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Two more die of Covid-19

FE REPORT | 2022-08-07 00:00:00

The Covid-19 claimed two more lives in the country and 220 more people tested positive for the virus in the last 24 hours until Saturday morning.With these, the total fatalities and positive cases in Bangladesh reached 29,304 and 20,07,199 respectively.The...

DNCRP fines refuelling station Tk 0.25m in city

FE REPORT | 2022-08-07 00:00:00

A consumer watchdog during a drive on Saturday fined a refuelling station in the city Tk0.25 million on charge of tampering with the fuel oil volume.A market monitoring team of the Directorate of National Consumer Rights Protection (DNCRP) realised the...

77 more dengue patients hospitalised in 24 hrs

2022-08-07 00:00:00

Another 77 dengue patients were hospitalised in 24 hours until Saturday morning, according to the Directorate General of Health Services (DGHS).All the new patients were hospitalised in Dhaka, it said.As many as 380 dengue patients, including 306 in the capital,...

Birth anniv of Mirza Ahmed Ispahani celebrated

2022-08-07 00:00:00

The 124th birth anniversary of Mirza Ahmed Ispahani was celebrated at Mirza Ahmed Ispahani High School in Chattogram on Friday, says a statement. Mirza Ahmed Ispahani was father of Mirza Mehdy Ispahani and founder of Mirza Ahmed Ispahani High School....

Road crashes claim 739 lives in July: RSF

2022-08-07 00:00:00

As many as 739 people, including 109 children, were killed and 2,042 others injured in 632 road accidents across the country in July, reports UNB.Of them, 251 people died in motorbike accidents alone, which account for 33.96 per cent of...

Driver of a ride-sharing bike

2022-08-07 00:00:00

Driver of a ride-sharing bike and his passenger get into an altercation over fare at Mohakhali Bus Terminal in the city on Saturday as the government has raised fuel oil prices by a big margin — FE Photo

Momen urges western leaders to slap economic sanctions on Myanmar

2022-08-07 00:00:00

Foreign Minister Dr AK Abdul Momen has urged the western leaders to impose strong economic sanctions on Myanmar to expedite the Rohingya repatriation efforts, reports UNB.He also urged the ASEAN leaders to strengthen their ongoing efforts aimed at creating a...

New HC judges pay homage to Bangabandhu

2022-08-07 00:00:00

Eleven newly-appointed additional judges of the High Court (HC) on Saturday paid homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his portrait at 32 Number Dhanmondi in the city, reports BSS.Later, they offered...

Five to receive Fazilatun Nesa Mujib Award

2022-08-07 00:00:00

The government has named five "outstanding personalities" as the recipients of the "Bangamata Begum Fazilatun Nesa Mujib Award" 2022 - considered the highest state award for women in the "Ka" category - for their contributions to different sectors, reports UNB.State...

Sheikh Kamal will live as symbol of eternal youth: Speaker

2022-08-07 00:00:00

Jatiya Sangsad (JS) Speaker Dr Shirin Sharmin Chowdhury on Saturday said that Sheikh Kamal would live from generation to generation as a symbol of eternal youth, reports UNB."Bangladesh's emerging multi-dimensional talent Sheikh Kamal was a shining star in sports, culture...

FOSA pays tributes to Bangabandhu -

2022-08-07 00:00:00

The executive committee (EC) of Foreign Office Spouses Association (FOSA) has paid rich tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing wreaths at his mausoleum at Tungipara in Gopalganj, reports BSS.The association led by its chief...

Fuel price hike is rubbing salt in wounds: BNP

2022-08-07 00:00:00

Slamming the government for raising the fuel prices to get IMF's loan, BNP Secretary General Mirza Fakhrul Islam Alamgir on Saturday voiced concern that it will hit the common people hard as the prices of all essential items will go...

Fuel prices equal to India, lower than other neighbouring states

2022-08-07 00:00:00

Even after the latest hike in fuel prices in Bangladesh it is equal to India and comparatively lower than the other neighbouring countries, said Information Minister Hasan Mahmud, reports UNB.He made the remark Saturday at a seminar marking Sheikh Kamal's...

Apple asks suppliers to follow China customs rules

2022-08-07 00:00:00

BEIJING, Aug 06 (Reuters): Apple Inc has asked suppliers to ensure that shipments from Taiwan to China comply with the latter's customs regulations to avoid them from being held for scrutiny, according to a Nikkei report on Friday.Sino-US trade tensions...

German industrial output up

2022-08-07 00:00:00

FRANKFURT, Aug 06 (AFP): German industrial production rose gently in June, official figures published Friday showed, as analysts worried about the outlook for Europe's largest economy.Factory output was up 0.4 per cent from the previous month, federal statistics agency Destatis...

Porsche eyes Gulf sovereign funds

2022-08-07 00:00:00

RIYADH, Aug 06 (Arab News): German automobile manufacturer Porsche is trying to secure anchor investments from Gulf sovereign wealth funds, Bloomberg reported citing people familiar with the matter.The car maker, which is owned by Volkswagen, looks to pull off one...

Amazon to buy vacuum maker iRobot for roughly $1.7b

2022-08-07 00:00:00

NEW YORK, Aug 06 (Arab News): Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns...

Saudi PIF unveils new Egyptian investment company

2022-08-07 00:00:00

RIYADH, Aug 06 (Arab News): Saudi Arabia's Public Investment Fund has launched a new company in Egypt to drive investment in a range of sectors in the country, including infrastructure, real estate development, and health care.The Saudi Egyptian Investment Company...

India seeks to tighten rules on M&A antitrust scrutiny

2022-08-07 00:00:00

NEW DELHI, Aug 06 (Reuters): India aims to tighten rules around the scrutiny of mergers and acquisitions under proposed legislation that could particularly affect global tech firms that do a lot of business there.The proposal is part of an overhaul...

Dire performance of new Hong Kong listings clouds prospects for IPO pickup

2022-08-07 00:00:00

HONG KONG, Aug 6 (Reuters): The majority of stocks listed in Hong Kong since the start of last year are trading well below their initial selling prices, data showed, leaving investors out of pocket and dimming prospects for a pick...

Japan's GPIF posts $28b first-quarter investment loss on market turbulence

2022-08-07 00:00:00

TOKYO, Aug 6 (Reuters): Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.The world's...

TSX pares weekly decline

2022-08-07 00:00:00

TORONTO, Aug 6 (Reuters): Canada's main stock index edged higher on Friday, recouping some of this week's decline, as stabilization in oil prices bolstered energy shares, while data showed that Canada's economy unexpectedly shed jobs for a second straight month...

Global bond funds receive biggest weekly inflow in nine months

2022-08-07 00:00:00

Global bond funds obtained their biggest weekly inflow in nine months and purchases in money market funds also surged in the week to August 3, as investors favoured safety due to worries about the risk of global recession, reports Reuters.Also,...

Russian equities brace for selling pressure as fraction of foreign investors return

2022-08-07 00:00:00

MOSCOW, Aug 6 (Reuters): Russian stocks are expected to decline in August as investors from so-called "friendly" countries, a fraction of foreign investment power, return to the unchartered waters of an equity market now offering huge risks and insufficient transparency.Foreign...

Hedge funds post July gain on stock market rally, still down for year

2022-08-07 00:00:00

NEW YORK, Aug 6 (Reuters): Hedge funds posted a 1.65 per cent gain in July, driven by a stock market rally which helped reduce their losses for the year to date, data provider HFR said on Friday."Led by high beta...

India's Paytm Q1 loss rises on higher expenses

2022-08-07 00:00:00

MUMBAI, Aug 6 (Reuters): Indian digital payments firm Paytm on Friday reported a wider first-quarter loss as expenses related to marketing and employee benefits rose, but reiterated its target of achieving operational profitability next year.The company's parent firm One 97...

World stocks fall after US jobs growth surges

2022-08-07 00:00:00

LONDON, Aug 6 (AFP): Stock markets slid Friday as a much stronger-than-expected US jobs report raised the prospect that the Federal Reserve will maintain its aggressive monetary policy to combat inflation.Official data published Friday showed the US economy added 528,000...

News Briefs (2022-08-07)

2022-08-07 00:00:00

CAPM declares Unit Fund NAVCAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 94,941,518.94 on the basis of cost price and Tk 106,437,260.61 on the...

JCI Dhaka Aspire distributes reusable plastic plates

2022-08-07 00:00:00

JCI Dhaka Aspire, a local organisation of JCI Bangladesh, has recently completed the phase-2 of its project titled "Serving the Orphans" covering an orphanage and hostels of Gazipur, says a statement. This project is an initiative to create awareness about...

Prudent leadership a must to cope with global economic crisis

2022-08-07 00:00:00

Prudent leadership at all levels of society is a must to cope with this global economic crisis, said eminent economist and former governor of Bangladesh Bank (BB) Prof Dr Atiur Rahman, reports BSS.He said this while presenting a keynote paper...