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Stock of urea sufficient, says minister

2022-08-27 00:00:00

Industries Minister Nurul Majid Mahmud Humayun on Friday said Bangladesh meets the demand for urea with local production besides importing it from other countries, reports UNB."Now Bangladesh has enough stock of urea fertilizer," he said, replying to a question from...

RAKUB signed agreement with Bangladesh Bank

2022-08-27 00:00:00

Rajshahi Krishi Unnayan Bank (RAKUB) signed an agreement with Bangladesh Bank under the 'Refinance Scheme against Term Loan to CMSME Sector' on Wednesday. Director of Bangladesh Bank Md Jaker Hossain and Managing Director of RAKUB Md Abdul Mannan signed the...

Smartphone market shrinks 3pc in April-June

2022-08-27 00:00:00

Amid soaring inflation, Bangladesh's smartphone market shipments dropped 3.0 per cent year-on-year in in the second quarter of 2022, according to Counterpoint Research's Market Monitor Service, reports UNB."Bangladesh's smartphone market experienced a good start with Eid celebrations during April. The...

Adani contests NDTV's defence as news network fights takeover

2022-08-27 00:00:00

MUMBAI, Aug 26 (Reuters): India's Adani Group on Friday contested claims by New Delhi Television that regulatory curbs restricted its founders from selling their stake, prolonging the battle for control of a news network seen as bastion of independent media.The...

National Bank held 39th AGM on a digital platform

2022-08-27 00:00:00

National Bank Ltd. held its 39th annual general meeting (AGM) on a digital platform on Thursday. Ron Haque Sikder was re-elected a director by the shareholders through online voting. The AGM also approved the bank's audited financial report for the...

News Brief (2022-08-27)

2022-08-27 00:00:00

Prime Bank signs deal with Robi Prime Bank has recently signed an agreement with Robi Axiata Limited on a virtual event to offer its advanced digital services to the end beneficiaries of Robi. Under this agreement, Prime Bank will be...

Ten firms grab 29pc of weekly turnover

FE REPORT | 2022-08-27 00:00:00

Ten most-traded companies accounted for 29 per cent of transactions on the Dhaka Stock Exchange (DSE) in the week to Thursday, with Beximco maintaining its dominance on the turnover list for the seventh straight week.Beximco, the flagship company of Beximco...

Stocks advance for second week

BABUL BARMAN | 2022-08-27 00:00:00

Stocks notched a second week of gains, as investors started coming off the sidelines to join the market rally, optimistic about improved economic outlook in coming days. Out of the five trading days this week, four sessions closed higher, thanks...

Copper hits near 2-month high on sliding stocks, energy crisis

2022-08-27 00:00:00

LONDON, Aug 26 (Reuters): Copper prices touched their highest in nearly two months on Friday and aluminium also climbed on worries over an energy crisis hitting output while supply is tight and inventories low.Three-month copper on the London Metal Exchange...

Gold price falls on higher yields

2022-08-27 00:00:00

Gold prices slid on Friday as U.S. Treasury yields moved slightly higher, while investors positioned for Federal Reserve Chair Jerome Powell's speech at Jackson Hole, reports Reuters.Spot gold fell 0.6% to $1,748.69 per ounce by 09:08 a.m. ET (1308 GMT)....

Russian plant burning off $10m of gas a day as supply to Germany is limited

2022-08-27 00:00:00

As Europe's energy costs skyrocket, Russia is burning off large amounts of natural gas, according to analysis by Rystad Energy, reports BBC.They say the plant, near the border with Finland, is burning an estimated $10m (£8.4m) worth of gas every...

Brent falls, but remains close to $100/bbl

2022-08-27 00:00:00

LONDON, Aug 26 (Reuters): Oil prices fell on Friday as talk of a hefty European Central Bank rate hike stoked demand worries and ahead of a speech from the U.S. Federal Reserve chairman.Brent crude futures fell by 31 cents, or...

News in Brief (2022-08-27)

2022-08-27 00:00:00

Million Covid deaths in 2022: WHOGENEVA, Aug 26: The World Health Organization (WHO) announced Thursday that a million people had died from Covid-19 in 2022, calling it a "tragic milestone" when all the tools existed to prevent deaths. Nearly 6.45...

Turkey dismisses concerns over a US sanctions warning

2022-08-27 00:00:00

ISTANBUL, Aug 26 (Reuters): The US Treasury's warning to Turkey that its companies risked being sanctioned if they did business with sanctioned Russians was "meaningless," Finance Minister Nureddin Nebati said on Friday, assuring businesspeople there was no need for concern.NATO-member...

Afghan female journalist struggles for women 'heroes' from exile

2022-08-27 00:00:00

BERLIN, Aug 26 (Reuters): It was when the Taliban came to arrest her and her brother in October that Fawzia Saidzada, an Afghan journalist and women's rights activist, finally decided it was time to flee.The 30-year-old managed to get out...

Nostalgia for Johnson as Truss, Sunak battle

2022-08-27 00:00:00

NORWICH, Aug 26 (AFP): Some back Liz Truss to be the next leader of Britain's ruling Conservative party while others favour Rishi Sunak. But in the background, some Tory activists regret that Prime Minister Boris Johnson is leaving so soon,...

Two held in connection with murder of politician

2022-08-27 00:00:00

NEW DELHI, Aug 26 (BBC): Police in India have arrested two men in connection with the murder of politician and former TikTok star Sonali Phogat.The arrests came on Thursday evening after a post-mortem revealed "multiple blunt force injuries" on her...

Veteran politician Ghulam Nabi Azad quits Congress

2022-08-27 00:00:00

NEW DELHI, Aug 26 (Reuters): A veteran leader of India's main opposition Congress party quit on Friday, issuing a scathing resignation letter in which he blamed the scion of the influential Gandhi family for the decline of the party that...

US warns Moscow not to divert power from Ukraine N plant

2022-08-27 00:00:00

KYIV, Aug 26 (AFP/TASS): Washington on Thursday warned Russia against diverting energy from a nuclear plant, Kyiv says, was cut off from its grid, as calls for an independent inspection of the facility mount.Ukraine's Zaporizhzhia nuclear plant is under occupation...

US Open 2022 seeds: women's top 10

2022-08-27 00:00:00

Serena to face Kovinic in US Open first round match

2022-08-27 00:00:00

NEW YORK, Aug 26 (AFP): Serena Williams will face Danka Kovinic of Montenegro in her first round match at the US Open on Monday following the draw for the tournament.Williams, the 23-time Grand Slam title winner who has hinted she...

England build large lead over South Africa

2022-08-27 00:00:00

MANCHESTER, United Kingdom, Aug 26 (AFP): Ben Stokes was on the verge of a first century since being appointed England's full-time captain as the hosts established a commanding advantage over South Africa in the second Test at Old Trafford on...

Japan's Urawa win penalty thriller to reach AFC final

2022-08-27 00:00:00

SAITAMA, Japan, Aug 26 (AFP): Goalkeeper Shusaku Nishikawa was the hero as Japan's Urawa Red Diamonds beat stubborn Jeonbuk Motors of South Korea 3-1 on penalties to reach the final of the Asian Champions League on Thursday.Nishikawa was mobbed by...

Wasim gives another injury scare for Pakistan

2022-08-27 00:00:00

After Shaheen Shah Afridi's withdrawal due to a knee injury, Pakistan have been dealt another scare ahead of their Asia Cup opener against India on August 28, with fast bowler Mohammad Wasim pulling up with back pain during training in...

Benzema, Putellas named players of the year

2022-08-27 00:00:00

Real Madrid striker Karim Benzema was named UEFA Player of the Year and Carlo Ancelotti took the coaching honours after they led the club to a record-extending 14th Champions League title last season, reports Reuters.Benzema was in red-hot form, scoring...

Skipper looks to lift Sri Lankan morale with Asia Cup title

2022-08-27 00:00:00

DUBAI, Aug 26 (AFP): Sri Lanka skipper Dasun Shanaka on Friday said victory in the Asia Cup would lift the spirits of fans in the cricket-crazy island nation as it struggles through its worst economic crisis.The six-nation Twenty20 tournament will...

Sriram says he is clear about his role with Tigers

2022-08-27 00:00:00

Sridharan Sriram said he has clarity about his role with the Bangladesh squad after the former India all-rounder was effectively put in charge of the Twenty20 squad until the end of the World Cup in Australia this year, reports Reuters.After...

Asia Cup kicks off today

2022-08-27 00:00:00

The Asia Cup 2022 kicks off today (Saturday) with a match between Sri Lanka and Afghanistan in the UAE. Defending champions India will kick-start their campaign with a match against arch-rivals Pakistan tomorrow (Sunday), report agencies. The continental event was...

Since you are a gentleman

Mohammad Kazi Mamun | 2022-08-27 00:00:00

I am so happy that I'm alive… in one piece and short. I am in a world of shit, yes …but I'm alive. (Full Metal Jacket, Stanley Kubrick) Few days ago, I sank in the deep sea of a book...

Off the tracks of tradition and culture

Nilratan Halder | 2022-08-27 00:00:00

The nation observes the anniversary of death of the country's national poet Kazi Nazrul Islam today (Saturday). Apparently there is nothing wrong with this statement. But does the nation do so? Are there the arrangements at the grassroots level and...