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Ukraine crisis: Obama urges Putin to pursue diplomacy

US President Barack Obama has urged President Vladimir Putin to seek a diplomatic solution to the crisis in Ukraine, in a lengthy telephone call. In their hour-long conversation, the Russian leader said Moscow-Washington relations should not suffer. Russian troops have taken de facto control of Crimea following the fall of Ukraine's pro-Moscow president. article-2418401-1BC51D6C000005DC-203_634x448The crisis has led to a boycott by many foreign dignitaries of the So...

Hilsa ban not lifted soon

The government has no immediate plans to lift the ban imposed in 2012 on the export of hilsa to ensure a smooth supply of the silver delicacy in local markets. "How much we get from export of hilsa fish? We do not have any immediate plan to resume hilsa export," state-run BSS news agency quoted Commerce Minister Tofail Ahmed as saying. hilsaHe said the ban on the fish, declared the National Fish of Bangladesh upon the country gaining independence in 1971, was needed to ensure supply to local markets and check its pr...

India Sahara chief Subrata Roy arrested

One of India's most flamboyant tycoons, Subrata Roy, has been arrested after he surrendered to the police.

_73226490_73226040 The Supreme Court had ordered the arrest of the Sahara group chief on Wednesday after he failed to appear before judges in a case of fraud. Two Sahara firms are accused of raising 240bn rupees ($3.9bn; £2.3bn) through bonds that were found to be illegal. Market regulators say Mr Roy failed to refund the money to millions of investors despite a court order. He is expected t...

Govt to buy more rice locally to boost reserves

The government  will buy more rice locally in an effort to replenish reserves while it has no plan to import the grain this year, the head of the state grains buyer said on Wednesday. Such procurement is crucial for the South Asian nation to feed its poor and keep domestic prices stable at a time when government reserves are at five-year lows. "We are buying 400,000 tonnes of rice from local farmers this harvesting season, double from the earlier purchase target," Ahmed Hossain Khan of the Directorate General of Food, the state grains buyer, said.

Tea prices dip on large supplies

Tea prices in Bangladesh fell for a fifth straight week at a weekly auction on Tuesday amid a larger supply of low-grade leaf while the volumes offered were the highest for the season so far, brokers said. Bangladeshi tea fetched an average of 157.02 taka ($2.01) per kg against 160.26 taka in the previous week's auction, when prices fell 2 percent, an official from National Brokers Limited said. teaAround 3.50 million kg of tea was offered at the auction centre in Chittagong, with almost 70 percent remaining unsold. At the previous auction, nearly 3.3...

Italy’s PM-designate Matteo Renzi names new cabinet

The Italian centre-left leader, Matteo Renzi, has formally accepted the mandate to lead a new government, and has named his cabinet, reports BBC. _73144260_021244153-1At 39, Mr Renzi will be Italy's youngest prime minister. He is due to be sworn in as PM on Saturday. The Democratic Party leader has spent several days negotiating with factions to formalise his coalition. Mr Renzi ousted his party colleague Enrico Letta, who had led Italy for just 10 months. The PM-designate has an ambitious plan for the count...
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