AFP, LONDON : European stock markets rose at the start of trading Tuesday, the eve of an expected cut in interest rates from the US Federal Reserve that has been long-awaited by investors. London’s FTSE 100 index gained 0.7 percent to 8,335.00 points, one day before key British inflation data and ahead of the Bank of England’s latest decision on borrowing costs due Thursday. In the eurozone, the Paris CAC 40 index won 0.5 percent to 7,486.97 points and Frankfurt’s...
Day: September 18, 2024
AFP, Paris : The market share for electric cars should rebound strongly in 2025 as limits on emissions get stricter and manufacturers propose cheaper models, a study released Tuesday said. Electric vehicles will represent as much as 24 percent of new cars sold in Europe next year, according to a report by think tank Transport & Environment (T&E). “EV sales are expected to rise to 24 percent market share in 2025, supported by an expansion of mass market EV offerings,”...
Business Report : The Islamic Development Bank (IsDB) is likely to come up with an overall support of around $4...
Entertainment Report : Actress Jyotika Jyoti, who also served as the Director of the Research Department at Bangladesh Shilpakala Academy,...
Sheikh Arif Bulbon : Over the past few years, the number of work in Tollywood has increased by the artistes...
Reuters, New York : The Fed is expected to kick off a series of rate cuts on Wednesday, after raising borrowing costs to their highest level in nearly two decades. Markets are pricing in roughly 250 basis points of easing by the end of 2025, LSEG data showed. For investors, a key question may be whether the Fed will cut rates in time to avert a potential economic slowdown. The S&P 500 has slumped an average of 4 percent in...
AFP, Washington : Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. The announcement will come as a major blow to the German and Polish governments that have heavily subsidized the projects and touted them as a boost to their national industry. Intel also said it would pull back on its projects in Malaysia, but said that its US plans...
AFP, GENEVA : Ngozi Okonjo-Iweala, the first woman and first African to head the World Trade Organization, will seek a...
Business Report : Dhaka Bank PLC received the Trade and Supply Chain Finance Program (TSCFP) Awards 2024 organized by Asian...
Anis Chowdhury and Khalilur Rahman : Bangladesh’s White Paper committee will review foreign loan deals signed by the fallen kleptocratic regime. We recommend that it identifies and declares the loans or portions of loans that did not benefit the nation as unpayable, because they were siphoned off the country by corrupt politically powerful elites, or worse used to buy deadly weapons and surveillance equipment to oppress people. Such loans are “odious” – they stink and are detestable. It is not...
It is quite distressing that the country’s fertilizer factories are shutting down one by one due to the insufficient gas supply. A vernacular daily on Monday reported production at the Hazrat Shahjalal Fertilizer Factory in Fenchuganj, Sylhet, came to a halt last week. As a result, many fear a urea shortage in the upcoming Boro season, potentially threatening the country’s food security. We all know that no initiatives were taken for gas exploration during the regime of the fallen autocrat;...
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