The overall number of global Covid cases has now crossed 626 million. According to the latest global data, the total case count mounted to 626,084,363 while the death toll from the virus reached 6,559,360 on Saturday morning. The US has recorded 98,523,168 cases so far while 1,087,655 people have died from the virus in the country, both highest counts around ...
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Solar could reduce Bangladesh’s spot LNG imports by 25pc, save $2.7bn
Spot market LNG imports could cost Bangladesh about $11 billion between 2022 and 2024, according to a mini briefing published by Ember, a global energy think tank. Heavy reliance on gas generation, diminishing domestic gas reserves, lack of alternative renewable generation capacity and new coal power becoming increasingly unviable have all led Bangladesh to rely more and more on Liquefied ...
Read More »WB lowers Bangladesh’s GDP growth forecast at 6.1pc as global shocks spread
The World Bank has lowered its forecast for Bangladesh’s economic growth for fiscal 2022-23 by a 0.6 percentage point to 6.1 per cent. While economic distress is weighing down all South Asian countries, some are coping better than others, the World Bank said in a new report released on Thursday. Bangladesh is one of them. The World Bank cut its ...
Read More »Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal
A US judge on Thursday suspended litigation in the saga over Elon Musk’s proposed $44-billion takeover of Twitter, giving the parties until October 28 to finalize the on-again, off-again megadeal. Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 ...
Read More »Bangladesh reports five Covid deaths, 491 cases
Bangladesh on Friday reported five Covid-19 deaths during the last 24 hours while it recorded 491 coronavirus positive cases during the same period. The country reported 10.00 percent Covid-19 positive cases as 4,912 samples were tested during the last 24 hours, said a daily statement of the Directorate General of Health Services (DGHS). The country’s total fatalities rose to 29,380 ...
Read More »Under-fire UK PM Truss fails to calm markets with growth pledge
BIRMINGHAM, United Kingdom, Oct 6, 2022 : Prime Minister Liz Truss vowed to steer the UK “through the tempest” as she closed her party’s tumultuous annual conference on Wednesday, making an unapologetic pitch for economic “growth, growth, growth”. Since succeeding Boris Johnson, Truss has alienated voters, financial markets and many in the ruling Conservative party with a crash programme of ...
Read More »Sugar price hiked, palm oil price lowered
Ministry of Commerce has fixed the price of palm oil at Tk 125 reducing by Tk 8 per litre. Besides, the price of sugar has been increased by Tk 6 per kilogram. The new prices will be effective from Friday. Commerce Secretary Tapan Kanti Ghosh announced the new prices after a meeting with the Bangladesh Vegetable Oil Refiners and Vanaspati ...
Read More »Bangladesh reports another Covid death, 410 cases
Bangladesh reported another Covid-linked death with 410 fresh cases in 24 hours till Thursday morning. The country’s total fatalities rose to 29,375 with the new death. The new cases raised the country’s total caseload to 2,028,524, according to the Directorate General of Health Services (DGHS). The daily case test positivity rate declined to 10.76 per cent from Wednesday’s 13.86 per ...
Read More »Pound at two-week high after spending plan reports
The pound has risen to its highest level for two weeks on hopes Kwasi Kwarteng will bring forward details of how he will cut debt. It rose to $1.14, recovering after the chancellor’s plans to fund tax cuts by extra borrowing rattled investors. The pound remained high despite confusion over when he would set out his debt-cutting plan. It is ...
Read More »Bangladesh reports 2 Covid deaths, 549 cases
Bangladesh reported two more Covid-linked deaths with 549 fresh cases in 24 hours till Wednesday morning. The country’s total fatalities rose to 29,374 with the new deaths. The new cases raised the country’s total caseload to 2,028,114, according to the Directorate General of Health Services (DGHS). The daily case test positivity rate rose to 13.86 per cent from Tuesday’s 13.80 ...
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