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Extreme poverty rising in Latin America: UN

SANTIAGO, Nov 25 (AFP): Extreme poverty is likely to affect 82 million people in Latin America in 2022, an increase spurred by a slow pandemic recovery and high inflation, the UN economic commission for the region said Thursday."It has not been possible to reverse the impacts of the pandemic in...

Visitors at 10th National SME Product Fair

Visitors at the 10th National SME Product Fair on Friday, the second day of the fair that kicked off at Bangabandhu International Conference Centre (BICC) in the capital on Thursday — FE Photo

Meher Sultana new DMD of Karmasangsthan Bank

Meher Sultana joined the Karmasangsthan Bank Head Office recently after being promoted as Deputy Managing Director, says a press release. Prior to this, she was working as General Manager at the same bank. After completion of post-graduate degree with Honours in Economics from Dhaka University, she started her career as...

Beximco Digital to use Bangabandhu Satellite-1 to distribute foreign pay TV channels

Bangladesh Satellite Company Limited (BSCL) has signed an agreement with Beximco Digital Distribution Limited (BDDL), under which BDDL will use Bangabandhu Satellite-1 (BS-1) to distribute foreign clean-feed pay-TV channels in Bangladesh, says a press release.BDDL, part of Beximco Group - the largest in the private sector in Bangladesh, will be...

SBP raises policy rate to 16pc to curb inflation

The State Bank of Pakistan (SBP) raised its key policy rate by 100 basis points to 16% on Friday, the bank said in a statement after a meeting of its monetary policy committee, reports the Express Tribune."This decision reflects the MPC's view that inflationary pressures have proven to be stronger...

German economy grew more than estimated in third quarter

BERLIN, Nov 25 (AFP) : Germany's economy grew more than previously thought in the third quarter despite high inflation and an energy crisis, revised official data showed Friday.Europe's biggest economy expanded by 0.4 percent between July and September compared to the second quarter-slightly better than the 0.3 percent growth previously...