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General SM Shafiuddin Ahmed during his visit to the Airbus Defence and Space Factory in Spain

2022-08-05 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed during his recent visit to the Airbus Defence and Space Factory in Spain, which manufactured the 2nd Airbus CASA C295W purchased for Bangladesh Army — ISPR

New co underway to issue single e-ticket

MUNIMA SULTANA | 2022-08-05 00:00:00

A move has been made to form a new company to operate and issue single e-ticket for all mass transport as the metro rail is expected to roll this December.The government has already introduced rapid pass, an integrated circuit (IC)...

Nur Hossain gets life term in arms case

2022-08-05 00:00:00

A Narayanganj court has sentenced Nur Hossain, a convict in the Narayanganj 7-murder case, to life in prison for illegal possession of firearms, reports bdnews24.com.Additional District and Sessions Court Judge Sabina Yasmin delivered the verdict in the presence of Hossain...

OC among 36 cops sued over killing of Bhola BNP leader

2022-08-05 00:00:00

BHOLA, Aug 04 (UNB): Thirty-six policemen including the officer-in-charge of Bhola model police station were sued over the death of Swechchhasebak Dal activist Abdur Rahim in 'police firing' during a clash between BNP activist and police.The case was filed at...

People want to know who will be BNP leader in next polls: Quader

2022-08-05 00:00:00

Awami League General Secretary Obaidul Quader on Thursday said the people want to know who will be the leader of the Bangladesh Nationalist Party (BNP) in the next general elections, reports BSS."The people want to know who will be your...

Sheikh Kamal's 73rd birth anniv today

2022-08-05 00:00:00

The 73rd birth anniversary of Sheikh Kamal, the eldest son of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, will be observed in a befitting manner today (Friday), reports BSS.Born on August 5, 1949 at Tungipara in Gopalganj, Sheikh Kamal...

Fakhrul urges party men not to shed tears but take revenge

2022-08-05 00:00:00

Taking a vow to take revenge for the murder of Noor-e-Alam and Abdur Rahim who were killed in police firing in Bhola, BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday urged the party rank and file to wage movement...

Nikkei index closes higher

2022-08-05 00:00:00

TOKYO, Aug 4 (AFP): Tokyo's benchmark Nikkei index closed higher on Thursday with investors emboldened by Wall Street gains and a weaker yen.The Nikkei 225 climbed 0.69 per cent, or 190.30 points, to end at 27,932.20, while the broader Topix...

Indian shares snap 6-day run of gains

2022-08-05 00:00:00

BENGALURU, Aug 4 (Reuters): Indian shares settled in the negative territory on Thursday as gains in IT stocks were offset by losses in banks, while investors kept an eye out for a central bank policy decision later this week.The NSE...

Foreigners turn sellers of Chinese shares in July on COVID worries

2022-08-05 00:00:00

Overseas investors turned net sellers of Chinese stocks in July, as mainland stock prices tumbled on concerns that COVID-19 flare-ups and ensuing lockdowns would further disrupt economic activity, reports Reuters.Refinitiv data showed foreigners sold a net 21.07 billion yuan ($3.12...

US SEC addresses Wall Street 'misconceptions' about conflicts of interest

2022-08-05 00:00:00

WASHINGTON, Aug 3 (Reuters): The US Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors.The guidance...

Retail investors perceive stocks, bonds to be more arcane than crypto

2022-08-05 00:00:00

Retail investors find well-established stocks and bond markets to be more arcane than the wild world of cryptocurrencies, a survey by the World Economic Forum (WEF) showed on Thursday, reports Reuters.The privately-funded WEF's survey, in collaboration with BNY Mellon and...

Canada trade surplus widens on record energy exports

2022-08-05 00:00:00

OTTAWA, Aug 04 (Reuters): Canada's trade surplus with the world widened to C$5.05 billion ($3.94 billion) in June as exports of energy products reached a record high but analysts said it would narrow in months to come thanks to lower...

Reliance signs franchise deal with Balenciaga

2022-08-05 00:00:00

MUMBAI, Aug 04 (Reuters): India's bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate has signed with high-end brands.Reliance Brands Ltd (RBL),...

Italy, Intel close to $5.0b deal for chip factory

2022-08-05 00:00:00

ROME, Aug 04 (Reuters): Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters on Thursday.Intel's investment in...

Hundreds of Amazon workers walk out over pay

2022-08-05 00:00:00

LONDON, Aug 04 (Reuters): Hundreds of Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said, the latest sign of labour force discontent as the rising cost-of-living sparks...

Large Taxpayers Unit of NBR honoured different banks and institutions -

2022-08-05 00:00:00

The Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) has honoured different banks and other institutions as top taxpayers for the fiscal year 2021-22 in different categories in the city recently:

Rupali Bank introduces digital security system

2022-08-05 00:00:00

The Rupali Bank Ltd opened its central monitoring room on Thursday to ensure its overall security, says a press release.The digital watch activities will be conducted under the Security Division at the head office of the bank in the city....

Janata Bank Ltd holds meeting on remittamce

2022-08-05 00:00:00

The state-owned Janata Bank Ltd at a meeting on Thursday gave instructions to discourage remittance of money through hundi, ensure best services to expatriates and serve them on a priority basis so that money is remitted home in the shortest...

Razzaque warns of legal action against artificial crisis of fertilisers

FE REPORT | 2022-08-05 00:00:00

The government will take strict legal action if anyone's involvement is found in creating artificial crisis of fertilisers, warned Agriculture Minister Dr Mohammad Abdur Razzaque on Thursday while justifying the recent price hike of the agri input. "We (the government)...

News Briefs (2022-08-05)

2022-08-05 00:00:00

Disbursement of dividend Heidelberg Cement Bangladesh Ltd: The company has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders bank accounts through BEFTN and bank transfer and the shareholders having folio numbers have...

IBBL recognized by Bangladesh Bank

2022-08-05 00:00:00

Islami Bank Bangladesh Limited has been recognized by Bangladesh Bank as a leading partner for operating its digital smart payment booth at Gabtoli cattle market under the 'Smart Bangladesh Smart Haat' project jointly organised by Bangladesh Bank and Dhaka North...

UCB signs MoU with RHD

2022-08-05 00:00:00

United Commercial Bank Limited (UCB) recently signed an agreement with Roads and Highways Department (RHD) for cash collection and deposit services of Jatir Pita Bangabandhu Sheikh Mujibur Rahman Mohasarok (N-8 Expressway) at the Roads and Highways Department's Dhaka Zone office....

City Alo, BWCCI sign MoU

2022-08-05 00:00:00

City Alo recently signed a memorandum of understanding (MoU) for strategic partnership with Bangladesh Women Chamber of Commerce and Industry (BWCCI) at the BWCCI premises, says a statement. Through this strategic partnership City Alo & BWCCI will work jointly on...

Orion Infusion's share keeps rising sans PSI

FE REPORT | 2022-08-05 00:00:00

Orion Infusion is witnessing an 'abnormal' hike in its share price and increase in volume of the company's securities transacted in recent weeks though there is no undisclosed price sensitive information (PSI) to justify the same. Within a month, Orion...

Focus on separate board for startups in bourses

FE REPORT | 2022-08-05 00:00:00

Discussants at a conference made the suggestions of forming a separate board in the bourses along with ensuring support of the regulatory bodies concerned to facilitate growth of the country's startups.Their suggestions came at the conference titled 'Capital Market of...

Stocks post modest rise after bumpy ride

FE REPORT | 2022-08-05 00:00:00

Stocks witnessed a modest rise on Thursday after high volatility throughout the session as investors were active on both sides of the trading fence. The market moved between positive and negative multiple times during the session but last moment buying...

German industrial orders slide

2022-08-05 00:00:00

FRANKFURT, Aug 04 (AFP): German industrial orders dipped in June, official figures published Thursday showed, as Europe's largest economy faced the threat of a recession in the months to come.New orders-which usually provide a foretaste of industrial output-fell by 0.4...

Dubai's economy drives Tecom Group's profits up 54 per cent

2022-08-05 00:00:00

DUBAI, Aug 04 (Arab News): TECOM Group recorded a 54 per cent increase in its net profit in the second quarter due to "continued buoyancy" in the economic climate of the emirate, according to a statement issued by the Dubai...

ING profits hit by Turkey's hyper-inflation

2022-08-05 00:00:00

THE HAGUE, Aug 04 (AFP): Dutch banking giant ING reported on Thursday a 20-per cent drop in net profit in the second quarter, hit by soaring inflation in Turkey and concerns about the global economy.ING booked a profit of 1.18...