Multiple factors ‘weaken BD's macroeconomic stability’
Factors like subdued investment, inflationary pressure, financial sector vulnerabilities and political impasse have weakened Bangladesh's macroeconomic stability despite having decades of rapid expansion, economists and private sector entrepreneurs have said.They also highlighted several key challenges facing the economy, including a lower tax-to-GDP ratio, stagnant private investment, fiscal pressures from the...
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Bay Terminal construction to begin this year
CHATTOGRAM, Oct 17: Construction of the Bay Terminal at Chittagong Port is set to begin this year, with the authority calling it the future gateway of Bangladesh's maritime trade.Chittagong Port Authority (CPA) officials said the long-awaited mega project would be completed by 2031. An agreement has already been signed for...
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Microsoft: Russia, China increasingly using AI to escalate cyberattacks on the US
WASHINGTON, Oct 17 (UNB) : Russia, China, Iran and North Korea have sharply increased their use of artificial intelligence to deceive people online and mount cyberattacks against the United States, according to new research from Microsoft.This July, the company identified more than 200 instances of foreign adversaries using AI to...
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EU reaches agreement on plan backing defence industry
BRUSSELS, Belgium, Oct 17 (AFP) : The European Union on Thursday arrived at an agreement for a programme boosting its defence industry, with an initial 1.5 billion euros ($1.8 billion) to ramp up production and supply chains, the Council of the EU said. The development -- the fruit of long...
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Brazil asks US to reverse tariffs as tensions ease
WASHINGTON, Oct 17 (AFP) : Brazil's top diplomat appealed Thursday for the United States to reverse punitive tariffs but both sides spoke of a positive meeting after months of tension. Brazilian Foreign Minister Mauro Vieira met in Washington with Secretary of State Marco Rubio and US trade representative Jamieson Greer.The...
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