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Unessential, politically motivated projects being listed for axing

FHM HUMAYAN KABIR | 2024-08-24 00:00:00

Unessential and "politically motivated" projects are being listed for axing to suit the interim government's development-priority pruning to avoid waste of public money, sources said. The Planning Commission (PC) has got down to making a list of such projects under...

Dhaka-Ctg highway, railway trade haulage hit hard

JASIM UDDIN HAROON | 2024-08-24 00:00:00

After political turmoil and preventive curfew halting production and trade now comes flood havoc disrupting cargo haulage on Dhaka-Chittagong highway and railway, businesses lament. Floodwaters have crippled the movement of covered vans carrying export goods from Dhaka and imports from...

At least 13 die as calamitous floods devastate 11 districts

FE REPORT | 2024-08-24 00:00:00

At least 13 people died while many animals perished as calamitous flooding wreaked havoc across Bangladesh's 11 eastern districts with three newly flooded by a barrage of waters rolling down from upstream coupled with downpour.Over 4.5 million people have so...

A big responsibility on interim govt's shoulder

Abul Quasem Haider | 2024-08-24 00:00:00

Today I remember the day, Oct. 13, 2006, when the Nobel Peace Prize was awarded to the Grameen Bank of Bangladesh and its founder, Dr. Muhammad Yunus, for pioneering microcredit, lending tiny amounts of loans to help destitute women emerge...

Acceptance of people's sovereignty shows the way

Nilratan Halder | 2024-08-24 00:00:00

The past month has witnessed the unfolding of momentous events in this part of the world. What was thought to be unchangeable changed with the artificially constructed reality lying shattered. This nation often boasts that few peoples in world history...

Japan inflation accelerates to 2.7pc in July

2024-08-24 00:00:00

TOKYO, Aug 23 (AFP) : Japanese inflation was slightly higher in July, with prices rising 2.7 percent on-year compared with 2.6 percent the month before, internal affairs ministry data showed Friday.The core Consumer Price Index reading, which excludes volatile fresh...

UK energy bills to rise, sparking fuel poverty fears

2024-08-24 00:00:00

LONDON, Aug 23 (AFP): British energy bills are set to start rising again this autumn, the sector regulator announced on Friday, sparking fears that fuel poverty will worsen amid an ongoing cost of living crisis.The cost of household electricity and...

Partial opening of Ctg elevated expressway uncertain

NAZIMUDDIN SHYAMOL | 2024-08-24 00:00:00

CHATTOGRAM, Aug 23: Uncertainty looms about opening of Chattogram elevated expressway following the fall of the Sheikh Hasina-led government.Sources said the construction work on the ramps of the country's largest expressway has come to a halt, so its partial opening...

Long queues of vehicles form in the Baroyarhat Municipality area

2024-08-24 00:00:00

Long queues of vehicles form in the Baroyarhat Municipality area on the Dhaka-Chattogram highway on Friday morning as many points of the highway have been inundated by floodwater. — Focus Bangla

Kaptai power generation hits season's high

2024-08-24 00:00:00

Persistent rain has increased the water level of Rangamati's Kaptai Lake to near its capacity, driving the hydropower production at the lake.ATM Abduzzaher, the manager of the power plant, said that as of Friday noon , the water level had...

Sugar refiners seek lower import duties amid global price slump

REZAUL KARIM | 2024-08-24 00:00:00

Local sugar refiners are seeking a switch from the current tariff structure to a specific duty on raw sugar imports, citing a cash crunch amid a falling global sweetener price, according to an official document.The Bangladesh Sugar Refiners Association --...

Asia markets mostly lower --

2024-08-24 00:00:00

Asia-Pacific markets mostly fell on Friday as investors awaited US Federal Reserve Chairman Jerome Powell's comments at the Jackson Hole gathering of global central bankers, reports CNBC.In the past, Powell has outlined broad policy initiatives and provided clues about the...

Global equity funds see sharp inflows on Fed rate cut hopes

2024-08-24 00:00:00

Global investors ploughed money into equity funds in the week to August 21, encouraged by expectations of a Federal Reserve rate cut in September and easing concerns about the US economy, reports Reuters.According to LSEG data, investors snapped up $15.73...

BATB's Q2 profit grows 3.7pc on higher sales

FE REPORT | 2024-08-24 00:00:00

British American Tobacco Bangladesh (BATB) posted a 3.7 per cent growth in profit for the April-June (Q2) this year, compared to the same quarter of the previous year, thanks to higher domestic sales and lower operating expenses.The cigarette manufacturer's net...

Stock slump deepens as selloffs intensify

FE REPORT | 2024-08-24 00:00:00

Stocks deepened losses this week, as investors continued selloffs amid turbulence in the financial sector following the fall of Sheikh Hasina's regime.Massive reshuffle within the securities regulator, the board reformation of some listed banks and measures taken against certain influential...

Wheat steadies but heads for 3pc weekly loss amid plentiful supply

2024-08-24 00:00:00

Chicago wheat futures edged higher on Friday but were near their lowest since 2020 and down nearly 3 per cent for the week as ample supply of cheap Black Sea grain pressured prices, reports Reuters.Corn and soybean futures also steadied...

Gold poised for weekly fall as Fed's Powell grabs limelight

2024-08-24 00:00:00

Gold prices inched up on Friday but were set for a weekly decline, as the U.S. dollar and Treasury yields rebounded ahead of Federal Reserve Chair Jerome Powell's speech that could offer fresh insights on the central bank's interest rate...

Oil up over 1pc but set to end week down on demand concerns

2024-08-24 00:00:00

LONDON (Reuters): Oil prices rose 1 per cent on Friday on a softer dollar but were still set to end the week lower as weaker U.S. employment data raised concerns over the health of the world's largest oil consumer, and...

Lanka to host NZ Test during presidential vote

2024-08-24 00:00:00

COLOMBO, Aug 23 (AFP): Sri Lanka will host New Zealand for a two-match Test series during next month's presidential election, its cricket board said Friday.The first Test will begin on September 18 at Galle, but there will be a rest...

Mbappe set for 'beautiful' Bernabeu debut: Ancelotti

2024-08-24 00:00:00

MADRID, Aug 23 (AFP): Real Madrid coach Carlo Ancelotti said striker Kylian Mbappe will enjoy a "beautiful day" when he makes his home debut for the Spanish giants on Sunday in La Liga.Los Blancos face Real Valladolid in their first...

Smith's first Test ton leaves England on top against SL

2024-08-24 00:00:00

MANCHESTER, United Kingdom, Aug 23 (AFP): Jamie Smith scored his maiden Test hundred before Mark Wood hit out as England established a sizeable first-innings lead over Sri Lanka at Old Trafford on Friday.Surrey wicketkeeper Smith's 111 was the centrepiece of...

Gundogan returns to Man City from Barcelona

2024-08-24 00:00:00

MANCHESTER, United Kingdom, Aug 23 (AFP): Ilkay Gundogan said he had returned to the "best club in the world" after re-signing for Manchester City from Barcelona on Friday.The former German international won five Premier League titles and the Champions League...

Bangladesh emerge group runners-up

2024-08-24 00:00:00

Bangladesh completed Group A runners-up to reach the semifinal of the SAFF U-20 Championship losing to hosts Nepal by 1-2 goals at the ANFA complex in Lalitpur on Thursday, reports UNB.After the match, Nepal emerged Group A champions to qualify...

BCB reiterates commitment to stand by flood victims

2024-08-24 00:00:00

Bangladesh Cricket Board (BCB) is deeply concerned with the severe flood situation currently affecting various parts of the country, reports UNB. The Board offers heartfelt sympathy and compassion to all impacted by this devastating calamity. In this time of crisis,...

Shadman anchors Tigers' good show in first Pakistan Test

2024-08-24 00:00:00

RAWALPINDI, Aug 23 (AFP): Bangladesh opener Shadman Islam missed a fighting hundred by just seven runs but still guided Bangladesh to an impressive 316-5 at close on day three of the first Test against Pakistan in Rawalpindi on Friday.The left-hander...

Death toll rises to 12 in attack on Pakistani police

2024-08-24 00:00:00

LAHORE, Aug 23 (AFP): The death toll in a rocket launcher attack on policemen whose vehicle broke down in central Pakistan rose to twelve on Friday, police said.Organised criminal gangs have been active in the riverine border areas of southern...

21 dead as bus carrying Indian tourists plunges into Nepal river

2024-08-24 00:00:00

KATHMANDU, Aug 23 (Reuters): Half of the passengers in a bus carrying 43 Indians died on Friday when the vehicle plunged into a rain-swollen river in neighbouring Nepal, a spokesperson for the Himalayan nation's armed police said.A total of 21...

Partners can start talks to buy mpox vaccines before its approval: WHO

2024-08-24 00:00:00

LONDON, Aug 23 (Reuters): The World Health Organization said on Friday its partners such as Gavi and Unicef can start buying mpox vaccines before they are approved by the UN health agency, in a bid to get inoculations to Africa...

Tributes paid to Mike Lynch, daughter Hannah after bodies found

2024-08-24 00:00:00

LONDON, Aug 23 (BBC): Tributes have been paid to 18-year-old Hannah Lynch, after divers recovered what is believed to be her body in the wreckage of a luxury yacht which sank off Sicily.Hannah was the last person unaccounted for after...

World’s largest diamond found in Botswana

2024-08-24 00:00:00

GABORONE, Botswana, Aug 23 (AFP): A massive 2,492-carat diamond- the second largest in the world-has been discovered in Botswana, the Canadian mining company that found the stone announced Thursday.The diamond was discovered in the Karowe diamond mine in northeastern Botswana...