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Stocks rebound on back of regulatory measures

FE REPORT | 2024-08-31 00:00:00

The equity benchmark index bounced back in the outgoing week after two weeks of losses, as buoyant investors put fresh bets on shares, riding on renewed optimism spurred by market supportive measures.This week, the regulator took a series of actions,...

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

2024-08-31 00:00:00

FRANKFURT, Germany (AP): Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S. Federal Reserve...

Meghna Life AGM approves 15 per cent diviend

2024-08-31 00:00:00

The 28th Annual General Meeting (AGM) of Meghna Life Insurance Company Limited was held on a digital platform on Thursday with the company's Chairman Nizam Uddin Ahmed in the chair, says the company in a statement.The AGM approved 15 per...

Hilsa scarcity hits Khulna markets despite peak season; prices soar

2024-08-31 00:00:00

Khulna, Aug 30 (UNB): Despite the ongoing peak season for hilsa, the prized fish is conspicuously absent from Khulna's markets, leaving both buyers and sellers in a difficult situation.Prices have skyrocketed, making it increasingly difficult for ordinary consumers to afford...

Garment industry short on cotton as floods worsen protest backlog

2024-08-31 00:00:00

Garment factories in Bangladesh, one of the world's biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil, reports Reuters.Bangladesh is a leading global...

Vietnam Diary

Jackie Kabir | 2024-08-31 00:00:00

As I drive through Gulshan road 24 everyday, the big posters of vast paddy fields, a winding bridge held by two gigantic palms and a water body with sprouting mossy hills allure me to visit the places. They are all...

Insatiable craving for money and power is at the root of all evils

Nilratan Halder | 2024-08-31 00:00:00

In his seminal novel, Lord of the Flies, William Golding has shown how innocence transforms into crudity, generosity into selfishness, cooperation into conflict and peaceful cohabitation and camaraderie into domination and supreme authority. What begins as a genuine expression of...

Rashid Khan takes a break from Test cricket on medical advice

2024-08-31 00:00:00

Afghanistan legspinner Rashid Khan has taken a break from Test cricket on medical advice because of an "ongoing injury issue". He was hence not part of the 20-member preliminary Test squad to face New Zealand in the one-off Test in...

BCB to appoint audit firm for probe into possible irregularities

2024-08-31 00:00:00

Bangladesh Cricket Board (BCB) president Faruque Ahmed has said the board is actively considering appointing an audit firm to investigate potential irregularities during the tenure of former president Nazmul Hasan Papon, reports UNB.Faruque, the newly appointed BCB president, presided over...

Two-time champion Osaka falls to Muchova at US Open

2024-08-31 00:00:00

NEW YORK, Aug 30 (AFP): Naomi Osaka's return to the US Open ended in the second round on Thursday, but the two time champion said she felt "grateful" as she departed in the wake of a straight-sets loss to Karolina...

Incessant rain washes out opening day of second Test

2024-08-31 00:00:00

Persistent rain allowed no play, not even the toss, on the first day of the second Test between Pakistan and Bangladesh in Rawalpindi. The umpires had an inspection at noon, even though the rain had not stopped, and called it...

Bangladesh team reach Thimphu

2024-08-31 00:00:00

Bangladesh National Football team reached Bhutanese capital Thimphu on Friday to play two FIFA International Friendlies against hosts Bhutan on September 05 and 08, reports UNB.Earlier, Bangladesh Football team left Dhaka for Thimphu.The Spanish Head Coach of Bangladesh National Football...

BCB director Shafiul Alam Chowdhury Nadel resigns

2024-08-31 00:00:00

Bangladesh Cricket Board (BCB) director and chairman of the Women's Cricket Committee Shafiul Alam Chowdhury Nadel resigned from the post during the board meeting on Thursday, reports UNB. The newly elected BCB President, Faruque Ahmed, chaired the board meeting.Nadel is...

News in Brief -2024-08-31

2024-08-31 00:00:00

Russian attack kills two, injures 11 in Ukraine's SumyKYIV, Aug 30: A Russian attack overnight damaged a factory in Ukraine's northern city of Sumy, killed two women and injured at least 11 people, Ukrainian authorities said on Friday. Ukraine's Prosecutor...

Israel, Hamas set pauses in fighting for Gaza polio vaccinations

2024-08-31 00:00:00

UNITED NATIONS, Aug 30 (Reuters): Israel's military and Palestinian militant group Hamas have agreed to three separate, zoned three-day pauses in fighting in Gaza to allow for the first round of vaccination of 640,000 children against polio, a senior WHO...

Harris vows tougher approach on migration, supports weapons for Israel

2024-08-31 00:00:00

WASHINGTON, Aug 30 (Reuters/BBC): Kamala Harris vowed a tougher approach to migration along the US southern border and said she would not withhold weapons to Israel, in her first interview with a major news organization since becoming the Democratic nominee...

Pacific Islands to boost regional policing after leaders’ meeting

2024-08-31 00:00:00

SYDNEY, Aug 30 (Reuters): The Pacific Islands Forum has endorsed a plan to boost police numbers among its members, cutting the need to rely on external forces in a crisis, with China security ally Solomon Islands supporting the Australian-funded initiative...

Politicising flood serves no purpose

2024-08-31 00:00:00

The recent clamour in Bangladesh over India causing floods by releasing water from its dams has been debunked by credible fact-checking sources, including DW. It confirmed that many of the videos allegedly showing water releases from the Dumbur Dam were,...

Extending tenure of interim government

2024-08-31 00:00:00

The interim government is currently focused on overhauling the entire system. As time progresses, the extent of the irregularities plaguing our state-owned institutions is becoming increasingly apparent. Addressing these issues is a lengthy process. Recently, people from various sectors have...

Relief work is no adventure

Tanim Asjad | 2024-08-31 00:00:00

It is heartening to find that hundreds and thousands of people, especially younger ones, have joined their hands to mobilise relief materials for the flood-affected people in the country's south-eastern part. People enthusiastically donate money, clothes, dry foods, bottled water,...

Reversing decline in life expectancy

2024-08-31 00:00:00

Life expectancy at birth predicts how long a newborn baby is expected to live. Obviously, such predictability in large measure depends on the overall health condition of the population in question. Admittedly, the healthier a population is the greater the...

Recovering BD's stolen wealth: it's time for action

Washim Ahmed from Toronto, Canada | 2024-08-31 00:00:00

In early 2020, Bangladesh was thrust into the global spotlight as several high-profile financial crimes came to light, igniting widespread outrage across the nation and among the Bangladeshi diaspora abroad, particularly in Canada. While money laundering and illicit money transfers...

Insights into Nazrul's life and works

Asjadul Kibria | 2024-08-30 12:00:00

It was the time of explosion in British India and anti-British movements were getting in high gear across the sub-continent. Bengal was no exception. As series of events like the Jalianwallah Bag massacre in 1919, Khilafat Movement in 1920 and...

Saudi Arabia's real estate transactions surge 38pc

2024-08-30 00:00:00

RIYADH, Aug 29 (Arab News): Saudi Arabia witnessed a 38 per cent rise in real estate transactions during the first half of the year, reaching 106,700 deals with a total value of around SR127.3 billion ($33.9 billion), according to Knight...

German inflation falls below 2pc for first time since 2021

2024-08-30 00:00:00

FRANKFURT, Aug 29 (AFP): German inflation fell to its lowest level in more than three years in August, official data showed Thursday, strengthening the case for another interest rate cut by the European Central Bank next month.The annual inflation rate...

S Lankan president defends IMF bailout in campaign launch

2024-08-30 00:00:00

COLOMBO, Aug 29 (AFP): Sri Lanka had no option but to agree to an International Monetary Fund bailout that required tough austerity measures, President Ranil Wickremesinghe said Thursday as he launched his re-election campaign.An unprecedented economic crisis two years ago...

US funding yielded hundreds of patents for China-based researchers

2024-08-30 00:00:00

WASHINGTON, Aug 29 (Reuters): The US Defence Department, NASA and other government agencies funded research that led to more than 1,000 US patents for China-based inventors since 2010, including in sensitive fields such as biotechnology and semiconductors, data from the...

ABC Group donates one day's salary to Chief Adviser’s Relief and Welfare Fund

2024-08-30 00:00:00

Directors and employees of ABC Group, a renowned organisation of construction industry, have recently donated their one day's salary to the Chief Adviser’s Relief and Welfare Fund for flood victims and also distributed Emergency Relief Supplies through the armed forces.

Employees of ICB have donated their one-day salary to the relief and welfare fund of the Chief Advisor

2024-08-30 00:00:00

In order to help and rehabilitate the people affected by the flood, the employees of ICB have donated their one-day salary to the relief and welfare fund of the Chief Advisor. Md. Anwar Shamim, General Manager of ICB, handed over...

Islami Bank holds board meeting --

2024-08-30 00:00:00

A meeting of the Board of Directors of Islami Bank Bangladesh PLC was held on Thursday at Islami Bank Tower. Md. Obayed Ullah Al Masud, Chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, Md. Abdul Jalil, Professor...