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iPhone China sales slide as Huawei soars

2024-03-07 00:00:00

BEIJING, Mar 06 (BBC): Sales in China of Apple's iPhone fell by 24 per cent in the first six weeks of 2024 compared to a year earlier, according to research firm Counterpoint.It comes as the US technology giant is facing...

Morgan Stanley cuts 9pc of China fund unit staff amid market rout

2024-03-07 00:00:00

HONG KONG, Mar 06 (Reuters): Morgan Stanley has laid off about 9 per cent of its staff at its asset management business unit in China, two people with direct knowledge of the matter said, as the country's spiralling stock market...

India's Nifty, Sensex resume rally to record highs

2024-03-07 00:00:00

BENGALURU, March 6 (Reuters): India's blue-chip indexes, Nifty 50 and Sensex hit fresh all-time highs on Wednesday, led by financials, while the broader and more domestically focussed small- and mid-caps declined.The blue-chip NSE Nifty 50, opens new tab rose 0.53...

Most Gulf markets in red ahead of key Fed Powell testimony

2024-03-07 00:00:00

Major stock markets in the Gulf fell in early trade on Wednesday ahead of congressional testimony from Federal Reserve Chair Jerome Powell to gauge the interest rate cut cycle, reports Reuters.Traders are scouring US economic data and policymakers' speeches to...

Norway's wealth fund pushes for more women on emerging market company boards

2024-03-07 00:00:00

OSLO, March 6 (Reuters): Norway's $1.6 trillion sovereign wealth fund, the world's largest, will call on emerging market companies in which it invests to appoint more women to their boards, top officials told Reuters, making the policy global for the...

Chinese investors rush abroad, hitting outbound investment limit

2024-03-07 00:00:00

HONG KONG/SHANGHAI, March 6 (Reuters): Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing's efforts to revive domestic markets and stabilise the yuan. The rush to invest...

Can China maintain growth and 'transform' its economy at the same time?

2024-03-07 00:00:00

BEIJING, March 6 (Reuters): Chinese Premier Li Qiang's vision for the country contains an inherent contradiction: his aim to "transform" the economic model may be incompatible with keeping growth rates steady at around 5 per cent.In his maiden work report...

NFL observeS Financial Literacy Day

2024-03-07 00:00:00

National Finance Limited (NFL) observed the Financial Literacy Day 2024. On the occasion, a discussion programme was organised with the customers at the NFL Principal Branch in the city on Wednesday.

Takaful Insurance holds investment committee meet

2024-03-07 00:00:00

The first meeting of the Investment Committee of Takaful Islami Insurance Limited was held in the city on Tuesday. Chairman of the investment committee Khandaker Mesbahuddin Ahmed presided over the meeting. Members of the investment committee of the company Tahmina...

SBC congratulates State Minister for Finance

2024-03-07 00:00:00

Sadharan Bima Corporation (SBC) has congratulated the newly appointed State Minister for Finance Waseqa Ayesha Khan at her ministry in the city recently. Chairman of the Board of Directors of Sadharan Bima Corporation Dulal Krishna Saha and Managing Director Md...

KGDCL INAUGURATES DATA CENTRE

2024-03-07 00:00:00

Karnaphuli Gas Distribution Co. Ltd. (KGDCL) inaugurated the data centre of ' Prepaid Gas Meter Installation Project' at Sholashahar in Chattogram on Wednesday. Minister of State for Power, Energy and Mineral Resources Nasrul Hamid was present as the chief guest...

UCB holds skill dev training for agri entrepreneurs

2024-03-07 00:00:00

The United Commercial Bank (UCB) recently held a skill development training programme for 240 selected agricultural entrepreneurs from Natore district. ATM Tahmiduzzaman, additional managing director and company secretary of UCB, attended the event as the chief guest. The training session,...

EBL opens Korea Business Desk

2024-03-07 00:00:00

Eastern Bank Limited (EBL) has launched a dedicated Korea Business Desk at its head office in Gulshan, Dhaka. The desk was inaugurated by Park Young-sik, the Ambassador of the Republic of Korea to Bangladesh, during a seminar co-sponsored by EBL...

Microsoft launches Centre of Excellence to boost Saudi workforce's digital skills

2024-03-07 00:00:00

RIYADH, Mar 06 (Arab News): The Saudi workforce is set to receive a digital skills boost after Microsoft announced a new Centre of Excellence, empowering professionals in the Kingdom. In collaboration with the Ministry of Communication and Information Technology, the...

Heidelberg Cement rebounds on higher product prices

FE REPORT | 2024-03-07 00:00:00

Heidelberg Cement came back strongly in 2023, overcoming the challenges stemming from high inflation, soaring energy costs coupled with a sharp devaluation of the taka against the dollar.The Germany-based cement maker secured a profit of Tk 460 million in 2023,...

Retailers' demand for T-bonds spikes, swaying brokers into action

MOHAMMAD MUFAZZAL | 2024-03-07 00:00:00

General investors show more interest in Treasury bonds now than even a few months ago, an outcome of the regulator's unwavering advocacy of risk-free government securities to diversify portfolios. It seems the access created by the capital market watchdog to...

Peru's PM quits after alleged audio leak

2024-03-07 00:00:00

LIMA, Mar 06 (Reuters): Peruvian Prime Minister Alberto Otarola said on Tuesday he had tendered his resignation after an audio recording came out over the weekend purporting to be of the official attempting to improperly influence government contracts.Otarola told media...

Man vaccinated for Covid 217 times reports no side effects

2024-03-07 00:00:00

PARIS, Mar 06 (AFP): A German man who deliberately got vaccinated for Covid-19 a whopping 217 times did not report any side effects from his many jabs, according to researchers studying possibly the "most vaccinated person in history".The immune system...

Ukrainian attacks sap Russia's Black Sea fleet power

2024-03-07 00:00:00

KYIV, Mar 06 (AP): Ukrainian sea drones reportedly sank another Russian warship in the Black Sea on Tuesday, the latest in a series of strikes that has crippled Moscow's naval capability and limited its operations with the war now in...

Surprise defeat for Biden in American Samoa

2024-03-07 00:00:00

NEW YORK, Mar 06 (BBC): Joe Biden has suffered his first defeat from an unlikely quarter as he cruises towards the Democratic nomination. His party's voters in the US territory of American Samoa chose Jason Palmer, a Baltimore businessman who...

Bhutto, hanged 44 yrs ago, didn't get fair trial

2024-03-07 00:00:00

ISLAMABAD, Mar 06 (Reuters): Pakistan's Supreme Court ruled on Wednesday that former Prime Minister Zulfikar Ali Bhutto, who was hanged 44 years ago after being convicted of murder, didn't get a fair trial.Bhutto, the founder of the Pakistan Peoples Party...

Sudan's war risks creating world's largest hunger crisis

2024-03-07 00:00:00

CAIRO, Mar 06 (AP): A ruinous war raging for about a year between rival generals in Sudan risks creating the world's largest hunger crisis, the top U.N. food official warned Wednesday, as the global attention has been focused on the...

Hamas will negotiate until accord reached

2024-03-07 00:00:00

CAIRO, Mar 06 (Reuters): The Palestinian militant group Hamas said on Wednesday in a statement they will continue negotiating through mediators until they reach a ceasefire agreement with the Israelis."We are showing the required flexibility in order to reach a...

Spain prosecutors seek jail term for Madrid coach Ancelotti in tax case

2024-03-07 00:00:00

MADRID, Mar 06 (AFP): Spanish prosecutors on Wednesday called for Real Madrid coach Carlo Ancelotti to be jailed for four years and nine months for allegedly failing to declare earnings to the tax office.Madrid state prosecutor's office accused the 64-year-old...

Wood replaces Robinson for England, Rohit hails milestone man Ashwin

2024-03-07 00:00:00

DHARAMSALA, India, Mar 06 (Reuters): England recalled fast bowler Mark Wood in the lone change to their side as they chase a consolation victory in the final Test against India beginning in Dharamsala on Thursday.Seamer Ollie Robinson lose his place...

Premier Division Hockey League begins today

2024-03-07 00:00:00

The 11-team Green Delta Insurance Metropolis Premier Division Hockey League' 2023–24 season will begin today (Thursday) at the Moulana Bhasani National Hockey Stadium in the city, reports UNB.The Club Cup Champions Dhaka Mariner Youngs Club will play old Dhaka hockey...

Shabnim Ismail bowls fastest delivery in women's cricket

2024-03-07 00:00:00

NEW DELHI, Mar 06 (Reuters): Mumbai Indians' Shabnim Ismail bowled the fastest delivery in women's cricket on Tuesday with a 132.1kph ball that thudded into the pads of Delhi Capitals captain Meg Lanning in their Women's Premier League (WPL) match.South...

Australian bowlers out to dampen Williamson's 100th Test

2024-03-07 00:00:00

WELLINGTON, March 6, 2024 (BSS/AFP) - Seamer Mitchell Starc said Australia's bowlers aim to ensure New Zealand world-class batsman Kane Williamson doesn't stay long at the crease on his 100th Test appearance.New Zealand host Australia in Christchurch when the second...

Mbappe double fires PSG into Champions League quarters

2024-03-07 00:00:00

SAN SEBASTIAN, Spain, Mar 06 (AP): Kylian Mbappé led Paris Saint-Germain back to the Champions League quarterfinals on Tuesday, scoring both goals in a 2-1 win over Real Sociedad that kept alive the French club's hopes of winning the European...

Bangladesh's Taskin Ahmed celebrating

2024-03-07 00:00:00

Bangladesh's Taskin Ahmed celebrating after the dismissal of Sri Lanka's Avishka Fernando during the second Twenty20 international match at the Sylhet International Cricket Stadium in Sylhet on Wednesday — AFP