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Scientists struggle to realize South Asia heatwave

Scientists in India and Pakistan say higher temperatures were just one factor behind the recent heatwaves and other causes have yet to be established. They say low air pressure, high humidity and an unusually absent wind played key roles in making the heat unbearable but they do not know why such conditions prevailed at this time of the year. The temperature forecast for the heatwave peak in Karachi last week was 43C, according to meteorologists in Pakistan. heatwaveThe prediction was accurate but other factors made the heat feel unbear...

Petrobangla seeks more time to repay Niko

After failing to meet several deadlines previously, Petrobangla has sought extra time to answer to a payment claim filed by Niko Resources (Bangladesh) Ltd with the International Centre for the Settlement of Investment Disputes (ICSID). The Tribunals ordered on September 11 last year that Petrobangla pay Niko its overdue bills. Petrobangla-450x279Petrobangla was ordered to pay Niko $25,312,747 (around Tk200 crore) for Niko’s invoices on gas deliveries between November 2004 and April 2010 plus another Tk139,988,337. ...

June remittance records $968.64 million

Bangladesh received $968.64 million as remittance in the first 19 days of June. The Bangladesh Bank (BB) statistics show the four state-owned commercial banks — Agrani, Janata, Rupali and Sonali — received $308.44 million from the expatriate Bangladeshis while four state-owned specialized banks got $10.88 million. The maximum remittance came through the private commercial banks who brought $639.89 million Remittance-450x325while the nine foreign banks only $9.43 million. Among the private commercial banks, Islami Bank B...

Gates to invest $ 2b in renewable energy

Bill Gates has announced he will invest $2bn (£1.3bn) in renewable technologies initiatives, but rejected calls to divest from the fossil fuel companies that are burning carbon at a rate that ignores international agreements to limit global warming. Speaking to the Financial Times, Gates said that he would double his current investments in renewables over the next five years in a bid to “bend the curve” on tackling climate change. The Bill and Melinda Gates Foundation, lead by Gates and his wife, is the world’s largest charitable foundation. According to the charity’s most recent tax filings in 2013, it currently has $1.4bn invested in fossil fuel companies, including BP, responsible for the Deepwater Horizon oil spill in the Gulf of Mexico.

China, India fast-track BCIM economic corridor project

China and India are adding fresh momentum to the establishment of the Bangladesh-China-India-Myanmar (BCIM) economic corridor, which is expected to develop gradually before more ambitious goals are achieved. Chinese officials acknowledge that unlike in the past, when it was perceived to be dragging its feet, India is now showing enthusiasm over the project, which will link Kolkata with Kunming, the capital of China’s Yunnan province, passing through Myanmar and Bangladesh, with Mandalay and Dhaka among the focal points. The focus on linking provinces and States — in this case, Yunnan and West

BCL men beat up 3 senior students at JU

Some junior Bangladesh Chhatra league (BCL) activists of Shaheed Rafiq Jabbar Hall of Jahangirnagar University (JU) beat up 3 senior students of its respective hall on Thursday. Sources said, Indrojit Voumik Shawon, Md. Shajahan Badsha final year student of History department with their female friend were chating at the guest room of their dorms. 11537706_1610023589278978_2955386159950965626_nMeantime, Kamrul Hasan, executive member of JU unit BCL, abused them as...
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