AFP, GLASGOW  - Scottish champions Celtic confirmed Monday they are parting company with Danish midfielder Thomas Gravesen.

Striker pens new long-term contract at Emirates Stadium

Sky Sports

Arsenal have announced that striker Emmanuel Adebayor has signed a new long-term contract with the club.

The chief Adviser Dr. Fakhruddin Ahmed on Thursday while apprising the President of the steps taken by the government to stabilise the prices of essential commodities, said adequate supply of food would be ensured and market monitoring strengthened during the Ramzan. On the following day 21 BDR outlets in the country including 100 in the city resumed operation offering rice at taka 30 per kg and soybean oil at Tk. 110 per litre, while the OMS operation of rice by the food ministry will resume from August 20 and rice will be sold at Tk. 28 per kg.

AP, NEW YORK -- America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big financial conglomerates should be broken up in order to survive.

Chinese shares slumped to a 20-month low today, with airlines, oil companies and other stocks dropping sharply amid anxiety about the wider economic outlook, reports The Guardian.

Bdnews24.com

Dhaka's cab firms are on the verge of collapse as 70 percent of licensed cabs have been written off the roads, according to a government estimate.

AP, BRUSSELS, Belgium -- Euro nations' trade deficit with the rest of the world came close to balance in June, the EU statistics agency said Monday.

AP, NEW YORK  -- Fewer Americans are reading newspapers and are instead getting their news online, but television remains the leading source of news in the country, according to a survey released Sunday.

Kamran Haider

ISLAMABAD, Aug 18 (bdnews24.com/Reuters) - Pakistan's President Pervez Musharraf, under pressure to step down before he is impeached, will address the nation at 1 p.m. (0700 GMT) on Monday, an official in the president's office told Reuters.

David Wiessler

WASHINGTON, Aug 18 (bdnews24.com/Reuters) - Time is running out for both presumptive presidential candidates, Democrat Barack Obama and Republican John McCain, to name their running mates.

Tbilisi,Aug 18 (bdnews24.com/Reuters) - Georgia's president struck a conciliatory tone towards Russia as its troops were due to start leaving his country on Monday, urging Moscow to discuss ways to avoid "discord for future generations".

Staff Reporter

Mudslides killed at least eleven people at Lalkhan Bazar in Chittagong, and three of a family in Cox's Bazar on Monday, after torrential overnight rains.

His resignation has spared Pakistan a drawn-out battle to impeach him

AP/AFP, ISLAMABAD

He kept the suspense going until the very end. He had built schools, clinics, irrigation projects, he said. He was innocent, chaos threatened. But finally, he had decided to go.

Agency

Some political parties in Bangladesh see the resignation of 'autocrat' Pakistan president Pervez Musharraf as the victory of the people of Pakistan and hoped democracy would strengthen in that country.

CA asks secretaries

Staff Correspondent

Chief adviser Fakhruddin Ahmed Monday asked top civil servants to defy all threats and fear and stick to their jobs in the general elections slated for December.

Invalid visas

Staff Correspondent

Eighty-two Bangladeshis, who were travelling to the United Arab Emirates as migrant workers, were sent back Monday as they could not present the proper visas at Dubai airport, an immigration official said.

Attack on mourning procession

Staff Reporter

Bangladesh Chhatra League held demonstrations on Chittagong University campus Sunday against an attack by Islami Chhatra Shibir supporters on a Bangabandhu mourning procession the previous day.

Says CEC

Staff Correspondent

Attack on doctor

Our Correspondent

Internee doctors at Rangpur Medical College and Hospital went on strike Sunday in protest at the assault of a doctor after the death of a patient, police said.

Trial resumes Monday

Desk Report

Trial of a Tk 3 crore extortion case against former prime minister Sheikh Hasina resumed Monday, after the Supreme Court overrode a High Court ruling that had cancelled the case as illegally tried under emergency powers rules.