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Vote for AL to help finish incomplete development projects: Hasina

2023-11-12 00:00:00

MAHESHKHALI, Nov 11 (UNB): Prime Minister Sheikh Hasina on Saturday once again urged the people to vote for Awami League in the upcoming national elections to help finish the incomplete development programmes."Election is coming, and I want you to vote...

Primark set for Christmas as pricing strategy pays off

2023-11-12 00:00:00

LONDON, Nov 11 (Reuters): British fashion retailer Primark is heading into Christmas in good shape and with trading momentum after its strategy of passing on only limited price rises kept shoppers on its side.It signalled the retailer's margin in the...

Asia spot LNG prices fall amid full inventories, mild weather

2023-11-12 00:00:00

LONDON, Nov 11 (Reuters): Asian spot liquefied natural gas (LNG) prices fell this week as full inventories and warm weather helped mitigate concerns over new US sanctions on Russia's Arctic LNG 2.The average LNG price for December delivery into north-east...

S Arabia sees surge in term deposits, lending, and consumer spending

2023-11-12 00:00:00

RIYADH, Nov 11 (Arab News): Saudi banks' money supply saw an 8 per cent year-on-year expansion in September, reaching SR2.66 trillion ($710 billion), according to the Kingdom's central bank, also known as SAMA.Term deposits, a significant contributor to this growth,...

Italy to host G7 summit in June 2024

2023-11-12 00:00:00

ROME, Nov 11(AFP): Italy will host next year's Group of Seven summit in June at a luxury hotel that made its name for staging Justin Timberlake's wedding, authorities announced Friday.Prime Minister Giorgia Meloni said in a social media video that...

Over 60 countries back deal to triple renewable energy this decade

2023-11-12 00:00:00

WASHINGTON/BRUSSELS, Nov 11 (Reuters): More than 60 countries have said they back a deal spearheaded by the European Union, United States and United Arab Emirates to triple renewable energy this decade and shift away from coal, two officials familiar with...

Cuban clock maker keeps on ticking despite economic woes

2023-11-12 00:00:00

HAVANA, Nov 11 (Reuters): Cuban watchmaker Ernesto Barrios saw an opportunity to make up for lost time two years ago after authorities lifted a ban on private companies that had been in place since shortly after Fidel Castro's 1959 revolution.Taking...

Dubai to showcase demand for jets under shadow of Mideast tensions

2023-11-12 00:00:00

Dubai will stage its high-profile aerospace pageant next week against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons while closing airspace and making flights longer and more expensive for some airlines, reports Reuters.The...

China's 'Singles Day' shopping bonanza loses its lustre

2023-11-12 00:00:00

BEIJING, Nov 11 (AFP): China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows.Conceived by tech giant Alibaba, "Singles...

Moody's downgrades US debt rating outlook to negative

2023-11-12 00:00:00

WASHINGTON, Nov 11 (AFP): Moody's on Friday downgraded its outlook on US debt to negative from stable, one week before crucial budget negotiations in Congress.For now, the agency has maintained its Aaa rating on US government debt."In the context of...

Thai regulator green-lights controversial telecom merger

2023-11-12 00:00:00

BANGKOK, Nov 11 (AFP): Thailand's telecom regulator has approved the merger of top Thai mobile operator AIS and a local rival, despite concerns about the potential for anti-competitive practices.AIS, whose parent company Intouch Holdings was founded by billionaire and ex-prime...

Saudi-UK trade relationship 'better than ever' after 68pc growth

2023-11-12 00:00:00

RIYADH, Nov 11 (Arab News): Bilateral trade between Saudi Arabia and the UK increased 68 per cent in the last year, amounting to $17 billion, according to the chairwoman of the Saudi British Joint Business Council.Speaking to Arab News, Jennie...

US working on ‘healthy’ ties with China, says Yellen

2023-11-12 00:00:00

SAN FRANCISCO, Nov 11 (AFP): US Treasury Secretary Janet Yellen insisted Friday that Washington and Beijing had to reestablish "healthy economic relations" after a period of strained ties between the world's two biggest economies.But, she said, the United States would...

Exim Bank opens branch at Patuakhali

2023-11-12 00:00:00

Export Import Bank of Bangladesh Limited opened its 149th branch in Patuakhali. Managing Director and CEO of the bank Mohammad Feroz Hossain inaugurated the branch as the chief guest while Additional Managing Director Md. Humayun Kabir presided over the program.

eGeneration to provide Data Center-managed services to Evercare Hospital

2023-11-12 00:00:00

eGeneration Ltd., a leading technology solutions provider of the country, is going to provide Data Center Managed Services to Evercare Hospital Dhaka. As part of this agreement, eGeneration will offer expertise in managing the Evercare Hospital's data center infrastructure and...

34 cos get e-Commerce Movers Awards

2023-11-12 00:00:00

The e-Commerce Asso-ciation of Bangladesh (e-CAB) held the e-Commerce Movers Award (eCMA) 2023 ceremony at a city hotel on Thursday. The ceremony, a beacon for digital commerce excellence, recognised and celebrated the leading players in the Bangladeshi e-commerce industry, says...

UK economy flatlines as higher interest rates bite

2023-11-12 00:00:00

The UK economy failed to grow between July and September, figures show, after a succession of interest rate rises, reports BBC.The chancellor said higher rates were hitting growth, but added that the economy had performed better than expected this year.Forecasters...

Awards for tourism sector launched

2023-11-12 00:00:00

The Bangladesh Monitor, a travel publication, has introduced a new award for the travel, tourism, and hospitality sectors to recognise the people and organisations for their valuable contribution to developing these sectors in Bangladesh, reports BSS.The names of the awardees...

Ghorashal Urea Fertiliser Plant opens today

2023-11-12 00:00:00

NARSINGDI, Nov 11 (UNB): Prime Minister Sheikh Hasina is set to inaugurate Ghorashal Urea Fertiliser Plant in Narsingdi, the largest in Southeast Asia, on Sunday morning.According to industries ministry sources, the government took the initiative on October 24, 2018 to...

Bargain or trap? US bank stock outlook hinges on Fed's path

2023-11-12 00:00:00

NEW YORK, Nov 11 (Reuters): Bargain hunters are swirling around beaten-down shares of US banks, even as skeptical investors say the sector's problems are likely to persist for some time.The S&P 500 bank index is down around 11 per cent...

Google in talks to invest in AI startup Character.AI

2023-11-12 00:00:00

NEW YORK, Nov 11 (Reuters): Alphabet's Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources...

China will 'dominate solar supply chain for years'

2023-11-12 00:00:00

China will have more than 80 per cent of the world's solar manufacturing capacity through 2026 and will be capable of satisfying annual global demand for much of the next decade, according to a report published last week, reports Reuters.The...

Global equity funds draw massive inflows as rate worries ease

2023-11-12 00:00:00

Global equity funds saw a significant uptick in demand in the week through Nov. 8 as investor sentiment improved following the decision of major central banks to keep policy rates unchanged, reports Reuters.A shift in rate hike expectations and a...

Electric heavy lorries poised to overtake hydrogen trucks

2023-11-12 00:00:00

OSLO, Nov 11 (AFP): Hydrogen-powered heavy lorries were once seen as the future of emissions-free road transport but they could soon be relegated to niche markets in Europe, overtaken by electric trucks.On the outskirts of Trondheim in western Norway, food...

Banks extend support to underprivileged

2023-11-12 00:00:00

Different banks donated blankets to the Prime Minister's Relief and Welfare Fund for distribution among underprivileged people during the upcoming winter season. Prime Minister Sheikh Hasina received the blankets at a programme at Ganabhaban in Dhaka on Friday.

BSEC to reverse its orders that barred stocks' transfer to junk category

MOHAMMAD MUFAZZAL | 2023-11-12 00:00:00

A good number of stocks will be downgraded to junk status soon, as the securities regulator is going to lift the bar that it imposed during the pandemic on category change of listed companies. An order will be issued in...

Messi celebrates 8th Ballon d'Or with MLS fans

2023-11-12 00:00:00

FORT LAUDERDALE, Fla., Nov 11 (AP): Lionel Messi held the Ballon D'Or over his head as fireworks lit up the sky to bring a pregame ceremony to a close. And with that, Inter Miami got to celebrate the game's greatest...

Barca are in a dip, not a crisis, says coach Xavi

2023-11-12 00:00:00

BARCELONA, Nov 11 (AFP): Barcelona coach Xavi Hernandez insisted Saturday his club were in a dip but not falling into crisis and said president Joan Laporta had full confidence in his project.The Spanish champions have played poorly in recent weeks...

Unbeaten status on the line as India host Netherlands today

2023-11-12 00:00:00

BENGALURU, Nov 11 (Agencies): Team India will be keen to remain unbeaten at the ICC Men's Cricket World Cup and head into the knockout stage of the tournament full of momentum when they host the Netherlands, here on Sunday.India have...

Sri Lanka appeals ICC ban over political meddling

2023-11-12 00:00:00

COLOMBO, Nov 11 (AFP): Sri Lanka's sports minister said Saturday he would appeal the country's suspension from the International Cricket Council (ICC) over alleged political interference in the local board.Roshan Ranasinghe said the world governing body's action on Friday night...