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Chandpur fire guts 6 businesses PDF Print E-mail
Tuesday, 30 September 2008

One dead

Our Correspondent

A local businessman died of 'heart failure' as a roaring blaze gutted six business houses in Chandpur Puran Bazar early Monday, said witnesses.

North Chandpur fire chief Mushfiqur Rahman told bdnews24.com that the fire broke out at 5am in the Batashapotti area of Puran Bazar, totally destroying the six establishments.
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Tarique's treatment to start this week PDF Print E-mail
Tuesday, 30 September 2008

Says his lawyer

Staff Correspondent

The treatment of BNP chief Khaleda Zia's son Tarique Rahman will start towards the end of this week probably at London's Wellington Hospital, his lawyer says.

Advocate Ahmed Azam Khan said at a press briefing on Monday that all expenses of Tarique's treatment will be borne by Khaleda, as announced earlier.
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Oil falls to near $103 PDF Print E-mail
Tuesday, 30 September 2008

Oil prices fell to near $103 a barrel Monday on concern that economic growth will slow across the globe despite a tentative agreement in Washington on a $700 billion bailout package to stabilize the U.S. financial system, reports AP.

By midday in Europe, light, sweet crude for November delivery was down $3.50 to $103.39 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell Friday $1.13 to settle at $106.89.
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Nazrul meets CEC, admitted to hospital PDF Print E-mail
Tuesday, 30 September 2008

Bdnews24.com

BNP joint secretary general Nazrul Islam Khan was admitted on Monday to National Heart Foundation after meeting with chief election commissioner over the DemocracyWatch issue.

"My father was having irregular heart beats on our way to Sirajganj to enjoy Eid-ul-Fitr and he was brought to Heart Foundation," son Anik Islam said to bdnews24.com.
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Obaidul Quader leaves for New Delhi PDF Print E-mail
Tuesday, 30 September 2008

Bdnews24.com

Awami League joint general secretary Obaidul Quader left Dhaka for New Delhi Monday morning to seek medical treatment after he was stopped flying two days before.

Quader's lawyer AKM Amin Uddin told bdnews24.com that his client flew from Zia International Airport at 8:30am Monday on a Jet Airways flight.
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Hong Kong investors in Lehman protest again PDF Print E-mail
Monday, 29 September 2008

AP, HONG KONG -- Investors in Lehman Brothers in Hong Kong held their second protest in a week on Sunday, accusing local banks of misleading them about investment products backed by the failed U.S. investment bank.

Holding signs that said ''Return my blood money'' and ''Crafty salesmanship, sugarcoated poison,'' about 400 people marched through Hong Kong's Central financial district to nearby government headquarters.
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What $700B won't buy: a quick fix for the economy PDF Print E-mail
Monday, 29 September 2008

AP, SAN FRANCISCO -- Not even $700 billion will be enough to spare the United States from more economic anguish if the government's proposed banking bailout pans out like similar desperation moves during the past two decades.

It usually takes years to recover from a financial crisis severe enough for politicians to ride to the rescue with truckloads of taxpayer money.
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Belgian, Dutch officials hold Fortis crisis talks PDF Print E-mail
Monday, 29 September 2008

AFP, THE HAGUE - Dutch and Belgian officials scrambled to hammer out a plan on Sunday aimed at keeping the troubled banking and insurance group Fortis from becoming another victim of the global financial crisis.

Officials in Amsterdam and Brussels held crisis talks late Saturday and into the night Sunday on the Belgian-Dutch firm, whose shares have been hammered by liquidity concerns.
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Bradford & Bingley bank facing nationalisation: report PDF Print E-mail
Monday, 29 September 2008

AFP, LONDON - British bank Bradford & Bingley will be nationalised soon, according to media reports on Sunday, as the global financial crisis appeared set to claim another corporate scalp.

The BBC website, which did not cite its source, said an announcement was due later Sunday and added that parts of Bradford & Bingley would be sold almost immediately to another bank or banks.
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Coke tests Beijing's acceptance of acquisitions PDF Print E-mail
Monday, 29 September 2008

AP, BEIJING -- Coca-Cola's friendly $2.5 billion bid to buy China's biggest juice maker is emerging as a test of whether Beijing will allow foreign companies to buy homegrown businesses -- or force entrepreneurs to serve its vision of creating national economic champions.

Huiyuan Juice Group Ltd., little known outside China but with an estimated 42 percent of its pure juice market, could become a victim of its own success if Beijing deems it too big and famous to fall into foreign hands.
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Damascus car bomb kills 17 PDF Print E-mail
Monday, 29 September 2008

A powerful car bomb ripped through a suburb of the Syrian capital, Damascus yesterday, killing 17 people and injuring 17 more, reports AFP.

The bloodiest attack in Syria in two decades threatened further to destabilise a region already tense following the deployment of 10,000 Syrian troops to the Lebanese border last week ahead of what may be a cross-border incursion.
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Financial markets paralyzed PDF Print E-mail
Monday, 29 September 2008

REUTERS, LONDON- Investors start the final quarter of 2008 this week in an increasingly dysfunctional global market, after weeks of historic turbulence that have prompted a near seizure in lending between banks.

While Washington's $700-billion bailout package is crucial in tackling the worst financial crisis since the Great Depression, doubts remain as to how it could immediately thaw the frozen money and credit market.
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Breakthrough in US talks on Wall Street bailout PDF Print E-mail
Monday, 29 September 2008

AFP, WASHINGTON - US lawmakers said they had reached a "breakthrough" in negotiations early Sunday and were poised to announce a formal deal on an unprecedented 700-billion dollar Wall Street bailout to avert the country's worst financial crisis since the Great Depression.

Senate Democratic Majority Leader Harry Reid attributed the fresh progress to a last-minute intervention by House Speaker Nancy Pelosi.
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Somali pirates, besieged by foreign warships, demand $20 mln PDF Print E-mail
Monday, 29 September 2008

AFP, MOGADISHU - Somali pirates who hijacked a Ukrainian freighter carrying military weapons defiantly demanded 20 million dollars in ransom despite being surrounded by three foreign warships on Sunday.

The spokesman for the pirates, contacted by AFP via satellite telephone, confirmed that they were surrounded by three foreign war vessels off Somalia's central coast and said the ship's crew was "safe and not harmed."
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Radical Left shuns Big Two PDF Print E-mail
Monday, 29 September 2008

Bdnews24.com

The Left Democratic Alliance, consisting of 11 parties, has said it would not join with BNP or Awami League, while alleging that the government in hand with "vested quarters" was trying to stage-manage the upcoming general election.

At a press conference Saturday, the Left alliance made a five-point demand including immediate withdrawal of the state of emergency for holding a free, fair, neutral and acceptable election.
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Taliban kill Afghanistan's most high-profile policewoman PDF Print E-mail
Monday, 29 September 2008

AFP, KANDAHAR, Afghanistan, Sept 28, 2008 - Taliban gunmen shot dead the most high-profile female police officer in Afghanistan and wounded her teenaged son as she left home to go to work Sunday, officials and the militia said.

Attackers waiting outside the home of Malalai Kakar, head of the city of Kandahar's department of crimes against women, opened fire on her car as she left, Kandahar government spokesman Zalmay Ayoobi told AFP.
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Why are mothers still dying in childbirth? PDF Print E-mail
Monday, 29 September 2008

More than 500,000 women die in pregnancy or childbirth every year in the developing world due to lack of proper care, report Rebecca Seal and Katrina Manson.

The Observer Online

It is one of the world's greatest hidden epidemics, but the search for a solution is hopelessly underfunded. On average, every minute of every day a woman somewhere dies in childbirth or pregnancy, the overwhelming majority in developing countries.

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Africa awash in sunlight, but not solar energy PDF Print E-mail
Monday, 29 September 2008

AFP, PARIS - From household solar panels to thermal generators big enough to power a town, sun power has enjoyed explosive growth around the world.

Everywhere, that is, except on the sun-drenched continent of Africa.

With an average daily dose of five-to-seven kilowatts per hour (kWh) for every square metre (10 square feet), Africa has more potential for producing energy from the sun than almost anywhere on Earth, with the possible exception of northern Australia or the Arabian peninsula.
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Hasina likely to return after Oct 17 PDF Print E-mail
Monday, 29 September 2008

Desk Report

Awami League president Sheikh Hasina, at present in the US seeking medical treatment, is expected to return home after Oct 17, a senior party leader said on Sunday.

"Hasina has an appointment with a doctor on
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JAGPA, NPP want to join four-party PDF Print E-mail
Monday, 29 September 2008

Staff Correspondent

BNP chairperson Khaleda Zia Sunday called for unity among nationalist forces to restore democracy, as two 'nationalist' parties approached BNP to join the 4-party alliance.

BNP office secretary Rizvi Ahmed told reporters at a press briefing: "Leaders of Jatiya Ganatantrik Party (JAGPA) and National Peoples' Party (NPP) met our chairperson today."
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Hundreds stranded as Paturia ferries halted PDF Print E-mail
Monday, 29 September 2008

Our Correspondent

Hundreds of homebound people were stranded at Paturia Ferry Terminal Sunday as ferry movement remained suspended for stormy weather since the early hours.

BIWTC sources said ferry movement on Paturia-Daulatdia river route stopped at 1am Sunday due to inclement weather. As a result hundreds of passenger buses and goods were stuck.
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