Bangladesh announces fuel price jump, stokes inflation fears
Synopsis by Reuters Aug 06 22
Bangladesh raised fuel prices by around 50% on Saturday, a move that will trim the country's ...Read full article 
Reuters: Bangladesh announces fuel price jump, stokes inflation fears
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| Last Updated | Aug 06 22 |
| Total Articles | 4 |
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- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
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Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
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Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
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- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
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Shiva Narayan Das, one of the designers of the national flag, has died: He died while undergoing treatment in a hospital in Dhaka
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Israel launched a missile attack on Iran: According to Iranian state media, flights have been suspended in several cities.
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"Development stops if you don't vote for your son"- I forgot whether I said this or not: Ekramul Karim
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Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
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Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
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- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
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"We did everything," Guardiola said after the departure: After losing hope of retaining the title, Citizens coach Pep Guardiola said they had done everything ...
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Fire at Children's Hospital, 5 units under control: The fire broke out in the cardiology ward of the hospital around 1:47 pm today
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BUET crowned Asia West champions at ICPC World Finals: The team “BUET Potatoes” from BUET has been crowned the Asia West champions at the ICPC World Finals 2023.
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National flag's first designer Shib Narayan passes away: Freedom fighter Shib Narayan Das, who had designed the first flag of Bangladesh just before the ...
thedailystar.net/news/bangladesh/news/national-flags-first-designer-shib-narayan-passes-away-3590491
Musician Pagal Hasan was killed in a road accident: This incident happened around 6:30 in the morning
bangla.thedailystar.net/news/bangladesh/accident-fire/news-575466
Bottled soybean oil price increases by Tk 4 per litre: Find out the latest on soybean oil prices! Bottled soybean oil prices have increased by Tk 4 ...
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Jay Powell says US inflation ‘taking longer than expected’ to hit target: Comments from Federal Reserve chair come amid mounting doubts about pace of interest ...
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The United States vetoed the proposal to admit Palestine to the United Nations: The draft resolution submitted to the UN Security Council recommended the ...
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Chennai took the English pacer as an alternative to Mustafiz: England's pacer Richard Gleeson has been recruited by Chennai to fill the gap of Mustafiz.
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'At the end of the day, the country comes first', Sujan on Mustafiz: BCB allowed Mustafiz to play IPL till May 1 because of the series against Zimbabwe ...
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‘Hunger games’ with a purpose? Thousands are playing for food in Bangladesh: Well before the sun rises in Chapra, a small village in the northwest of Bangladesh ...
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There is no shortage of fish and rice, there is no shortage of pulses and rice, people's demand is now meat: Prime Minister
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
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Five Italian clubs will play in the Champions League next season: They secured an additional place based on the overall performance of the country's clubs in ...
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If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
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Bank Asia set to take over Bank Alfalah: Bank Asia, a private sector bank, is set to acquire the Bangladesh chapter of Pakistan-based Bank Alfalah ...
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Bangladesh's Marina Tabassum on TIME's 100 most influential people list: Architect Marina Tabassum makes it to TIME 100 most influential people list for her ...
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Barcelona coach complains about bad refereeing: In the 29th minute, Barca defender Ronald Araho was shown a red card for pushing Barcola who was running towards ...
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'Mustafizur has nothing to learn from IPL': Bangladesh Cricket Board's cricket operations chairman Jalal Yunus has defended the board's decision to bring back ...
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Bangla Barshvaran with the participation of ten thousand people in New York: This is the first time that the Bengali New Year is welcomed through Sahasrakantha ...
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Bank Asia takes a step forward in acquiring Bank Alfalah: A day ago Karachi-based Bank Alfalah reported this information to the Pakistan Stock Exchange
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Leverkusen broke Juventus' record of 44 consecutive matches: Xabi Alonso's men last lost on the last day of the Bundesliga last season
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The maximum temperature of the season is 40.7 degrees in Chuadanga: Yesterday also the highest temperature of the country was recorded in Chuadanga at 40 ...
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The price of gold rose again to a new record: Before this, the price of gold per bari was one lakh 17 thousand 573 taka
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Accusation of embezzlement of Tk 6.5 crore against the 'missing' manager of Pubali Bank
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169 out of 798 government primary school buildings in Barguna are vulnerable: The roof plasters of these buildings have fallen out and when it rains ...
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Respond to Iran with sanctions instead of counterattack: US to Israel: The US and Europe continue to try to dissuade Israel from launching a large-scale ...
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Indian Foreign Secretary Vinay Mohan Katra may come to Dhaka on Saturday: During the visit, he will meet with Foreign Minister Hasan Mahmud and Foreign Secretary ...
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The truck driver who hit the auto-rickshaw-private car did not have a heavy vehicle license
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The only gymnasium in Tangail has been a RAB camp for 18 years: RAB has been using the gymnasium building and its premises since 2006
bangla.thedailystar.net/news/bangladesh/news-575471
BNP does not respect the law: Obaidul Quader: Obaidul Quader said, BNP leaders including BNP Secretary General Mirza Fakhrul Islam Alamgir are continuously lying ...
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Shariful-Taskin's pace destroyed Sheikh Jamal, 11 consecutive wins for Abahani: Abahani blasted Sheikh Jamal for 10 wickets at Mirpur Sher Bangla Cricket Stadium ...
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Dhruba Esh admitted to hospital, moved to ICU: Renowned book cover designer Dhruba Esh has been hospitalized due to a lung infection. He was admitted to Health ...
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Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
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Stocks slip below 5,700 points after 35 months: The market dropped as investors panicked seeing the continuous fall of market indices, said a top official of a ...
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Arakan Army attacks another junta border outpost in western Myanmar: The push in Rakhine state follows an assault on a nearby outpost that caused several hundred ...
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Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
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Over 600,000 illegal vehicles plying on the roads: Over 600,000 vehicles in Bangladesh are illegally plying on the roads without fitness certificates ...
en.prothomalo.com/bangladesh/accident/0vvjgccz5l
Wages are not increasing compared to inflation, workers are in severe crisis: According to the data of Bangladesh Bureau of Statistics (BBS), even though wages ...
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Another 4 lakh people are coming into the social security net: In the current financial year, 58 lakh 1000 senior citizens are getting 600 rupees per month
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'One Hundred Years of Solitude': Netflix unveils teaser of Gabriel Garcia Marquez's classic
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India’s election: Has Bangladesh no cause to worry?: Explore the potential impact of India's general elections on Bangladesh and the region ...
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Pubali Bank manager 'missing' with crores of customer's taka: A customer said that the manager borrowed 1 crore 76 lakh taka from him and is now missing
bangla.thedailystar.net/news/bangladesh/news-575101
Musician Pagol Hasan killed in road accident: In a tragic accident in Sunamganj's Chhatak, a head-on collision between a bus and a CNG-powered auto-rickshaw ...
thedailystar.net/entertainment/music/news/musician-pagol-hasan-killed-road-accident-3589621
Severe heat wave in 4 districts: Mild to moderate heat waves are flowing over Dhaka and Rajshahi divisions along with seven districts
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Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
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Bangladesh’s political system has taken on three forms in 50 years: The Prothom Alo editor Matiur Rahman said, these three writings will help in understanding ...
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Forester killing: Rab arrests 2, including mastermind: Two more have been arrested in connection with the murder of forest officer Sazzaduzzaman in Cox's Bazar ...
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Prionty wins PUBG Creative Vision Award as first Bangladeshi: Samia Hossain Prionty, a sixteen-year-old PlayerUnknown's Battlegrounds (PUBG) player from ...
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I am 100% optimistic about winning: Misha Saudagar: "Let the polls be fair and let the artistes vote for the candidate of their choice."
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242 metric tons of Indian sugar seized in Pabna: 23 people have been arrested
bangla.thedailystar.net/news/bangladesh/news-575726
Gold price hits new record again: Jewelers are selling each bhori of gold at Tk 119,637 from 7pm today
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No one should be in a state of insecurity: Nobel laureate Prof Muhammad Yunus yesterday said no one should be in a state of insecurity and apprehension.
thedailystar.net/news/bangladesh/news/no-one-should-be-state-insecurity-3588576
Nature quest: Gems of the forest: The axis deer, chittra horin in Bangla, is one of the most precious belongings of the Sundarbans. This herd was seen wandering ...
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Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
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11 killed in Jhalakathi three-vehicle collision: The accident took place in Gabkhan Bridge area of Sadar upazila
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Dubai floods: Airport partially opened: Airport authorities said that about 1,44 flights were canceled between Tuesday and Wednesday ...
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PBI submits investigation report against Pori Moni: PBI submits investigation report against actress Pori Moni and her costume designer Junaid Baghdadi Jimmy to ...
en.prothomalo.com/bangladesh/crime-and-law/v0b38ggytr
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
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Our movement is not over: Rizvi: Rizvi commented that Awami League general secretary is threatening out of jealousy
bangla.thedailystar.net/news/bangladesh/politics/news-575516
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