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Sri Lanka in ‘final stage’ of IMF talks; budget deficit widens
08/31/2022

Sri Lanka in ‘final stage’ of IMF talks; budget deficit widens

Elon Musk has sent an additional letter of deal termination to Twitter Inc after the world’s richest person subpoenaed a whistleblower seeking documents on how the social media company measures spam accounts. Musk walked away from a $44-billion offer for Twitter in July saying the company misled h...

Sri Lanka in ‘final stage’ of IMF talks; budget deficit widens
08/30/2022

Sri Lanka in ‘final stage’ of IMF talks; budget deficit widens

Crisis-hit Sri Lanka unveiled fresh measures on Tuesday in an interim budget aimed at clinching a bailout package from the International Monetary Fund, talks for which, the president said, had reached the “final stage”. The budget revised up the island nation’s deficit projection for 2022 to 9...

Supreme Court conservatives assert power with ab’ortion, g’un rulings
08/30/2022

Supreme Court conservatives assert power with ab’ortion, g’un rulings

The US Supreme Court’s blockbuster rulings on successive days that eliminated the right to abortion nationwide and widened the rights of gun owners illustrate how its expanded conservative majority is willing to boldly assert its power. In both rulings, the conservative justices delivered long-sou...

Central banks will fail to tame inflation without better fiscal policy, study says
08/28/2022

Central banks will fail to tame inflation without better fiscal policy, study says

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Central banks will fail to control inflation and could even push price growth higher unless governments start playing their part with more prudent...

India appoints new Supreme Court chief justice who is due to retire in November
08/27/2022

India appoints new Supreme Court chief justice who is due to retire in November

Uday Umesh Lalit was sworn in on Saturday as India’s Chief Justice for the Supreme Court, though he is only set to hold the post for 74 days before his retirement falls due in November. Under India’s constitution, Supreme Court justices are required to retire aged 65 years. The chief justice is ...

Dollar eases from near two-decade peak as Jackson Hole looms
08/26/2022

Dollar eases from near two-decade peak as Jackson Hole looms

The US dollar edged back from a near two-decade peak against a basket of major currencies on Thursday as investors awaited a speech by Federal Reserve Chair Jerome Powell the following day for fresh clues on the path for monetary policy. Gains for Australia’s dollar, a liquid proxy for trading Chi...

Japan sees economy picking up modestly, flags looming risks
08/25/2022

Japan sees economy picking up modestly, flags looming risks

Japan’s government described its economy as “moderately picking up” in its monthly economic report, keeping the overall assessment unchanged from the previous month, while noting an upward revision to factory output. While sounding cautiously optimistic on the world’s No. 3 economy, the gove...

Bangladesh seeks to import 50,000 tonnes of wheat
08/24/2022

Bangladesh seeks to import 50,000 tonnes of wheat

Bangladesh is looking to import 50,000 tonnes of wheat. The Directorate General of Food, under the Ministry of Food on Tuesday (16 August) published a notice on its website asking traders to submit bids. Traders have until 1 September to submit bids in a new wheat tender for milling wheat, the notic...

Gold price falls by Tk2,275 per bhori
08/24/2022

Gold price falls by Tk2,275 per bhori

Jewellers in the country have reduced gold prices by highest Tk2,275 per bhori or 11.664 grams. Bangladesh Jewellers Samity (Bajus) took the decision at a meeting on Wednesday (17 August), reads a press release. Explaining the rationale behind the price drop, the Bajus statement said, “As pure gol...

Injured Hasan Mahmud doubtful for Asia Cup
08/24/2022

Injured Hasan Mahmud doubtful for Asia Cup

Pace bowler Hasan Mahmud has picked up a heel injury during practice on Saturday and will be under observation for two days. Hasan recovered from a longstanding injury and returned to the team in the Zimbabwe series. He was impressive there and made the Asia Cup squad as well. The X-ray reports didn...

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