Edible oil suppliers assure to end soybean oil crisis
Edible oil suppliers assure to end soybean oil crisis

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVORVMA), an organisation of edible oil suppliers, has assured that the soybean oil crisis in the market will end in a short time. The BVORVMA said in a statement on Sunday that considering the rising demand for...

Australia to impose two-year ban on foreigners buying property
Australia to impose two-year ban on foreigners buying property

The Australian government has announced a two-year ban on foreign entities purchasing existing residential properties, a move aimed at addressing the countrys housing affordability crisis, reports ABC. Today, the government is announcing that we are going to ban foreign ownership of existing...

Argentina’s Milei faces impeachment threat over crypto controversy
Argentina’s Milei faces impeachment threat over crypto controversy

Argentinas opposition lawmakers are considering impeachment proceedings against President Javier Milei after his endorsement of a controversial cryptocurrency led to accusations of misconduct. On Friday, Milei promoted the LIBRA crypto token on X (formerly Twitter), triggering a surge in its...

EU nation confirms resumption of Russian gas supply via TurkStream
EU nation confirms resumption of Russian gas supply via TurkStream

Slovakia has resumed importing Russian natural gas through the TurkStream pipeline after Ukraine halted transit via its territory, Prime Minister Robert Fico announced. The move helps Slovakia avert an energy crisis after Kievs refusal to renew its transit agreement with Moscow forced several EU...

UN SG reaffirms continued support to Rohingya crisis in Bangladesh
UN SG reaffirms continued support to Rohingya crisis in Bangladesh

United Nation (UN) Secretary-General AntónioGuterres has reiterated the UNs continued commitment to a durable solution tothe Rohingya crisis and assured Bangladesh of ensuring funding for the issue. He made the commitment when High Representative of Bangladeshs Chief Adviseron Rohingya Issue...

The politics of ‘Radha Chakra’ and its terrible consequences!
The politics of ‘Radha Chakra’ and its terrible consequences!

Lets start with a story of a helpless businessman. He is 73 and has been engaged in business for 50 years. He used to run a big garments factory in Narayanganj. However, in the period of Covid-19, he suffered a loss of Tk 35 crore, which was followed by a series of crises. At first he was engaged...

World leaders condemn Myanmar military regime on coup anniversary
World leaders condemn Myanmar military regime on coup anniversary

Marking four years since the military coup in Myanmar, world leaders have issued a strong joint statement condemning the regimes escalating violence against civilians. Representatives from Australia, Canada, the European Union, South Korea, New Zealand, Norway, Switzerland, the United Kingdom, and...

Dhaka tops list of most polluted cities in world on Monday
Dhaka tops list of most polluted cities in world on Monday

Dhaka, the capital of Bangladesh, was ranked as the most polluted city in the world on Monday, according to the latest data from the World Air Quality Report. The report, which tracks global air pollution levels, revealed that Dhakas air quality was severely impacted by high levels of particulate...

CA calls for putting global focus back on Rohingya crisis
CA calls for putting global focus back on Rohingya crisis

Chief Adviser Prof Muhammad Yunus called for putting the global focus back on the Rohingya crisis, saying the influx of about 100,000 more refugees has added further burden on Bangladesh. The situation is getting complicated. They are pushing more Rohingyas to Bangladesh, he said when UN High...

New US initiative to improve livelihoods of Bangladeshis impacted by Rohingya crisis
New US initiative to improve livelihoods of Bangladeshis impacted by Rohingya crisis

US embassy chargé daffaires Tracey Jacobson has joined Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan to launch the new United States Agency for International Development (USAID) Host and Impacted Community Resilience Activity to improve the livelihoods of Bangladeshis affected...

Crisis deepens as debt discipline remains absent
Crisis deepens as debt discipline remains absent

Bangladesh is grappling with a mounting financial crisis, marked by escalating government debt and surging defaulted loans. The governments total debt now stands at an alarming Tk 20.49 trillion, with domestic debt comprising Tk 10.20 trillion and foreign debt totaling Tk 10.13 trillion, equivalent...

No hope on the horizon
No hope on the horizon

From business leaders to ordinary citizens, everyone in Bangladesh is feeling the weight of an escalating crisis. As Abu Ahmed, a former professor at Dhaka University, put it, There is no good news for the common people. Only desperation is growing. More than five and a half months have passed...

A political government needed to overcome the economic crisis
A political government needed to overcome the economic crisis

The countrys business environment has become increasingly inhospitable, with the economy teetering on the brink of stagnation and crisis. Industrial capacity is dwindling, the devaluation of the taka against the dollar has disrupted raw material imports, and worker discontent is mounting as...

World powers urge halt to human rights violations in Myanmar, call for democratic solutions
World powers urge halt to human rights violations in Myanmar, call for democratic solutions

In a unified appeal, the European Union, United States, United Kingdom, Australia, Canada, New Zealand, Norway, South Korea, Switzerland, Timor-Leste, and other nations have issued a joint statement condemning the worsening humanitarian and human rights crisis in Myanmar. The statement, released on...

Factories closing, stagnation in investment
Factories closing, stagnation in investment

With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...

Austria faces snap elections as Chancellor resigns, coalition talks collapse
Austria faces snap elections as Chancellor resigns, coalition talks collapse

Austrias conservative Chancellor, Karl Nehammer, has announced his resignation after coalition talks to form a government, excluding the far-right Freedom Party (FPO), broke down. His surprise departure could lead to snap elections in the Alpine EU nation, or potentially a new negotiation with the...

Economy stuck in quicksand of crisis
Economy stuck in quicksand of crisis

The new year ushers in a deepening economic crisis, exacerbated by money laundering, corruption, mismanagement, and looting. Economists and analysts warn that persistent challenges, such as stagnation in business and trade, labor unrest, declining investment and employment, massive defaults on...

Taliban to halt all NGOs employing Afghan women
Taliban to halt all NGOs employing Afghan women

Taliban has said they will close all national and foreign nongovernmental groups in Afghanistan employing women. This is the latest crackdown on womens rights since they took power in August 2021, reports AP. The announcement comes two years after they told NGOs to suspend the employment of...

Major international crisis ‘much more likely’ in Trump’s 2nd term: Ex-adviser
Major international crisis ‘much more likely’ in Trump’s 2nd term: Ex-adviser

A major international crisis is much more likely in Donald Trumps second term given the president-elects inability to focus on foreign policy, a former US ambassador to the United Nations (UN) has warned. John Bolton, who at 17 months was Trumps longest serving national security adviser,...

Apparel industry in deep crisis: 155 factories closed, millions lost jobs
Apparel industry in deep crisis: 155 factories closed, millions lost jobs

The garment, textile, and knitwear sectors in Bangladesh are in crisis, with industry leaders citing the energy shortage, labor unrest, and instability in the banking sector as the primary causes. These challenges have had a devastating impact on the industry. In the past year alone, 140 factories...

Government plans to drill 100 gas wells to alleviate crisis
Government plans to drill 100 gas wells to alleviate crisis

The government of Bangladesh has unveiled an ambitious plan to tackle the ongoing gas shortage and reduce its reliance on costly LNG imports by drilling 100 new and existing gas wells between 2025 and 2028. The move aims to enhance domestic gas production and ensure a steady supply to industries,...

Global leaders concern over Taliban policies on women, stability
Global leaders concern over Taliban policies on women, stability

Special Envoys and Representatives for Afghanistan from 13 nations, including the UK, US, and members of the European Union, convened in Geneva to address the escalating humanitarian and security crisis in Afghanistan under Taliban rule. Observers from the UN, World Bank, and Organisation of...

What will impact after South Korea's Yoon’s 2nd impeachment vote over martial law attempt
What will impact after South Korea's Yoon’s 2nd impeachment vote over martial law attempt

South Korean President Yoon Suk Yeol is set to face a crucial second impeachment vote on Saturday following his controversial attempt to impose martial law earlier this month. The decree, which lasted less than six hours, shocked the nation, divided his political party, and left his presidency...

US, Kuwait discuss solutions for Middle East humanitarian crisis
US, Kuwait discuss solutions for Middle East humanitarian crisis

The United States and Kuwait held critical discussions this week to address the worsening humanitarian crisis in the Middle East. During the sixth U.S.-Kuwait Strategic Dialogue, conducted virtually from December 9-11, both nations emphasized the urgent need for ceasefires, increased humanitarian...

UN chief urges de-escalation amid Israeli airstrikes on Syria
UN chief urges de-escalation amid Israeli airstrikes on Syria

United Nations Secretary-General Antonio Guterres has expressed deep concern over the hundreds of Israeli air strikes on Syrian territory, calling for an urgent need to de-escalate violence on all fronts throughout the country, according to his spokesman. Meanwhile, United States National...

South Korea's opposition leader Lee advocates impeaching President Yoon
South Korea's opposition leader Lee advocates impeaching President Yoon

South Korean opposition leader Lee Jae-myung said on Friday that the best way to restore order in the country is to impeach President Yoon Suk Yeol. His comments came one day before a scheduled parliamentary vote on Yoons brief imposition of martial law, reports Reuters. Yoons move to impose...

Sudan biggest humanitarian crisis ever recorded: IRC report
Sudan biggest humanitarian crisis ever recorded: IRC report

Sudan has become the biggest humanitarian crisis ever recorded after 20 months of devastating war between rival generals, the International Rescue Committee said in a report released Wednesday. The country accounts for 10 percent of all people in humanitarian need, despite being home to less...

Businesses are in limbo as cash crisis continues
Businesses are in limbo as cash crisis continues

Business owners are facing snags while withdrawing cash. Although the flow of cash has slightly improved recently, the crisis is far from over. Small and Medium Enterprises (SMEs) and individuals traveling abroad are particularly affected. Many have complained that they cannot withdraw large...