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Funds get costlier as rate rises again

JASIM UDDIN HAROON AND JUBAIR HASAN | 2023-11-27 00:00:00

Funds for doing business get costlier as the central bank raised again the policy rate by 50 basis points along government line of aggressive action against high inflation and price rises.In a span of less than two months of last...

Australia to introduce bill giving central bank experts more sway

2023-11-27 00:00:00

SYDNEY, Nov 26 (Reuters): The Australian government will introduce legislation this week that would give the central bank's independent expert members more responsibility for setting interest rates with a new specialist monetary policy board.The bill would implement the recommendations of...

Germany's budget crisis spurs calls to change its borrowing limits

2023-11-27 00:00:00

BERLIN, Nov 26 (Reuters): Germany's budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment trumps an earlier political obsession with fiscal rectitude.A constitutional court ruling on Nov....

Black Friday sales in US rise 2.5pc

2023-11-27 00:00:00

NEW YORK, Nov 26 (Reuters): Mastercard Spendingpulse said on Saturday that US retail sales on Black Friday rose 2.5 per cent year-over-year excluding automotive sales, not adjusted for inflation.Black Friday refers to the day after the US Thanksgiving holiday.E-commerce sales...

X may lose up to $75m on advertiser exodus

2023-11-27 00:00:00

Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday.Musk backing an...

Every industry should be 'held accountable' on climate

2023-11-27 00:00:00

PARIS, Nov 26 (Arab News): The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at the negotiations, saying private sector engagement was essential to curb global heating."Everyone needs to be part of...

CCCI and CDA exchange views on Ctg master plan

OUR CORRESPONDENT | 2023-11-27 00:00:00

CHATTOGRAM, Nov 26: The Chittagong Chamber of Commerce and Industry (CCCI) and Chittagong Development Authority (CDA) have jointly arranged a view-exchange meeting on 'Chittagong Master Plan Formulation' at Bangabandhu Conference Hall, World Trade Center (WTC) in the port city on...

ONE BANK LAUNCHES E-LEARNING MANAGEMENT SYSTEM

2023-11-27 00:00:00

ONE Bank PLC has introduced E-Learning Management system (LMS). It has an online training platform that adds a large, important and highly significant set of features to training activities. This LMS comprises online course creation, online teaching, mock-exams, online certification...

ISLAMI BANK WORKSHOP ON 'CYBER SECURITY PROTECTION' -

2023-11-27 00:00:00

Islami Bank Bangladesh PLC organised a training workshop on 'Cyber Security Protection' on a virtual platform recently for agent banking officials of Cumilla, Dhaka Central, Khulna and Sylhet zones. JQM Habibullah, Additional Managing Director of the bank, was present as...

Daraz serves 20m consumers during '11.11' sale campaign

2023-11-27 00:00:00

Daraz, a leading e-commerce platform in South Asia, has successfully concluded its highly anticipated '11.11 Biggest Sale of the Year', serving 20 million consumers across Bangladesh, says a statement.This year, staples such as salt and milk powder were among the...

EBL wins 3 Mastercard Excellence Awards

2023-11-27 00:00:00

Eastern Bank PLC (EBL) clinched three awards at the Mastercard Excellence Award 2023 ceremony organised in connection with the 10th anniversary celebration of Mastercard's Bangladesh office. EBL received Excellence in Mastercard Business (Innovation) for its SkyTrip Credit Card, Excellence in...

Textile makers seek central bank support for modernisation drive

FE REPORT | 2023-11-27 00:00:00

Local textile entrepreneurs are seeking a refinancing facility from the central bank to modernise the industry, sources said.Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA), recently urged the commerce ministry to address this issue. He pointed out...

FOUNDATION TRAINING COURSE OF KARMASANGSTHAN BANK

2023-11-27 00:00:00

A 5-day foundation training course for Data Entry Operators of Karmasangsthan Bank was inaugurated at its Training Institute at the Head Office of the bank on Sunday. Chairman of the bank Md Sayedul Islam was present as the chief guest...

Novo Nordisk invests $2.3b France to boost obesity drug production

2023-11-27 00:00:00

PARIS/LONDON Nov 26 (Reuters): Novo Nordisk last week announced a $2.3 billion investment to boost production of its wildly popular weight-loss and diabetes drugs at a site in Chartres, France as it races to meet soaring demand.The investment will significantly...

Indian gold dealers widen discounts as wedding season demand slows

2023-11-27 00:00:00

Top Asian hubs saw some selling of physical gold this week as people cashed in on relatively high prices, with lacklustre demand during the wedding season in India prompting dealers to offer steeper discounts, reports Reuters.The bullion industry was hoping...

Greek shippers exit Russian oil trade as US tightens price cap scrutiny

2023-11-27 00:00:00

MOSCOW/LONDON, Nov 26 (Reuters): Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid US sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data...

News in Brief (2023-11-27)

2023-11-27 00:00:00

Stampede during music festival at Keralauniversity kills at least 4 studentsNEW DELHI, Nov 26: A stampede during a music festival at a university in southern India on Saturday killed at least four students and injured 60 others, according to news...

Lion, bears play in snow

2023-11-27 00:00:00

PRISTINA, Nov 26 (Reuters): Workers at a bear sanctuary in Pristina are working hard to look after a lion that wants to play in the snow and bears who were removed from their natural habitat when they were cubs and...

Russia thwarts 20 Ukrainian drones, Moscow also attacked

2023-11-27 00:00:00

MOSCOW, Nov 26 (Reuters): Russia said on Sunday that it had thwarted a major Ukrainian drone attack with at least 20 drones shot down over Russian regions, including Moscow.Russia's defence ministry said Ukrainian drones were shot down over regions including...

Israeli forces kill at least eight Palestinians in W Bank raid

2023-11-27 00:00:00

TEL AVIV, Nov 26 (AP): Israeli forces operating in the occupied West Bank killed at least eight Palestinians in a 24-hour period, Palestinian health officials said Sunday, as a fragile pause in fighting between Israel and Hamas in the Gaza...

To restart summit, cement ties

2023-11-27 00:00:00

SEOUL, Nov 26 (AP): The top diplomats from South Korea, Japan and China met Sunday to discuss when to resume their leaders' trilateral summit after a four-year hiatus and how to strengthen cooperation among the three Northeast Asian neighbours.Closely linked...

England's Root withdraws from 2024 IPL

2023-11-27 00:00:00

NEW DELHI, Nov 26 (AFP): England batsman Joe Root has pulled out of next year's Indian Premier League, joining his red-ball skipper Ben Stokes in sitting out the glitzy Twenty20 tournament.Root, who had made his IPL debut for Rajasthan Royals...

Newcastle halt Chelsea's revival with stunning second-half rout

2023-11-27 00:00:00

NEWCASTLE, England, Nov 23 (AP): Newcastle produced a stunning second-half display as the Magpies halted Chelsea's Premier League momentum with a 4-1 win at St James' Park on Saturday.Influential Chelsea defender Reece James was also sent off in the match...

Maziya SRC play Bashundhara today

2023-11-27 00:00:00

The Maldives champions Maziya Sports and Recreation Club arrived in Dhaka on Friday to play Bangladesh champions Bashundhara Kings in their Group D away match of the AFC Cup Football, reports UNB.The vital match between Bangladesh and the Maldives giants...

Shakib placed in highest category in PSL draft

2023-11-27 00:00:00

Bangladesh all-rounder Shakib Al Hasan was placed in Platinum category, the highest category for the Pakistan Super League (PSL) draft which is scheduled to be held on December 14, reports BSS.The tournament will be held from February 13 to March...

'Standard Chartered Cup 2023'

2023-11-27 00:00:00

Players of Youth Group posing with the champions trophy after winning the 'Standard Chartered Cup 2023' recently. They beat United Group by 3-1

New Zealand bank on World Cup form ahead of Bangladesh Tests

2023-11-27 00:00:00

SYLHET, Nov 26 (AFP): New Zealand coach Luke Ronchi said Sunday that his side's Cricket World Cup experience in India would help end their barren run in Bangladesh, as they prepare to face the hosts for a two-Test series.New Zealand...

Hathurusingha excited for Tigers' new beginnings

2023-11-27 00:00:00

After a forgettable World Cup campaign, Bangladesh head coach Chandika Hathurusingha said on Sunday that his team was looking to turn over a new leaf with the two-match Test series against New Zealand, reports Cricbuzz.Both Bangladesh and New Zealand will...

‘Work together to protect environment’

2023-11-27 00:00:00

Environment, Forest and Climate Change Minister Md Shahab Uddin has urged all concerned to work together to improve and protect the country's natural environment and biodiversity, reports BSS."If everyone works together, quality of the country's environment will improve.Time-befitting projects should...

200-year-old giant turtle freed in Meghna River

2023-11-27 00:00:00

CHANDPUR, Nov 26 (UNB): Police rescued a giant 71 kg sea turtle, believed to be around 200 years old, and with the assistance of the Forest Department, later released it into the Meghna River on Saturday afternoon.Officials from the Forest...