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Impact on commodities due to chaos in the Red Sea

2024-02-04 00:00:00

Attacks on shipping vessels by Iranian-backed Houthi rebels in the crucial Red Sea shipping lane have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, reports Reuters.Data from S&P Global showed the Suez Canal route...

US drillers cut oil, gas rigs to 619

2024-02-04 00:00:00

US energy firms in the week to February 2 cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday, reports...

Soybean, corn futures end lower as jobs data lifts US dollar

2024-02-04 00:00:00

CHICAGO, Feb 3 (Reuters): Chicago Board of Trade soybean futures fell to a two-year low on Friday and corn also declined as the dollar soared after a much stronger-than-expected monthly US jobs report reduced expectations of near-term Federal Reserve interest...

India raises windfall tax on petroleum crude

2024-02-04 00:00:00

NEW DELHI, Feb 3 (Reuters): India raised its windfall tax on petroleum crude to 3,200 rupees/tonne from 1,700 rupees from Saturday while keeping the windfall tax on diesel and aviation turbine fuel at zero, the government said late on Friday.On...

LME targets Hong Kong as option for warehouse expansion

2024-02-04 00:00:00

LONDON, Feb 3 (Reuters): The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door to mainland...

China to develop high-yielding crops to raise food supply

2024-02-04 00:00:00

SHANGHAI, Feb 3 (Reuters): China will develop high-oil and high-yielding crop varieties to raise production, state media reported on Saturday, citing a key rural policy document, as Beijing pushes for greater use of bio-technology and mechanisation to secure food security.The...

Orange Corners Bangladesh onboards second cohort of startups

FE Youth Desk | 2024-02-04 00:00:00

Orange Corners, a global initiative by the Ministry of Foreign Affairs of the Netherlands, is making significant strides in empowering young entrepreneurs in Bangladesh. Commissioned by the Embassy of the Kingdom of the Netherlands in Bangladesh in partnership with the...

Embracing creative visions

Tanvin Kayes | 2024-02-04 00:00:00

In the ethereal realm of photography, where moments are immortalised with the click of a shutter, the Bangladesh Youth Photography Exhibit, Season 2, is set to unfold. Orchestrated by Glory Photography Ltd, this event is a testament to the inexhaustible...

Bangladeshi team shines at the 5th International Rover Challenge 2024

2024-02-04 00:00:00

Nayeb HasinIn a thrilling display of innovation and perseverance, Project Altair, a team representing Bangladesh, showcased their prowess at the 5th International Rover Challenge 2024 held at PSG Institute of Technology and Applied Research in Coimbatore, Tamil Nadu, India. Organised...

Unleashing the startup saga in 2024

2024-02-04 00:00:00

Year 2024, the Year of the Dragon, is set to bring strength, courage, and good fortune. The startup world is no exception. As global economic conditions continue to change, the startup economy encounters a fluid landscape navigating through unique challenges...

Lionel Messi mania hits Hong Kong

2024-02-04 00:00:00

HONG KONG, Feb 03 (AFP): Tens of thousands of football fans turned out to see Lionel Messi train with his Inter Miami teammates in Hong Kong on Saturday, as "Messi mania" took hold of the city.Police closed off streets around...

Barishal stun high-flying Khulna with late surge for unlikely win in BPL

2024-02-04 00:00:00

Facing the improbable task of securing 37 runs from the final 12 balls, a victory seemed unlikely for Fortune Barishal, even with half of their wickets in hand. Still, they achieved it in style, with Mehidy Hasan Miraz and Shoaib...

Taskin requests not to be considered for Test cricket

2024-02-04 00:00:00

Bangladesh pace bowler Taskin Ahmed is all set to quit Test cricket due to his prolonged injury as he wants to focus on white-ball cricket, reports Cricbuzz.Taskin had already sent a letter to Bangladesh Cricket Board (BCB) in this regard...

Sri Lanka to tour in March, play WTC matches, ODIs, T20s in Sylhet, Ctg

2024-02-04 00:00:00

Bangladesh is set to host Sri Lanka for two matches in the World Test Championship in March, apart from three ODIs and as many T20s, but it comes with a big twist, report agencies.Every single of these matches will take...

Turtles wash up dead on Cox's Bazar beach

OUR CORRESPONDENT | 2024-02-04 00:00:00

COX'S BAZAR, Feb 03: Sea turtles are washing up dead frequently on the Cox's Bazar beach nowadays. Some 11 carcasses of turtles were recovered from the beach recently.On Friday (February 2), the dead body of a turtle was found lying...

Clash over land leaves man dead in Kurigram

2024-02-04 00:00:00

KURIGRAM, Feb 03 (UNB): A 58-year-old man was allegedly beaten to death by his rivals over a land dispute in Ulipur upazila of Kurigram on Saturday noon.The deceased was identified as Nur Hossain, a resident of Maltibari village under Dharnibari...

Father, son die as train runs them over in Tangail

2024-02-04 00:00:00

TANGAIL, Feb 03: Three people including a man and his child, who were walking around the rail track, were run over by a train at Analiabari in Kalihati upazila of Tangail district on Friday night.The identities of the deceased could...

M’singh road accident kills two RMG workers

2024-02-04 00:00:00

Two workers of a readymade garment (RMG) factory were killed in Mymensingh district and five personnel of Bangladesh Air Force (BAF) were injured in Chattogarm district on Saturday, reports agencies.In Mymensingh, two garment workers have been killed after an auto-rickshaw...

Late blight disease dampens potato prospects for Gaibandha,Chandpur

2024-02-04 00:00:00

OUR CORRESPONDENTSGetting fairly better prices than usual last season, farmers leaned towards potato cultivation on a larger scale this year but widespread attack of late blight disease in their fields shattered their hope even for a satisfactory yield. In Gaibandha...

World food price index falls near 3-yr lows in Jan: FAO

2024-02-03 00:00:00

LONDON, Feb 2 (Reuters) - The United Nations food agency's world price index fell in January to its lowest level in nearly three years, driven by declines in cereals and meat.The Food and Agriculture Organization's (FAO) price index, which tracks...

1,200 volunteers clean up Paris Canal in Mirpur

2024-02-03 00:00:00

As many as 1,200 volunteers have joined a drive to remove waste from the Paris Canal in Mirpur under an initiative taken by Dhaka North City Corporation in a bid to ease waterlogging, reports bdnews24.com.Mayor Md Atiqul Islam administered an...

34,000 tonnes of potatoes to be imported from India

2024-02-03 00:00:00

HILI (Dinajpur), Feb 2 (UNB): Aiming to rein in the runaway price of potatoes, the government has approved the import of 34,000 tonnes of the potatoes through the Hili landport from India.Yusuf Ali, deputy assistant officer of the plant contamination...

Hajj registration deadline extended again till Feb 6

2024-02-03 00:00:00

FE REPORT The government has extended the hajj-registration deadline for five more days for the last time under special consideration."The registration period for hajj through both public and private agencies has been extended till February 6, 2024 for the last...

First phase of Biswa Ijtema begins, six die

2024-02-03 00:00:00

GAZIPUR, Feb 2 (UNB): The first phase of the 57th Biswa Ijtema began on Friday after the Fazr prayer along the banks of the Turag River in Tongi of Gazipur.Maulana Ahmad Buttullah of Pakistan gave the opening sermon (Ambayan) at...

Tk 93b sugar mill bond stuck in red tape

FE REPORT | 2024-02-03 00:00:00

The issuance of a state bond against Bangladesh Sugar and Food Industries Corporation (BSFIC) dues worth Tk 93 billion is caught in a bureaucratic quagmire, sources say.Despite a formal request from the Financial Institutions Division (FID) prompted by an 11-member...

Briefing 2024-02-03

2024-02-03 00:00:00

Stocks rebound on earnings optimism The benchmark equity index rebounded in the outgoing week from a sharp fall in the previous week, as bargain hunters snapped up lucrative stocks that saw deep correction following the floor price removal. Higher-than-expected quarterly...

Tk 8tn budget likely with 6.9pc GDP growth target

2024-02-03 00:00:00

The government is preparing the next annual budget, aiming to reduce inflation rate and restore financial stability, according to an official document seen by UNB.The size of the budget is likely to be Tk 8.05 trillion, and the expenditure growth...

Non-cotton garment export flourishing fast

FHM Humayan Kabir | 2024-02-03 00:00:00

Export of apparel made from non-cotton fabrics, including man-made fibre (MMF), from Bangladesh is flourishing fast with the country ranking second-largest supplier to the European market, government findings showed.Bangladesh's ready-made garment (RMG) export share from the MMF, wool-and silk-based fibre,...

DITF pulls in huge crowds on weekend

SAIF UDDIN | 2024-02-03 00:00:00

The Dhaka International Trade Fair (DITF) 2024 drew huge crowds on Friday, the second weekend since the trade show's curtain rose on January 21.Visitors started descending on the fair premises since gates opened in the morning, thanks to a moderate...

Alert issued for BD vessels plying war zones

FE REPORT | 2024-02-03 00:00:00

Bangladeshi vessels ply Gulf of Aden, Bab al Mandeb Strait, Red Sea, Somali Basin and Arabian Sea gets security alert from Dhaka as the region turns risky amid ship attacks in proxy wars. Officials say that, in the face of...