Narendra Modi to Washington, US President Joe Biden has called his country's partnership with India among the "most consequential in the world". The BBC's Vikas Pandey and...

Rich nations pledge hundreds of billions for climate fight

2023-06-24 00:00:00

PARIS, June 23 (Reuters): Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for low-income economies by taking on more risk, a move that may require wealthy nations to inject more cash, world...

Current challenges

Md. Abdul Jabbar | 2023-06-24 00:00:00

We are currently facing many challenges. As a result of the shortage of foreign exchange reserves, electricity, gas, etc., the life of common people has become miserable, a deadlock-like situation has been created in trade and commerce. The unemployment rate...

Of animal sacrifice and locally grown cattle

Nilratan Halder | 2023-06-24 00:00:00

There is hardly any occasion other than the Eid-ul-Adha for which farmers --- cattle raisers to be precise --- take such a long preparation for marketing the saleable. Most varieties of agricultural produce takes a year at best to be...

JS body decides to present compiled report on Food Act

2023-06-24 00:00:00

The parliamentary standing committee on the Ministry of Food has decided to present a compiled report on a recently placed proposed food act before the parliament, reports BSS.The decision was taken by the committee at its 10th meeting held at...

Sri Lanka set to start tea-for-oil barter with Iran next month

2023-06-24 00:00:00

Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market...

MNT seed lab gets ISTA accreditation

FE REPORT | 2023-06-24 00:00:00

MNT Seed Testing Laboratory, a sister concern of Lal Teer Seed Limited (LTSL), has become the country's first entity to get accreditation from International Seed Testing Association (ISTA).The information was revealed at a press conference, organised by LTSL at its...

Ctg Ring Road project schedule extended again

NAZIMUDDIN SHYAMOL | 2023-06-24 00:00:00

CHATTOGRAM, June 22: Cost and time of the project to construct the Coastal Road, popularly known as Ring Road, have been extended again.The road construction was almost completed. But, the Chattogram Development Authority (CDA) is going to construct a junction...

Tipu Munshi visits stalls after inaugurating three-day Bhutan Trade and Investment Fair

2023-06-24 00:00:00

Commerce Minister Tipu Munshi visits stalls after inaugurating the three-day Bhutan Trade and Investment Fair at Gulshan Shooting Complex in Dhaka on Friday. — Focus Bangla

Single-point mooring awaits oil shipment ahead of trial run

2023-06-24 00:00:00

The long-awaited single-point mooring-an offshore bouy designed to pump and siphon imported crude oil to a storage facility-is set to partially start operations off the coast of Cox's Bazar's Moheshkhali, reports bdnews24.com.Officials at the Bangladesh Petroleum Corporation and Eastern Refinery...

UK economy falters on cost-of-living crisis

2023-06-24 00:00:00

LONDON, June 23 (AFP): UK private-sector growth has slowed to a three-month low as soaring interest rates and stubbornly high inflation fuelled by rising food prices worsens a cost-of-living crisis, data showed Friday.It comes as the UK government announced help...

Thai Airways could double narrow-body plane fleet over next decade, CEO says

2023-06-24 00:00:00

BANGKOK, June 23 (Reuters): Thai Airways aims to finalise a deal to buy at least 30 new aircraft by the end of the year and could double its fleet of narrow-body jets over the next decade, its chief executive said...

Gold set for biggest weekly drop since Feb on hawkish Fed

2023-06-24 00:00:00

Gold prices were en route to their worst week since early February on Friday as the dollar strengthened after US Federal Reserve Chief Jerome Powell reiterated that more interest rate hikes were in the offing, reports Reuters. Spot gold was...

Oil resumes slide on demand worries after latest rate hikes

2023-06-24 00:00:00

LONDON, June 23 (Reuters): Oil dropped over 2.0 per cent on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs...

England call up teenager Ahmed to Ashes squad

2023-06-24 00:00:00

LONDON, June 23 (AFP): Teenage leg-spinner Rehan Ahmed has been added to England's squad for the second Ashes Test against Australia as cover for Moeen Ali.Ahmed, 18, became the youngest man to play Test cricket for England when he was...

Suarez struggling with knee problem, says Gremio president

2023-06-24 00:00:00

Uruguay and Gremio striker Luis Suarez, who suffers from osteoarthrosis in his right knee, is struggling to extend his playing career, according to his Brazilian club's president Alberto Guerra.The former Barcelona player is considering retirement, Brazilian media reported, as he...

Ceballos extends Madrid deal until 2027

2023-06-24 00:00:00

MADRID, June 23 (AFP): Real Madrid have renewed midfielder Dani Ceballos' contract until June 2027, the Spanish side said Friday.The 26-year-old Spain international's previous deal was set to expire next week."Ceballos has defended Madrid's shirt in 120 games across four...

Australia's Alex De Minaur stretches

2023-06-24 00:00:00

LONDON: Australia's Alex De Minaur stretches to return to France's Adrian Mannarino during their men's quarter-final match at the Cinch ATP tennis Championships at Queen's Club in west London on Friday — AFP

Neymar faces possible $1m fine over Brazil property work

2023-06-24 00:00:00

RIO DE JANEIRO, June 23 (AFP): A "major construction" project at Brazilian football star Neymar's mansion in Rio de Janeiro state was halted on Thursday for "environmental infractions," which could result in a fine of some $1 million, authorities said.The...

Jamal sees Maldives match as final

2023-06-24 00:00:00

Bangladesh national football team's captain Jamal Bhuyan sees their crucial group match against Maldives as final one, reports BSS."The match against Maldives is very important for us. This is our final match. One of our vice-presidents also said this and...

Pak foreign ministry evaluating World Cup participation in India

2023-06-24 00:00:00

Pakistan's foreign ministry said it is "evaluating all aspects" of the country's participation in this year's 50-overs World Cup in India with bilateral cricket stalled between the South Asian neighbours due to soured political relations, reports Reuters.The two countries have...

No heroics from Anderson if Ashes deliver more 'kryptonite' pitches

2023-06-24 00:00:00

James Anderson said the lifeless Edgbaston pitch in the Ashes opener was like "kryptonite" to him and fears he will be powerless to help England fight back against Australia if the surfaces in the remainder of the series are flat...

India drop Pujara for West Indies tour

2023-06-24 00:00:00

NEW DELHI, June 23 (AFP): Test veteran Cheteshwar Pujara's extended batting slump has seen him left out of India's upcoming trip to the West Indies as selectors announced squads for the tour on Friday.Up-and-coming batsmen Yashasvi Jaiswal and Ruturaj Gaikwad...

Olympic Day held

2023-06-24 00:00:00

The Bangladesh Olympic Association (BOA) on Friday celebrated the Olympic Day as part of the International Olympic Committee's (IOC) global programme to popularise the Olympic movement.The BOA celebrated the Olympic Day in the capital and seven other divisions across the...