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Israel-Hezbollah tensions drive fears of widening Gaza war

2024-06-21 00:00:00

BEIRUT, June 20 (AFP): Fears of a regional war rose Thursday after Lebanon's powerful Hezbollah movement said none of Israel would be spared in a full-blown conflict, and Israel said it had approved plans for a Lebanon offensive.Experts are divided...

US, China hold high-level talks on anti-narcotics cooperation

2024-06-21 00:00:00

NEW YORK, June 20 (Reuters): The United States and China were set to hold high-level talks on anti-narcotics cooperation on Thursday, following a breakthrough in bilateral work this week that saw them jointly go after a major drug-linked money laundering...

Vietnam welcomes Putin

2024-06-21 00:00:00

HANOI, June 20 (Reuters): Russian President Vladimir Putin was welcomed in Vietnam with a 21-gun salute during a military ceremony on Thursday, as one of the Communist-run country's top leaders hailed a comprehensive strategic partnership with Moscow and vowed to...

Four in 5 people want more climate action, poll reveals

2024-06-21 00:00:00

UNITED NATIONS, June 20 (AFP/BBC): Four in every five people want their country to strengthen its commitments to addressing climate change, according to a global poll of 75,000 participants published on Thursday.The survey by the UN Development Program, Oxford University...

Wheat futures extend losses

2024-06-21 00:00:00

PARIS/SINGAPORE, June 20 (Reuters): Chicago wheat futures fell further to two-month lows on Thursday as traders remained focused on U.S. harvest progress and improved production prospects among other major exporters.Corn and soybean futures also dipped as a heatwave in the...

BoE keeps rates at 5.25pc ahead of UK election

2024-06-21 00:00:00

LONDON, June 20 (Reuters): The Bank of England (BoE) kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday ahead of a July 4 election, but some policymakers said their decision not to cut rates was...

Gold touches 2-week high

2024-06-21 00:00:00

Gold prices hit a two-week high on Thursday after recent weak U.S. economic data raised market expectations of interest rate cuts from the Federal Reserve later this year, while uncertainty around multiple elections globally also lent support, reports Reuters.Spot gold...

Malaysia seeks to raise investment in telecom, ICT: Palak

2024-06-21 00:00:00

Malaysia has expressed its interest in increasing investment in Bangladesh's telecommunication and ICT sectors, according to State Minister for Posts, Telecommunications, and Information Technology, Zunaid Ahmed Palak.During a courtesy meeting with the state minister at the Secretariat on Thursday morning,...

Shipping industry urges Red Sea action as Houthis sink 2nd vessel

2024-06-21 00:00:00

LONDON, June 20 (Reuters): Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen's Houthis, leading industry groups said on Wednesday, after the sinking of a second ship.Iran-aligned Houthi militants first launched drone...

Meghna Insurance holds 28th Annual General Meeting

2024-06-21 00:00:00

28th Annual General Meeting (AGM) of Meghna Insurance Company Limited was held recently using a hybrid system that also involved physical presence at Golf Garden, Army Golf Club and Dhaka Cantonment, Dhaka. The meeting was attended by Musfiq Rahman (nominated...

EU banks see jump in problem loans to small companies

2024-06-21 00:00:00

LONDON, June 20 (Reuters): Banks across the European Union experienced a jump in souring loans to small and medium sized companies in the first quarter of the year, though their profitability held up, the bloc's banking watchdog said on Thursday.The...

Dhaka Bank & SME Foundation team up to boost CMSME Business

2024-06-21 00:00:00

Dhaka Bank has teamed up with SME Foundation for providing loans to cottage, micro, small and medium enterprises (CMSMEs) under their revolving loan facility amounting to Tk 450 crore. The fund was generated from the government's stimulus package and the...

Midland Bank CelebrateS 11th Founding Anniversary

2024-06-21 00:00:00

Midland Bank, a 4th generation private commercial bank in the country, completed 11th year of its commercial operation on Thursday (June 20, 2024). On this occasion, Md. Ahsan-uz Zaman, managing director & CEO, along with senior management members and divisional...

China orders small banks to curtail wealth management business

2024-06-21 00:00:00

BEIJING, June 20 (Reuters): China's banking regulator has given small banks a 2026 deadline to stop selling wealth management products unless they have a separate wealth subsidiary in a bid to curb financial risks, three people with knowledge of the...

Stocks recover from post-budget losses

FE REPORT | 2024-06-21 00:00:00

Stocks extended the rally on Thursday, with the prime index of the Dhaka Stock Exchange (DSEX) exceeding the 5,200-mark, as buoyant investors made fresh bets on lucrative blue-chip shares in anticipation of quick gains.Many fundamentally-strong shares became cheap after sharp...

BB seeks sovereign guarantee against loan to ICB

MOHAMMAD MUFAZZAL | 2024-06-21 00:00:00

The Bangladesh Bank (BB) will consider the plea of the state-run Investment Corporation of Bangladesh (ICB) for a loan of Tk 50 billion only if the government gives sovereign guarantee for the fund.The central bank said this in a letter...

Linde's dividend payout for Jan-Oct 2023 will be nine times its profit

FE REPORT | 2024-06-21 00:00:00

Linde Bangladesh's stock surged more than 43 per cent to Tk 1409.4 per share on the Dhaka bourse on Thursday after the disclosure of record 1,540 per cent cash dividends for the first 10 months of 2023. The return on...

Critical examination of product reviews

2024-06-21 00:00:00

In the age of digital shopping, product reviews play a critical role in influencing consumer decisions. There has been a rising tendency among the current generation to explore reviews before making any decision. Reviews can be written in various ways....

Establish adequate daycare centres

2024-06-21 00:00:00

Since 1991, Bangladesh's Directorate of Women Affairs, operating under the Ministry of Women and Child Affairs, has established daycare centres to empower low and middle-income working women. Ministry data reveal a total of 119 daycare centres are operational, funded both...

No hostility towards Harijans, please!

Shiabur Rahman | 2024-06-21 00:00:00

Human rights have long been a buzzword globally. Most of the countries have committed to the protection of human rights through the adoption and ratification of different international statutes. However, how a state or society accepts human rights in its...

In search of AI-driven companions

Nilratan Halder | 2024-06-21 00:00:00

In the Oscar-winning US movie "Her", a heart-broken man falls in love with the voice of an artificial intelligence (AI) character, a girl. In China, the opposite is happening right now. It is, however, not a single case of a...

Deadly flash floods in Sylhet and Sunamganj

2024-06-21 00:00:00

The flash floods that have deluged Sylhet and Sunamganj districts unveil deep-seated vulnerabilities and systemic failures in disaster preparedness and response. This calamity has not only displaced and marooned tens of thousands but also brought to light the urgent need...

Chevron still sticks to its decision on delaying construction

M AZIZUR RAHMAN | 2024-06-20 00:00:00

American oil-major Chevron has not yet reversed its decision to defer the $65-million Jalalabad compression project in northeastern Bangladesh.In April, Chevron Bangladesh informed the state-run Petrobangla of its decision to delay the construction of its natural-gas-compression station near the Jalalabad...

Eid-ul-Azha celebrated -

2024-06-20 00:00:00

Eid-ul-Azha, the second-biggest religious festival of the Muslims, was celebrated across the country on Monday with due solemnity and religious fervour.President Mohammed Shahabuddin and Prime Minister Sheikh Hasina issued separate messages greeting the Muslims of the country and all over...

Priyanka to stand for by-election

2024-06-20 00:00:00

NEW DELHI, June 19 (Reuters): A scion of India's Nehru-Gandhi dynasty is due to make her electoral debut, potentially strengthening the opposition's challenge to Prime Minister Narendra Modi in parliament after he was humbled in a recent election, politicians and...

Return flights from today

2024-06-20 00:00:00

Hajj return flights are set to begin today (Thursday) and end on Jul 22, the Ministry of Religious Affairs said in its latest bulletin, reports bdnews24.com.The first Biman Bangladesh flight bringing Hajj pilgrims home from Saudi Arabia has been scheduled...

'Hundreds' die performing Hajj this year

2024-06-20 00:00:00

MECCA, (Agencies): Muslim pilgrims wrapped up the Hajj in the deadly summer heat on Tuesday with the third day of the symbolic stoning of the devil, and the last circumambulation around the Kaaba, Islam's holiest site, in the city of...

Holidaymakers start returning to the capital

2024-06-20 00:00:00

Holidaymakers start returning to the capital after celebrating Eid-ul-Azha with their near and dear ones in their native places. The picture was snapped from Kamalapur Railway Station in the capital on Wednesday. — FE photo by Shafiqul Alam

Landslides kill nine as BD lashed by rain

2024-06-20 00:00:00

COX'S BAZAR, June 19 (AFP): Torrential rains have triggered landslides burying alive at least nine people and forcing thousands to flee to higher ground, police and government officials said Wednesday.Schools have been turned into shelters for those abandoning their homes...

Japan leads development funding to Bangladesh

FHM HUMAYAN KABIR | 2024-06-20 00:00:00

Japan leads development funding to Bangladesh by releasing the highest US$1.66 billion worth of assistance among the foreign financiers in recent tough times facing the country amid forex crunch. The amount of foreign-aid disbursement by Japan was the highest during...