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The Financial Express

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Russia says no agreement yet to extend Black Sea grain deal

Russia says no agreement yet to extend Black Sea grain deal

-- 2022-11-13 13:06:12

Russia said on Saturday there was no agreement yet to extend a deal allowing Ukraine to export grain via the Black Sea, repeating its insistence on unhindered access to world markets for its own...

Global debt levels rose 'substantially' in 2021: World Bank chief

Global debt levels rose 'substantially' in 2021: World Bank chief

-- 2022-11-13 11:46:20

Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring...

Crypto exchange FTX files for US bankruptcy, its CEO resigns

Crypto exchange FTX files for US bankruptcy, its CEO resigns

-- 2022-11-12 18:22:33

Crypto exchange FTX filed for US bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the world. FTX, its aff...

‘Despite Tk 20b credit guarantee, only Tk 1.92b loan disbursed to CMSMEs’

‘Despite Tk 20b credit guarantee, only Tk 1.92b loan disbursed to CMSMEs’

-- 2022-11-12 17:37:18

Bangladesh Bank's deputy governor Abu Farah Md. Nasser has said despite having a credit guarantee scheme of Tk 20 billion for cottage, micro, small, and medium enterprises (CMSME), loans of only Tk 1....

More than 50 countries in danger of bankruptcy, UN official warns

More than 50 countries in danger of bankruptcy, UN official warns

-- 2022-11-12 16:58:22

More than 50 of the poorest developing countries are in danger of defaulting on their debt and becoming effectively bankrupt unless the rich world offers urgent assistance. Head of the UN Development...

Tech billionaires who lost billions in net worth in 2022

Tech billionaires who lost billions in net worth in 2022

Rassiq Aziz Kabir  2022-11-12 15:03:11

2022 has been a rough year for the global economy. Even the billionaires who made their fortune in technology have faced a significant hit as their collective loss amounts to about USD 500 billion. Th...

BD-Japan ties at 50: Prospects of trade, investment in focus

BD-Japan ties at 50: Prospects of trade, investment in focus

FE REPORT 2022-11-12 10:11:38

Foreign minister AK Abdul Momen said although the diplomatic relationship between Bangladesh and Japan has reached 50 years, the two friendly countries are still to exploit their true potential. He s...

Broad money growth gets stymied

Broad money growth gets stymied

JASIM UDDIN HAROON 2022-11-12 08:49:34

Growth in broad money that includes physical currency, some sorts of deposits in banks and very liquid securities gets stymied significantly as Bangladesh tightens belt to navigate a feared oncoming w...

Musk warns of Twitter bankruptcy as more senior executives quit

Musk warns of Twitter bankruptcy as more senior executives quit

-- 2022-11-11 15:02:09

Twitter's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US privacy regulator and the exit of...

Mapping right policies imperative

Mapping right policies imperative

FE REPORT 2022-11-11 11:25:27

Apart from managing finances from different sources, mapping and implementing the right combination of policies are imperative to restore macroeconomic stability in Bangladesh, Dr Ahsan H Mansur said...

Hubble reveals massive star's explosion in blow-by-blow detail

Hubble reveals massive star's explosion in blow-by-blow detail

-- 2022-11-10 18:06:06

About 11.5 billion years ago, a distant star roughly 530 times larger than our sun died in a cataclysmic explosion that blew its outer layers of gas into the surrounding cosmos, a supernova documented...

Momen seeks Brazilian investment in energy, infrastructure, ICT sectors

Momen seeks Brazilian investment in energy, infrastructure, ICT sectors

-- 2022-11-10 16:44:21

Foreign Minister Dr AK Abdul Momen has invited Brazilian investors to invest in the energy, infrastructure and ICT sectors in Bangladesh. He said Bangladesh is the largest manufacturing hub in the re...

Israel harnessing DNA of crops to enhance food supply

Israel harnessing DNA of crops to enhance food supply

-- 2022-11-10 16:38:34

Could the key to securing the world's food supply for the future be hidden in the DNA of crops from the distant past? Scientists in Israel are creating a gene bank from the seeds of local wild crops,...

10 Minute School is looking for a Product Manager

10 Minute School is looking for a Product Manager

FE Online 2022-11-10 15:38:43

10 Minute School is the pioneer of the Ed-Tech industry in Bangladesh. We are teaching more than 2 million students every day through our website, app, and social media to accelerate their learning....

Indian debt attractive, but not enough to lure foreign flows just yet : Fund managers

Indian debt attractive, but not enough to lure foreign flows just yet : Fund managers

FE ONLINE DESK 2022-11-10 13:13:42

Foreign investors are unlikely to enter the Indian government debt market, despite attractive valuations, deterred by near-term headwinds, including a depreciating rupee and high hedging costs. India...

IMF agrees to lend BD $4.5b

IMF agrees to lend BD $4.5b

SYFUL ISLAM 2022-11-10 09:02:33

The International Monetary Fund (IMF) agrees to lend Bangladesh US$4.5 billion to help replenish its foreign-currency reserves, weighed down by high global inflation, in a package that includes wide-s...

IMF loan to lessen economic shocks: Economists

IMF loan to lessen economic shocks: Economists

FHM HUMAYAN KABIR 2022-11-10 08:49:31

Economists see the IMF nod regarding a US$4.5 billion worth of budget support as positive in coping with Bangladesh's prevailing economic shocks. They also observed the IMF's willingness -- expressed...

IBM launches its most powerful quantum computer

IBM launches its most powerful quantum computer

-- 2022-11-09 22:08:00

International Business Machines Corp on Wednesday said it launched its most powerful quantum computer to date called the Osprey, a 433-qubit machine that has three times the number of qubits than its...

'Beaver blood moon' offers world's last total lunar eclipse until 2025

'Beaver blood moon' offers world's last total lunar eclipse until 2025

Reuters 2022-11-09 17:40:24

Nighttime skywatchers from East Asia to North America have been treated to the rare spectacle of a "Beaver blood moon" on Tuesday, as the Earth, moon and sun align to produce a total lunar eclipse for...

Sri Lanka starts its largest port project funded by India's Adani

Sri Lanka starts its largest port project funded by India's Adani

-- 2022-11-09 17:34:40

Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by India's Adani Group, an official said, marking the first foray by an Indian company into t...

Bangladesh, IMF reach initial deal for $4.5b loans

Bangladesh, IMF reach initial deal for $4.5b loans

-- 2022-11-09 16:17:31

Bangladesh and the International Monetary Fund (IMF) have reached a staff-level agreement that would see the country receive a total $4.5 billion in loan support amid global economic uncertainty due t...

BBS data shows inflation further down in Oct

BBS data shows inflation further down in Oct

FE REPORT 2022-11-09 09:25:12

The rate of inflation (point-to-point) dropped further by 0.19 per cent to 8.91 per cent for the second consecutive month in October 2022 thanks to a fall in food prices in the domestic market. In Se...

EDF dollar loan made costlier

EDF dollar loan made costlier

FE REPORT 2022-11-09 09:16:18

The central bank of Bangladesh again raised the interest rate on a dollar loan from the EDF for manufacturers of exportable apparel, in an apparent measure to buttress the country's forex reserves. C...

BB raises interest rate for loans from Export Development Fund

BB raises interest rate for loans from Export Development Fund

-- 2022-11-08 19:10:22

Bangladesh Bank has raised the rate of interest on loans from the Export Development Fund by 1.0 percentage point to 4.0 per cent. The central bank also raised the rate of interest on borrowings from...

Buying Russian oil is to India's advantage: Subrahmanyam Jaishankar

Buying Russian oil is to India's advantage: Subrahmanyam Jaishankar

-- 2022-11-08 18:12:09

India will continue buying Russian oil as it is advantageous for the country, Foreign Minister Subrahmanyam Jaishankar said on Tuesday after meeting his Russian counterpart. India has emerged as Russ...

Bangladesh inflation slips below 9pc in October

Bangladesh inflation slips below 9pc in October

-- 2022-11-08 16:46:21

Planning Minister MA Mannan has said that overall inflation edged down to 8.91 per cent on a point-to-point basis in October and hoped it would maintain the downward trend in the coming days. Meanwhi...

NSSS implementation makes little progress

NSSS implementation makes little progress

FE REPORT 2022-11-08 10:24:16

The implementation of the National Social Security Strategy (NSSS) has made little progress since its formulation in 2015 mainly because of inadequate and weak institutional capacities and lack of awa...

Forex reserves now fall to $34.42 billion

Forex reserves now fall to $34.42 billion

JUBAIR HASAN 2022-11-08 08:37:08

Bangladesh's foreign-currency reserves further dropped as the central bank Monday cleared import bills amounting to US$ 1.35 billion to the Asian Clearing Union (ACU), officials said. With the paymen...

Musk lays out Twitter mission

Musk lays out Twitter mission

-- 2022-11-07 15:37:01

Twitter's new CEO Elon Musk said on Sunday the social media platform's mission was to become the most accurate source of information about the world, sparking debate about how it would achieve that an...

Facebook parent Meta is preparing large-scale layoffs this week: Report

Facebook parent Meta is preparing large-scale layoffs this week: Report

-- 2022-11-07 12:23:15

Meta Platforms is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with...