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LDP to skip polls sans caretaker

FE REPORT | 2023-11-25 00:00:00

The Liberal Democratic Party (LDP) has said it would not participate in the next general election without the constitution of a caretaker government."LDP won't participate in the parliamentary polls like a sacrificial lamb," LDP chairman Col (retd) Dr Oli Ahmad...

US will support Bangladesh after election: Momen

2023-11-25 00:00:00

SYLHET, Nov 24 (UNB): Foreign Minister AK Abdul Momen on Friday said that the United States would support the Bangladesh government after the elections. "America is a very pragmatic government. America was not with us in 1971, but after achieving...

AL to announce candidates for 300 seats by tomorrow: Quader

2023-11-25 00:00:00

General Secretary of Awami League (AL) Obaidul Quader on Friday said that the list of AL-led candidates of 300 seats for the 12th parliamentary elections will be announced by Sunday next, reports BSS."Awami League will announce the final list of...

Investors flock back to AI fund

2023-11-25 00:00:00

An exchange-traded fund tracking artificial intelligence stocks saw investors pouring money after six straight weeks of outflows, on the backdrop of strong quarterly results by chipmaker Nvidia and rising optimism that US interest rates have peaked, reports Reuters.The Global X...

Alibaba shakes up cloud unit management after scrapping the division's IPO

2023-11-25 00:00:00

Alibaba has begun an overhaul of its cloud computing unit, bringing in veterans to new leadership positions, as it looks to revive the division after cancelling its public listing, reports CNBC.The move underscores the Chinese technology giant's desire to tap...

Nitol Insurance Company achieved award at 4th ICC Emerging Asia Insurance Conclave 2023

2023-11-25 00:00:00

Nitol Insurance Company Limited achieved an award at the 4th ICC Emerging Asia Insurance Conclave 2023 in the category of 'Best Risk Management Strategy-Bangladesh'. Managing Director & Chief Executive Officer of the company S. M. Mahbubul Karim received the award...

Global equities head toward monthly gain

2023-11-25 00:00:00

NEW YORK/LONDON, Nov 24 (Reuters): Shares on Wall Street were mixed, as global equities drifted on Friday toward their biggest one-month rally since November 2020 during a shortened, muted trading session following the US Thanksgiving holiday.Oil futures traded steady ahead...

Southeast Bank PLC organised the BAMLCO Conference-2023

2023-11-25 00:00:00

Southeast Bank PLC organised the BAMLCO Conference-2023 in hybrid mode at the bank's Head Office recently. Some 324 participants, including Heads of Branches, Branch Anti-Money Laundering Compliance Officers (BAMLCOs), In-charges of sub-branches and Offshore Banking Units (OBUs) joined the daylong...

Khan Brothers' stock more than doubles in a month

FE REPORT | 2023-11-25 00:00:00

The stock price of Khan Brother PP Woven Bag Industries has more than doubled in just one month to Thursday on the Dhaka Stock Exchange (DSE) although there is no valid reason for investors to be keen on betting on...

Stocks tumble on rise of political risk

FE REPORT | 2023-11-25 00:00:00

Stocks tumbled for the second consecutive week to Thursday as investors unnerved by growing political tensions continued to dump their holdings to safeguard their portfolios from further erosion. Along with macroeconomic challenges, the rise of political risk in the run-up...

Nissan invests in two new electric cars in UK

2023-11-25 00:00:00

SUNDERLAND, United Kingdom, Nov 24 (AFP) : Japanese auto giant Nissan will invest up to o1.12 billion to build electric models of two best-selling cars in Sunderland, northeast England, supporting thousands of jobs, it said Friday.The carmaker will plough the...

Rising energy bills to worsen UK cost-of-living crisis

2023-11-25 00:00:00

LONDON, Nov 24 (AFP) : The price cap on energy bills for most UK households will rise this winter, regulator Ofgem said Thursday, further fuelling a cost-of-living crisis that is forecast to worsen.Bills will climb from January on rising wholesale...

Japan inflation up 2.9 pc as energy subsidies reduced

2023-11-25 00:00:00

TOKYO, Nov 24 (AFP): Japanese consumer inflation was up 2.9 percent year-on-year in October as the government reduced subsidies for electricity and gas bills, government data showed Friday.The figure for the world's third-largest economy, which excludes volatile fresh food prices,...

BD envoy re-elected MD of Common Fund for Commodities

2023-11-25 00:00:00

Bangladesh's Sheikh Mohammed Belal has been re-elected Managing Director of the Common Fund for Commodities (CFC), reports UNB.He has been re-elected with 68.01 per cent votes at the 35th Annual Meeting of the Governing Council, said the Ministry of Foreign...

Oil, gas sectors must slash planet-warming operations to save climate: Report

2023-11-25 00:00:00

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fueled by human-caused climate change, according to a report released...

Govt won't spare syndicates involved in destabilising rice market: Sadhan

2023-11-25 00:00:00

Food Minister Sadhan Chandra Majumder has given a note of warning saying that no one will be spared if they try to destabilize the market by increasing the price of rice, reports BSS."The government remains vigilant to keep the market...

Bhanga-Jashore rail link by June 2024: Sujan

2023-11-25 00:00:00

Railways Minister Md. Nurul Islam Sujan on Friday expressed hope that the construction of the rail route and stations from Bhanga to Jashore would be completed by June next year, reports UNB.He made this optimism after visiting the newly constructed...

Gold set for second weekly gain as dollar crumbles on Fed pause bets

2023-11-25 00:00:00

Gold held its ground on Friday, on track to log its second consecutive weekly rise as analysts stepped up bets that the US Federal Reserve was done with interest rate hikes, sending the dollar lower, reports Reuters.Spot gold was up...

Ukraine's seed bank relocates to safer place

2023-11-25 00:00:00

KYIV, Nov 24 (Reuters): Ukraine's national seed bank, one of the world's largest, has been successfully moved from the frontline eastern city of Kharkiv to a safer location, Crop Trust, a non-profit organisation said on Thursday.Last spring, a research facility...

US regulator clears Boeing flight tests for 737 MAX 10 certification

2023-11-25 00:00:00

WASHINGTON, Nov 24 (Reuters): Boeing said on Wednesday that the US aviation regulator has cleared it to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet aimed at seizing the top of the...

Oil steady ahead of OPEC+ production decision

2023-11-25 00:00:00

LONDON, Nov 24 (Reuters): Brent crude futures hovered above $81 a barrel on Friday as traders kept their powder dry ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024.Brent crude futures...

News in Brief (2023-11-25)

2023-11-25 00:00:00

Russian politician denies adopting Ukrainian infantMOSCOW, Nov 24: A leading Russian supporter of President Vladimir Putin on Thursday denied a report that he adopted a child forcibly taken from a Ukrainian orphanage. Citing Russian and Ukrainian documents, the BBC reported...

Muslims in shock over anti-Islam party’s Dutch poll win

2023-11-25 00:00:00

THE HAGUE, Nov 24 (Reuters): Dutch Muslims expressed shock on Thursday at the election win of far-right populist Geert Wilders, who has previously called for mosques and the Koran to be banned in the Netherlands.Wilders and his Freedom Party (PVV)...

World's biggest iceberg on the move after 30 years

2023-11-25 00:00:00

The world's biggest iceberg is on the move after more than 30 years being stuck to the ocean floor, reports BBC.The iceberg, called A23a, split from the Antarctic coastline in 1986. But it swiftly grounded in the Weddell Sea, becoming,...

Worst unrest in decades hits Dublin, police say

2023-11-25 00:00:00

DUBLIN, Nov 24 (AFP): A night of torched vehicles and shop looting sparked in Dublin after a knife attack outside a school was of an "extraordinary" level of violence unseen in decades, police said Friday.The violence started when a group...

Afghan embassy in India shuts down citing lack of support

2023-11-25 00:00:00

NEW DELHI, Nov 24 (Reuters): Afghanistan's embassy in New Delhi has closed as diplomats appointed by the Afghan government ousted by the Taliban two years ago failed to secure visa extensions from their Indian hosts, the outgoing ambassador said in...

China grapples with respiratory illness spike

2023-11-25 00:00:00

SHANGHAI, Nov 24 (Arab News): China called for vigilance on Friday as a surge of respiratory illness hit schools and hospitals and the World Health Organization, which has asked the government for disease data, said no unusual or novel pathogens...

Russia must rival ‘dangerous’ Western AI: Putin

2023-11-25 00:00:00

MOSCOW, Nov 24 (AFP): Russian President Vladimir Putin said on Friday that the West had a "dangerous" monopoly over artificial intelligence and Russia needed to rival "biased" Western chatbots with its own technology.The race to develop AI has heated up...

Happy but uncertain, displaced Palestinians try to head for Gaza

2023-11-25 00:00:00

KHAN YOUNIS, Gaza, Nov 24 (Reuters/AFP): Many joyful but wary Palestinians emerged from makeshift shelters at the start of the four-day Gaza ceasefire on Friday to begin the long journey back to their homes.In the southern town of Khan Younis,...

Ensuring the economic wellbeing of people

Abul Quasem Haider | 2023-11-25 00:00:00

No matter how many good doctors one sees to recover from a disease, one will never recover if one does not take the medicine prescribed by the doctor properly and regularly. The economy of Bangladesh is like that. Some of...