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Oil and gas should not be demonised, says Elon Musk

2023-12-18 00:00:00

ROME, Dec 17 (Reuters): Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the...

News in Brief -2023-12-18)

2023-12-18 00:00:00

Severe storm strikes coastal city inArgentina, at least 13 deadBAHÍA BLANCA, Dec 17: At least 13 people have been killed in Argentina, a local city mayor said on Saturday, following a severe electrical storm that struck along the South American...

Scientists create world's 1st AI-made images using brain activity

2023-12-18 00:00:00

TOKYO, Dec 17 (Xinhua): Japanese scientists have succeeded in creating the world's first mental images of objects and landscapes from human brain activity by using artificial intelligence (AI) technology, local media reported.The team of scientists from the National Institutes for...

Sheikh Meshal al-Ahmad named as successor of Kuwait’s emir

2023-12-18 00:00:00

KUWAIT CITY, Dec 17 (Reuters): Kuwait's late emir Sheikh Nawaf al-Ahmad Al-Sabah was laid to rest on Sunday at a private funeral attended by select relatives, a day after he passed away.Crown Prince Sheikh Meshal al-Ahmad al-Sabah, 83, who has...

Gaza hostage-related issues discussed

2023-12-18 00:00:00

GAZA, Dec 17 (Reuters/BBC/AFP): Israel appeared to confirm that new negotiations were under way to recover hostages held by Hamas, after a source said Israel's intelligence chief met the prime minister of Qatar, a country mediating in the Israeli-Palestinian conflict.Prime...

60 migrants feared drowned off Libya

2023-12-18 00:00:00

TRIPOLI, Dec 17 (BBC): More than 60 migrants are believed to have drowned in a shipwreck off the coast of Libya, the International Organization for Migration (IOM) said. Citing survivors, the UN agency said on Saturday the vessel left the...

Keeping house rent under control

2023-12-18 00:00:00

It is the house rent that eats up a lion's share of Dhaka city residents' monthly income. As a result of skyrocketing house rent, people have no choice but to squeeze their expenditures on basic necessities such as food, clothing...

Addressing gas crisis

2023-12-18 00:00:00

Dhaka city residents face gas crisis with the onset of every winter. The disruption of the key necessity is not only hampering regular activities, like cooking meals, but also enhancing living cost of the residents, as they have to make...

Respect for national flag

2023-12-18 00:00:00

We have recently celebrated the 53rd Victory Day, the most cherished day for the nation, with paying glowing tributes to 1971 Liberation War martyrs and recalling the glorious history. The day has been celebrated across the country with an array...

A less chilly winter with adverse consequences

Neil Ray | 2023-12-18 00:00:00

There was a false alarm of cold waves. Even the Bangladesh Meteorological Department was misled to issue forecasts that moderate to severe cold waves were likely to sweep across the northern region of the country in the middle and at...

Enhancing efforts to boost forex reserve

Syed Fattahul Alim | 2023-12-18 00:00:00

Rate of foreign remittance inflow had been falling over the past few months and last September it went down to USD1.34 billion, the lowest in 41 months till then. However, from the following months (October and November) remittance inflow has...

Gas reserves running dry

2023-12-18 00:00:00

That the domestic natural gas production has dipped to a decade-low, according to an FE report, is a wake-up call for the policymakers who have long been dragging their feet over exploration of new gas fields. Instead of ratcheting up...

COP28 summit: some interesting aspects

Muhammad Zamir | 2023-12-18 00:00:00

The COP 28 UN Climate Change Conference that took place in Dubai this year from November 30 to December 12 has resulted in some interesting observations. As in the past, the COP summit constituted a platform for the global community...

Do they get the support they need?

ARAFAT ARA | 2023-12-16 12:00:00

When Rita Begum (not her real name) returned home to Bangladesh, her brother asked her to leave his house. Since she was a widow and had no parents, she had nowhere to go. Homelessness and economic crisis made her helpless.Before...

Makeshift holiday market

2023-12-16 12:00:00

As the cold weather tightens its grip, customers are swarming makeshift holiday market in front of Motijheel Ideal School and College in the city on Friday to buy warm clothes — FE photo

No more than 7 seats for allies, says Quader

FE REPORT | 2023-12-16 12:00:00

Awami League (AL) General Secretary Obaidul Quader has ruled out possibility of sharing more than seven seats with its 14-party political allies in the 12th parliamentary elections, scheduled for January 7 next. "…we (AL) have informed them (allies) that 'boat'...

Victory Day today -

2023-12-16 12:00:00

The nation is set to celebrate the Victory Day, the most precious occasion in the country, today as Bangladesh was liberated from the Pakistani occupation forces this day 52 years back after a nine-month War of Liberation, reports BSS.On December...

The battle of resistance at Kalurghat

HELAL UDDIN AHMED | 2023-12-16 00:00:00

The Battle of Resistance at Kalurghat of Chittagong, officially now Chattogram, was one of the first battles that took place between the Pakistani army and the freedom fighters of Bangladesh from 26 March to 11 April in 1971. The Pakistani...

The end of the rope

A Qayyum Khan | 2023-12-16 00:00:00

In the third week of October, the United Nations General Assembly (UNGA) session ended. Fifty five out of one hundred and seventeen nations that made presentations referred to the 'East Pakistan' crisis. The Soviet Union, New Zealand, Mongolia, Sweden and...

Bangladesh: the idea and the ethos

Syed Badrul Ahsan | 2023-12-16 00:00:00

It is Victory Day we celebrate today, fifty two years after the liberation of the land. It is the three million martyrs we remember, the 200,000 persecuted Bengali women we do not forget. It is the guerrillas of the Mukti...

Russian central bank raises key rate to 16pc

2023-12-16 00:00:00

MOSCOW, Dec 15 (AFP): Russia's central bank on Friday raised its key interest rate to 16 per cent, announcing a fifth hike since summer in a bid to fight accelerating inflation.The central bank has been grappling with the economic fallout...

Euro zone records trade surplus in Oct

2023-12-16 00:00:00

BRUSSELS, Dec 15 (Reuters): The euro zone turned from trade deficit to surplus in October, non-adjusted data showed on Friday, as imports of energy in particular declined in value from a year earlier.The European Union statistics office Eurostat said the...

Investors retreat from global bond funds on caution

2023-12-16 00:00:00

WASHINGTON, Dec 15 (Reuters): Investors pulled back sharply from global bond funds in the seven days through Dec. 13, amid caution ahead of the US Federal Reserve's monetary policy decision and uncertainty over the timing of rate cuts.Investors withdrew a...

Sri Lanka's economy returns to growth, led by agriculture

2023-12-16 00:00:00

COLOMBO, Dec 15 (Reuters): Sri Lanka's economy grew by 1.6 per cent in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in more than seven...

China to run budget gap of 3pc of GDP in 2024

2023-12-16 00:00:00

BEIJING, Dec 15 (Reuters): Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3 per cent of gross domestic product in 2024, three sources with knowledge of the matter said, while...

Asian shares race to four-month peak

2023-12-16 00:00:00

SYDNEY, Dec 15 (Reuters): Asian shares jumped to a four-month peak on Friday as sharp declines in the dollar and US yields extended a Federal Reserve-fuelled rally, but pushback on rate cuts from central banks in Europe could deal a...

UCB, Blackboard Strategies sign MoU

2023-12-16 00:00:00

United Commercial Bank PLC (UCB) and Blackboard Strategies, a concern of the Asiatic 3Sixty, on Thursday signed a memorandum of understanding (MoU) under which the latter will act as a strategic communication partner of the former.

Loss-making Central Pharma's stock surges 70pc in a month

FE REPORT | 2023-12-16 00:00:00

The stock price of Central Pharmaceuticals surged more than 70 per cent in just a month to Thursday on the Dhaka Stock Exchange (DSE) even though there are no reasons for investors to raise bet on the stock of the...

Stocks gain for second week amid sell-offs

FE REPORT | 2023-12-16 00:00:00

Stocks extended the winning streak for the second consecutive week to Thursday, as bargain hunters piled into small-cap stocks based on rumour in hopes of quick gain.Still, overall market sentiment remained subdued as cautious investors opted for profit-booking sell-offs, with...

Rupee to see dollar selloff undermined by 'customary' sale orders

2023-12-16 00:00:00

MUMBAI, Dec 15 (Reuters): The Indian rupee was expected to be little changed on Friday amid more losses for the US dollar and likely orders to sell the local currency.Non-deliverable forwards indicate the rupee will open broadly unchanged from 83.33...