Current account deficit shrinks 93% in Jul-Sep, thanks to remittances Remittances from August to October totalled $7.03b, up from $4.9b in the same period last year, marking an increase of $2.13b or 43% since the interim government took office. Thanks to the surge in remittance inflows, Bangladesh’s current account deficit, a key component of the […]
Read MoreThe Bangladesh government has decided to issue a new letter of credit (LC) to Adani Power to pay $173 million, according to a report in the Indian media Economic Times. An official said that the Bangladesh Power Development Board (BPDB) has issued the third LC to Adani Power. Bangladesh Krishi Bank issued this LC; the […]
Read MoreThe International Federation of the Red Cross and Red Crescent Societies (IFRC) said such indemnity insurance funds, which kick in when repeated disasters reach a minimum cost threshold, can protect relief budgets increasingly strained by frequent and severe climate-fuelled hazards. The UN Human Rights Office said on Friday nearly 70% of the fatalities it has […]
Read MoreChina unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president. The measures confirm last week’s Reuters report, and mark a departure from the all-out stimulus strategies to revive […]
Read MoreRussian President Vladimir Putin said that the United States is pursuing a policy of dual containment against Russia and China. However, such a method is now ineffective. He made this statement at the plenary session of the Valdai Discussion Club in Sochi on Thursday. The Russian president said that, unfortunately, the United States is pursuing […]
Read MoreThis time around, Beijing has been preparing for Trump’s return by deepening ties with allies, boosting self-reliance in tech, and setting aside money to prop up the economy that is now more vulnerable to fresh tariffs already threatened by Trump. After Donald Trump first stormed the White House eight years ago, rattled Chinese leaders responded […]
Read MoreMuhyiddin Yassin is also charged with sedition for allegedly insulting a former king and is accused of corruption and money laundering in separate cases. A Malaysian court on Friday ordered former Prime Minister Muhyiddin Yassin to pay more than $300,000 to another politician in a defamation case, adding to the opposition leader’s legal troubles. Muhyiddin, […]
Read More“Only the constitution of Babasaheb Ambedkar will operate in Kashmir… No power in the world can restore Article 370 (partial autonomy) in Kashmir,” Modi said, referring to one of the founding fathers of the Indian constitution. Indian Prime Minister Narendra Modi strongly backed his government’s contentious 2019 decision to revoke the partial autonomy of Jammu […]
Read MoreThe United States has said it wants to see freedom of religion respected in Bangladesh and people are held accountable for any attacks. “We have, in our discussions with Bangladeshi officials, made clear that we want to see freedom of religion respected,” US Department of State Spokesperson Matthew Miller told reporters in a regular media […]
Read MoreA fierce revolt against Israeli Prime Minister Benjamin Netanyahu has spread throughout Israel. The revolt mainly spread after the recent dismissal of the country’s Defense and War Minister Yoav Gallant. On Thursday (November 7), the Tehran-based Mehr News Agency reported that Netanyahu cited a “crisis of trust” as the reason behind Gallant’s dismissal, which has […]
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