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Iceland's government nationalises biggest bank Kaupthing PDF Print E-mail
Friday, 10 October 2008

AFP, REYKJAVIK - Iceland's government nationalised the country's biggest bank, Kaupthing, financial authorities said Thursday, just days after the second and third biggest banks were brought under state control.

"Based on new legislation, the Icelandic Financial Supervisory Authority (FME) proceeds to take control of Kaupthing to ensure continued commercial bank operations in Iceland," the authority said in a statement as Iceland's economy verges on collapse.
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Ukrainian president orders early election PDF Print E-mail
Friday, 10 October 2008

He dissolves parliament after acrimonious collapse of coalition with bloc led by Yulia Tymoshenko

The Guardian Online

Ukraine is in the grip of fresh political turmoil after the president, Viktor Yushchenko, dissolved parliament last night and today ordered an early parliamentary election on December 7.

His move was widely expected. It follows the acrimonious collapse of the ruling coalition between Yushchenko's party and the bloc led by Yulia Tymoshenko, Ukraine's prime minister and the president's former Orange ally.
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No clear winner from landmark Maldives election PDF Print E-mail
Friday, 10 October 2008

AFP, MALE - The first-ever democratic presidential election in the Maldives looked set to go into a second round after Asia's longest-serving leader apparently failed to deliver a knock-out blow to his rivals.

Official results based on roughly two-thirds of ballots cast showed incumbent President Maumoon Abdul Gayoom -- who has run the Indian Ocean archipelago unchallenged for 30 years -- in the lead but short of a majority needed to avoid a tough run-off.
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ANC on verge of split as Mbeki allies break away PDF Print E-mail
Friday, 10 October 2008

Agency

South Africa's ruling African National Congress is on the brink of splitting after senior allies of the toppled president, Thabo Mbeki, said yesterday that they were "serving divorce papers" on the new party leadership under Jacob Zuma because it had abandoned the movement's founding principles and put "our national democracy in danger".

Mosiuoa Lekota, a former political prisoner and party chairman who quit as defence minister when Mbeki was forced out as president last month, said he and other disillusioned officials planned to canvass for support within the ANC in a process that seems to be "leading logically" to the creation of a new political party to run in next year's general election.
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Medvedev promotes new security pact PDF Print E-mail
Friday, 10 October 2008

Russia's president, Dmitry Medvedev, outlined plans yesterday for a new security pact to ban the use of force in Europe and defuse increasing tensions between Moscow and Nato, reports The Guardian.

Yesterday's speech at the World Policy Conference in Evian, France, was intended as a bridge-building exercise after Russia's occupation of Georgia in August, which threatened a new cold war.
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Author's mass-market success upsets Indian literati PDF Print E-mail
Friday, 10 October 2008

Banker finds lucrative niche in chronicling lives of middle-class youth

The Guardian Online

He is the biggest-selling writer in English you've never heard of. His name doesn't grace any Booker list, but it is found on the lips of every college student in India. While the global literati dwell on the fiction of India's past, Chetan Bhagat has become India's favourite writer by embracing the present.
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NATO faces calls for more Afghan troops, spending PDF Print E-mail
Friday, 10 October 2008

REUTERS, BUDAPEST- NATO allies face calls on Thursday to send more troops to fight Taliban insurgents in Afghanistan and boost military spending, despite the prospect of budget cuts due to the global financial crisis.

Defence ministers of the 26-nation alliance hold a two-day meeting in Budapest against a backdrop of a rise in violence in Afghanistan even though there has been a big increase in the size of the NATO-led international force in the past two years.
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World finance chiefs heading for Washington for crunch talks PDF Print E-mail
Friday, 10 October 2008

AFP, WASHINGTON - Finance chiefs from the world's richest nations are set to meet in Washington for a crucial but uncertain meeting at a time of unprecedented fear about the global financial system.

The Group of Seven meeting will bring together finance ministers and central bankers on Friday from the United States, Germany, Japan, France, Britain, Italy and Canada for some collective-thinking on the credit crunch and crashing stocks.
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AL calls for all-party polls, starts nomination work PDF Print E-mail
Friday, 10 October 2008

A top Awami League figure has repeated the party's request to the Election Commission, as well as the government, to take steps to ensure participation of all political parties in the general election, reports bdnews24.com.

AL acting general secretary Syed Ashraful Islam, speaking to reporters at the party president's political office in Dhanmondi Thursday, said: "We want the next general election with the participation of all political parties."
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BNP to sit with govt Oct 15 PDF Print E-mail
Friday, 10 October 2008

Says Siddiqui

Desk Report

BNP has decided to sit with the caretaker government on Oct 15 for a special dialogue, said BNP standing committee member Chowdhury Tanveer Ahmed Siddiqui Thursday.

Siddiqui briefed reporters after attending a meeting of a special BNP committee held Thursday.
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France's Le Clezio wins 2008 Nobel for literature PDF Print E-mail
Friday, 10 October 2008

REUTERS, STOCKHOLM- French writer Jean-Marie Gustave Le Clezio won the 2008 Nobel prize for literature, the prize committee said on Thursday.

The Swedish Academy, which decides the winner of the prestigious 10 million Swedish crown ($1.4 million) prize, praised Le Clezio for his adventurous novels, essays and children's literature.
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Primers to reach districts by Nov 15: NCTB PDF Print E-mail
Friday, 10 October 2008

Bdnews24.com

Primary school textbooks will be reach all districts by Nov 15, to ensure all students have textbooks on the first day of the forthcoming new year, said the National Curriculum and Textbook Board chairman Prof Mocchir Uddin on Thursday.

"As we want to provide the students with new textbooks for January, we'll distribute them to all districts by Nov 15, from where the books will reach schools via upazila authorities," the NCTB boss told bdnews24.com.
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Oil Falls Below $88 PDF Print E-mail
Friday, 10 October 2008

AP, SINGAPORE -- Oil prices fell below $88 a barrel Thursday in Asia on investor fears that crude demand will weaken as turmoil in the financial system pushes economies in the U.S. and Europe into recession.

Light, sweet crude for November delivery was down $1.39 to $87.56 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.
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3 Asian Central Banks Slash Interest Rates PDF Print E-mail
Friday, 10 October 2008

AP, SEOUL, South Korea -- South Korea, Taiwan and Hong Kong all slashed interest rates Thursday, joining in a chorus of cuts by central banks around the world aimed at fighting the global financial crisis.

The moves follow Wednesday's coordinated rate reductions led by the U.S. Federal Reserve and the European Central Bank. China's central bank also cut rates Wednesday, thought did not say if it was part of the joint action.
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Bangladesh falls behind in global competitiveness PDF Print E-mail
Thursday, 09 October 2008

Agency

Bangladesh has slipped four places from last year's ranking among 134 countries in the Global Competitive Report 2008-09 of the World Economic Forum (WEF).

Last year it was 107th. The United States topped the overall ranking. Switzerland is in second position followed by Denmark, Sweden and Singapore.
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Bangladesh gets 5 new Fulbright scholarships PDF Print E-mail
Thursday, 09 October 2008

Food security

Desk Report

The US government has authorised five new Fulbright scholarship positions for Bangladesh, said the ambassador James F Moriarty on Wednesday.

The Fulbright scholarship provides grants for international exchange programmes of scholars, educators, graduate students and professionals, founded by United States Senator J William Fulbright and operating in 144 countries.
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G7 leaders to meet on financial crisis:Germany PDF Print E-mail
Thursday, 09 October 2008

REUTERS, BERLIN- Heads of government from the Group of Seven (G7) leading industrial nations plan to meet this year to discuss the financial crisis, German Deputy Finance Minister Joerg Asmussen said on Wednesday.

Speaking just before the US Federal Reserve led a global round of emergency interest rate cuts in an effort to contain the financial crisis, Asmussen said the G7 leaders would be joined by representatives from major emerging economies.
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EC meets with AL PDF Print E-mail
Thursday, 09 October 2008

The Election Commission sat with the Awami League delegation Wednesday morning at the EC Secretariat, reports bdnews24.com.

The AL delegates led by Syeda Sajeda Chowdhury were there to discuss new electoral laws, amendments to the Representation of the People Order and registration of political parties.
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UK MP backs Sylhet catering college for skilled chefs PDF Print E-mail
Thursday, 09 October 2008

Skilled chefs

Staff Correspondent

Visiting British MP Keith Vaz said Wednesday he would ask his government to support Bangladesh in setting up a catering college in Sylhet to produce skilled chefs and cooks for the UK's curry industry.

Keith Vaz is chairman of the Home Affairs Select Committee for making recommendations on migration issues to the British home affairs ministry.
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Lt Gen Zahir to command UN Mission in Liberia PDF Print E-mail
Thursday, 09 October 2008

Bdnews24.com

Lt Gen ATM Zahirul Alam has been appointmed Force Commander for the UN Peacekeeping Mission to war-ravaged Liberia.

Foreign adviser Iftekhar Ahmed Chowdhury told bdnews24.com Wednesday: "This is an acknowledgement by the UN of the peacekeeping services being consistently provided by Bangladesh."
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Oil Price falls PDF Print E-mail
Thursday, 09 October 2008

AP, VIENNA, Austria -- Oil prices were down Wednesday but off earlier lows on a rate cut by the world's major central banks.

While still down from Tuesday's closing, prices rose somewhat after the U.S. Federal Reserve and other global central banking authorities cut their key interest rates by half a percentage point, in the Fed's case to 1.5 percent.
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