Bangladesh News

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Skilled workers could remit $12bn from abroad: adviser PDF Print E-mail
Monday, 26 May 2008

Bdnews24.com

Foreign affairs adviser Iftekhar Ahmed Chowdhury says Bangladesh could earn around $12 billion in remittances every year if unskilled overseas workers could become a skilled labour force.

"At present, 49 percent of Bangladeshi workers serving abroad are unskilled," the adviser said Sunday.
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UNHCR chief arrives Monday to deal with the issue PDF Print E-mail
Monday, 26 May 2008

Rohingya crisis

The UN's refugee agency chief António Guterres will arrive in Dhaka Monday on a two-day visit to primarily deal with Rohingya crisis, reports bdnews24.com.

"During his two-day visit, Guterres will hold talks with government officials to find a solution to some 27,000 Rohingya refugees," a statement of the United Nations High Commissioner for Refugees in Dhaka said Sunday.

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Nazrul championed equal rights: Fakhruddin PDF Print E-mail
Monday, 26 May 2008

Bdnews24.com

National poet Kazi Nazrul Islam championed the cause of oppressed women during his time, said chief adviser Fakhruddin Ahmed Sunday in a speech to mark the poet's 109th birth anniversary.

"Nazrul greatly lauded the role played by our women in society, sacrificing their entitlements,
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Mijarul Quayes next ambassador to Russia PDF Print E-mail
Monday, 26 May 2008

Bdnews24.com

The government has appointed Mohamed Mijarul Quayes as Bangladesh ambassador to Russia, the foreign ministry said in a statement Sunday.

Quayes is currently serving as the high commissioner of Bangladesh to the Maldives.

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UAE ready to boost oil output when needed PDF Print E-mail
Monday, 26 May 2008

REUTERS, SEOUL- OPEC-member the United Arab Emirates is ready to boost oil output if necessary, UAE Oil Minister Mohammed al-Hamli said on Sunday.

The UAE is one of the few members of the Organization of the Petroleum Exporting Countries (OPEC) capable of increasing its output. Under pressure from consumers to act to tame record oil prices, OPEC's top producer Saudi Arabia announced a modest increase of 300,000 barrels per day earlier this month.

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Sri Lanka raises fuel prices, Bangladesh plans hike PDF Print E-mail
Monday, 26 May 2008

Reuters, Colombo- Sri Lanka raised fuel prices and Bangladesh said it planned a hike soon, the latest Asian nations to find they can no longer afford to shield their consumers from soaring world oil prices.

The two poor South Asian countries announced their steps to limit mounting losses at state-owned oil retailers on Sunday, just a day after Indonesia raised fuel prices to cap ballooning fuel subsidies.

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Japan in recycle mode to save energy PDF Print E-mail
Monday, 26 May 2008

CNN

Tokyo: While India worries about its' power woes, Japan which is famous for its tall office towers and cutting-edge consumer gadgets consumes only about half the amount of oil as Americans.

The Japanese housewife Nobuko Masuzawa sorts her trash into ten recycling categories.
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Indian co. snaps merger talks South Africa's MTN Gr. PDF Print E-mail
Monday, 26 May 2008

AP, NEW DELHI  -- An Indian telecommunications company has called off merger talks with South Africa's largest mobile phone network operator, MTN Group Ltd., a company statement said.

Bharti Airtel Ltd. said late Saturday it was pulling out of talks with MTN because the latter presented a different structure than was agreed to earlier this month.
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HSBC chiefs in line for £120m pay bonanza PDF Print E-mail
Monday, 26 May 2008

The Sunday Times

John Waples and Nicola Smith

FIVE directors at HSBC could share a £120m jackpot over the next three years in a controversial pay scheme to be debated at a shareholders’ meeting this week.

The payout, a mixture of cash and shares, would be awarded in full only if the directors at Britain’s biggest bank hit tough profit performance targets significantly ahead of what City analysts are forecasting.
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Mittal swoop on brother’s steel plant PDF Print E-mail
Monday, 26 May 2008

The Sunday Times

LAKSHMI MITTAL, Britain’s richest man, has advanced an emergency €30m (£24m) loan to a cash-strapped Bulgarian steel plant controlled by his brother Pramod.

The loan was made by Arcelor Mittal, the world’s largest steel group, where Lakshmi Mittal is chief executive and, with his family, controlling shareholder.

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Scottish Widows faces £1bn claim PDF Print E-mail
Monday, 26 May 2008

Insurer is alleged to have given ‘negligent’ advice to pension schemes

The Sunday Times

Scottish Widows faces a legal claim for up to £1 billion in compensation over allegations that it gave “negligent” advice to about 100 company pension schemes.

The life assurer, owned by Lloyds TSB, has been accused of encouraging the schemes to give up guarantees that protected against the risk of pensioners living for longer than expected.
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Companies may cry 'uncle' on oil PDF Print E-mail
Monday, 26 May 2008

Reuters, New York- Oil prices will likely take on more importance for the stock market next week as the summer driving season officially kicks off and as more companies are seen feeling the pinch of higher energy prices on their profit margins.

For the week, the Dow fell 3.9 percent, the S&P 500 shed 3.5 percent and the Nasdaq dropped 3.3 percent. For all three indexes, it was their worst weekly percentage drop in three months.

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Potential Facebook IPO keeps investors speculating PDF Print E-mail
Monday, 26 May 2008

REUTERS, NEW YORK- Will it, won't it? If so, when? If not, why not? An entire cottage industry of speculation has built up around the public debut of Facebook, arguably Silicon Valley's hottest Internet company.

Mark Zuckerberg, Facebook's founder and chief executive, has remained mum on the social network's IPO plans, except to tell CBS's 60 Minutes in January that a 2008 IPO is "highly unlikely."

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Buffett blames banks for credit crisis PDF Print E-mail
Monday, 26 May 2008

REUTERS, MADRID- Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.

"The banks exposed themselves too much, they took on too much risk .... It's their fault. There's no need to blame anyone else," he said.
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Japan struggle past Ivory Coast 1-0 PDF Print E-mail
Monday, 26 May 2008

Japan struggled past understrength Ivory Coast 1-0 here Saturday, giving a morale boost to their comeback World Cup qualifying campaign, reports AFP.

Nagoya striker Keiji Tamada volleyed home a left cross from Wolfsburg midfielder Makoto Hasebe on the break in the 21st minute, in a sliding left-foot shot through goalkeeper Aristide Benoit Zogbo's legs.
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Barca line up Sevilla´s Keita PDF Print E-mail
Monday, 26 May 2008

AFP, MADRID - Barcelona have lined up Sevilla's Malian midfielder Seydou Keita on a four-year deal, media reports said Saturday, adding he had already had a medical exam.

Keita, 28, is set to join for a fee of 14 million euros, the reports said, as Barca engage in a summer clearout which is likely to see him replace Portugal star Deco, according to Barcelona-based daily El Periodico de Catalunya.

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Fiery Fidel relishes extra responsibility PDF Print E-mail
Monday, 26 May 2008

REUTERS, KINGSTON- West Indies pace bowler Fidel Edwards is enjoying the extra responsibility caused by the absence of the injured Jerome Taylor during the first test against Australia.

Edwards, 26, completed his sixth career and second successive five wicket-haul in the touring side's first innings, combining raw pace and aggression with levels of control and accuracy he has not always produced.

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Nadal's perfect record under threat in Paris PDF Print E-mail
Monday, 26 May 2008

REUTERS, LONDON- A blistered foot and aching muscles will do nothing to quell Rafael Nadal's yearning to preserve his 100 percent record at the French Open.

Just when it seemed that the Spanish juggernaut may be slowing down on his favourite surface, thanks to a hectic schedule and a rare defeat, Nadal reaffirmed his king of clay status by lifting the Hamburg Masters title last weekend.

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Henin exit opens door for Sharapova, Serbs PDF Print E-mail
Monday, 26 May 2008

REUTERS, LONDON- Justine Henin's decision to call it quits at 25 earlier this month has not so much left a hole at the top of the French Open draw as a gaping chasm which new world number one Maria Sharapova will be aching to fill.  

Henin has won four of the last five grand slams at Roland Garros and her shock retirement has left the field as open as if Roger Federer hung up his strings a fortnight before Wimbledon.

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After deal, aid groups wait for access to Myanmar PDF Print E-mail
Monday, 26 May 2008

AFP, YANGON- Cyclone disaster workers said Saturday they still had no word on when they would get the promised full access to Myanmar, which wants the world to donate 11 billion dollars for reconstruction.

UN Secretary General Ban Ki-moon said he had persuaded military leader Than Shwe to relent on accepting all foreign aid workers, but it was unclear when they would get in --
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Chinese leader says quake death toll may top 80,000 PDF Print E-mail
Monday, 26 May 2008

AFP, YINGXIU - China warned Saturday that the death toll from its worst earthquake in a generation could climb past 80,000, as visiting UN chief Ban Ki-moon pledged the world's support.

The UN secretary general travelled to Yingxiu, the epicentre of the 8.0-magnitude earthquake which turned this former town of 10,000 people in southwestern Sichuan prefecture into rubble.
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