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Russia ready to boost food, fertilizer exports: Vershinin

2022-07-16 00:00:00

UNITED NATIONS, July 15, (TASS): Being a reliable supplier, Russia is ready to significantly increase its exports of food and fertilizers to the global market, Russian Deputy Foreign Minister Sergey Vershinin has said."On the subject of food security, we would...

US says no restrictions on farm equipment to Russia

2022-07-16 00:00:00

WASHINGTON, July 15 (AFP) : The United States said Thursday that it would not bar the sale of farm equipment to Russia, again denying Moscow's allegations that Western sanctions-not its invasion of Ukraine-are causing the global food crisis.The Treasury Department,...

G20 finance chiefs meet as Indonesia warns of energy, food catastrophe

2022-07-16 00:00:00

BALI (Indonesia) July 15 (AFP) : Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle...

Gold slides as dollar rallies on steep Fed rate hike bets

2022-07-16 00:00:00

Gold prices shed more than 1.0 per cent on Thursday, hovering near a one-year low, as the dollar extended its blistering rally after a hot U.S. inflation print cemented expectations around an aggressive Federal Reserve rate hike, reports Reuters.Gold, which...

S Arabia doubles Q2 Russian fuel oil imports

2022-07-16 00:00:00

Saudi Arabia, the world's largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom's own crude for export,...

Copper breaks below $7,000 mark on weak Chinese data

2022-07-16 00:00:00

LONDON, July 15 (Reuters): Copper prices plumbed fresh lows on Friday after worse-than-expected economic data in top metals consumer China deepened fears about lacklustre metals demand.Copper prices on the London Metal Exchange, which were heading for the worst weekly loss...

Wheat prices rise on export demand, corn, soy also climb

2022-07-16 00:00:00

LONDON, July 15 (Reuters): Chicago wheat futures rose on Friday, boosted by strong export sales with the recent drop in prices leading to a pick-up in demand in the physical market.The most-active wheat contract on the Chicago Board of Trade...

Oil price rises on Saudi oil production expectations

2022-07-16 00:00:00

LONDON, July 15 (Reuters): Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S. central bank could raise interest rates less aggressively...

An introduction to Bangladesh's energy sector

Mohammed Humayun Kabir | 2022-07-16 00:00:00

University in late 90s of the last century, he began his journalism career. He has worked as a journalist for several renowned newspapers for about three decades, covering Bangladesh's electricity, gas, and oil industries.He has written hundreds of special and...

Budget for the Startup Ecosystem

Tanjia Tasneem Adeeba | 2022-07-16 00:00:00

If you're involved with the businesses of Bangladesh, or you're a startup enthusiast or an investor, you probably know that local and foreign investment in Bangladeshi startups has totaled around Tk 750 million over the past decade.As an economy striving...

If the cycle of seasons goes haywire

Nilratan Halder | 2022-07-16 00:00:00

Climate change is too big an issue for a layman's comprehension. But One thing is sure that it means higher, not lower, temperature. There was no harm if it also meant the reverse of the rising temperature. Unfortunately, this has...

Save clay potters

2022-07-16 00:00:00

Once we used to use pottery items in our everyday life. From the kitchen utensils to showpieces, pottery items were the most used household tools. It was not too long ago that earthen pots, pitchers, jugs, glasses, bowls, dishes and...

Tips to save electricity

2022-07-16 00:00:00

The number of appliances in our homes that are 'always on' is increasing day by day. With this, we are also becoming habituated to leading a luxurious life. Many of us can hardly think of our life without air-conditions, refrigerators...

Undermining the spirit of Qurbani

Tanim Asjad | 2022-07-16 00:00:00

It is a bad piece of news, disappointing too. Some 50 people were injured in a clash over the distribution of sacrificial animals' meat in Sylhet. Reports said that an expatriate donated 35 cows to a local madrasa for sacrificial...

Challenges facing new BB governor

2022-07-16 00:00:00

Taking charge at a most challenging time for the economy both on the domestic and the international fronts, the new governor of the country's central bank, the Bangladesh Bank (BB), will have to be very circumspect in every of his...

The many facets of foreign exchange market

Shakhawat Hossain | 2022-07-16 00:00:00

Recent trend in exchange rate becomes talk of the town. It is well known that depreciation of local currency facilitates foreign currency earners; with costs to making remittances abroad. Taka is reported to have been depreciated to a moderate extent....

Russia launches deadly strike on Ukrainian city

2022-07-15 12:00:00

VINNYTSIA, Ukraine, July 14 (Reuters): Russian missiles struck the Ukrainian city of Vinnytsia far behind the frontlines on Thursday in an attack which Ukrainian officials called a war crime and said had killed at least 21 people, including three children.The...

Empowering women entrepreneurs through financial literacy

Melita Mehjabeen | 2022-07-15 12:00:00

In the last 20 years, Bangladesh has made remarkable progress in empowering women across the country. The country has set an exemplary record, ranking first in gender equality among the South Asian nations for the seventh year running, according to...

BB asks dealers to report 24 hrs before LC opening

2022-07-15 00:00:00

Bangladesh Bank on Thursday instructed authorized dealers (ADs) to report all types of their foreign exchange transactions including offshore banking operations to the web portals of BB on a regular basis, reports UNB.The central bank is tightening policy on spending...

Briefing 15-07-2022

2022-07-15 00:00:00

DSE turnover hits seven-week lowTurnover on Dhaka Stock Exchange (DSE) dropped below Tk 6.0 billion-mark Thursday, hitting a seven-week low, as investors were reluctant to put fresh funds in stocks amid persistent macroeconomic worries. Turnover, the crucial indicator of the...

Russia-Ukraine new grain talks next week

2022-07-15 00:00:00

ISTANBUL, July 14 (AFP): Russia and Ukraine have made enough progress on resolving their dispute over blocked grain exports to hold new talks in Turkey next week, the Turkish defence minister said Wednesday."It was agreed that the Russian and Ukrainian...

Sri Lanka protesters to end occupation of official buildings

2022-07-15 00:00:00

COLOMBO, July 14 (AFP): Sri Lanka's anti-government demonstrators said Thursday they were ending their occupation of official buildings, as they vowed to press on with their bid to bring down the president and prime minister in the face of a...

Six more die of Covid, 1,324 fall sick in BD

FE REPORT | 2022-07-15 00:00:00

The government has planned to conduct another round of nationwide booster-dose campaign to combat Covid-19 on July 19 next, according to the Directorate General of Health Services (DGHS).The day will be observed as "Covid-19 Booster Dose Day", states a notification...

MRT-6 work progressing fast, yet facing challenges

Munima Sultana | 2022-07-15 00:00:00

The implementation work of the capital city's first metro rail is progressing fast with the target to open the mass transportation system from Uttara to Agargaon (11.73 kilometres) in December, 2022.It is, however, facing some challenges in completing the integrated...

Lesser vehicles plying the city roads and flyovers - a sign that Dhaka is yet to get back to its usual

2022-07-15 00:00:00

Lesser vehicles plying the city roads and flyovers - a sign that Dhaka is yet to get back to its usual self after Eid holiday, even though offices resumed in the middle of this week. It is expected that the...

Human trafficking generates $150b in profit annually

MIR MOSTAFIZUR RAHAMAN | 2022-07-15 00:00:00

Human trafficking generates $150 billion in profit annually for the traffickers, an official of the US State Department said on Thursday.There are an estimated 25 million people subjected to human trafficking, the official, preferring not to be named, told the...

Reserve heist: RCBC libel case against BD dismissed

2022-07-15 00:00:00

A Philippines court has dismissed a defamation case filed by Rizal Commercial Banking Corp (RCBC) against Bangladesh Bank for linking it to the biggest cyber heist in the world, reports bdnews24.com.The Philippines court dismissed the case on Jun 30 and...

Draft of model PSC readied

M AZIZUR RAHMAN | 2022-07-15 00:00:00

A global consultancy recommends reduction in 'profit gas' for Bangladesh, narrowing differences of exploration benefits between deep-and shallow-sea blocks, to lure international oil companies (IOCs) into exploring hydrocarbons in the Bay.Scotland's Wood Mackenzie, based in Edinburg, also has suggested updating...

BB set to enhance forex flow by $1.0b

SIDDIQUE ISLAM | 2022-07-15 00:00:00

The central bank is set to enhance the foreign-exchange flow by nearly $1.0 billion as part of regulatory measures to manage the ongoing volatility in the market, officials say.Around $365 million will be credited to banks' own accounts from exporters'...

Most global youths lack job skills

FE REPORT | 2022-07-15 00:00:00

About three out of four youths in the world aged 15-24 lack required skill-sets for employment, according to a latest report published Thursday.It placed Bangladesh at the lower level of youth's attainment of secondary-level, transferable, digital, job-specific, and entrepreneurial skills....