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WB approves $500m credit to help tackle flooding

2022-07-17 00:00:00

The World Bank has approved a $500 million credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts benefiting over 1.25 million people, reports BSS.The Resilient Infrastruc-ture for Adaptation and Vulnerability Reduction (RIVER) project will help...

State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak

2022-07-17 00:00:00

State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak and Cox's Bazar-3 MP Saimum Sarwar Kamal laid the foundation stone of an IT/Hi-Tech Park in Cox's Bazar on Saturday

G20 finance chiefs make few policy breakthroughs at Indonesia meeting

2022-07-17 00:00:00

NUSA DUA, Indonesia, July 16 (Reuters): The Group of 20 major economies' finance chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia's war in Ukraine at a two-day...

Sophia powers England to second straight win

2022-07-17 00:00:00

Led by Sophia Dunkley's maiden ODI century - a 93-ball 107 - England secured a second win on the bounce against South Africa, at the County Ground in Bristol, on Friday. Chasing a mammoth 338 for a win, Charlotte Dean's...

Pakistan wants ICC to regulate growth of T20 leagues

2022-07-17 00:00:00

LONDON, July 16 (Reuters):The Pakistan Cricket Board (PCB) said on Saturday it has asked the International Cricket Council (ICC) to develop a way to manage the growth of the lucrative Twenty20 leagues with growing concerns about its impact on the...

Domingo insists on more first-class games for Tigers

2022-07-17 00:00:00

Russell Domingo, the Bangladesh head coach, insisted that they need to play more first-class matches in order to do well in Test cricket. Even though Bangladesh clinched the ODI series against the West Indies, they were swept away in both...

Zimbabwe, Netherlands qualify for T20 World Cup

2022-07-17 00:00:00

BULAWAYO, Zimbabwe, July 16 (AFP): Hosts Zimbabwe and the Netherlands filled the last two places for the Twenty20 World Cup in Australia by winning their qualifying tournament semi-finals in Bulawayo on Friday.Zimbabwe beat Papua New Guinea by 27 runs after...

Imranur first B'deshi athlete to reach 2nd round of World Athletics Champs

2022-07-17 00:00:00

Imranur Rahman emerged as the first Bangladeshi athlete to reach the 2nd round of the men's 100-metre sprint of the World Athletics Championship Eugene '2022 in Oregon, USA, on Saturday, reports UNB.Imranur, the fastest man of Bangladesh, took part in...

Byju's struggles to raise latest $800m funding

2022-07-17 00:00:00

Indian online education provider Byju's is struggling to close a funding round of $800 million as a global technology rout weighs on valuations, according to NDTV.Investors including Sumeru Ventures and little-known firm Oxshott haven't transferred about $250 million of the...

ISS recommends Spirit shareholders vote against Frontier offer

2022-07-17 00:00:00

Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended shareholders of Spirit Airlines Inc vote against the proposed deal with Frontier Group Holdings Inc, reports Reuters.Spirit had said on Wednesday it plans to delay a shareholder vote on its...

Citigroup shares surge on profit beat, core business strength

2022-07-17 00:00:00

Citigroup Inc shares surged more than 10 per cent on Friday after the third-largest US bank posted a smaller-than-expected 27 per cent drop in quarterly profit on unusual strength in its treasury services business and its trading desks cashed in...

News Briefs 18-07-2022

2022-07-17 00:00:00

Board meetingsSinger Bangladesh Lim-ited: A board meeting of the company will be held on July 19, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the company for the second quarter period ended June 30, 2022.Provati Insurance...

London's largest new stock mkt listing

2022-07-17 00:00:00

LONDON, July 16 (AFP): British drugs giant GlaxoSmithKline on Monday demerges its newly-named consumer healthcare unit Haleon, resulting in what is set to be London's largest new stock market listing in more than a decade.The new company-owning brands including Sensodyne...

M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of Eastern Bank Ltd

2022-07-17 00:00:00

M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of Eastern Bank Ltd (EBL), and Sadia Haque, CEO of ShareTrip, exchanging documents after signing a customer benefit deal in Dhaka recently. Under the agreement ShareTrip, the...

Subscription of 'Sandhani AML SLIC Fixed Income Fund' begins today

FE REPORT | 2022-07-17 00:00:00

Subscription of 'Sandhani AML SLIC Fixed Income Fund' --- an open-end mutual fund --- will commence today (Sunday).The initial size of the fund is Tk 500 million. Of them, the sponsor of the fund --- Sandhani Life Insurance ---will provide...

Dhaka Bank Limited observed its 27 years of banking recently. Chairman,

2022-07-17 00:00:00

Dhaka Bank Limited observed its 27 years of banking recently. Chairman, Dhaka Bank Limited Mr. Abdul Hai Sarker; Founder of the Bank Mr. Mirza Abbas Uddin Ahmed; Founder Vice Chairman Mr. A T M Hayatuzzaman Khan, Directors and Managing Director...

Revenue collection in FY’22 from DSE highest in 11 yrs

FE REPORT | 2022-07-17 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) hit an 11-year high to Tk 2.91 billion in the just concluded Fiscal Year (FY) 2021-2022.It was the highest revenue collection from the prime bourse since the stock market had...

Locals blocked the Dhaka-Tangail highway in Mirzapur upazila on Saturday protesting death

2022-07-17 00:00:00

Locals blocked the Dhaka-Tangail highway in Mirzapur upazila on Saturday protesting death of three members of a family after a bus crashed into a truck parked on the road — Focus Bangla

Dhaka's rail link with N-dists restored after five hours

2022-07-17 00:00:00

JOYPURHAT, July 16 (UNB): Rail communications between Dhaka and northern districts were restored Saturday morning after five hours of suspension following derailment of a bogie of a train in Joypurhat. A bogie of Dhaka-bound 'Ekota Express' train from Joypurhat veered...

NESCO to install 1.2m more smart prepayment meters in N-region

2022-07-17 00:00:00

RAJSHAHI, July 16 (BSS): A total of 1.2 million more smart prepayment meters are going to be installed in the country's northwest region aimed at hundred percent revenue collection.Northern Electricity Supply Company (NESCO) Limited, headquarters in Rajshahi, will install the...

Train ticket scalper jailed for three months

2022-07-17 00:00:00

RANGPUR, July 16 (BSS): A mobile court has sentenced a youth to three-month jail term on charges of black-marketing and illegal sales of train tickets at Rangpur railway station here on Friday night.The convict is Hridoy Mian, 22, of the...

Man 'throttles' wife, daughters to death in Jashore

2022-07-17 00:00:00

JASHORE, July 16 (UNB): A man allegedly throttled his wife and their two daughters to death over a family feud in Abhoynagar upazila of Jashore district on Friday. The deceased were identified as Sabina Yeasmin Bithi, 28, wife of Zahirul...

Members of the Border Guard Bangladesh (BGB) of Feni Battalion-4 seized Indian sarees

2022-07-17 00:00:00

Members of the Border Guard Bangladesh (BGB) of Feni Battalion-4 seized Indian sarees and lehengas worth about Tk 3.7 million (37 lakh) in a drive in Feni on Friday — Focus Bangla

Parents, marriage registrar get six-month imprisonment

2022-07-17 00:00:00

BAGERHAT, July 16 (UNB): Parents of two minors and a Kazi - legally empowered to register Muslim marriages and divorces - were sentenced to six months imprisonment for their involvement in child marriages in Bagerhat. Musabberul Islam, Bagerhat Sadar upazila...

Child patients’ influx for heatwave stressing Faridpur hospitals

2022-07-17 00:00:00

FARIDPUR, July 16 (UNB): Hospitalisation of children with fever, diarrhoea and itching is on the rise in the district due to heatwave that is sweeping different parts of the country. "At least 400 to 500 children took treatment every day...

US renews joint space flights with Russia

2022-07-17 00:00:00

WASHINGTON, July 16 (AFP): The United States and Russia said Friday they would renew flights together to the International Space Station, preserving one of the last areas of cooperation amid Western attempts to isolate Moscow over the invasion of Ukraine."To...

Former CIA engineer convicted of huge data leak

2022-07-17 00:00:00

WASHINGTON, July 16 (Bernama): A former CIA software engineer has been convicted in federal court of carrying out one of the largest data leaks in the spy agency's history, Anadolu Agency reported.Joshua Schulte, 33, was found guilty by a jury...

US, S Arabia agree to stop Iran getting N weapons

2022-07-17 00:00:00

RITADH, July 16 (Reuters/BBC): The United States and Saudi Arabia agreed on the importance of stopping Iran from "acquiring a nuclear weapon", during a visit by US President Joe Biden, a joint statement carried by the Saudi state news agency...

Military copter crash claims 14 lives in Mexico

2022-07-17 00:00:00

MEXICO CITY, July 16 (AFP): Fourteen people were killed when a military helicopter crashed on Friday in northwestern Mexico, the navy said."A Black Hawk helicopter was involved in an accident, the cause of which is unknown at this time," a...

Russian cruise missiles hit Ukrainian city

2022-07-17 00:00:00

VINNYTSIA, July 16 (AP/AFP): Cruise missiles fired by Russian strategic bombers struck a southeastern Ukrainian city late Friday, killing at least three people and wounding 15, as air raid sirens went off across the country, officials said.The attack on Dnipro...