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Enhanced allocation needed PDF Print E-mail
Wednesday, 07 May 2008

Annual Budget 2008-9

As we have come to know the size of the budget for the fiscal year 2008-9 may cross Tk 100,000 crores , with enhanced expenditure in different social sectors that will aim at reducing public sufferings caused by price spiral of food and other commodities . This is an increase of around 21,000 crores over the current fiscal year budget..
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Cyclone kills nearly 4,000 in Myanmar - state TV PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, BANGKOK - Nearly 4,000 people were killed and thousands were missing in two of Myanmar's devastated cyclone regions, state television reported on Monday, a dramatic increase in the toll from Saturday's storm.

"The confirmed number is 3,934 dead, 41 injured and 2,879 missing within the Yangon and Irrawaddy divisions," MRTV reported as aid agencies said hundreds of thousands of people were without shelter

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Hundreds of thousands without shelter in Myanmar: UN PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Yangon - Hundreds of thousands of people have been left without shelter and drinking water in military-ruled Myanmar after a devastating cyclone tore through the Irrawaddy delta, a United Nations official said on Monday.

Aid agencies scrambled to deliver plastic sheeting, water and cooking equipment from stockpiles in the former Burma. The government says at least 351 died in the cyclone, which tore through the delta region on Saturday before devastating Yangon.

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Barack Obama gains after denouncing pastor: poll PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Washington - Democratic presidential candidate Barack Obama appears to be rebounding from sliding poll numbers in the wake the controversy over his former pastor, according to a CBS News/New York Times poll released on Sunday.

Among Democratic primary voters, the Illinois senator now leads opponent Hillary Clinton by 12 points -- 50 percent to 38 percent -- the poll found.

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Iran rules out halt to sensitive nuclear work PDF Print E-mail
Tuesday, 06 May 2008

Iran ruled out halting its disputed nuclear work on Monday, saying it would not consider any incentives offered by world powers that violated the Islamic Republic's rights to atomic technology, reports Reuters.

Six world powers agreed at a meeting in London on Friday to offer a new incentives package to coax Iran to suspend uranium enrichment, a process which the West believes Tehran wants to master so that it can build nuclear weapons.

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Yemen army warns rebels to heed truce PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, SANAA - Yemen's army has warned rebels led by Abdul-Malik al-Houthi that it will move to subdue them if they fail to implement a truce brought to the verge of collapse by a mosque bombing and days of clashes.

Qatari mediators returned to Yemen's volatile northern province of Saada on Sunday, hoping to salvage the ceasefire agreement that ended six months of fighting between government forces and the rebels last June.

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Clinton dismisses `elite' economists on gas tax plan PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Washington - Democratic presidential candidate Hillary Clinton on Sunday dismissed the "elite opinion" of economists who criticized her gas tax proposal, using a term that has dogged rival Barack Obama in recent weeks.

Obama, meanwhile, accused the New York senator of pandering on gas taxes and saber rattling toward Iran as both candidates gave television interviews before primary contests in North Carolina and Indiana.

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Top US officer says would prefer no war on Iran PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Jerusalem - US military involvement in Afghanistan and Iraq would make it difficult to mount any attack on Iran, the Pentagon's top officer said in remarks broadcast on Monday, adding that he would prefer to avoid a new regional war.

"I actually am very hopeful that we don't get into a position where we have to get into a conflict," Adm. Michael Mullen, chairman of the Joint Chiefs of Staff, told Israel's Channel Ten television when asked if he might recommend that US forces strike Iranian nuclear facilities preemptively.

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Democrats fear divided party after nominee chosen PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Shelbyville, Indiana - US presidential primaries often divide party loyalists, but the drawn-out battle between Hillary Clinton and Barack Obama may leave some Democrats too bitter to band together against the Republicans in November.

Indiana homemaker Ginger Smith, 48, said she was with Clinton all the way and would not vote for Obama. "I believe a woman needs to be in the presidency," Smith said.

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At least 16 people killed in Mexican massacres PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Mexico - Heavily armed men killed at least 16 people, all members of a ranchers' association, in two different massacres in southern Mexico over the weekend, Mexican media said on Sunday.

Some 40 men riding in luxury vehicles and wearing uniforms of an elite police squad shot nine people dead in the town of Petatlan in the state of Guerrero on Sunday, El Universal newspaper reported.

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Iraq says to document Iran `interference` PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Baghdad - Iraqi Prime Minister Nuri al-Maliki has ordered the formation of a committee to compile evidence of Iranian "interference" in Iraq that will then be presented to Tehran, the government spokesman said on Sunday.

Spokesman Ali al-Dabbagh was speaking a day after a delegation from Iraq's ruling Shi'ite alliance returned from Tehran after showing Iranian officials evidence of the Islamic Republic's backing of Shi'ite militias in Iraq. Dabbagh said Iranian officials who met that delegation had denied any meddling in Iraq.

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UN sees world climate change deal in 2009 PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Madrid - The world can reach a significant new climate change pact by the end of 2009 if current talks keep up their momentum, the head of the United Nations climate panel said on Sunday.

The United Nations began negotiations on a sweeping new pact in March after governments agreed last year to work out a treaty to succeed the Kyoto Protocol by the end of next year.

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Bolivia`s richest region votes `yes` on autonomy PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Santa Cruz, Bolivia - Bolivia's richest region of Santa Cruz voted overwhelmingly for autonomy on Sunday in a referendum widely seen as a rejection of President Evo Morales' leftist reforms, exit polls showed.

The ballot was the first of four referendums on greater autonomy from central government being planned by eastern provinces, raising tensions between Morales' supporters and the conservative opposition that is concentrated in the east.

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Boat with 100-plus people sinks in Amazon PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Brasilia - A boat carrying around 110 people, more than twice its capacity, sank on Sunday at dawn on a major river in the Amazon rain forest, rescue workers said.

The boat sank before 6 a.m. on the Solimoes River, about 50 miles from Manaus, a spokesman for the fire department in the town of Manacapuru told Reuters.

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China province records 622 new cases of virus: Xinhua PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Beijing - A province in eastern China recorded 622 new cases of the intestinal virus known as enterovirus 71 on Saturday alone, the official Xinhua news agency said on Sunday.

The figure brought to 5,151 the number of people infected by the virus in Anhui province, Xinhua quoted the provincial health administration as saying. Anhui's worst hit city was Fuyang with 362 cases.

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2009 Ashes itinerary announced PDF Print E-mail
Tuesday, 06 May 2008

Australia in England 2009

Cricinfo.com

The ECB have confirmed Australia's full itinerary for their tour of England next year, which includes seven one-dayers in addition to the usual five Tests. Australia will spend four months in England with the Ashes set to follow the ICC World Twenty20, which takes place in June.

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Asian nations agree to set up crisis fund PDF Print E-mail
Tuesday, 06 May 2008

AFP, MADRID - Finance ministers of 13 Asian nations agreed here on Sunday to set up a foreign exchange pool of at least 80 billion dollars (52 billion euros) to be used in the event of another regional financial crisis.

China, Japan and South Korea will provide 80 percent of the funds, with the rest coming from the 10 members of ASEAN, they said in a joint statement issued

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Yahoo shares plunge after Microsoft drops bid PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, FRANKFURT - Shares in Yahoo Inc fell almost 20 percent in Frankfurt on Monday after Microsoft Corp walked away from its bid for the Internet company.

Yahoo shares were down 19.7 percent in Frankfurt at 14.55 euros ($22.50) at 0820 GMT, while Microsoft rose 3.7 percent. Microsoft on Saturday sweetened its initial $31 per share offer for Yahoo to $33, but then withdrew from the talks when Yahoo Chief Executive Jerry Yang dug in for a price of $37. Yahoo shares closed at $28.67 on Friday.

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Yahoo may face lawsuit flood after talks collapse PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, NEW YORK - Yahoo Inc likely faces a flood of shareholder lawsuits for rejecting a $47.5 billion takeover bid from Microsoft Corp, even if investors find holding the company responsible to be an uphill battle.

Microsoft pulled its sweetened $33-per-share offer on Saturday because the Internet company was holding out for $37 per share, even though Microsoft's price was more than 70 percent above where Yahoo shares were trading before the takeover battle started more than three months ago.

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Buffett says US in recession; banks to face pain PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Omaha, Nebraska - Warren Buffett on Sunday said he does not expect financial markets to panic as write-downs and losses for bad debts mount in the financial services industry, but said those losses were not over "by a long shot."

The world's richest person, who runs Berkshire Hathaway Inc, said at a press conference the Federal Reserve brought markets back from a precipice in March in helping broker JPMorgan Chase & Co's purchase of Bear Stearns Cos, which was on the brink of bankruptcy.

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Hundreds protest against China chemical plant PDF Print E-mail
Tuesday, 06 May 2008

REUTERS, Beijing - About 200 people staged a rare protest in a city in southwest China against construction of a major petrochemical complex, saying it would lead to serious air and water pollution, local media reported on Monday.

Protesters in Chengdu, capital of Sichuan province, marched peacefully for about two hours on Sunday to demonstrate against plans for an ethylene plant and an oil refinery on the city's northern outskirts, the Beijing News said.

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