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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,...

Agrani Equity and Investment Limited, a subsidiary of Agrani Bank, held its 13th Annual General Meeting

2023-04-27 00:00:00

Agrani Equity and Investment Limited, a subsidiary of Agrani Bank, held its 13th Annual General Meeting virtually on Wednesday, with Agrani Bank Chairman Dr Zaid Bakht in the chair. Directors of the bank Kashem Humayun and KMN Manjurul Haq Lablu,...

Gold rangebound as traders await Fed cues

2023-04-27 00:00:00

Gold prices stuck within a narrow range on Wednesday as traders strapped in for US economic data for further guidance on the Federal Reserve's monetary policy stance, reports Reuters.Spot gold was little changed at $1,998.50 an ounce by 1115 GMT...

Oil extends losses as recession fears offset US inventory draw

2023-04-27 00:00:00

Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report showed that US inventories fell last week, as the market took stock of weak US data that raised fears of recession in the world's...

Biggest ship to ever dock at Matarbari deep-sea port

NAZIMUDDIN SHYAMOL | 2023-04-27 00:00:00

CHATTOGRAM, Apr 26: A Panama flag carrier ship, Owusu Maru, carrying 63,000 MT of coal from Indonesia has berthed at the Matarbari jetty of the deep-sea port.The Owusu Maru, a 229-metre long and 12.5-metre draft ship, arrived on Tuesday afternoon....

Voters say neither Biden nor Trump should run in 2024

2023-04-27 00:00:00

NEW YORK, Apr 26 (Reuters): About half of US Democrats say President Joe Biden should not seek re-election next year and that he is too old to run, a worrisome sign for the 80-year-old, a Reuters/Ipsos poll found.The three-day opinion...

Japanese Moon lander likely to have crashed

2023-04-27 00:00:00

LONDON, Apr 26 (BBC): A Japanese company hoping to carry out a rare private Moon landing says it is likely its lunar lander crashed on the surface. Communication was lost with Hakuto-R moments before it was due to touch down...

Myanmar's neighbours, some ASEAN members hold talks in secret

2023-04-27 00:00:00

NEW DELHI, Apr 26 (Reuters): Government and think-tank representatives from Myanmar and its neighbours, including India and China, held talks in New Delhi on Tuesday as part of a secretive effort to de-escalate a bloody crisis in the army-run Southeast...

Xi talks with Zelenskyy

2023-04-27 00:00:00

BEIJING, Apr 26 (AP/AFP): Chinese leader Xi Jinping appealed for negotiations between Russia and Ukraine in a phone call Wednesday with Ukrainian President Volodymyr Zelenskyy, warning "there is no winner in a nuclear war," state media said, in a long-anticipated...

A busting flow of Eid holidaymakers in tourist destination Jaflong of Sylhet district

2023-04-27 00:00:00

A busting flow of Eid holidaymakers in tourist destination Jaflong of Sylhet district on Wednesday — Focus Bangla

Man, nephew killed in Dinajpur road crash

2023-04-27 00:00:00

DINAJPUR, Apr 26 (UNB): A man and his nephew were killed when a bus rammed a motorbike on Dinajpur-Phulbari road at Chuniapara in Phulbari upazila of Dinajpur district on Wednesday.The deceased were identified as Babul Hossain, 55, son of Asim...

Concerted efforts a must to protect domestic workers' rights

2023-04-27 00:00:00

RAJSHAHI, Apr 26 (BSS): Integrated efforts of all the government and non-government entities concerned can be the best way of protecting the legitimate rights of the domestic workers.In the present social context, many of the solvent families, even some of...

Drugs worth Tk 1.05b seized in Cox's Bazar

OUR CORRESPONDENT | 2023-04-27 00:00:00

COX'S BAZAR, Apr 26: 34 Border Guard Battalion (BGB) members recovered crystal meth (ice) worth Tk 1.05 billions weighing 21 kg, from a shelter in the border area of Ukhia Upazila of Cox's Bazar.Three people were arrested in this connection.Drugs...

Dry spell dents dream of plentiful litchi yield

2023-04-27 00:00:00

MAGURA, Apr 26 (UNB): Litchi farmers in Magura are losing hope for bountiful yield of the juicy summer fruit, as they have been facing a drought-like situation due to the scorching heat and lack of rain.Litchis grown in 20 villages,...

Mitigating the risks of CEPA for Bangladesh

Samara Ashrat | 2023-04-27 00:00:00

According to the Bangladesh Foreign Trade Institute (BFTI), signing the proposed Comprehensive Economic Partnership Agreement (CEPA) with India may pose risks for Bangladesh’s domestic industry, revenue and jobs. But signing the deal is crucial for Bangladesh because Bangladesh is going...

The enigma of poverty reduction

Hasnat Abdul Hye | 2023-04-27 00:00:00

Even in the halcyon days for poverty reduction, beginning from the turn of the century up to Covid-19 outbreak, it was not free from a smidgen of controversy. The Bangladesh Bureau of Statistics (BBS), official spokesperson on the subject, found...

Investing in waste management

2023-04-27 00:00:00

Urban areas in Bangladesh reportedly generate more than 25,000 tons of solid waste every day. However, we still do not have a proper waste management system. It results in an unhealthy environment almost everywhere in the country. We often see...

End curse of load-shedding

2023-04-27 00:00:00

Load-shedding in most parts of Bangladesh is now a common phenomenon. We are now facing power outage every day in sweltering heat. Load-shedding has returned to Dhaka city with rural areas experiencing hours-long unannounced power cuts. In villages, it is...

Standing by Rana Plaza disaster survivors

2023-04-27 00:00:00

Ten years have passed since the Rana Plaza tragedy happened. But the survivors and families of deceased workers are yet to get compensation, proper treatment and rehabilitation. On 24 April 2013, a total of 1,134 people were killed and at...

Padma bridge for all motorised vehicles

Syed Mansur Hashim | 2023-04-27 00:00:00

After much deliberation and confusion, motorcycles were allowed to ply on the Padma Bridge from April 20, a few days ahead of Eid-ul-Fitr. This comes after nearly a year of ban for the 2-wheel vehicle after the tragic accidents involving...

Democracy and the culture of resignation

writes Syed Badrul Ahsan | 2023-04-27 00:00:00

Democracy is all about decency and ethics in politics. It is about respect for the norms on which pluralism conducts itself. It is about men and women who come into politics conscious of their responsibilities towards those on whose behalf...