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Pentagon takes stake in US rare earth company

2025-07-12 00:00:00

NEW YORK, July 11 (AFP): A US rare earth company announced Thursday an agreement with the Pentagon granting the government a stake in the venture in exchange for billions of dollars to finance additional manufacturing.Las Vegas-based MP Materials described the...

US bank profits to climb on stronger trading, investment banking

2025-07-12 00:00:00

NEW YORK, July 11 (Reuters): Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.When JPMorgan Chase, Citigroup and Wells Fargo kick off second-quarter earnings on Tuesday, investors...

Oil edges higher as investors weigh market outlook

2025-07-12 00:00:00

LONDON, July 11 (Reuters): Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, according to the International Energy Agency, while US tariffs and possible further sanctions on Russia were...

Australian basketball first as man charged over online racist abuse

2025-07-12 00:00:00

ADELAIDE, Australia, July 11, (AFP): A man has been charged with racially abusing a high-profile basketball player via social media in what officials said Friday was a first for the sport in Australia.Police arrested the 37-year-old earlier this month after...

Spurs sign Kudus with Gibbs-White set to follow

2025-07-12 00:00:00

LONDON, July 11 (AFP): Tottenham have signed Mohammed Kudus from West Ham and are set to capture Nottingham Forest's Morgan Gibbs-White in a double swoop worth over £100 million ($136 million).Kudus became the first player since 2011 to make the...

Bangladesh go down fighting 6-4 to Japan in semifinal

2025-07-12 00:00:00

DHAKA, July 11 (BSS): Bangladesh suffered a 6-4 goals defeat to strong Japan in the first semi-final of Men's U-18 Asia Cup Hockey held at Dazhou National Hockey Training Centre in China on Friday.Despite taking 2-0 lead in the first...

Djokovic faces Sinner in Wimbledon blockbuster, Alcaraz takes on Fritz

2025-07-12 00:00:00

LONDON, July 11, (AFP): Novak Djokovic puts his bid for Grand Slam history on the line at Wimbledon on Friday when he faces world number one Jannik Sinner in a blockbuster semi-final, while defending champion Carlos Alcaraz meets Taylor Fritz.As...

Rishabh Pant not playing on Day 2 of England-India Test because of injured finger

2025-07-12 00:00:00

India wicketkeeper Rishabh Pant did not take the field on the second day of the third Test against England at Lord's, after sustaining an injury to his left index finger, reports AP.The Indian team confirmed in a brief statement on...

Bumrah's treble strike rocks England in third Test

2025-07-12 00:00:00

LONDON, July 11, 2025 (AFP): Jasprit Bumrah took three wickets for one run in seven balls, including the prize scalps of England captain Ben Stokes and century-maker Joe Root, as India took control of the third Test at Lord's on...

Inability to bat deep hurt us: Liton

2025-07-12 00:00:00

Bangladesh captain Liton Das said the inability to prolong the innings hurt them in the first T20 against Sri Lanka, which they lost by seven wickets at Pallekele International Cricket Stadium on Friday, reports BSS.Despite getting a good start from...

Bangladesh start SAFF U-20 with massive 9-1 win vs Sri Lanka

2025-07-12 00:00:00

Sagorika's brilliant hat-trick took defending champions Bangladesh off to a flying start in the South Asian Football Federation (SAFF) U-20 Women's Championship 2025 on Friday, reports BSS.Bangladesh women blew Sri Lanka away 9-1 in their first match of the four-nation...

ECB should be in no rush to cut rates, board member says

2025-07-12 00:00:00

FRANKFURT, Germany, July 11 (AFP): The European Central Bank should be in no hurry to again cut interest rates in the near future, ECB executive board member Isabel Schnabel said in an interview published Friday."We are in a good place,"...

China's economy likely grew 5.2pc in Q2 despite trade war

2025-07-12 00:00:00

BEIJING, July 11, 2025 (BSS/AFP) - China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp slowdown in...

A fire broke out at Zant Accessories factory in KEPZ

2025-07-12 00:00:00

A fire broke out at Zant Accessories factory in Karnaphuli Export Processing Zone (KEPZ) in Chattogram's Patenga area on Friday afternoon, but it was quickly brought under control — Focus Bangla

Benapole Customs House opens on weekend to accelerate trade flow

2025-07-12 00:00:00

BENAPOLE, Jul 11 (UNB): Despite Friday being a weekend, Benapole Customs House opened to ensure uninterrupted import-export operations as per directive from the National Board of Revenue (NBR).The move comes following a directive from the NBR, which instructed customs houses...

Unifa Accessories to invest $48.66 million in BEPZA Economic Zone

2025-07-12 00:00:00

Unifa Accessories (BD) Co. Ltd., a China-British Virgin Islands-owned company, is set to invest $48.66 million to establish a bag and fashion accessories manufacturing facility in the BEPZA Economic Zone (BEPZA EZ) at Mirsharai in Chattogram, reports BSS.An agreement to...

MoU inked to promote Dhaka-Bangkok trade

2025-07-12 00:00:00

Bangladesh-Thai Chamber of Commerce & Industry (BTCCI) has recently signed a Memorandum of Understanding (MoU) with Thai-Bangladesh Chamber of Commerce (TBCC), Thailand to foster closer cooperation between the members of both organisations, reports UNB.Shams Mahmud, president of BTCCI and Shahjada...

BTRC to use SOF fund to keep mobile networks operational in flood zones

FE REPORT | 2025-07-12 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) will bear part of the fuel expenses for running generators to keep mobile networks operational in flood-affected areas of Feni, Noakhali, and Cumilla. The decision comes amid severe flooding caused by heavy rains and...

Global equity funds draw second weekly inflow on AI rally, tariff delay

2025-07-12 00:00:00

Global equity funds drew inflows for a second consecutive week in the seven days to July 9, boosted by a rally in AI-linked stocks and expectations that pushing the US tariff rollout to August could positively affect ongoing trade talks,...

Global stocks fall after Trump sets tariff sights on Canada

2025-07-12 00:00:00

SYDNEY/LONDON, July 11 (Reuters): Global stocks fell on Friday after US President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like gold, while bitcoin...

Levi’s shares jump after forecast on strong denim demand

2025-07-12 00:00:00

Levi Strauss shares surged more than 7 per cent in premarket trading on Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from...

Nvidia becomes first company to reach $4tn in market value

2025-07-12 00:00:00

Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology, reports Reuters.Shares of Nvidia ended up 0.75%...

Stocks log biggest single-week gain in 10 months

FE REPORT | 2025-07-12 00:00:00

The benchmark index of the Dhaka Stock Exchange (DSEX) surged 3.56 per cent this week, marking its biggest weekly gain in 10 months, as investor sentiment remained buoyant despite concerns over US tariff hikes.The rally came amid fears surrounding the...

Mental health centre in name only

2025-07-12 00:00:00

Mental health, like physical health, is an essential part of leading a good and meaningful life. Yet, it is overlooked, especially among youth at universities. At Jagannath University (JnU), mental health support centre exists only on paper. Today, university students...

Media reform and journalism

Tanim Asjad | 2025-07-12 00:00:00

One of the most significant outcomes of the student-led mass uprising in July last year has been the substantial improvement in the media space, providing a much-needed breathing space for the mass media and opening the window of professional journalism...

Why viva voce for secondary education is needed

Syed Muhammed Showaib | 2025-07-12 00:00:00

How profoundly examination systems shape students' intellectual and personal growth is no common knowledge. But meaningful reforms in student assessment can work wonder. Today's education system in Bangladesh is the last thing to produce confident, articulate individuals. As students graduate...

Capital market calls for massive reform

2025-07-12 00:00:00

The importance of the capital market, which acts as a bridge between the savers and those looking for capital such as businesses as well as governments, cannot be overstated. In fact, it helps channel savings into productive investments. Unfortunately, in...

Trade shock and policy response

Golam Rasul | 2025-07-12 00:00:00

Trade has long been a cornerstone of economic development and international diplomacy. By enabling the exchange of goods, services, and resources, it allows nations to specialise based on comparative advantage-driving efficiency, productivity, and improved living standards. From the ancient Silk...

No peace through concession -- only struggle secures Tomorrow

Yao Wen | 2025-07-12 00:00:00

On July 7, the United States once again wielded the tariff stick, imposing so-called "reciprocal tariffs" on 14 of its trading partners, including Bangladesh. By conducting such unilateral bullying behavior, the U.S. putsits selfish gains over the global public good,...

Weather (2025-07-11)

2025-07-11 00:00:00

Light to moderate rain accompanied by temporary gusty wind is likely to occur at most places over Rajshahi, Dhaka, Khulna, Barishal and Chattogram divisions in the next 24 hours from 06:00 am today (Friday). Day and night temperature may rise...