Finance News: Latest Financial News, Finance News today in Bangladesh

Cold-tolerant HYV rice for haor underway

Bangladesh is expecting cold-tolerant rice varieties for haor (wetland) region that can be harvested before the start of seasonal flash flood.To this effect, a five-year project was launched on Monday with an eye to developing short-duration, stress- and submergence-tolerant varieties.The Bangladesh Rice Research Institute (BRRI) in collaboration with the International...

BIAC Inter University Arbitration Contest begins

The first round of first-ever 'BIAC Inter University Arbitration Contest 2020' was held through online platform on Saturday, says a statement. The second and final rounds of the contest will be held on September 19 and 26 respectively. This year, due to the Covid-19 pandemic, Bangladesh International Arbitration Centre (BIAC)...

Medtronic collaborating with Walton to produce ventilator, says Ishrak

Omar Ishrak, Chairman of the Board of Directors at Intel, has called for establishing a value-based healthcare system in Bangladesh.Mr Ishrak, the only Bangladeshi who holds the highest positions in the best technology Fortune 500 Companies like Intel, Medtronic and GE Health Care systems was speaking on healthcare facility needs...

Apparel industry can thrive on effective B2B

The Hongkong and Shanghai Banking Corporation Limited (HSBC), Serai Limited and Bangladesh Garments Manufacturers and Exporters Association (BGMEA) jointly held a virtual webinar recently and discussed ways for the apparel Industry to thrive in the new environment of change and disruptions.BGMEA members, HSBC customers, regulators and apparel buyers of various...

'IT Security Management & Cyber Audit'

The Agrani Bank Training Institute and IT & MIS Division jointly held a workshop on 'IT Security Management & Cyber Audit' on a virtual platform recently. Managing Director and CEO of Agrani Bank Mohammad Shams-Ul Islam attended the workshop

Retirements, layoffs, labour force flight may leave scars on US economy

FRANKFORT, Sept 14 (Reuters): Judith Ramirez received a letter this month that she'd been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, during the lockdown triggered by the coronavirus pandemic, made her layoff permanent.Ramirez, 40, was originally told she might be called back after business...

Johnson faces revolt over plan to break Brexit treaty

LONDON, Sept 14 (Reuters): British Prime Minister Boris Johnson will try to persuade rebellious lawmakers in his party to vote on Monday for a bill that would break international law by breaching parts of the Brexit divorce deal and that Brussels says will wreck trade talks.The House of Commons will...

Lebanese banks under pressure after landmark UK ruling

LONDON, Sept 14 (Arab News): An English High Court has ruled that Lebanese citizens living in the EU do not have to be in Lebanon to sue their banks.The case could have widespread ramifications for Lebanese banks that were already under extreme financial pressure.A judge ruled that UK resident Bilal...

Lagarde urges govts to support central bank efforts with fiscal spending

FRANKFURT, Sept 14 (Arab News): European Central Bank president Christine Lagarde said Sunday there could be "no complacency" in the battle to recover from the pandemic-induced downturn, urging governments to support central bank efforts with fiscal spending.Although the eurozone was bouncing back from the lockdowns that devastated economic activity earlier...

Fed meeting may give clues to coronavirus-era jobs plans

WASHINGTON, Sept 14 (Reuters): Eight years ago, as the United States struggled through the aftermath of a deep recession, the Federal Reserve set an unemployment rate it felt would be a good benchmark to show the economy was getting back to normal.The 6.5 per cent number the Fed set in...