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Saudi, Russia supply cuts disrupt oil, US dollar relation

2023-10-15 00:00:00

LONDON, Oct 14 (Reuters): Saudi Arabia and Russia's crude supply cuts in tandem with US interest rate rises have disrupted oil's tendency to move in the opposite direction to the US dollar, although analysts say the darkening economic outlook will...

India to push developed nations to become 'carbon negative' before 2050

2023-10-15 00:00:00

NEW DELHI, Oct 14 (Reuters): India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies more time to use fossil fuels for development needs, two Indian government...

China's export, import growth with Russia quickens in Sept

2023-10-15 00:00:00

BEIJING, Oct 14 (Reuters): The growth of China's exports and imports with Russia on a year-on-year basis quickened in September from August, China's customs data showed on Friday, as it urged deeper trade ties with its neighbour despite the disapproval...

Investors zero in on consumer health with retail sales, earnings

2023-10-15 00:00:00

NEW YORK, Oct 14 (Reuters): Investors in the coming week will get a look at the state of US consumers -- whose spending drives around two-thirds of the economy -- with a US retail sales report and earnings due from...

Banks in UK assess China risks after being stung by Russia sanctions

2023-10-15 00:00:00

LONDON, Oct 14 (Reuters): Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their "scenario planning" with the British and US governments, a senior banking official has told Reuters.The project involves...

World's biggest palm oil exchange sets sights on soyoil futures

2023-10-15 00:00:00

MUMBAI, Oct 14 (Reuters): Bursa Malaysia Derivatives Exchange (BMD), known for offering the most liquid crude palm oil futures in the world, is planning to launch soyoil futures in the first quarter of the next year, a senior exchange official...

Russia destroyed 300,000 tonnes of grain since July in attacks: Kyiv

2023-10-15 00:00:00

KYIV, Oct 14 (Reuters): Russia has destroyed almost 300,000 tonnes of grain since July in attacks on Ukraine's port facilities and on ships, the Ukrainian government said on Friday, underscoring the war's threat to global food security.In summer, Moscow quit...

Record chicken prices squeeze US shoppers, benefit Tyson Foods

2023-10-15 00:00:00

CHICAGO, Oct 14 (Reuters): Chicken prices at US grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost margins while inflation-weary shoppers buy chicken instead of beef and...

Sustainable fuel targets may mean higher fares, consolidation

2023-10-15 00:00:00

BRUSSELS, Oct 14 (Reuters): European airline chiefs said on Thursday the industry needs to make more money and may consolidate further to pay for sustainability targets, a trend likely to lead to higher fares for passengers on top of rising...

Growing tanker fleet, cheaper freight challenge Russian oil price cap

2023-10-15 00:00:00

MOSCOW/LONDON, Oct 14 (Reuters): Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the routes, according to trading and shipping...

Over 1,300 bldgs destroyed in Gaza: UN

2023-10-15 00:00:00

GENEVA, Oct 14 (AFP/AP): More than 1,300 buildings in the Gaza Strip have been destroyed, the United Nations said Saturday, after nearly a week of fierce bombardment by Israeli forces.The UN's humanitarian agency OCHA said "5,540 housing units" in those...

Opposition party to form NZ govt

2023-10-15 00:00:00

WELLINGTON, Oct 14 (Reuters): New Zealand's centre-right National Party led by Christopher Luxon is in a strong position to form a new government with its preferred coalition party ACT, with 52% of votes counted showing them likely to gain a...

Trump-backed Jim Jordan chosen as Speaker nominee

2023-10-15 00:00:00

WASHINGTON, Oct 14 (BBC): Conservative firebrand Jim Jordan has been chosen as Republican nominee to become Speaker of the House. The Ohio congressman won 124 votes from party members in the secret ballot held on Friday afternoon, with 81 against.But...

Saudi Arabia pauses talks on normalisation ties with Israel

2023-10-15 00:00:00

RIYADH, Oct 14 (AFP): Saudi Arabia has suspended talks on potentially normalising ties with Israel, a source told AFP on Saturday, amid the war raging between Israel and the Palestinian militant group Hamas.Hamas launched a large-scale attack on Israel on...

Avoiding unnecessary C-section

2023-10-15 00:00:00

Caesarean section, also known as C-section or caesarean delivery, is the surgical procedure by which one or more babies are delivered through an incision in the mother's abdomen. It is often performed because normal delivery would put the baby or...

Protect our wildlife

2023-10-15 00:00:00

Wildlife trade is illegal in Bangladesh. But the practice of selling and buying rare wild animal species is going on unabated in the country for long. Sadly, our country is used as a transit for wildlife trafficking. According to a...

Altruism can still define society

Shihab Sarkar | 2023-10-15 00:00:00

Given the increasing dominance of self-centred people in society amid a widespread nonchalance, the virtue of altruism makes many feel upbeat. Volunteering youths cleaning up clogged Dhaka canals, making people aware of the causes of dengue infection and spread, and...

Troubled Islamic financing

Asjadul Kibria | 2023-10-15 00:00:00

Even with immense potential, the Islamic financing industry in Bangladesh has faced various challenges, especially in the last couple of years. The lack of diversification of the industry, primarily dominated by banking, is a big barrier to tapping its potential....

Protecting banks from cyberattacks

2023-10-15 00:00:00

With digitisation progressing at a fast pace in most sectors of national life, the need for ensuring cybersecurity cannot be overemphasized. The banking sector in particular needs to take the issue of protecting itself from onslaught by cyber criminals more...

Sights set on $10b leather and footwear exports soon

FE REPORT | 2023-10-14 12:00:00

Industry leaders appear upbeat that US$10 billion worth of export of leather and footwear products from Bangladesh is possible soon through sound integration into global value chain, as the world market holds huge potential.To make that happen people in the...

Containing dengue menace

2023-10-14 12:00:00

Dengue has taken a serious turn in Bangladesh. This year's death toll from the mosquito-borne disease has already crossed 1,100, according to the media. More than 600 people are reportedly being hospitalised with the Aedes mosquito-borne disease in a day...

India won't impose restrictions on laptop imports

2023-10-14 00:00:00

India is rolling back its earlier plan to impose restrictions on laptop imports, months after abruptly announcing such plans which came under criticism from industry and Washington, reports Reuters."India will not impose restrictions on laptop imports," Trade Secretary Sunil Barthwal...

Lanka president to visit China as debt talks progress

2023-10-14 00:00:00

COLOMBO, Oct 13 (Reuters): Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday.Wickremesinghe took office in...

Norway condemns 'unacceptable' siege of Gaza

2023-10-14 00:00:00

OSLO, Oct 13, (AFP) : Norway on Friday condemned Israel's "unacceptable" siege of Gaza after the Hamas militant group's bloody attack on Israel."Israel is entitled to defend itself ... but it cannot use all possible means," Foreign Minister Anniken Huitfeldt...

High inflation means children go hungry around the world: Survey

2023-10-14 00:00:00

High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian group World Vision International, reports Reuters.The 16 countries included Australia, Bangladesh, Brazil, Britain, Canada, Germany,...

Disasters cause $3.8tn in crop loss over 30 years: FAO

2023-10-14 00:00:00

PARIS, Oct 13 (AFP): Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's Food and Agricultural Organization said on Friday.Floods, droughts, insect infestations, storms, disease and war have caused about $123...

Ctg north bus terminal work set to end in Dec

OUR CORRESPONDENT | 2023-10-14 00:00:00

CHATTOGRAM Oct 13: Work on the Chattogram City Bus Terminal at Kulgaon, being built by Chattogram City Corporation (CCC), is nearing completion by this December.CCC chief engineer Rafiqul Islam said, "More than 75 per cent project work has already been...

100pc construction work of Bangabandhu Tunnel completed

2023-10-14 00:00:00

Preparation is underway to inaugurate Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli River in Chattogram, as 100 per cent of the construction work has been completed, reports BSS."The Bangabandhu Tunnel under the Karnaphuli River is getting ready for traffic,"...

Apex chairman sees bright future for footwear

FE REPORT | 2023-10-14 00:00:00

Prominent business personality Syed Manzur Elahi expressed confidence in the future of the footwear business, saying that it will always remain in vogue.Addressing a gala dinner organised by Apex Group at a city hotel on Friday, Mr Elahi, the chairman...

EU seeks PMO intervention in approval

FE REPORT | 2023-10-14 00:00:00

The European Union (EU) has sought intervention of the Prime Minister's Office (PMO) in endorsing a $25-million proposed project urgently to support the labour-sector reforms in Bangladesh.The supranational bloc has written to the PMO for taking necessary action to this...