Day: June 21, 2024
Reuters : North Korea and Russia agreed to provide immediate military assistance if either faced armed aggression, under a pact their leaders signed during Russian President Vladimir Putin’s first visit in 24 years. The pledge is seen as the revival of a mutual defence agreement under a 1961 treaty adopted by the Cold War allies that was annulled in 1990 when the Soviet Union established diplomatic ties with South Korea. The agreement for a “comprehensive strategic partnership” signed by Russian...
Al Jazeera : Romanian President Klaus Iohannis has withdrawn from the race to lead NATO, clearing the way for Dutch Prime Minister Mark Rutte to become the next secretary-general of the transatlantic military alliance. All other NATO members had already backed Rutte, a staunch ally of Ukraine and outspoken critic of Russian President Vladimir Putin, to take over from Jens Stoltenberg, who is stepping down this year after a decade in charge. This week, Hungary lifted its veto on Rutte’s...
Al Jazeera : The tax increases were projected to raise 346.7 billion shillings ($2.7bn), equivalent to 1.9 percent of gross domestic product (GDP), and reduce the budget deficit from 5.7 percent to 3.3 percent of GDP. The cash-strapped government of President William Ruto agreed to make concessions on Tuesday, watering down the bill after hundreds of mostly young protesters clashed with police. But the government will still go ahead with some tax increases and has defended the proposed hikes as...
Business Report : Around 16 lakh tonnes of rice gets wasted in the country every year due to over-polishing, Food Minister Sadhan Chandra Majumdar said on Thursday. “Bangladesh annually produces 4 crore tonnes of rice. Subjecting this rice to five rounds of polishing leads to a 4-5% reduction in its weight. As a result, annual rice production has declined by 16 lakh tonnes,” the minister told journalists after the inauguration of the BMRE project at Ashuganj Silo in Brahmanbaria. “If...
Business Desk : Meghna Insurance Company Limited successfully conducted its 28th Annual General Meeting (AGM) recently using a hybrid system that combined physical presence at Golf Garden, Army Golf Club, Dhaka Cantonment, Dhaka, and online connection through the digital platform. Physically the meeting was attended by Musfiq Rahman (nominated by SW Holdings Ltd), Chairman; Manwar-Uz-Zaman, (nominated by BARWAZ Investments LLC), Vice Chairman; Sarder Saniat Hossain, nominated by ZAMORED Investments LLC, Director Ashim Chowdhury, Independent Director and Chairman of the Audit...
Staff Reporter : The board of directors of Linde Bangladesh has approved a 1540 per cent interim cash dividend based on the audited interim financial statements of the company as of 31 October 2023. That means investors will get Tk 154 per share as against the face value of Tk 10. This is the highest cash dividend declaration since listing with the stock market in 1976. The record date is set on July 9 to avail the cash dividend. In...
AFP : Families of Boeing 737 MAX crash victims on Wednesday asked US authorities to impose a fine of up to $24.8 billion on the aviation giant and proceed with criminal prosecution. The move comes a day after Boeing CEO Dave Calhoun acknowledged the “gravity” of the company’s safety problems and assured a US congressional panel that it was making progress on the issue. Sitting behind him in the audience were relatives of victims of the Boeing 737 MAX 8...