Asian traders were biding their time in early trade on Thursday as a healthy lead from Wall Street was tempered by geopolitical concerns and caution ahead of high-level China-US trade talks. All three main US indexes finished in the green…
Category: Economy
Has Suva Expert Dialogue managed to secure climate insurance
By Zulker Naeen In the context of Loss and Damage, most financial instruments that have been proposed did not solve the problems faced by the developing countries. In quest of the financial instruments for addressing Loss and Damage, under the…
US offers $44 million more for displaced Rohingyas
Mohammad Zainal Abedin in NY New York, May 16 – America has come forward with a welcome humanitarian assistance for displaced Rohingyas many of whom took refuge in Bangladesh to escape genocide.
Climate finance: The Paris Agreement’s “lifeblood”
By Friday Phiri Bonn, May 15 (IPS) – As negotiators concluded ten days of climate talks in Bonn last week, climate finance was underlined as a key element without which the Paris Agreement’s operational guidelines would be meaningless.
Sustainable food systems not need new recipes
Many believe that the food and agricultural sector is different to all other economic sectors, that it is unique, and that it requires special economic models to thrive. After all, we expect the global food and agricultural system to respond…
Green development has to be equal for all
IPS caught up with Dr. Frank Rijsberman, director-general of the Global Green Growth Institute (GGGI), at the end of the flagship side event of the GGGI during the 51st Annual Meeting of the Asian Development Bank (ADB) in Manila on…
Asian markets fall, dollar rises as US rate fears return
Asian markets tumbled with Wall Street and the dollar extended gains Wednesday as US interest rate worries resurfaced, while geopolitical issues are also keeping investors cautious. After enjoying a relatively purple patch over the past week, investors were put back…
24 million jobs to open up in the green economy: ILO
World Employment and Social Outlook 2018. ILO flagship report estimates job losses and job creation as the world moves to a greener economy. Geneva (ILO News) – Twenty-four million new jobs will be created globally by 2030 if the right…
Flawed capitalism on both sides of the Atlantic
Given the scale of poverty and inequality in contemporary Britain (and indeed in the United States), no right-thinking person can presumably be fully happy with the organization of a system of rewards that leaves so many people under daily and…
Asian markets down as attention turns back to trade talks
Asian markets fell on Tuesday as trade moves back into view with China and the US holding more high-level talks this week, while oil prices edged higher as tensions in the Middle East simmer.
Quota reform decision soon: Cabinet Secretary
Cabinet Secretary Mohammad Shafiul Alam said the decision over quota reform will be known soon.
The crisis of globalisation: Inevitable war? war
In her most recent book Kari Polanyi Levitt observes that the word “globalization” cannot be found in the Oxford Shorter English dictionaries predating 1994 nor in the spell-check programs of that era. It emerged from nowhere at that time and…
Why Macron in not the new left
Since his election in May 2017, international observers have fairly unanimously welcomed Emmanuel Macron as today’s modernizing figure in French politics and depicted him as a pro-European Social Democrat with an assertive reformist touch. Yet, it took no longer than…
Most Asian markets rise after Wall St rally, ringgit sinks
Most Asia markets rose Monday as investors built on last week’s rally, with another healthy lead from Wall Street providing support, but oil prices retreated from their three-and-a- half-year highs. Malaysia’s ringgit sank almost one percent but stocks were up…
Job quota reform: Class-exam boycott at universities start
Dhaka, May 14 –An indefinite class and examination boycott programme at colleges and universities across the country is underway as the government failed to publish a gazette abolishing the quota system in government jobs within the time-frame given by quota…
Quota protesters give for gazette notification
Dhaka, May 13 – Quota protesters on Sunday gave the government an ultimatum to publish a gazette notification by abolishing quota system in government jobs as per the Prime Minister’s announcement by this afternoon.
BNP demands disclosure of money spent on BB-1
Dhaka, May 13 – BNP senior leader Moudud Ahmed on Sunday demanded the government make public the total amount of money spent on launching Bangabandhu-1 Satellite in the space.
Airbus, Boeing fly into lucrative services market
Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies —…
Another milestone set with Bangabandu-1 launch: PM Hasina
Greeting the country’s people on the occasion of launching of Bangabandhu-1, Prime Minister Sheikh Hasina on Saturday said another milestone has been set with its launching in Bangladesh’s continuous march forward.
Global Pact for Environment raises questions – Russian Foreign Ministry
The Global Pact for the Environment continues to raise questions about ways to harmonize it with the current international rules, the Russian Foreign Ministry said in a statement, commenting on Russia’s decision to vote against a resolution to take steps…
Job quota protesters call 2 hour strike at universities, colleges Sunday
Dhaka, May 12 – Quota protesters will observe a two-hour strike in all colleges and universities across the country on Sunday as their 24-hour ultimatum to the government for publishing a gazette abolishing quota system expired on Thursday.
Economic mobility across generations around the world
If you are born into a low-income family, what are the chances that you will rise higher regardless of your background? The ability to move up the income ladder, both in one’s lifetime and with respect to one’s parents, matters…
FFs to get collateral-free home loan; policy planned
The government has planned to formulate a policy to provide collateral-free home loan for freedom fighters and their heirs.
Over 4m households get solar home systems in BD
DHAKA, May 11 – Over four million remote households were provided with solar home systems while one million improved cook stoves were installed in rural homes under a World Bank (WB) aided project.
BD satellite Bangabandhu 1 launch expected Saturday
SpaceX, the US company handling the launch of Bangabandhu-1, country’s first geostationary communications satellite into orbit, has sought to assure Bangladeshi officials that the rocket will be launched around 4:14 pm (local time) on Friday.
Climate talks: Lively session on common time-frames for NDCs
Bonn, 10 May (Prerna Bomzan) – Parties at informal consultations under the UNFCCC’s Subsidiary Body for Implementation (SBI) agreed to draft conclusions of a procedural nature on common time frames for nationally determined contributions (NDCs) referred to in Article 4.10…
How Europe’s band-aid ensures Greece’s bondage
By Yanis Varoufakis All the happy talk about impending “debt relief” and a “clean exit” from Greece’s third “bailout” obscures an uglier truth: the country’s debt bondage is being extended to 2060. Worse, by ossifying Greece’s insolvency, while pretending to…
Taka 2000bn plundered from banking sector: BNP
Accusing the ruling quarters of plundering Tk 2 lakh crore from the banking sector, BNP on Thursday warned the trial of the plunderers will be held someday in people’s court.
Tk 180,870 crore Annual Development Plan approved
The National Economic Council (NEC) on Thursday approved the highest ever Tk 1,80,869.17 crore Annual Development Programme (ADP) for the next fiscal year (2018-2019), including the organisations’ own fund.
Key reasons why Walmart’s India mega deal matters
Walmart’s move to splash $16 billion on a 77 percent stake in Flipkart, India’s largest e-commerce company, is set to transform the online market in one of the world’s fastest-growing economies. Here are four reasons why the Walmart-Flipkart deal will…