Biden announces aircraft carriers will be named for Clinton, Bush
US president Joe Biden announced Monday that two of the Navy鈥檚 future aircraft carriers will be named for former commanders-in-chief Bill Clinton and George W Bush.
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Tackling fertiliser and energy bill crisis
BANGLADESH is grappling with overdue fertiliser and energy bills, driven by $800 million in unpaid dues to international suppliers and compounded by limited foreign reserves and inflation. These challenges, worsened by poor decisions of the previous government, such as costly, poorly planned projects like the Adani Power deal and the...
Forex reserve drops to $20b
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $20 billion, following a $1.67-billion payment to the Asian Clearing Union against import bills for November and December of 2024...
Iran lawmakers for relaxing hijab bill
Iranian lawmakers have asked to amend a bill that would impose tougher penalties on women who refuse to wear the mandatory hijab, local media reported on Wednesday...
Billionaires鈥� wealth more than doubles in 10yrs: UBS
Billionaires have seen their combined wealth shoot up 121 per cent over the past decade to $14 trillion, Swiss bank UBS said Thursday, with tech billionaires鈥� coffers filling the fastest.
Musk calls for US to replace fighter jets with drones
Billionaire Elon Musk, tapped by US president-elect Donald Trump to slash federal government spending, lashed out at modern fighter jets on Monday, saying that drones were the future of air combat...
Trump names Scott Bessent as Treasury chief
US president-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs...
UK annual inflation jumps on higher energy bills
Britain鈥檚 annual inflation rate jumped more than expected in October to back above the Bank of England鈥檚 target as households and businesses faced higher energy bills, official data showed Wednesday...
Govt should bust nexus of tycoons close to Hasina
POWERFUL business tycoons, who had been close to the deposed prime minister Sheikh Hasina, have swindled $17 billion off the banking sector, as the Bangladesh Bank government has said in an interview with the Financial Times, during the 15 years of the authoritarian regime of the Awami League. The central banker is reported to have said that the tycoons...
Yunus seeks Gates Foundation鈥檚 support for Bangladesh health sector
Chief adviser Professor Muhammad Yunus urged the Bill and Melinda Gates Foundation, the world鈥檚 leading charitable organisation, to come forward with an enhanced support for the health sector of Bangladesh.
Biden, Clinton rally behind Bangladesh interim govt head Yunus
US President Joe Biden met Tuesday with Bangladesh's interim leader Muhammad Yunus on the margins of the UN's annual summit, in a show of support after an uprising toppled the country's autocratic government.
Banks, NBFIs asked to waive late payment fines
The Bangladesh Bank on Wednesday asked banks and non-bank financial institutions to waive fines on late payment of instalments of loans, savings schemes like deposit pension scheme and credit card bills, considering general holidays and an internet blackout amid the countrywide unrests centring quota reform protests...
Thailand unveils billion-dollar handout scheme to boost economy
Thailand鈥檚 government unveiled a billion-dollar handout scheme聽on Wednesday that it hopes will boost the flagging聽economy聽but warned recipients would not be allowed to spend the money on marijuana, jewellery or lottery tickets...
BB may ask banks not to fine late pay of loans, credit card bills
The Bangladesh Bank is likely to ask banks not to charge any fine for late payment of loans and credit card bills considering general holidays and internet blackout in the country in the past few days...
All electronic payments to come under BB supervision
Jatiya Sangsad on Tuesday passed the Payment and Settlement System Bill 2024 to bring all electronic payment by banks and non-bank service providers under the supervision of the Bangladesh Bank...
Trade and Tariff Commission Bill passed in JS amid criticism
The Bangladesh Trade and Tariff Commission (Amendment) Bill 2024 was passed in Jatiya Sangsad on Tuesday with a view to further amending Bangladesh Trade and Tariff Commission Act 1992...
UPs to get administrator if election not held in time
The Local Government (Union Parishad) (Amendment) Bill, 2024 was passed in the parliament on Monday, introducing a provision for appointing administrators to union parishads after the elected representatives鈥� five-year tenure expires...
Passage of budget retains largely all ills opposed to and criticised
THE Finance Bill 2024 has been passed. But the budget for the 2025 financial year in its passage has retained a controversial provision that economists have always been opposed to. The passage of the bill has also failed to handle a few other issues that were considered beneficial for the economy...
Money legalisation provision retained
The parliament passed the Finance Bill 2024 on Saturday while retaining in it the controversial provision of legalising undeclared wealth by paying a...
HC orders probe into complaints against prepaid electricity meters聽
The High Court on Wednesday asked the government to conduct an impartial investigation into customers鈥� complaints against prepaid electricity meters that were allegedly charging extra and hidden bills...
Draft rail law allows private train service
The railway authorities have prepared the draft Bangladesh Railway Bill, 2024, by keeping a provision for letting private companies own rolling stock to carry passengers, goods, and parcels...
Four dead, 60 injured as billboard collapses in Mumbai
Four people were killed and at least 60 injured after a billboard collapsed during a fierce storm in India's financial capital Mumbai, officials said Monday.
Bangladesh Bank to monitor all electronic payments
The Payment and Settlement System Bill 2024 was tabled in the parliament on Monday to bring all electronic payment by banks and nonbank payment service providers under the supervision of the Bangladesh Bank....
UPs to get administrator if election not held in time
The Local Government (Union Parishad) (Amendment) Bill 2024 was tabled in Jatiya Sangsad to make a provision for appointing administrators at union parishads on the expiry of the five-year tenure of the elected representatives...