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China's troubled property sector to face more debt defaults

2023-10-21 00:00:00

HONG KONG, Oct 20 (Reuters): More debt defaults are likely to emerge in China's property sector as troubled developers struggle with a weak home sales outlook, while fund raising remains challenging, according to credit analysts.A massive $124.5 billion worth of...

Bangladesh Krishi Bank signs MoU with bKash

2023-10-21 00:00:00

The signing ceremony of a Memorandum of Understanding (MoU) between Bangladesh Krishi Bank (BKB) and bKash Limited was held on Thursday in order to achieve growth in foreign remittance business. Under this agreement, Bangladeshi expatriates from all over the world...

Malaysian PM proposes free trade pact between ASEAN, GCC

2023-10-21 00:00:00

KUALA LUMPUR, Oct 20 (Reuters): Malaysia is proposing the creation of a free trade agreement between the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC), its premier said on Friday at a summit of the two...

Nasrul for cross-border connectivity to build sustainable energy system

2023-10-21 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid expressed the hope that regional cross-border connectivity will make an effective contribution to building a sustainable energy system, reports BSS.At the same time, such connectivity will build stronger cooperation networks...

Seoul moots trade framework deal with Dhaka

FE REPORT | 2023-10-21 00:00:00

Seoul has proposed to sign a bilateral trade and investment framework between Bangladesh and South Korea with an eye to further strengthening business ties.Sources said South Korean commerce minister Duk-geon Ahn recently gave the proposal during a meeting with Bangladesh...

WTO to launch global carbon price task force

2023-10-21 00:00:00

LONDON, Oct 20 (Reuters): The World Trade Organization is launching a task force to create a methodology to determine global carbon prices to ensure that plans to tax imports based on their carbon emissions do not unfairly penalize developing countries,...

Air France’s African operations facing turbulence

2023-10-21 00:00:00

RIYADH, Oct 20 (Arab News): The decision by the French Ministry of Foreign Affairs to place the West African nations that underwent coup d’etats under a “red alert,” a move initially aimed at ensuring the safety of the European country’s...

Oil set for second week of gains on Gaza contagion fears

2023-10-21 00:00:00

LONDON, Oct 20 (Reuters): Oil prices gained more than $1 on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one...

US home sales dip to lowest rate since 2010

2023-10-21 00:00:00

WASHINGTON, Oct 20 (AFP): US home sales slid further in September to the lowest rate in 13 years, according to industry data released Thursday, with interest rates high and the supply of properties limited.Existing home sales crept down 2.0 per...

Gold hits 3-month high on Mideast tensions

2023-10-21 00:00:00

Gold prices rose to a three-month high on Friday amid persistent safe haven demand on concerns over the Israel-Hamas war, while somewhat mixed signals on US interest rates also stalled a rally in the dollar and Treasury yields, reports Reuters....

Saudi Lubricants launches 'Safe Highways' campaign

2023-10-21 00:00:00

Saudi Lubricants brand of the country's leading business group RFL has launched an awareness campaign titled 'Safe Highways' to prevent road accidents. The campaign, which started on October 11, will continue for six months, reports Reuters. As part of the...

KEPZ eyes big boost from Bangabandhu tunnel opening

OUR CORRESPONDENT | 2023-10-21 00:00:00

CHATTOGRAM, Oct 20: The Korean Export Processing Zone (KEPZ) Corporation (BD) Ltd, a subsidiary of Young-one Corporation on the south bank of the Karnaphuli in Chattogram, eyes a big boost from opening of the first ever tunnel under a river...

News in Brief (2023-10-21)

2023-10-21 00:00:00

After 189 bodies found in Colorado funeral home, evidence suggests families received fake ashesCOLORADO SPRINGS, Oct 20: A Colorado funeral home where 189 decaying bodies were discovered this month appears to have fabricated cremation records and may have given families...

Canada recalls 41 diplomats from India

2023-10-21 00:00:00

TORONTO, Oct 20 (AP): Canada has recalled 41 of its diplomats from India after the Indian government said it would revoke their diplomatic immunity, the foreign minister said Thursday, in an escalation of their dispute over the slaying of a...

US Muslim group cancels banquet over death threats

2023-10-21 00:00:00

ARLINGTON, Oct 20 (AP): A national Muslim civil rights group said Thursday it is moving its annual banquet out of a Virginia hotel that received bomb and death threats possibly linked to the group's concern for Palestinians caught in the...

Indian police official suspended after big online gaming win

2023-10-21 00:00:00

NEW DELHI, Oct 20 (BBC): An Indian police official has been suspended from service after he won 15m rupees ($180,310, £149,009) on a fantasy sports platform. Somnath Zende, a police sub-inspector posted in Maharashtra state's Pune district, won the money...

Jury selection set to begin

2023-10-21 00:00:00

ATLANTA, Oct 20 (AP): Jury selection is set to begin Friday for the first defendant to go to trial in the Georgia case that accuses former President Donald Trump and others of illegally scheming to overturn the 2020 election in...

Gulf-ASEAN summit denounces attacks on Gaza civilians

2023-10-21 00:00:00

RIYADH, Oct 20 (AFP/BBC): Gulf and Southeast Asian leaders on Friday condemned attacks on civilians in the Gaza Strip and called for a permanent ceasefire, according to a statement published after a summit meeting.The six-member Gulf Cooperation Council (GCC) and...

Simple measures for big change

DOULOT AKTER MALA and SHAHMINA ISHA MANNAN | 2023-10-21 00:00:00

Participation of women in formal businesses is still poor in Bangladesh. Many of the women entrepreneurs refrain from entering the trading or manufacturing sector as they incur higher cost of doing business than that of their male counterparts. It is...

Is there any chance of ME conflict escalating far and wide?

Nilratan Halder | 2023-10-21 00:00:00

US President Joe Biden did not wait long for declaring his solidarity with Israel following the war that broke out between Hamas and the Jewish state. Prime Minister of the United Kingdom (UK), Rishi Sunak took more than a week...

Pandya out of India's World Cup clash with New Zealand

2023-10-21 00:00:00

NEW DELHI, Oct 20 (AFP): Star all-rounder Hardik Pandya has been ruled out of India's World Cup clash with New Zealand after suffering an injury in the win over Bangladesh, the BCCI said in a statement Friday.Pandya twisted his ankle...

Djokovic to open 2024 at United Cup, but no Nadal

2023-10-21 00:00:00

SYDNEY, Oct 20 (AFP): World number one Novak Djokovic will open his 2024 season at the mixed teams United Cup in Australia, but injury-plagued Rafael Nadal was not on the Spain team announced Friday.Djokovic will spearhead Serbia at the tournament...

'Not an upset' if Dutch keep winning at WC

2023-10-21 00:00:00

LUCKNOW, India, Oct 20 (AFP): Dutch batsman Teja Nidamanuru believes it will not be an "upset" if his team defeat Sri Lanka on Saturday and keep alive their bid to reach the Cricket World Cup semi-finals.After stunning South Africa by...

Messi should have own Ballon d'Or category, says Guardiola

2023-10-21 00:00:00

LONDON, Oct 20 (Agencies): Pep Guardiola says Lionel Messi should have his own category at the Ballon d'Or after he was asked whether the World Cup winner or Erling Haaland should win this year's award.Messi, who recently left Paris Saint-Germain...

Tanzid makes his chance count in World Cup

2023-10-21 00:00:00

Bangladesh's new-kid-on-the-block Tanzid Hasan Tamim position in the playing XI came under scrutiny following his successive failures in the ongoing ICC World Cup before his maiden ODI half-century against India at the Maharashtra Cricket Association Stadium in Pune on Thursday,...

England, South Africa seek redemption in crucial clash

2023-10-21 00:00:00

NEW DELHI, Oct 20 (Times of India): In the lead-up to a crucial World Cup encounter between England and South Africa on Saturday, both teams are looking for redemption following surprising losses in their previous matches. The stage is set...

Augmenting NU students' employability

2023-10-21 00:00:00

According to a study conducted by the Bangladesh Institute of Development Studies (BIDS), as many as 66 per cent of students graduating from colleges affiliated with the National University are not getting jobs after trying for years. The NU, founded...

Need for more breastfeeding corners

2023-10-21 00:00:00

Breastfeeding is vital to children's lifelong good health and well-being. So, it is advisable to have a more caring, safer and conducive environment for breastfeeding. According to section 98 (1) of the Bangladesh Labour Act, 2006, in every establishment where...

No stigmatisation of odd jobs, please!

2023-10-21 00:00:00

Alongside their studies, many students in Bangladesh are now working as part-timers in an array of sectors including freelancing, food delivery, ride-sharing, restaurant, fashion house, tutoring and more. These jobs are not only giving them financial independence but also providing...

Does Dhaka care about its pedestrians?

Tanim Asjad | 2023-10-21 00:00:00

Dhaka city is overwhelmed by careless motorcyclists and uncontrolled rickshaw-pullers. It is also a city of street vendors. Many other parties can claim that the city belongs to them. Obviously, it is not a city of pedestrians who in their...