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Saudi Nov inflation reaches 1.7pc

2023-12-16 00:00:00

RIYADH, Dec 15 (Arab News): Saudi Arabia experienced a subtle shift in its inflation rate in November, reaching 1.7 per cent, slightly higher than the 1.6 per cent recorded in October, according to official data. The latest report from the...

Yellen urges China to shift from state-driven economic policy

2023-12-16 00:00:00

WASHINGTON, Dec 15 (AFP): US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying the model can discourage investors."Too strong a role for state-owned enterprises can choke growth, and an excessive...

US identifies use of AI as risk in financial system

2023-12-16 00:00:00

WASHINGTON, Dec 15 (AFP): US regulators have identified the use of artificial intelligence as a vulnerability in the financial system for the first time, according to a report released on Thursday.There is a need to monitor "rapid developments in AI,...

India will buy oil from Venezuela: minister

2023-12-16 00:00:00

NEW DELHI, Dec 15 (Reuters): India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday.Indian refiners have already resumed Venezuelan oil purchases, with...

Xi says Chinese modernisation will benefit US firms: state media

2023-12-16 00:00:00

BEIJING, Dec 15 (AFP): China's leader Xi Jinping said Chinese modernisation will benefit US firms, state media reported Friday, in a letter sent to mark the 50th anniversary of a committee on China-US trade.The letter was published as US Treasury...

COP28 fails to regulate the Wild West of carbon credits

2023-12-16 00:00:00

PARIS, Dec 15 (AFP) : Two weeks of relentless negotiating at COP28 failed to produce an agreement on carbon credit sales, relieving non-profits that had opposed the proposals on the table while stoking fears the regulatory void could escalate greenwashing.Just...

EO Bangladesh holds 7th AGM

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

The 7th Annual General Meeting (AGM) of Entrepreneurs' Organi-zation (EO) Bangladesh was held on December 13 at Lakeshore Hotel in Dhaka.Md Zia Uddin, President of EO Bangladesh and Managing Director of Pristine Chem Ltd, presided over the meeting, according to...

Gold touches 10-day high

2023-12-16 00:00:00

SINGAPORE, Dec 15 (Reuters): Gold prices touched a 10-day high on Thursday as the US dollar and Treasury yields slipped after the Federal Reserve signalled an end to its monetary policy tightening cycle.Spot gold rose 0.4 per cent to $2,034.31...

752 Saudi Arabia's electricity, gas supply activities surge 32.2pc

2023-12-16 00:00:00

LONDON, Dec 15 (Arab News): Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency on oil demand for next year and a...

China still the top dog in commodities

2023-12-16 00:00:00

LAUNCESTON, Dec 15 (Reuters): For the past two decades the mantra in commodities has largely been if you build it, China will buy it.That's still somewhat true, and the world's biggest importer of natural resources remains a colossus.But the nature...

LATAM Airlines expects record earnings, higher traffic in 2024

2023-12-16 00:00:00

MEXICO CITY, Dec 15 (Reuters): LATAM Airlines projected on Thursday record earnings for next year of between $2.6 billion and $2.9 billion as passenger numbers grow and it reduces its debt load after coming out of bankruptcy last year.The expected...

Oil prices on track for first weekly rise in two months

2023-12-16 00:00:00

LONDON, Dec 15 (Reuters): Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a...

Turkish club president given permanent ban for punching referee

2023-12-16 00:00:00

ISTANBUL, Dec 15 (Reuters): The Turkish Football Federation (TFF) said on Thursday its disciplinary board had imposed a permanent ban on Ankaragucu club president Faruk Koca for punching a referee after a game in the country's top football league.The TFF...

Pakistan trail Australia by 355 after Jamal takes six on debut

2023-12-16 00:00:00

PERTH, Dec 15 (Reuters): Seamer Aamer Jamal bowled with pace and confidence on Friday to claim a six-wicket haul on his debut and help Pakistan bowl Australia out for 487 on day two of the first Test in Perth.Pakistan batted...

Kings will face Mohammedan in final on Dec 18

2023-12-16 00:00:00

Bashundhara Kings stormed into the final of Independence Cup Football beating Abahani Limited, Dhaka by 4-0 goals in the second semifinal held at Bashundhara Kings arena on Friday.Bashundhara Kings will now play the final match against Mohammedan Sporting Club Limited...

Bangladesh triumphed over India in the final cricket match

2023-12-16 00:00:00

Bangladesh triumphed over India in the final cricket match under the leadership of the young barrister in Australia, Captain Ishraq Ahmed, in the SCG Multicultural cup 2023 in the Sydney Cricket Ground (SCG) recently.

Tigers want to secure 1st ODI victory on New Zealand soil tomorrow

2023-12-16 00:00:00

Bangladesh are looking to secure their first ODI victory on New Zealand soil when they take on the hosts in three-match series opener at University of Otago Oval in Dunedin tomorrow (Sunday), report agencies. The match will start at 4...

Young Tigers march to final beating India

2023-12-16 00:00:00

In a gripping encounter at the ICC Academy Ground No. 2, Bangladesh Under-19s secured a victory over their Indian counterparts in the 2nd semi-final of the Asian Cricket Council (ACC) Under-19s Asia Cup, reports UNB.Meanwhile, in the final, Bangladesh will...

News in Brief -2023-12-16)

2023-12-16 00:00:00

Blizzards sweep across Russia bringing massive snow fallsMOSCOW, Dec 15: Blizzards swept across swathes of Russia on Friday, carpeting Moscow in one of the biggest snow falls in decades and sowing chaos on major roads where truck drivers battled with...

Hungary's Orban blocks aid for Ukraine

2023-12-16 00:00:00

BRUSSELS, Dec 15 (Reuters): Hungarian Prime Minister Viktor Orban vetoed a major European Union aid package for Ukraine on Friday and warned he could still halt Kyiv's accession to the bloc after membership talks won EU approval.At a summit in...

Coal use to decline next year after record high in 2023: IEA

2023-12-16 00:00:00

PARIS, Dec 15 (AFP): World coal consumption should start declining next year after peaking in 2023, the International Energy Agency (IEA) said Friday.The IEA's latest forecast came after nearly 200 countries at the COP28 UN climate talks adopted a deal...

Militant attack kills three Pakistani police officers

2023-12-16 00:00:00

DERA ISMAIL KHAN (Pakistan), Dec 15 (Express Tribune): Pakistan police said three officers were killed on Friday near the northwestern Afghan border during a gunbattle that also killed three militants, in an uptick in violence raising security concerns ahead of...

Inside Myanmar’s anti-junta offensive

2023-12-16 00:00:00

KAYAH STATE, Dec 15 (Reuters): Generals from Myanmar's junta held peace talks in June near the border with China with representatives of three powerful ethnic armies. They sat across a wide table covered with blue cloth and decorated with elaborate...

China, climate in focus at Japan-ASEAN summit

2023-12-16 00:00:00

TOKYO, Dec 15 (AFP): Leaders from Southeast Asia and Japan will hold talks this weekend on boosting security ties with an eye on China, as well as Tokyo's contentious efforts on energy cooperation.Beijing claims almost the entire South China Sea,...

Gaza 'catastrophe' incomparable with Ukraine: Putin

2023-12-16 00:00:00

MOSCOW, Dec 15 (Arab News): President Vladimir Putin described the situation in the Gaza Strip as a "catastrophe" unfolding on a scale that could not be compared to the Ukraine conflict.Putin, whose government has maintained ties with Hamas and Israel,...

China blasts UK, US for condemning HK activist bounties

2023-12-16 00:00:00

BEIJING, Dec 15 (AFP): China lashed out at Britain and the United States Friday after they condemned Hong Kong police for offering bounties for information leading to the capture of five overseas activists.Hong Kong authorities said Thursday that the five,...

Deadly Israeli air strikes target UN school, homes in Gaza

2023-12-16 00:00:00

GAZA, Dec 15 (Agencies): Al Jazeera reported on Friday that at least 12 people were killed in Israeli air strikes on a UN school in Khan Younis and homes in southern Gaza.The Palestinian telecommunications firms further reported that Gaza was...

Reliving memories of liberation war and victory

Nilratan Halder | 2023-12-16 00:00:00

Amidst the hullaballoo of filing of nomination papers ---including approval or disapproval of those--- for January 7 national election, this year's Victory Day celebration is quite muted. Lighting decoration of government and landmark buildings in the capital and elsewhere is...

Weather (2023-12-16)

2023-12-16 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country until 06:00 pm today (Saturday), according to the Met Office.The highest temperature in the country on Friday was recorded at 30.6 degrees Celsius in Teknaf of Cox's Bazar...

K'ganj foil factory catches fire

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

A fire broke out at a tin-shed aluminum foil factory in south Keraniganj on the outskirts of the city on Friday evening. Sources said the fire erupted at around 6:30pm. Eight firefighting units were working to douse the blaze at...