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Adidas posts first loss in 30 years

2024-03-14 00:00:00

HERZOGENAURACH, Germany, Mar 13 (Reuters): German sportswear giant Adidas posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the US struggle with high inventories.Adidas...

Indonesian state banks to provide $1.84b of loans to secure food supplies

2024-03-14 00:00:00

JAKARTA, Mar 13 (Reuters): Indonesian state banks will provide loans subsidised by the government to food procurement companies to ensure adequate supplies of rice and other staples, as harvests were disrupted by prolonged dry weather, an official said on Wednesday.State...

JAMUNA BANK'S FINANCIAL LITERACY PROGRAMME

2024-03-14 00:00:00

Jamuna Bank recently organised a financial education programme to promote financial literacy at Jessore Collectorate School. The goal was to teach students essential financial knowledge and skills, and to encourage responsible financial management. Senior officials from Jamuna Bank's corporate office,...

TRUST BANK SIGNS MOU WITH APOLLO MULTISPECIALITY HOSPITAL

2024-03-14 00:00:00

An MoU has been signed between Trust Bank Limited and Apollo Multispeciality Hospital, Kolkata, recently. Md Mostafa Musharrof, head of Card Division, Trust Bank, and Rana Dasgupta, Chief Executive Officer of the hospital, signed the MoU. Deputy Managing Director &...

MIDLAND BANK, THE STATE IT SIGN MOU

2024-03-14 00:00:00

A Memorandum of Understanding (MoU) was signed between Midland Bank and The State IT at the corporate head office of the bank at Gulshan in Dhaka recently. The State IT is a first-class contractor engaged in the supply and installation...

ISLAMI BANK SECURITIES HOLDS AGM -

2024-03-14 00:00:00

Islami Bank Securities Limited (IBSL) organised its 14th Annual General Meeting recently. Mohammed Nasir Uddin, Chairman of IBSL, presided over the meeting. Directors Prof Dr. Md. Sirajul Karim, Syed Abu Asad, Mohammed Monirul Moula, J.Q.M. Habibullah, Taher Ahmed Chowdhury and...

BB to resume publishing key banking data

FE REPORT | 2024-03-14 00:00:00

The Bangladesh Bank (BB) has decided to resume publishing some key data on the financial health of banks, including interest rates and spreads, according to sources at the central bank.For the past five months, BB has not been publishing this...

S African businessmen see potential in BD's jewellery industry

FE REPORT | 2024-03-14 00:00:00

A visiting business delegation from South Africa met with the Bangladesh Jewellers Association (BAJUS) in the capital on Wednesday.The businessmen expressed interest in investing in Bangladesh's jewellery sector, citing its "huge potential", said a BAJUS press release. The press release...

Japan urged to invest in tourism sector

FE REPORT | 2024-03-14 00:00:00

Civil Aviation and Tourism Minister Muhammad Faruk Khan has invited Japan to invest in the tourism industry of Bangladesh for its development.He sought Japanese investment during a meeting with Japanese Ambassador to Bangladesh Iwama Kiminori at the secretariat in the...

HmAC opens new office

2024-03-14 00:00:00

Howlader Maria & Co (HmAC), a leading chartered accountancy firm, has opened its new office space at Banani in the city recently, says a press release. Iwama Kiminori, Ambassador of Japan to Bangladesh, was present at the opening ceremony as...

PKSF working to enhance resilience of communities affected by drought

FE REPORT | 2024-03-14 00:00:00

The Palli Karma-Sahayak Foundation (PKSF) has been working to strengthen the resilience among drought-affected communities in the Barind region of Bangladesh under a project.To implement the project at the grass roots, the PKSF on Wednesday inked agreements with 18 local...

Copper soars to 7-month high on Chinese plans to cut output

2024-03-14 00:00:00

LONDON Mar 13 (Reuters): Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world's mined copper, agreed on a joint production cut.Benchmark three-month copper on the London Metal Exchange (LME)...

Gold firms as June rate cut bets still intact

2024-03-14 00:00:00

Gold prices edged higher on Wednesday after dropping more than 1 per cent in the previous session, as investors digested hotter-than-expected US inflation data and still banked on a Federal Reserve interest rate cut in June, reports Reuters.Spot gold edged...

Russian wheat export prices fall again

2024-03-14 00:00:00

MOSCOW, Mar 13 (Reuters): Russian wheat export prices fell last week on continuing high supply in the world market, but analysts forecast significant growth in shipments from Russia in March.The price of 12.5 per cent protein Russian wheat scheduled for...

Oil rises 2pc on Russian refinery attacks and strong demand

2024-03-14 00:00:00

LONDON, Mar 13 (Reuters): Oil prices rose about 2 per cent on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian refineries, signs of strong demand and hopes that the Federal Reserve might start cutting interest rates soon...

Three illegal brick kilns fined Tk 0.3m in Bhola

2024-03-14 00:00:00

BHOLA, Mar 13 (BSS): A mobile court in a drive here realised Taka 0.3 million (three lakh) as fine from the owners of three brick kilns for manufacturing bricks without permission of the Department of Environment and various other irregularities...

Recruitment 'anomaly' at IU: Conversation between pro-VC, official goes viral

2024-03-14 00:00:00

ISLAMIC UNIVERSITY, Mar 13 (UNB): A general diary (GD) has been filed with Islamic University (IU) police station after the WhatsApp conversation between the university's pro-vice-chancellor Professor M Mahbubur Rahman and its deputy registrar (admin) Chandan Kumar Das went viral...

Five get life term for smuggling gold in Manikganj

2024-03-14 00:00:00

MANIKGANJ, Mar 13 (BSS): A court here on Wednesday sentenced five members of a gold smuggling group to life-term imprisonment for smuggling gold in Manikganj.The court also fined the convicts Taka 50 thousand each, in default, to serve one year...

Late budding worries mango farmers in Rajshahi

OUR CORRESPONDENT | 2024-03-14 00:00:00

RAJSHAHI, Mar 13: Mango trees are yet to produce buds fully in Rajshahi region to the farmers' great disappointment though the blossoming season has pretty well arrived by this time. Officials at the Rajshahi Fruit Research Institute attributed this condition...

Al-Hilal set record for consecutive victories with 28th win

2024-03-14 00:00:00

Saudi Pro League side Al-Hilal have set a world record for consecutive victories by a top-flight team after beating Al-Ittihad 2-0 in the Asian Champions league quarter-finals on Tuesday for a 28th straight win, reports Reuters.Jorge Jesus' side beat the...

India's Ashwin rises to No. 1 in Test bowling rankings

2024-03-14 00:00:00

NEW DELHI, Mar 13 (Reuters): India's Ravichandran Ashwin reclaimed the top spot in the Test bowler's rankings on Wednesday following his nine-wicket haul in the fifth and final test against England last week.It was a memorable 100th test match in...

PCB announces schedule for New Zealand T20 series

2024-03-14 00:00:00

KARACHI, Mar 13 (Agencies): Pakistan's cricket board on Wednesday released an itinerary for New Zealand's five-match Twenty20 international tour next month, as both sides prepare for the World Cup in June.The Black Caps will arrive in Islamabad on April 14...

Alcaraz, Sinner cruise into Indian Wells quarter-finals

2024-03-14 00:00:00

INDIAN WELLS, United States, Mar 13 (AFP): Defending champion Carlos Alcaraz and Italian rival Jannik Sinner remained on course for a semi-final showdown after cruising into the last eight of the ATP-WTA Indian Wells Masters on Tuesday.Alcaraz sailed into the...

Winners of various age-groups’ sports event titled 'Dress as You Like' posing at the prize distribution ceremony

2024-03-14 00:00:00

Winners of various age-groups’ sports event titled 'Dress as You Like' posing at the prize distribution ceremony for the annual sports day-2024 of GPH International School held at the school's adjacent grounds in Munshiganj recently. Shykh Seraj, a prominent media...

Aminul set to become 1st B'deshi boxer to compete in S Korea

2024-03-14 00:00:00

Bangladesh is poised to make an indelible mark on the international boxing stage as Aminul Islam, a trailblazer from Xcel Sports Promotion, is set to participate in the "Rings of Champions" boxing event. This landmark engagement will take place at...

Bangladesh's Tanzim Hasan Sakib celebrating after taking the wicket

2024-03-14 00:00:00

Bangladesh's Tanzim Hasan Sakib celebrating after taking the wicket of Sri Lanka's Sadeera Samarawickrama (L) during the first ODI match at the Zahur Ahmed Chowdhury Stadium in Chattogram on Wednesday — BCB

News in Brief-(2024-03-14)

2024-03-14 00:00:00

Gaza war death toll at least 31,272GAZA STRIP, Mar 13: The health ministry in Hamas-run Gaza said Wednesday that at least 31,272 people have been killed in the territory during more than five months of war between Israel and Palestinian...

Philippines ignores S China Sea proposal, says Beijing

2024-03-14 00:00:00

BEIJING, Mar 13 (BBC): China says the Philippines ignored proposals it put forward to "manage" their dispute in the South China Sea. An unnamed senior Chinese official told news outlet the Manila Times that the deal was "met with inaction...

Japan's private sector rocket explodes after takeoff

2024-03-14 00:00:00

TOKYO, Mar 13 (AP): A rocket touted as Japan's first from the private sector to go into orbit exploded shortly after takeoff Wednesday, livestreamed video showed.Online video showed the rocket called Kairos blasting off from Wakayama Prefecture, in central Japan,...

Kishida grilled over ‘swimsuits dancers’ at party meet

2024-03-14 00:00:00

TOKYO, Mar 13 (AFP): Japan's Prime Minister Fumio Kishida was grilled by lawmakers on Wednesday about a gathering of ruling party members at which scantily clad female dancers were reportedly told to use their mouths to receive cash tips.Footage leaked...