BSS :The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling on governments to help boost supply to ease the constraints behind rising prices.Inflation worldwide has been rising at the fastest pace seen in decades, due to supply constraints amid high demand as countries emerged from the pandemic. It has been exacerbated this year by the Russian invasion of Ukraine and Covid lockdowns in China.Major central...
Economic Reporter :Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – dropped on Monday, the second trading day of the week.The DSE key index, DSEX lost 46.69 points or one percent to close at 4608.05 on the day. Of the 314 issues traded, 77 gained, 196 declined and 41 remained unchanged.Shares worth Tk 456.50 crore changed hands at the DSE on Monday as against Tk 557.63 crore was exchanged on Sunday....
AFP, Davos :Forty of the world’s biggest companies assembled in Davos agreed on Monday to come up with cleaner ways to make and consume plastic as waste threatens the global eco-system, especially in oceans.The plan was announced at the World Economic Forum in the Swiss ski resort, where powerful executives are gathering just days ahead of the inauguration of Donald Trump as US president, who views concern about such environmental issues with suspicion.The planet’s dangerously polluted oceans will contain more...
AFP, New York :Global share markets were mostly lower Wednesday one day after bombings claimed by the Islamic State jihadist group left 31 dead and 270 injured in Brussels. A tumble in oil prices, driven in part by another surge in US commercial crude stockpiles, was as much to blame, pushing down the shares of oil majors and service companies, and dragging down Wall Street especially. But the losses were generally modest as markets showed resilience against the latest terror...
Economic Reporter :The sixth Bangladesh Denim Expo will begin in the city on May 17 to fulfill the needs of the international Denim community through close networking which will ‘amaze’ the whole industry, organisers said on Sunday.Over 10,000 pre-registered visitors, doubled since the last edition, and an expanded roster and exhibitors from 12 different countries for the Denim show that aims to develop understanding and relationship to create a greener future for Denim.The theme for this edition of the expo...
Economic Reporter :The 9th International Bangladesh Infrastructure Innovation and Development (BIID) Expo and Dialogue-2018 will be held at Bangabandhu International Conference Center in the city from March 1 to 4.“The ExpoNet Exhibition in collaboration with Sustainable and Renewable Energy Development Authority (SREDA) and Power Cell of Power, Energy and Mineral Resources Ministry will organize the expo attracting development of green industries and raising awareness on issues of environment protection, technology and innovation stakeholders,” SREDA Chairman Md Helal Uddin said addressing...
Reuters, MUMBAI :Gold demand in Asia remained sluggish this week as higher prices continued to deter physical traders from making...
BSS, Rangpur :Director General (DG) of Department of Agriculture Extension (DAE) AZM Mamtazul Karim has directed his field-level officials to further increase food output through making the ongoing agricultural activities successful.The DG made the directions while addressing different occasions arranged in Rangpur, Dinajpur, Nilphamari and Panchagarh districts under Rangpur and Dinajpur Agriculture Regions during his two-day field level visits on Monday and Tuesday.Director of the Horticulture Wing of the DAE Agriculturist Sunil Chandra Dhar and its Rangpur Regional Additional Director...
AFP, New Delhi :Indians have declared almost $10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi’s moves to crack down on huge piles of black money.Finance Minister Arun Jaitley said the four-month scheme that closed on Friday had resulted in 64,275 declarations of previously undisclosed assets and income, totaling 652.5 billion rupees ($9.8 billion).“With so many people declaring money it shows a significant number of people want to become tax...