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KSA, China strengthen trade and investment ties in high-level talks

2025-08-28 00:00:00

RIYADH, Aug 27 (Arab News): Saudi Investment Minister Khalid Al-Falih met with China's Commerce Minister Wang Wentao in Beijing during an official visit, underscoring growing economic ties between the two countries. The ministers discussed strengthening cooperation in global trade and...

Ford to recall more than 355,000 trucks

2025-08-28 00:00:00

NEW YORK, Aug 27 (Reuters): Ford Motor Company is recalling more than 355,000 trucks in the US over a issue with the instrument panel display, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain Ford 2025-2026...

US restaurant chain Cracker Barrel cracks, revives old logo

2025-08-28 00:00:00

WASHINGTON, Aug 27 (AFP): US restaurant chain Cracker Barrel announced Tuesday it was reverting to its old logo after its rebrand sparked a furious, culture war-fueled backlash, including criticism from President Donald Trump.The folksy, homestyle US chain saw tens of...

China aims to triple AI chip output, reduce Nvidia's dependency

2025-08-28 00:00:00

BEIJING, Aug 27 (Reuters): China's chipmakers are seeking to triple the country's output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday.Huawei aims to begin production at a plant dedicated to...

Dominant AI trade confronts test as bellwether Nvidia reports earnings

2025-08-28 00:00:00

NEW YORK, Aug 27 (Reuters): The artificial intelligence theme that has propelled markets over the past couple years faces a crucial moment on Wednesday, when bellwether Nvidia Corp reports its second-quarter results.Technology shares, including a number of signature stocks in...

Frankfurt and Zurich poised to eclipse London in expected IPO flurry

2025-08-28 00:00:00

FRANKFURT/LONDON, Aug 27 (Reuters): Frankfurt and Zurich are poised to lead a European revival of stock market listings over the coming weeks, outpacing London, equity capital markets advisers say.Despite listing reforms, London's performance so far this year for IPOs is...

Egypt to offer incentives for major stock listings

2025-08-28 00:00:00

RIYADH, Aug 27 (Arab News): Egypt is considering offering incentives for large-scale offerings on its stock exchange in an attempt to encourage companies to list in the county, the government's finance minister revealed.During a ministerial meeting, Ahmed Kouchouk said this...

ICSB organises orientation programme for students of 3rd batch

2025-08-28 00:00:00

Institute of Chartered Secretaries of Bangladesh (ICSB) has organised an Orientation Programme for the students of 3rd Batch (56th Batch) of the Chartered Secretary (CS) Course at ICSB Chattogram Branch, CDA Avenue, East Nasirabad, Chattogram on Tuesday. Md Delowar Hossain,...

MetLife customers to get special discounts at Chuti Resort

2025-08-28 00:00:00

MetLife Bangladesh has recently signed a Memorandum of Understanding (MoU) with Chuti Resort. From Chuti Group, Mostofa Mahmud Arifee, Group Chairman and Md Mostofa Kamal, Group Managing Director, and from MetLife Bangladesh, Nowfel Anower, Chief Marketing Officer, and Shiuly Akhter,...

Rupali Bank holds 10th EGM, 39th AGM

2025-08-28 00:00:00

The 10th Extraordinary General Meeting (EGM) and the 39th Annual General Meeting (AGM) of state-owned Rupali Bank PLC were held at its conference room on Wednesday. The meeting was conducted on a hybrid format by bank's Chairman Md Nazrul Huda....

MUTUAL TRUST BANK, JBS HOLDINGS SIGN MOU

2025-08-28 00:00:00

Mutual Trust Bank (MTB) and JBS Holdings Limited signed a memorandum of understanding (MoU) recently at the corporate office of JBS Holdings Limited. Customers of JBS Holdings Limited will now have the opportunity to avail of home loans from MTB...

PRIME BANK RECEIVES SUSTAINABILITY RATING AWARD FROM BB

2025-08-28 00:00:00

Prime Bank has been honoured with the prestigious 'Sustainability Rating 2024' award by the Bangladesh Bank in recognition of its strong and consistent commitment to sustainability practices. This marks the third consecutive year that Prime Bank has received this accolade,...

BRAC Bank maintains growth momentum in H1

2025-08-28 00:00:00

BRAC Bank achieved a 53 per cent year-on-year growth net profit after tax (NPAT) on a consolidated basis in the first six months of 2025, according to a press release.The bank's consolidated financials, which include all its subsidiaries, showed an...

Semiconductor industry creating jobs for BD graduates

2025-08-28 00:00:00

The Bangladesh Semiconductor Industry Association (BSIA) says the country's semiconductor sector is emerging as a major source of jobs for the rising number of Computer Science and Electrical & Electronics Engineering graduates, reports UNB.BSIA President MA Jabbar said while holding...

Regulator to probe use of BEXIMCO bond proceeds

FE REPORT | 2025-08-28 00:00:00

The securities regulator has formed probe committees to inquire into the utilisation of funds raised by BEXIMCO through bonds in 2021 and 2024. The company raised Tk 30 billion in 2021, issuing Beximco Green Sukuk bonds. The bond proceeds were...

Islami Bank posts profit despite regulatory clampdown, surging NPLs

FE REPORT | 2025-08-28 00:00:00

Islami Bank reported a profit of Tk 1.09 billion for 2024 even after a 68 per cent year-on-year increase in provision in the year for non-performing loans (NPLs) under a strict regulatory measure by the central bank. The lender had...

SDC2025: a global convergence for sustainable future

Md Touhidul Alam Khan | 2025-08-28 00:00:00

The 11th Sustainable Development Conference (SDC2025), held in the vibrant city of Bangkok from July 15 to 17, stood as a testament to the unwavering global dedication toward creating a sustainable, equitable, and resilient future. Over these three days, an...

MIS careers, an opportunity

2025-08-28 00:00:00

In today's digital-first world, careers in Management Information Systems (MIS) stand out with their unique blend of technology and business strategy. As companies increasingly rely on data to drive decision-making, professionals who understand both technical systems and organisational goals are...

Recovering Waqf lands

2025-08-28 00:00:00

Land grabbers in the country have encroached on some 257,400 acres of waqf land illegally. The actual size may be even bigger. The illegal encroachment of waqf land shows the power of the land grabbers in the country. It is...

Global job cuts and Bangladesh

Syed Tashfin Chowdhury | 2025-08-28 00:00:00

In the second week of August, five companies in the United States (US) and United Kingdom (UK) announced plans to slash a total of 7,000 jobs. The companies include the global biotechnology firm CSL, the globally renowned LG Electronics, the...

Tax regime fraught with policy failures

2025-08-28 00:00:00

Bangladesh's tax regime has so far remained outdated and archaic with both the National Board of Revenue (NBR) and tax payers -- corporate and individual -- either finding themselves at loggerheads or developing a chummy relationship. The net result of...

The reform conundrum

Hasnat Abdul Hye | 2025-08-28 00:00:00

The rubric reform is not new to Bangladesh. In the past, whenever an unelected government took office, reform of various sorts gained currency. Whether this was a ploy to divert public attention from illegal use of power or a genuine...

Celebratory gunfire kills groom in Turkey

2025-08-28 00:00:00

ISTANBUL, Aug 27 (AFP): A groom died of his injuries after being hit by celebratory gunfire after his own wedding in northern Turkey, local media reported on Wednesday.As the newlyweds were being escorted home after the ceremony, the 23-year-old groom,...

IAEA inspectors in Iran to restart inspection

2025-08-28 00:00:00

WASHINGTON, Aug 27 (AFP): The head of the UN's nuclear watchdog has said a team of its inspectors are "back in Iran," the first to enter since Israeli and US strikes on Iranian nuclear facilities this year.Iran suspended cooperation with...

Floods, landslides kill at least 30 in India's Jammu

2025-08-28 00:00:00

SRINAGAR, Aug 27 (AFP): Floods and landslides triggered by heavy rains have killed at least 30 people in India's Himalayan region of Jammu and Kashmir, officials and local media said Wednesday.An intense monsoon rainstorm in the Indian-administered territory has caused...

Israel launches operation in West Bank's Nablus

2025-08-28 00:00:00

NABLUS, Aug 27 (AFP): The Israeli military on Wednesday launched an operation involving dozens of soldiers and armoured vehicles in the old city of Nablus, in the northern occupied West Bank, witnesses and Palestinian officials said.The Israeli military confirmed to...

Russia rejects EU troops in Ukraine and speedy Zelensky meeting

2025-08-28 00:00:00

MOSCOW, Aug 27 (AFP): The Kremlin on Wednesday said it was against European countries sending peacekeeping troops to Ukraine and pushed back against the idea of a speedy meeting between presidents Vladimir Putin and Volodymyr Zelensky."We view such discussions negatively,"...

Ryanair welcomes Boeing fast-track plane deliveries

2025-08-28 00:00:00

BRUSSELS, Aug 27 (Reuters): Boeing has brought forward deliveries to Ryanair, with 25 new MAX 8 aircraft expected by October instead of spring next year, enabling the budget carrier to offer more flights, its CEO Michael O'Leary said on Wednesday.US...

Gold eases on firmer dollar and profit-taking

2025-08-28 00:00:00

Gold slipped on Wednesday as the dollar firmed and investors booked profits after prices hit a more than two-week high in the previous session, reports Reuters.Spot gold was down 0.5 per cent at $3,375.79 per ounce at 1119 GMT. US...

Oil steadies as investors focus on Ukraine, inventories and tariffs on India

2025-08-28 00:00:00

LONDON, Aug 27 (Reuters): Oil prices steadied on Wednesday as investors digested an industry report showing a drop in US crude and gasoline inventories and the potential impact of new US tariffs on India while watching for developments in the...