Tuesday 24 November 2020 ,
Tuesday 24 November 2020 ,
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Bangladesh moves up one step

Bangladesh moves up one step

Bangladesh has moved up one step in the Global Competitiveness Report 2016-2017 of the World Economic Forum (WEF). It now ranks 106th among 138 countries…

IMF chief warns of weak growth, lure of protectionism

AFP, CHICAGO: The head of the IMF yesterday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality. Christine Lagarde, the International Monetary Fund’s managing director, said…

VimpelCom fires union leaders in Bangladesh

VimpelCom’s Bangladeshi subsidiary Banglalink has dismissed four prominent members of the Banglalink Employees Union (BLEU) for their leadership in the union, UNI Global Union said in a statement.  Two of the union leaders were also members of the BLEU executive committee, and one of them…

Repowering of Ghorashal plant to increase output by 200 MW

GE has been awarded a contract by China Energy Engineering Group -Guangdong Power Engineering Co Ltd for supply of gas turbine for repowering Unit 4 of Bangladesh Power Development Board’s (BPDB) Ghorashal Power Plant located at Narsingdi district, says a press release.  In line with the…
WB unanimously reappoints president Kim

WB unanimously reappoints president Kim

AFP, WASHINGTON: The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced yesterday.…
Deutsche Bank’s weakness weighs on US settlement talks

Deutsche Bank’s weakness weighs on US settlement talks

AFP, NEW YORK: Already hobbled by a weak capital base, Deutsche Bank finds itself in the crosshairs of US prosecutors, who have proposed $14 billion in…
Can Africa’s mobile money revolution reduce poverty?

Can Africa’s mobile money revolution reduce poverty?

AFP, DAKAR: When farmer Isaac Tondo fell on lean times in Liberia’s long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87)…

Clouds gather over Turkey economy after downgrade

AFP, ISTANBUL: Turkey has snarled with anger over a downgrade of its debt to junk status, but its previously robust economic performance risks being bruised by lower growth, stalled reforms and rule of law concerns after the July 15 coup bid. Strong growth since the ruling party of President Recep Tayyip…

Swiss parliament votes to make women work longer

AFP, GENEVA: Women in Switzerland will likely need to work for a year longer, after the lower house of parliament voted yesterday to extend their retirement age to 65. Following the example of the upper house, the lower house of parliament overwhelmingly voted to require women to work up to…

Stocks up on large-cap vibe

Stocks finished yesterday upward trend as major sectors including cement, food and pharma closed the session with rising trend both at the Dhaka and the Chittagong Stock exchanges, reports BSS. The broader DSEX index of the DSE finished the session 12.95 points up at 4690.63. The Shariah DSES and the…

Pakistan launches $500m in Islamic bonds

AFP, KARACHI: Pakistan is set to launch $500 million in Islamic bonds to raise money for its foreign exchange reserves, a senior official said yesterday, as a three-year IMF bailout package nears a close. The government has started looking at key markets for the “Sukuk” bonds—a…

Canada approves $36b LNG project

AFP, MONTREAL: Canada approved on Tuesday a massive Can$36 billion ($27 billion USD) project by Malaysia’s Petronas to build a liquefied natural gas pipeline along its Pacific Northwest coast, targeting Asian markets. The project is the first deal by Canada’s year-old Liberal government…

Kuwaiti court scraps petrol price hike

AFP, KUWAIT CITY: A Kuwaiti court yesterday ordered the government of the oil-rich Gulf state to abolish an increase in petrol prices nearly one month after it took effect. The price hike, ranging from about 40 to 80 per cent depending on the type, met stiff opposition from lawmakers and activists when…

China’s PSBC makes tepid debut on Hong Kong bourse

AFP, HONG KONG: Postal Savings Bank of China (PSBC) made a low-key debut on the Hong Kong bourse yesterday, despite notching up the world’s biggest IPO in two years aimed at expanding the business. China’s fifth-biggest lender raked in a colossal $7.4 billion in the flotation, with a report…

US durable goods orders flat in August

AFP, WASHINGTON: Orders for US manufactured durable goods were unchanged in August, hitting a plateau after rising in July, according to data released yesterday by the Commerce Department. Total new orders for manufactured goods totalled $226.9 billion, barely changed after having risen 3.6 per cent…

Huawei, Leica establish research centre

Huawei and Leica Camera AG have expanded their strategic collaboration through establishing a jointly operated research and innovation centre for achieving excellence in optical engineering says a press release. The ‘Max Berek Innovation Lab’, located at Leica’s global HQ in Wetzlar,…
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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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