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IAGS's recognition for 1971 genocide a big achievement for Bangladesh: Experts

2023-04-27 00:00:00

Genocide scholars, activists, politicians and offspring of martyred intellectuals opined that International Association of Genocide Scholars (IAGS's) recognition for crimes committed by Pakistan in Bangladesh during the 1971 Liberation War as genocide is one step ahead for the country to...

Two ex-JL, BCL leaders shot dead in Laxmipur

2023-04-27 00:00:00

LAXMIPUR, Apr 25 (UNB): Two former leaders of Juba League (JL) and Bangladesh Chhatra League (BCL), associate bodies of Awami League, have been shot dead in an attack allegedly by their rivals over establishing supremacy in Sadar upazila of Laxmipur...

Rizvi's statement an example of freedom of speech: Hasan

2023-04-27 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud has said the statement made by BNP leader Ruhul Kabir Rizvi after his release from jail is a clear manifestation of freedom of speech in the country, reports BSS.After his release from the...

EC asks aspiring candidates to follow electoral code

2023-04-27 00:00:00

The Election Commission (EC) has issued a directive asking the aspirant candidates of the upcoming Gazipur City Corporation (GCC) polls to follow the electoral code of conduct during submission of the nomination papers, reports BSS.As tomorrow (Thursday) is the last...

61st death anniv of Sher-e-Bangla today

2023-04-27 00:00:00

The 61st death anniversary of Sher-e-Bangla Abul Kashem Fazlul Huq will be observed across the country today (Thursday), reports BSS.Prime Minister Sheikh Hasina issued a message paying rich tribute to the memory of Sher-e-Bangla. The ruling Awami League will pay...

Take steps beforehand to make Eid-ul-Azha journey smooth

2023-04-27 00:00:00

Road Transport and Bridges Minister Obaidul Quader has directed the authorities concerned to take preparation from now for making the upcoming Eid-ul-Azha journey as smooth as the holy Eid-ul-Fitr one, reports BSS."There will be cattle markets, trucks carrying animal and...

US consumer confidence hits 9-month low

2023-04-27 00:00:00

WASHINGTON, Apr 26 (Reuters): US consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year.The consumer confidence survey from the Conference Board...

Google parent announces stock buyback, modest beat on ad sales

2023-04-27 00:00:00

CALIFORNIA, Apr 26 (Reuters): Alphabet Inc said on Tuesday it would buy back $70 billion in stock and posted first-quarter profit and revenue above estimates as demand rose for cloud services and ad sales held up better than expected.Investors cheered...

Vietnam EV maker VinFast secures $2.5b

2023-04-27 00:00:00

HANOI, Apr 26 (Reuters): Vietnamese electric vehicle maker VinFast said on Wednesday it had received a fresh round of funding pledges worth $2.5 billion for its future development, in a move that may signal a new delay to its planned...

EU unveils overhaul of its fiscal rules

2023-04-27 00:00:00

BRUSSELS, Apr 26 (AFP): The EU unveiled an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending.The European Commission, the EU's executive...

The Munshiganj Unit of Jamuna Bank Foundation Dialysis Centre was inaugurated in Mushiganj recently.

2023-04-27 00:00:00

The Munshiganj Unit of Jamuna Bank Foundation Dialysis Centre was inaugurated in Mushiganj recently. Nur Mohammed, Chairman of Jamuna Bank Limited and Jamuna Bank Foundation, inaugurated the dialysis centre as the chief guest. Director of the bank Kanutosh Majumder was...

ITC to purchase land for building 'ITC Tower'

2023-04-27 00:00:00

The shareholders of the Information Technology Consultants (ITC) Limited have approved a decision to purchase a piece of land valued at about Tk 350 million, located at Tejgaon Industrial Area in Dhaka.The approval came at an Extraordinary General Meeting (EGM)...

MoC urges NBR to withdraw VAT on clothing waste recycling business

FE Report | 2023-04-27 00:00:00

The Ministry of Commerce (MoC) has recommended the revenue board to withdraw the existing 22.5 per cent value added tax (VAT) on clothing waste recycling business as the sector's growth is being affected due to the tax.It wrote to the...

LankaBangla completes Tk 3,000m bond issue

2023-04-27 00:00:00

LankaBangla Finance has recently completed the issuance of a privately placed non-convertible, zero-coupon bond worth Tk 3,000 million, says a press release. The bond issue has attracted a diverse group of investors, including individuals, corporates, banks, insurance companies, mutual funds,...

Salt production hits record high

FE REPORT | 2023-04-27 00:00:00

The crude salt production in the country has hit a record 1,839,000 tonnes this season, the highest in 62 years.The figure is 7,000 tonnes higher than in the previous season.According to sources, the surge in salt production was possible due...

Raducanu hit by another injury pulls out of Madrid Open

2023-04-27 00:00:00

MADRID, Apr 26 (AFP): Emma Raducanu is set to drop out of the top 100 less than two years since her shock win in the US Open after pulling out of the Madrid Open on Wednesday with a hand injury...

Australia's BBL boosts player payments amid T20 talent war

2023-04-27 00:00:00

MELBOURNE, Apr 26 (Reuters): International players in Australia's Big Bash League (BBL) are set for a big pay-rise after a shake-up of the domestic T20 tournament's contracting system, amid a global battle for talent.Overseas players who nominate for the draft...

Tigers practice session in Sylhet starts today sans Shakib

2023-04-27 00:00:00

Allrounder Shakib Al Hasan made him unavailable for the three-day practice camp in Sylhet for the upcoming Ireland series as he flew to USA to spend time with his family by the permission of the Bangladesh Cricket Board (BCB), reports...

Global markets mixed as tech boosts US stock futures, Europe dips

2023-04-27 00:00:00

SINGAPORE, April 26 (Reuters): Global stock markets moved in opposite directions on Wednesday, as European investors responded to strain in the US banking sector but Wall Street futures rose on bullish updates from Microsoft and Google parent Alphabet.Europe's STOXX 600...

Major Gulf markets mixed in early trade--

2023-04-27 00:00:00

Major stock markets in the Gulf were mixed in early trade on Wednesday amid rising recession fears in the United States, with the Saudi index on course to end five-day winning streak, reports Reuters.US Consumer confidence fell to a nine-month...

Microsoft results top forecasts, shares jump 8pc as AI juices sales

2023-04-27 00:00:00

Microsoft Corp beat Wall Street's estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales, reports Reuters.The company forecast revenue...

Nasdaq futures rally over 1pc after upbeat Microsoft, Alphabet results

2023-04-27 00:00:00

Nasdaq futures rallied more than 1 per cent on Wednesday after upbeat results from Microsoft and Alphabet dwarfed worries about the impact of rising interest rates on the US economy, reports Reuters.Microsoft Corp climbed 7.5 per cent after it beat...

Indian shares shrug off US recession concerns amid earnings rush

2023-04-27 00:00:00

BENGALURU, April 26 (Reuters): Indian shares reversed intraday losses on Wednesday, aided by broad-based gains across sectors amid a slew of earnings and as markets shrugged off rising recession fears in the United States.The Nifty 50 closed 0.25 per cent...

AB Bank Limited opened sub-branch at Halishahar Housing Estate, Halishahar, Chattogram on Wednesday.

2023-04-27 00:00:00

AB Bank Limited opened sub-branch at Halishahar Housing Estate, Halishahar, Chattogram on Wednesday. Tarique Afzal, president and managing director of AB Bank, inaugurated the sub-branch. Senior officials of the bank were also present on the occasion.

UCB reports record 32pc profit rise

FE REPORT | 2023-04-27 00:00:00

United Commercial Bank PLC made a record Tk 3.30 billion profit in 2022 - the highest since listing with the stock market in 1986.The listed bank's profit grew at a rate of 32 per cent in the year compared to...

The 70th meeting of the board of directors of Modhumoti Bank Limited was held on Tuesday on a virtual platform. Humayun Kabir, chairman

2023-04-27 00:00:00

The 70th meeting of the board of directors of Modhumoti Bank Limited was held on Tuesday on a virtual platform. Humayun Kabir, chairman of the board of directors; Shaikh Salahuddin, MP, vice-chairman of the board; barrister Sheikh Fazle Noor Taposh,...

Earnings data, margin rules take turnover to 3-month high

FE REPORT | 2023-04-27 00:00:00

Stocks kept gaining for the eighth day on Wednesday with turnover hitting three-month high as buoyant investors continued to chase lucrative issues.Market operators said investors had gained confidence to some extent as some of the leading companies showed signs of...

MF industry: What made it sick and what can help it regain health

Mohammad Mufazzal | 2023-04-27 00:00:00

The Asset Under Management (AUM) of 36 listed closed-end mutual funds was Tk 57.3 billion as of Monday but the market value was only Tk 37.3 billion, according to BRAC EPL Stock Brokerage.The Tk 20 billion was lost to the...

Using AI tools to boost work productivity

Hisham Khan | 2023-04-27 00:00:00

Artificial intelligence (AI) is transforming how we live and work. While there is widespread fear that AI would eliminate jobs, history has demonstrated that the introduction of any innovative new technology has upended several industries. This is the major reason...

Habits youths can develop for better mental health

Noshin Nawar | 2023-04-27 00:00:00

Mental health is a crucial facet of a person's well-being, yet it is often disregarded in daily life. External factors such as adverse circumstances, trauma, and resource constraint can undoubtedly impact a person's mental health negatively. Alongside such external factors,...