AFP, Buenos Aires : Poverty in Argentina rose to affect over 52 percent of the population in the first six months of self-declared “anarcho-capitalist” Javier Milei’s presidency, according to official data released Thursday.The report for the first half of 2024 showed that 52.9 percent of Argentina’s 47 million people now live in poverty and nearly one in five are indigent.The poverty figure was up from 41.7 percent in the second half of 2023, said the INDEC statistics agency.Since taking office...
AFP, Hong Kong : Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world’s number two economy.A string of announcements this week has seen leaders cut interest rates, pledge support to the beleaguered property sector, free up banks to lend more and pledge to boost jobs, particularly for the poor.While analysts have warned that the measures — the boldest in years — will not on...
AFP, Paris : From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.World News Day, taking place on Saturday with the support of hundreds of organisations including AFP, aims to raise awareness about the challenges endangering the hard-pressed industry.In 2022, UNESCO warned that “the business model of the news media is broken”.Advertising revenue — the lifeline of news publications — has dried up in recent years, with Internet...
AFP, Shanghai : The Shanghai Stock Exchange was hit by an “abnormal slowdown” in transactions on Friday, saying it was probing the cause of an issue that sent jitters through investors as they rushed in to pick up stocks after China unveiled a string of economy-boosting measures. Equity markets in the city as well as Hong Kong and Shenzhen have rocketed this week in reaction to a raft of much-needed stimulus including help for the troubled property sector, interest rate...
Business Report : The National Board of Revenue (NBR) has relaxed subcontracting laws to boost exports and improve Bangladesh’s economic environment. According to a recent notification issued by the NBR, non-readymade garment (non-RMG) enterprises, particularly those with bonded warehouse licenses, can now subcontract with other manufacturers. This policy adjustment is intended to assure timely deliveries and increase export orders.Subcontracting was previously permitted in all export-oriented sectors. However, the previous government limited this privilege to the RMG sector. This restriction posed...
Business Report : Chief Adviser of the interim government Prof Muhammad Yunus has sought businessmen’s cooperation in the country’s new...
AFP, Beijing : China on Friday cut the amount banks must hold in reserve, a bid to boost its flagging economy by releasing an estimated $142.6 billion in liquidity into the financial market. The move, announced by China’s central bank, comes a day after top officials including President Xi Jinping met and admitted to “new problems” in the world’s second-largest economy. Beijing has this week unveiled a raft of measures to boost its ailing economy, which it has targeted to...
Business Report : NCC Bank organizes a daylong training on “CMSME, Sustainable Finance & Digital Financial Services (DFS)” for the CMSME Relationship Managers for Chattogram region recently. M. Shamsul Arefin, Managing Director & CEO of the bank inaugurates the programme as chief guest while Deputy Managing Director Md. Mahbub Alam, Head of Strategy and Emerging Business Mohammad Ridwanul Hoque, EVP and Chattogram regional Head Ali Tarek Parvez, SVP and Head of SME Sharif Mohammad Mahsin, Nighat Mumtaz, Head of Women...
BSS, Rajshahi : Newly appointed officers of Rajshahi Krishi Unnayan Bank (RAKUB) have been urged to remain well equipped with...
Dr. Tanvir Abir : In the bustling streets of Dhaka, Bangladeshi youths, especially university students, frequently talk about their common...