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The Financial Express

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Russia to drop out of International Space Station after 2024

Russia to drop out of International Space Station after 2024

-- 2022-07-26 22:27:55

Russia will opt out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country's newly-appointed space chief said Tuesday. Yuri Borisov, who was appoint...

Pakistan’s Hina Rabbani cancels trip to Dhaka for D-8 ministerial conference

Pakistan’s Hina Rabbani cancels trip to Dhaka for D-8 ministerial conference

-- 2022-07-26 21:57:39

Pakistan's Minister of State for Foreign Affairs Hina Rabbani Khar has cancelled her scheduled trip to Dhaka to attend the ministerial conference of the D-8 alliance. Confirming the development, a sp...

Russia fines Google $34m for breaching competition rules

Russia fines Google $34m for breaching competition rules

-- 2022-07-26 21:11:40

Russia's competition watchdog fined Alphabet's Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement. Th...

IMF cuts 2022 global growth forecast to 3.2pc

IMF cuts 2022 global growth forecast to 3.2pc

-- 2022-07-26 19:56:56

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materialising and could push the world economy to...

D-8 businesses urged to raise intra trade to $1.3t

D-8 businesses urged to raise intra trade to $1.3t

FE ONLINE REPORT 2022-07-26 19:11:08

The entrepreneurs of the D-8 countries were urged to gear up efforts so that the intra-trade within the group can be raised to US$1.3 trillion. Presently, the intra-trade volume among the D-8 countri...

Dollar jumps to record Tk 111 in open market

Dollar jumps to record Tk 111 in open market

-- 2022-07-26 19:02:47

The volatile kerb market for foreign currencies has seen a new record with the US dollar peaking to Tk 111, a nearly Tk 6 jump from a day earlier, the biggest single-day jump in the history of Banglad...

US and Taliban make progress on Afghan reserves, but big gaps remain

US and Taliban make progress on Afghan reserves, but big gaps remain

REUTERS 2022-07-26 14:17:54

US and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talk...

Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages

Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages

-- 2022-07-26 13:19:45

Crisis-hit Sri Lanka invited on Tuesday expressions of interest from oil companies in petroleum-producing nations seeking to import and sell petroleum products as the Indian Ocean island opens its mar...

South Korea's economy unexpectedly speeds up, pointing to more rate hikes

South Korea's economy unexpectedly speeds up, pointing to more rate hikes

REUTERS 2022-07-26 10:20:08

South Korean economic growth unexpectedly picked up in the second quarter as strong consumption on eased COVID-19 restrictions offset poor exports, supporting the case for further central bank inter...

$1.64 billion remittance in 21 days of July

$1.64 billion remittance in 21 days of July

-- 2022-07-26 09:01:32

Bangladesh received US $1642.75 million (1.64 billion) inward remittance till July 21, thanks to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festi...

Realise $1.50b overdue export proceeds expeditiously

Realise $1.50b overdue export proceeds expeditiously

SIDDIQUE ISLAM 2022-07-26 08:41:14

Banks have been asked to realise overdue export proceeds worth US$1.50 billion forthwith as the central bank tightens its stance to augment foreign-exchange flow into the market. The directive came...

Goods worth $83.68b imported through LCs in FY’22

Goods worth $83.68b imported through LCs in FY’22

-- 2022-07-25 23:25:33

Goods worth $83.68 billion were imported into Bangladesh through letters of credit (LCs) in the last fiscal year, according to recent import data released by Bangladesh Bank. The central bank data sh...

Bangladesh to start talks with India to ink CEPA

Bangladesh to start talks with India to ink CEPA

FE REPORT 2022-07-25 22:25:27

An inter-ministerial meeting agreed to start negotiation to ink the much-expected Comprehensive Economic Partnership Agreement (CEPA) with India to increase trade and investment with the neighbouring...

Income tax return mandatory to buy saving certificates above Tk 0.5m

Income tax return mandatory to buy saving certificates above Tk 0.5m

-- 2022-07-25 20:45:51

From now on, if anyone wants to invest in savings certificates above Tk 500,000, he or she must show proof of last year's income tax return submission. Besides opening an account in Post Office Savin...

JICA to increase funding in important projects in Bangladesh, hopes Kamal

JICA to increase funding in important projects in Bangladesh, hopes Kamal

-- 2022-07-25 19:36:48

Finance Minister AHM Mustafa Kamal has expressed his hope that the Japan International Cooperation Agency (JICA) would increase funding in important projects in Bangladesh alongside lending necessary...

Bangladesh receives $1.64b remittances in 21 days of July

Bangladesh receives $1.64b remittances in 21 days of July

-- 2022-07-25 19:17:11

Bangladesh received US$1.643 billion inward remittance till July 21, thanks to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festivals for Muslims,...

Money changers turn away customers due to limited dollar supply

Money changers turn away customers due to limited dollar supply

-- 2022-07-25 17:29:38

Money changers in Dhaka are eager for a greater supply of dollars as the exchange rate of the currency shot up to a record high of Tk 105.30 amid steep demand. Some customers have left the outlets emp...

Intel to produce Taiwanese company MediaTek's chips

Intel to produce Taiwanese company MediaTek's chips

-- 2022-07-25 17:22:52

US chipmaker Intel Corp, said on Monday it will produce chips for Taiwan’s MediaTek Inc, one of the world's largest chip design firms. The manufacturing arrangement is one of the most significa...

D-8 CCI Business Forum opens in Dhaka Tuesday

D-8 CCI Business Forum opens in Dhaka Tuesday

-- 2022-07-25 17:20:10

The ‘D-8 CCI (D-8 Chamber of Commerce & Industries) Business Forum and Expo 2022’ will be held on Jul 26-27 at the Sonargaon Hotel to commemorate the silver jubilee anniversary of the...

The reason $10b forex reserve in 2010 was not a worry, but today $40b is

The reason $10b forex reserve in 2010 was not a worry, but today $40b is

-- 2022-07-25 15:33:32

Economists have expressed concern just after Bangladesh’s foreign exchange reserves slipped below $40 billion, even though the amount should be capable of meeting three months of impor...

Musk denies 'romantic' affair with Google co-founder Brin's wife

Musk denies 'romantic' affair with Google co-founder Brin's wife

REUTERS 2022-07-25 12:46:12

Tesla Inc boss Elon Musk said late on Sunday on Twitter that he and Google co-founder Sergey Brin remain friends and denied a report that he had been involved in an affair with Brin's wife Nicole Shan...

New National Policy targets 30m jobs by 2030

New National Policy targets 30m jobs by 2030

MONIRA MUNNI 2022-07-25 08:57:40

The government has formulated National Employment Policy 2022 identifying a number of challenges including absence of public and private measures that hinder the skilled workforce generation. The pol...

Stimulus credit flow drops

Stimulus credit flow drops

SIDDIQUE ISLAM 2022-07-25 08:32:33

Loan disbursement under the economic-recovery stimulus packages, particularly for large industries and services sector, drops mainly as prospective clients look averse. With this second-phase disburs...

Economists see long shadows on economic front

Economists see long shadows on economic front

FE REPORT 2022-07-25 08:18:32

Economists suggest the government show "zero tolerance" on capital flight as one of key remedies to tackle the ongoing macroeconomic disequilibrium in Bangladesh, as they see looming challenges. They...

Economists, energy experts suggest sustainable measures for stable macro economy

Economists, energy experts suggest sustainable measures for stable macro economy

-- 2022-07-24 22:52:37

Economists and energy experts on Sunday urged the government to take sustainable measures for a stable macro economy of the country considering the current economic problems are going to stay longer....

D8 eyes implementing PTA next year

D8 eyes implementing PTA next year

FE ONLINE REPORT 2022-07-24 19:51:37

The D8 countries are planning to implement the preferential trade agreement (PTA) by next year. Foreign Minister Dr AK Abdul Momen revealed this on Sunday while briefing reporters on the upcoming D8...

Bangladesh, Kenya sign two MoUs to boost ties

Bangladesh, Kenya sign two MoUs to boost ties

-- 2022-07-24 17:44:48

Bangladesh and Kenya have signed two memoranda of understanding to further strengthen cooperation between the two countries. The two MoUs were signed on cooperation between Foreign Service Academies...

China launches second space station module, Wentian

China launches second space station module, Wentian

REUTERS 2022-07-24 14:09:23

China on Sunday launched the second of three modules to its permanent space station, in one of the final missions needed to complete the orbiting outpost by year's end. A live feed on state broadcast...

Pakistan's financing needs fully met for this year, says central bank chief

Pakistan's financing needs fully met for this year, says central bank chief

-- 2022-07-24 12:19:50

Pakistan's $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that "unwarranted" market concerns about its financial posit...

T-Mobile to pay $350 million in settlement over massive hacking

T-Mobile to pay $350 million in settlement over massive hacking

-- 2022-07-23 19:48:01

T-Mobile US Inc agreed on Friday to pay $350 million and spend an additional $150 million to upgrade data security to settle litigation over a cyberattack last year that compromised information belong...