Most Asian markets in retreat as US inflation data looms

Asian markets mostly fell Monday as investors turn their attention to a key US inflation report later in the week, hoping for a reading that will ease concerns about the Federal Reserve’s interest rate plans. While Wall Street and European shares enjoyed a bright end to last week, Asia continued its weak run, with China’s […]

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Pakistan says Taliban forces building ‘unlawful’ structure in border dispute

Islamabad: Pakistan on Monday said the Taliban administration had tried to encroach on its territory with the construction of an ‘unlawful structure’ and accused Afghan forces of “indiscriminate firing” in an incident that led to the closure of the main border transit point last week. The Torkham border crossing between the neighbouring nations has been closed […]

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Italian PM tells China’s premier of plan to quit Belt and Road Initiative: Italian media

New Delhi: Prime Minister Giorgia Meloni outlined Italy’s plan to pull out of the Belt and Road Initiative (BRI) during a meeting with Chinese Premier Li Qiang at the G20 summit, Italian media reported on Sunday. Italy, seeking to minimise any backlash from the decision from Beijing, would as a replacement aim to revitalise a strategic […]

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Main Afghan-Pakistan border crossing closed as forces exchange fire

Islamabad: The main border crossing between Afghanistan and Pakistan was closed on Wednesday as security forces from both countries exchanged fire, Pakistani security sources said. Local residents reported the sound of gunfire by the Torkham crossing and said people around the busy border area near the Khyber Pass had fled once the firing sarted. Security officials […]

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BGMEA hopeful of expanding Bangladesh-Iraq trade, investment

A delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) headed by President Faruque Hassan met Iraqi Trade Minister Atheer Daoud Salman Al-Ghariri at the latter’s office yesterday. Ambassador of Bangladesh to Iraq Fazlul Bari was also present at the meeting. During the meeting, they had discussions about possible ways of boosting bilateral trade and […]

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Apparel behemoths expanding into new sectors

Textile and garment behemoths in Bangladesh have started ploughing their surplus wealth into new sectors in order to tap the potential in an economy that is growing at a healthy clip and consumers’ purchasing power is rising. Immensely successful garment and textile millers have expanded into sectors such as electricity generation, real estate, agriculture, dairy, […]

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