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2024-09-15 13:58:53

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#note17wj…kh38

2024-09-15 13:58:42

Talks with US delegation held on economic reform, financial sector support: Salehuddin
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Bangladesh government discussed economic reforms and financial sector support with a US delegation; Dr Salehuddin Ahmed confirmed the talks after a meeting at State Guest House Padma on September 15, 2024; USAID to provide $202.25 million grant for good governance, social and economic opportunities, and resilience; 6th amendment to the Development Objective Grant Agreement signed; key figures included AKM Shahabuddin, Reed J Aeschliman, Brent Neiman, and Donald Lu; discussions included export diversification, technical assistance, revenue and tax reforms, and repatriation of siphoned funds; USAID has committed $954 million from 2021-2026, with $425 million provided so far; USA has been a development partner of Bangladesh since 1972, contributing over $8 billion.
#Bangladesh #UnitedStates #SalehuddinAhmed #Usaid #EconomicReform #FinancialSupport #GrantAgreement #DevelopmentAssistance #Governance #RevenueReform
https://www.newagebd.net/post/economy/245333/talks-with-us-delegation-held-on-economic-reform-financial-sector-support-salehuddin

2024-09-14 19:59:49

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#note13zh…vrvf

2024-09-14 19:59:49

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#note13zh…vrvf

2024-09-14 19:59:37

US pvt sector can boost Bangladesh’s growth: embassy
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US embassy in Dhaka emphasizes that the American private sector can enhance Bangladesh's growth through trade and investment, contingent on appropriate economic reforms; Key figures present include Brent Neiman, Jerrod Mason, Helen LaFave, and Syed Ershad Ahmed; Meeting held on September 14, 2024, in Dhaka; US delegation's visit marks the first since the formation of the interim government led by Muhammad Yunus on August 8, 2024; Discussions will cover economic growth, financial stability, and development needs; Donald Lu, US assistant secretary of State, will join the delegation soon.
#Bangladesh #UnitedStates #Economy #Investment #Trade #UsEmbassy #MuhammadYunus #BrentNeiman #ForeignRelations #Development
https://www.newagebd.net/post/economy/245243/us-pvt-sector-can-boost-bangladeshs-growth-embassy

2024-09-09 19:56:37

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#note15vx…yjc0

2024-09-09 19:56:26

European stocks, dollar recover from US jobs disappointment
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European stock markets and the dollar recovered on September 9, 2024, after significant declines due to concerns about the US economy; investors are anticipating an interest-rate cut from the European Central Bank (ECB) on September 12, 2024, as eurozone inflation approaches the ECB's 2% target; the US non-farm payrolls report showed only 142,000 jobs created in August, raising expectations for a Federal Reserve rate cut; analysts debate whether the Fed will cut rates by 25 or 50 basis points; disappointing revenue forecasts from Broadcom added to negative sentiment in the tech sector; Asian semiconductor stocks fell, with TSMC down over 2%; oil prices recovered slightly after OPEC delayed output boosts.
#EuropeanStocks #UsJobs #Disappointment #DollarRecovery #Ecb #Inflation #FederalReserve #Broadcom #Semiconductors #OilPrices
https://www.newagebd.net/post/mis/244821/european-stocks-dollar-recover-from-us-jobs-disappointment

2024-08-23 19:18:49

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#note109v…8qjz

2024-08-23 19:18:38

BoJ’s Ueda flags more rate hikes if economy, inflation on track
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Bank of Japan governor Kazuo Ueda indicated potential interest rate hikes if inflation and economic performance align with forecasts; this follows a surprise rate increase on July 31, 2024, the second in 17 years; Ueda noted core inflation rose to 2.7% in July, driven by higher costs in electricity, gas, and processed food; market volatility was highlighted, with the yen strengthening against the dollar, reaching 145.29; the Nikkei 225 index fell over 12% on August 5, 2024, amid fears of a US economic slowdown; Ueda described the July rate hike as 'appropriate' due to rising wages.
#BankOfJapan #KazuoUeda #InterestRates #Inflation #Economy #Yen #Nikkei225 #FinancialMarkets #CoreInflation #MonetaryPolicy
https://www.newagebd.net/post/banking/243353/bojs-ueda-flags-more-rate-hikes-if-economy-inflation-on-track

2024-08-14 17:43:37

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#note1qnz…hkfm

2024-08-14 17:43:37

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#note1qnz…hkfm

2024-08-14 17:43:25

Yunus urges RMG industry to aid in rebuilding economy
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Nobel laureate Muhammad Yunus, chief adviser to the interim government, called on the country’s garment manufacturers to support the rebuilding of Bangladesh after 15 years of economic plunder under the dictatorship of Sheikh Hasina; Yunus emphasized the challenges inherited by the interim government and urged the manufacturers to keep their businesses separate from politics; BGMEA leaders expressed their full support for Yunus’s leadership and requested the formation of a task force to address sector-specific challenges; BGMEA director Shovon Islam expressed optimism about the future under Yunus’s leadership and outlined the short-term and long-term needs of the industry; Yunus promised to address their concerns and help the industry; Dhaka stocks rebounded strongly; the interim government appointed Abdur Rahman Khan as NBR chairman; Rizwana warned of stern action against graft and irregularity; ADB engaged with the interim government to support development.
#Rmg #MuhammadYunus #Bangladesh
https://www.newagebd.net/post/apparel/242568/yunus-urges-rmg-industry-to-aid-in-rebuilding-economy

2024-08-13 20:22:10

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#note1jjm…hez6

2024-08-13 20:21:58

Global stocks diverge, as oil prices cool
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Europe's main stock markets fell Tuesday after gains in Asia; US inflation figures expected to be the main focus this week; Crude futures dropped Tuesday but remained well up over the week; The White House warned of possible attacks by Iran and its proxies against Israel; Investors remained cautious before US consumer and wholesale price figures; Asian markets extended a strong start to the week; London gave up early gains after data showed Britain's unemployment rate had dropped; German investor confidence worsened more than expected in August
#StockMarket #UsInflation #InterestRate
https://www.newagebd.net/post/stocks/242493/global-stocks-diverge-as-oil-prices-cool

2024-08-02 19:38:12

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#note14gw…ak85

2024-08-02 19:38:00

Global stocks sink after weak US jobs data
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Stock markets tumbled on Friday over concerns about the health of the US economy after data showed the US jobs market cooled much more than expected in July; Wall Street opened sharply lower, with the tech-heavy Nasdaq shedding more than 2.5 per cent, adding to the previous day’s losses with tech giant Intel sinking more than 28 per cent; European stock markets were also in the red, with Frankfurt and others falling two per cent or more, while the dollar and oil prices fell; The Tokyo stock market tanked by almost six per cent due to a stronger yen and the prospect of interest rate hikes in Japan; The United States added 1,14,000 jobs last month, down from June’s revised figure of 1,79,000, while the unemployment rate rose to 4.3 per cent, according to government figures; Shares in US chip titan Intel sank more than 28 per cent after it announced it would slash more than 15 per cent of its workforce — about 18,000 jobs — as it streamlines operations.
#StockMarkets #UsEconomy #JobsData #Nasdaq #Intel #TokyoStockMarket #Yen #InterestRateHikes #UnemploymentRate
https://www.newagebd.net/post/stocks/241493/global-stocks-sink-after-weak-us-jobs-data

2024-07-25 20:40:06

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#note1kfp…cfax

2024-07-25 20:39:55

US economy beats growth expectations in Q2
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The US economy grew 2.8% in Q2, surpassing expectations of 1.9% growth; The growth was driven by consumer spending and inventory building; Sectors like manufacturing and housing have been struggling due to high interest rates; Consumption has remained strong due to a robust labor market and wage growth; President Joe Biden has struggled to address concerns about rising costs of living; Unemployment has been edging up, but it is due to entrances into the job market rather than layoffs; The US Federal Reserve may consider cutting rates in September to avoid weakening employment growth and the economy.
#UsEconomicGrowth
https://www.newagebd.net/post/economy/240838/us-economy-beats-growth-expectations-in-q2

2024-07-06 19:39:13

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#note1553…xmkm

2024-07-06 19:39:01

Fuel shortages a bitter pill for Cuba’s sugar cane industry
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Cuba's sugar cane industry is facing a severe economic crisis marked by frequent power blackouts and shortages of fuel, fertilizer, and pesticides. Reinaldo Espinosa, the boss of a sugar cane-producing cooperative, described the current situation as the worst in the industry's history. Output has fallen from 84 to 28 tons of cane per hectare in the past five years due to obstacles such as zero fertilizer, zero herbicide, fuel shortages, and power blackouts. The number of sugar mills in Cuba has dropped from 156 to 56, and the 2022-2023 harvest barely reached 350,000 tonnes, only 4.4% of what the country produced until the early 1990s. Cuba's economic crisis, worsened by the pandemic, has led to a fresh wave of power blackouts and a lack of fuel and equipment for repairs. The industry is struggling with hardship and uncertainty, with limited resources and equipment to work with.
#Cuba #SugarCaneIndustry #FuelShortages #EconomicCrisis
https://www.newagebd.net/post/business-economy/239493/fuel-shortages-a-bitter-pill-for-cubas-sugar-cane-industry

2024-06-28 17:22:52

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#note1vzj…4525

2024-06-28 17:22:41

IMF slightly downgrades US economic forecast for 2024
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The International Monetary Fund (IMF) has slightly downgraded its economic forecast for the United States in 2024. The US economy is now expected to grow 2.6% this year, down 0.1 percentage point from the IMF's previous forecast in April. Despite the downgrade, the IMF praised the US economy for its strength, dynamism, and adaptability to changing global conditions. The IMF also highlighted stronger-than-expected employment growth and a less costly disinflation process. However, the IMF warned about the impact of the ongoing expansion of trade restrictions and the large fiscal deficit, which creates a sustained upward trajectory for the public debt-GDP ratio. The IMF expects the Federal Reserve to hit its inflation target by mid-2025, slightly ahead of the median forecast from the US central bank's rate-setting committee. The IMF's inflation forecast is more optimistic than the Fed's. The IMF and US Treasury secretary Janet Yellen discussed the remarkable performance of the US economy over the past few years, including economic growth and employment that continue to exceed expectations.
https://www.newagebd.net/post/mis/238729/imf-slightly-downgrades-us-economic-forecast-for-2024

2024-06-01 21:44:30

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#note12ww…6zw7

2024-06-01 21:44:19

Rape victim demands immediate arrest of rapists, justice
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A housewife in Rajshahi, Bangladesh, who was allegedly raped by a gang, demanded the immediate arrest of the rapists and proper justice. The woman reported that the rapists used to gather and take drugs inside a neighboring government warehouse. After the police arrested some of them, they beat her husband, suspecting he had provided their information to the police. Three days later, the woman was raped by a group of six men while returning home from the market. She lost consciousness during the assault, and the rapists fled, believing she had died from excessive bleeding. Locals rescued her and she was admitted to Rajshahi Medical College Hospital. After being released from the hospital, the victim's husband went to the Chandrima police station to file a case, but was asked to file a case with the court instead. The couple filed a rape case against six people with the court on May 9. The police have not arrested any of the accused, causing doubts about a fair investigation. The officer-in-charge of Chandrima police station stated that he was on leave when the incident happened and was later informed that the victim did not go to the police station to file a case. However, a case was filed with the court and the police are investigating and trying to arrest the accused.
#Rape #Arrest #Justice #GangRape #Police #Court
https://www.newagebd.net/post/Country/236648/rape-victim-demands-immediate-arrest-of-rapists-justice

2024-05-30 15:48:58

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#note1u95…czpc

2024-05-30 15:48:46

Country’s people astonished seeing salaried govt officer owns crores of takas: Justice Hafiz
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Outgoing Supreme Court judge, Justice Mohammad Abdul Hafiz, expressed astonishment at a salaried government official owning crores of takas in his farewell speech. He called for the government to take responsibility to stop such accumulation of wealth. The comments were made amidst investigations into corruption allegations against former inspector general of police Benazir Ahmed and restrictions imposed on former chief of Bangladesh Army, Aziz Ahmed, and his family by the United States. Justice Abdul Hafiz also highlighted the damaging effects of corruption on the country's achievements and urged for the office and court to be kept free from corrupt individuals. He criticized the filing of false cases as a tool to harass opponents and waste the court's time. Justice Abdul Hafiz called for proper legal assistance from lawyers to ensure the right decisions are reached.
#Corruption #Government #Justice #Bangladesh
https://www.newagebd.net/post/country/236477/countrys-people-astonished-seeing-salaried-govt-officer-owns-crores-of-takas-justice-hafiz

2024-05-27 18:40:58

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#note1jh5…stlx

2024-05-27 18:40:46

Taiwan continues toward US-engineered ‘ukraine-isation’
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The Chinese Island province of Taiwan is being targeted by the US and its political proxies to consolidate political control and transform it into a geopolitical 'battering ram' against China. The US-backed Democratic Progressive Party's Lai Ching-te has taken office as the local administration's 'president,' continuing the policy of integrating Taiwan further with the United States. Taiwan's local economy has suffered as the island's administration attempts to reduce its 'dependency' on China. Taiwan is recognized as a province of China by the United Nations, the 'One China' policy, and the constitution of the Taiwan-based 'Republic of China' itself. The US policy in recent years has been focused on promoting separatism in Taiwan, building up the military forces of the island's administration, and aiding it in consolidating political control over the island to pivot the population toward an anti-China, pro-separatist footing. The ultimate goal is to use Taiwan as a means of complicating China's rise and raising the cost significantly for the eventual reunification of Taiwan with the rest of China. The US-backed DPP remaining in office in Taipei ensures the danger of Taiwan becoming the next 'Ukraine' remains a high likelihood. Taiwan's local economy will continue to suffer as the current administration pivots away from China and further subordinates itself to US foreign policy objectives.
#Taiwan #Us #China #Geopolitics #Separatism
https://www.newagebd.net/post/opinion/236222/taiwan-continues-toward-us-engineered-ukraine-isation

2024-05-24 19:18:51

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#note1qhc…f05w

2024-05-24 19:18:39

Global stocks diverge as US rate cut hopes diminish
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Wall Street swung higher but European stocks fell on Friday as investors fret over data suggesting the US Federal Reserve could keep interest rates higher for longer. Asian and European stock markets fell following Wall Street losses Thursday as better-than-expected US data compounded worries the Federal Reserve will hold off on cutting interest rates this year. European and US indices have rallied to new records in recent days thanks to solid first quarter earnings by companies and their positive outlook despite the fact it is looking increasingly unlikely the Fed will begin cutting interest rates this year. Other data showing the US economy is coping with high interest rates, thus reducing any pressure on the Fed to cut them, has also been denting confidence in a quick reduction in borrowing costs. London was additionally hit by data showing a 2.3-per cent April slump in UK retail sales, days after hotter-than-expected inflation doused chances of a Bank of England rate-reduction any time soon.
#Stocks #UsFederalReserve #InterestRates #WallStreet #EuropeanStocks
https://www.newagebd.net/post/stocks/235982/global-stocks-diverge-as-us-rate-cut-hopes-diminish

2024-05-04 22:27:26

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#note1dn4…9g3n

2024-05-04 22:27:15

India, Japan hit back at Biden for ‘xenophobic’ remark
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India's foreign minister, S. Jaishankar, has refuted US President Joe Biden's comments suggesting that India and Japan were struggling economically because they rejected immigrants. Jaishankar stated that India's economy is not faltering and that India has historically been open to different people from different societies. India is one of the world's fastest-growing economies with annualized GDP growth of 8.4 percent. Biden had lumped India and Japan together with China and Russia, claiming that they were xenophobic and did not want immigrants. Japan responded by calling the characterization 'unfortunate' and misguided, stating that the comments were not based on an accurate understanding of Japan's policy. The White House has downplayed Biden's remarks, stating that he was trying to send a broader message that the United States is a nation of immigrants.
#India #Japan #Biden #Xenophobic #Immigration
https://www.newagebd.net/post/south-asia/234376/india-japan-hit-back-at-biden-for-xenophobic-remark

2024-05-03 07:09:28

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#note10pp…0hl5

2024-05-03 07:09:17

Turkey says suspending all trade with Israel
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Turkey has announced the suspension of all trade with Israel until it allows unhindered aid to enter Gaza during its offensive against Hamas. The trade ministry stated that exports and imports to and from Israel have been suspended until the Israeli government authorizes an uninterrupted flow of humanitarian aid to Gaza. This move comes after Turkey restricted exports to Israel in April, further degrading relations between the two countries. The Gaza Strip is currently facing a humanitarian crisis due to Israel's ongoing war against Hamas, with the United Nations and aid agencies warning of an impending famine. The war began with Hamas's attack on Israel on October 7, resulting in the deaths of 1,170 people, mostly civilians. Israel estimates that 129 captives seized by militants during the attack remain in Gaza, with 34 of them confirmed dead. Israel's retaliatory offensive against Hamas has killed at least 34,596 people in Gaza, mostly women and children.
#Turkey #Israel #Trade #Gaza #Hamas
https://www.newagebd.net/post/middle-east/234208/turkey-says-suspending-all-trade-with-israel

2024-04-21 20:02:34

Hundreds in Niger tell US troops to go home
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Hundreds in Niger protested against the US troop presence in military-ruled Niger, demanding an orderly withdrawal. The United States agreed to withdraw its more than 1,000 soldiers from the African nation where it built a $100 million base for drones. The demonstration took place in the town of Agadez, home to a US air base. The protest was organized by a group of 24 civil society associations that have supported the regime since last year's coup. The Nigerien military announced last month that it was breaking off a defense agreement with the United States, claiming it had been imposed and the US troop presence was illegal. The US pullout marks a new regional gain for Russia, which has been increasing its focus on Africa and backing military regimes in neighboring Mali and Burkina Faso.
#Niger #UsTroops #Protest #Withdrawal #CivilSocietyAssociations #DefenseAgreement #Russia
https://www.newagebd.net/post/africa/233201/hundreds-in-niger-tell-us-troops-to-go-home

2024-04-21 11:52:11

Bangladesh ambassador to US urges expatriates to send money legally
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Bangladesh ambassador to the United States Muhammad Imran has urged expatriate Bangladeshis to send remittances through legal channels to strengthen the country's economy. He also called upon them to project the country's success stories to improve its image abroad. The ambassador made these remarks at the Customers' Gathering and SECI App Campaign of Sonali Exchange in Washington DC. The event aimed to create awareness about sending remittances to Bangladesh legally. The CEO of Sonali Bank discussed the bank's efforts to provide services to the people. The ambassador highlighted the consular services provided by the Bangladesh embassy in Washington DC. Expatriate Bangladeshis living in Washington DC and its adjoining states attended the event.
#Bangladesh #Expatriates #Remittances #Economy #SonaliExchange #SonaliBank
https://www.newagebd.net/post/economy/233168/bangladesh-ambassador-to-us-urges-expatriates-to-send-money-legally

2024-04-21 11:52:11

2024-04-20 19:07:06

US vetos palestine bid for UN membership
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On May 18, the United States vetoed a resolution in the Security Council that would have granted UN membership to Palestine. Twelve members voted in favor of the resolution, while the UK and Switzerland abstained. The US has a history of unjustified vetoes to shield Israel from being held accountable. The US's intransigent attitude goes against the UN Charter and its spirit. The author suggests that Israel should be expelled from the United Nations and that the General Assembly could withdraw the accreditation of Israeli diplomats. The US's alliance with Israel has caused it to lose authority and credibility in the eyes of the global majority. The US and Israel are seen as dangerous bullies, and the US is complicit in Israel's illegal actions. The US is caught in abstruse ideologies that are incompatible with international law. The American people are essentially disenfranchised as both political parties are caught in the Israeli web. The US mainstream media rejects the idea of supporting Palestinians and accuses those who do of anti-Semitism.
#Us #Palestine #Un #Israel #Veto #InternationalLaw
https://www.newagebd.net/post/opinion/233109/us-vetos-palestine-bid-for-un-membership

2024-04-20 19:07:06

2024-04-20 18:37:08

2024-04-20 17:45:49

ADB to provide $71 million for water resources management
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The government of Bangladesh has signed a $71 million loan agreement with the Asian Development Bank (ADB) for the 'Climate-Resilient Integrated Southwest Project for Water Resources Management'. The project aims to ensure climate-resilient water resources management and will be implemented by the Bangladesh Water Development Board under the Ministry of Water Resources. The objectives of the project include improving agricultural, fisheries, and other related development through an improved drainage congestion system, implementing integrated water resources and participatory water management plans, providing improved infrastructure and support services for sustainable development, and establishing Water Management Organisations. The project will be implemented from January 2024 to December 2028, and the ADB loan is repayable in 25 years with a fixed interest rate of two percent. ADB has been a major development partner of Bangladesh since 1973, with a total loan amount of $31,547.47 million and a total grant amount of approximately $571.2 million.
#Adb #LoanAgreement #WaterResourcesManagement #BangladeshWaterDevelopmentBoard #MinistryOfWaterResources
https://www.newagebd.net/post/economy/233106/adb-to-provide-$71-million-for-water-resources-management

2024-04-20 12:54:36

Man who set himself ablaze outside Trump courthouse dies: NYPD
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Maxwell Azzarello, a man from St. Augustine, Florida, set himself ablaze outside the New York City court where former US president Donald Trump is standing trial. He threw pamphlets into the air before dousing himself with an unspecified liquid and setting himself on fire in a park near the courthouse. He was rushed to treatment but died of his injuries. The incident did not disrupt the hearings in the Trump case, and Trump declined to respond to questions about Azzarello. The article was published on April 20, 2024.
#Selfimmolation #DonaldTrump #NewYorkCity #Trial
https://www.newagebd.net/post/north-america/233095/man-who-set-himself-ablaze-outside-trump-courthouse-dies-nypd

2024-04-19 10:42:13

US veto sinks Palestine’s UN membership bid in Security Council
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The United States vetoed a Security Council measure that would have granted full United Nations membership to Palestine. The move was expected, and comes after more than six months of Israel's military offensive in Gaza. Twelve countries voted in favor of the draft resolution, while Britain and Switzerland abstained. Palestinian leader Mahmud Abbas's office called the US veto 'a blatant aggression.' Despite the veto, the draft resolution received overwhelming support, sending a message that the Palestinians belong as a full member state. The United States has consistently used its veto power to protect Israel and has stated that the UN is not the venue for recognition of a Palestinian state. Israel's government opposes a two-state solution, while the majority of the UN's member states have unilaterally recognized a Palestinian state. UN Secretary-General Antonio Guterres called for an end to the bloody cycle of retaliation and for Israel to allow more aid into Gaza.
#UnitedStates #Palestine #UnMembership #SecurityCouncil #Israel #Gaza
https://www.newagebd.net/post/middle-east/232998/us-veto-sinks-palestines-un-membership-bid-in-security-council

2024-02-18 20:00:31

Yemen, Palestine and end of US legitimacy
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The article discusses the conflict in Yemen and the role of the United States in supporting the Saudi-led coalition. It highlights the devastating impact of the war on the Yemeni people, including high death tolls, cholera outbreaks, and famine. The article criticizes the US government for its military support to Saudi Arabia and the United Arab Emirates, which has contributed to the humanitarian crisis in Yemen. It also mentions the invisibility of the conflict in the Western media and the lack of accountability for war crimes. The article further discusses the US government's designation of the Houthi rebels as terrorists and its support for the Israeli government's actions in Palestine. It argues that the US government's actions undermine its legitimacy and calls for a reevaluation of US foreign policy.
#Yemen #Palestine #UsLegitimacy #SaudiArabia #Houthis #HumanitarianCrisis #WarCrimes #Terrorism #Genocide #UsForeignPolicy
https://www.newagebd.net/article/225836/yemen-palestine-and-end-of-us-legitimacy