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ADB, Envoy Textiles ink $30m sustainability loan deal

FE REPORT | 2025-10-03 00:00:00

The Asian Development Bank (ADB) signed a $30 million sustainability-linked loan agreement with Envoy Textiles. The transaction with Envoy is the follow-on to a textile manufacturing project with the ADB in 2022, according to an ADB news release on Thursday.This...

Downsizing credit rating industry seen as crucial for financial sector growth

FARHAN FARDAUS | 2025-10-03 00:00:00

Asset-quality reviews conducted by foreign firms this year have uncovered hidden bad debts and under-reported non-performing loans (NPLs) in domestic banks and other financial institutions, exposing the futility of the local credit rating industry.Experts say the industry is overcrowded, creating...

China, Malaysia in talks for rare earths refinery project

2025-10-03 00:00:00

KUALA LUMPUR/BEIJING, Oct 2 (Reuters): China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast...

More pain for US farmers as government shutdown halts payments

2025-10-03 00:00:00

WASHINGTON, Oct 2 (Reuters): The US federal government shutdown that began Wednesday will halt some payments to farmers and delay access to federal farm loans, the latest blow for producers already facing low crop prices, record-high debts and a trade...

L'Oreal taps Saudi Arabia as global beauty innovation launchpad

2025-10-03 00:00:00

RIYADH, Oct 2 (Arab News): As Saudi Arabia accelerates its transformation under Vision 2030, the beauty industry is not only keeping pace - it is helping to lead the charge. At the forefront of this dynamic is L'Oreal, whose latest...

LNG demand for ships set to at least double by 2030 globally

2025-10-03 00:00:00

SINGAPORE, Oct 2 (Reuters): Demand for liquefied natural gas as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations spur orders for ships that can run on it, industry executives said.Massive LNG export...

Gold hovers near record high -

2025-10-03 00:00:00

Gold prices rose on Thursday, hovering near record highs, as heightened expectations of further US interest rate cuts this year and political uncertainty on account of a contentious US government shutdown drove demand for the metal, reports Reuters.Spot gold was...

Oil edges lower for fourth day on oversupply concerns

2025-10-03 00:00:00

LONDON, Oct 2 (Reuters): Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns about oversupply in the market.Brent crude futures fell 37 cents, or 0.6 per cenr, to $64.98 a barrel...

Road crashes kill eight in Feni, Sitakunda, Jhenaidah, Naogaon

2025-10-03 00:00:00

A total of eight persons were killed in separate road accidents in Feni, Sitakunda, Jhenaidah and Naogaon districts on Thursday, report agencies.In Feni, at least three people, including two women, were killed and 10 others injured when a speeding bus...

Anthrax cases reach 17 in Rangpur

2025-10-03 00:00:00

RANGPUR, Oct 02 (UNB): The number of confirmed anthrax infections climbed to 17, with four new individuals diagnosed with the disease in three upazilas of Rangpur.Among the new cases, two were identified in Kaunia, one in Pirgachha, and one in...

Flood risk looms over Feni's lowlands

2025-10-03 00:00:00

The Flood Forecasting & Warning Centre (FFWC) of the Water Development Board has warned that the water levels of the Muhuri, Selonia and Feni rivers may rise due to heavy rainfall triggered by a deep depression in the Bay of...

Grape cultivation brings Gaibandha youth a rare success

OUR CORRESPONDENT | 2025-10-03 00:00:00

Gaibandha, Oct 02: A young grower, Ashikur Rahman, has seen success after starting grape fruit cultivation for the first time in Gaibandha district at his orchard in Tepa Pudamshahar village of Saghata Upazila.He is cultivating thirty-six varieties of the fruit...

Potholed roads woes for Pabna, Manikganj commuters

OUR CORRESPONDENTS | 2025-10-03 00:00:00

One key road in Ishwardi upazila of Pabna district and a few others in Manikganj municipality have fallen into disrepair with innumerable potholes developing making them impassible for the regular commuters. Travelling has become difficult, with asphalt, bricks, stones and...

Haaland closes in on Messi's Champions League record

2025-10-03 00:00:00

PARIS, Oct 02 (AP): Having set a new Champions League record last time out, Erling Haaland is fast approaching another.The Manchester City striker became the fastest player to score 50 goals in the competition with one against Napoli last month....

FIFA 'cannot solve geopolitical problems' like Gaza, says Infantino

2025-10-03 00:00:00

ZURICH, Switzerland, Oct 02 (Reuters): FIFA President Gianni Infantino said on Thursday that football could not solve conflicts, but it must carry a message of peace and unity as Israel's military operation in Gaza and other global tensions fuel calls...

Namibia qualify for men's T20I World Cup

2025-10-03 00:00:00

HARARE, Zimbabwe, Oct 02 (AFP): JJ Smit starred with bat and ball as Namibia beat Tanzania by 63 runs in Harare on Thursday to qualify for a fourth consecutive T20 World Cup.The 29-year-old struck an unbeaten 61 and took 3-16...

Siraj leads the line as India start home season with a bang

2025-10-03 00:00:00

AHMEDABAD, India, Oct 02 (AFP): Red-hot Mohammed Siraj returned figures of 4-40 as India dismissed the West Indies for 162 and then turned the screw with the bat on day one of the first Test on Thursday.The hosts were 121-2...

Defending champion Gauff enter China Open last four stage

2025-10-03 00:00:00

BEIJING, Oct 02 (Reuters): Coco Gauff put down a spirited challenge from 66th-ranked Eva Lys to earn a 6-3 6-4 victory in Beijing on Thursday and reach the China Open semi-finals for a second successive year.Gauff, who is bidding to...

Bangladesh's Shorna Akter (left) celebrates with teammate Fahima Khatun

2025-10-03 00:00:00

Bangladesh's Shorna Akter (left) celebrates with teammate Fahima Khatun after taking the wicket of Pakistan's Nashra Sandhu during the ICC Women's Cricket World Cup 2025 ODI match against Pakistan at the R. Premadasa International Cricket Stadium in Colombo on Thursday-AFP

22 perish in church scaffolding collapse in Ethiopia

2025-10-03 00:00:00

ADDIS ABABA, Oct 02 (AFP): Makeshift scaffolding set up at a church in Ethiopia collapsed Wednesday, killing at least 22 people and injuring 55, state media said.The incident occurred at around 7:45 am in the town of Arerti town, roughly...

Trump uses govt shutdown to dole out firings and political punishment

2025-10-03 00:00:00

WASHINGTON, Oct 02 (AP): President Donald Trump has seized on the government shutdown as an opportunity to reshape the federal workforce and punish detractors, by threatening mass firings of workers and suggesting "irreversible" cuts to programs important to Democrats.Rather than...

US begins troop drawdown in Iraq under signed deal

2025-10-03 00:00:00

BAGHDAD, Oct 02 (AP): The United States has begun reducing its military presence in Iraq under a deal signed with Baghdad last year, with troop levels set to be cut by about 20 percent as responsibility for countering the Islamic...

Netanyahu gambles Trump Gaza peace plan

2025-10-03 00:00:00

JERUSALEM, Oct 02 (Reuters): Israeli Prime Minister Benjamin Netanyahu's support for Donald Trump's Gaza plan is a gamble that may win back estranged allies abroad and repair his political base at home but risks a battle with coalition partners opposed...

Two dead in Israeli strike in Lebanon

2025-10-03 00:00:00

BEIRUT, Oct 02 (AFP): Lebanon said two people were killed in an Israeli strike on the country's south on Thursday, the latest deadly attack despite a November ceasefire between Israel and militant group Hezbollah."The Israeli enemy strike that targeted a...

Philippine quake toll rises to 72

2025-10-03 00:00:00

BOGO, Oct 02 (AFP): The death toll from a powerful earthquake in the central Philippines rose to 72 on Thursday, rescuers said, as officials turned their efforts to the hundreds injured and thousands left homeless.Firefighters and rescuers pulled a woman...

Dozens feared dead as 59 still missing

2025-10-03 00:00:00

JAKARTA, Oct 02 (BBC/AFP): There are "no signs of life" under the wreckage of a collapsed Indonesian school where 59 people are still missing, rescuers have said.Hundreds of students, most of them teenage boys, were inside the two-storey Islamic boarding...

Open manholes - threat to public life

2025-10-03 00:00:00

Open manholes on roads in the capital and other cities have become a grave threat to public safety. Every day, pedestrians and commuters risk their lives while travelling to workplaces, markets, or educational institutions. During the rainy season, these manholes...

Why doing more makes us learn less

2025-10-03 00:00:00

In today's fast-paced world, multitasking is often celebrated as a sign of capability. Students handle classes, side projects and club work simultaneously, while professionals hop between emails, meetings and deadlines without pause. At a first glance, this seems admirable, being...

Record October rainfall and its implications

Shiabur Rahman | 2025-10-03 00:00:00

Residents in Dhaka woke up to find the city under water on October 1 when there was a staggering 132 millimetres of rainfall in just six hours between midnight and 6:00 am. By the end of the day, the total...

Addressing the problem of loss and waste of food

Nilratan Halder | 2025-10-03 00:00:00

Loss and waste of foods have ever remained a cause for serious concern. This has prompted the United Nations (UN) to observe the International Day of Awareness of Food Loss and Waste (IDAFLW) since 2020. Clearly, the global attention to...