Category: Uncategorized

Britain wants cut in EU budget

Ref: Britain threatened on Thursday to veto any deal on the European Union’s budget that would not be good for the British taxpayer, a day after a humiliating defeat in Parliament undermined Prime Minister David Cameron’s authority.

The vote – Cameron’s first significant defeat in Parliament since taking power in 2010 – could strengthen his position at budget talks in Brussels this month, as he would be able to say his hands were tied by the British Parliament.

 

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Dr Kamal, B Chy talk ‘unity’

Ref:  Gonoforum and Bikalpadhara Bangladesh Presidents Dr Kamal Hossain and Prof AQM Badruddoza claimed on Sunday the country was not doing well and called for political unity to emerge from the situation.

Kamal and Chowdhury who broke away from the ruling Awami League and opposition BNP, respectively, did not outline what should the basis of the unity be or with whom it should be forged, however.

 

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As world helps shot Pakistani girl, Afghans ask

Ref:  The global attention bestowed on a Pakistani schoolgirl shot by the Taliban has sparked outcry amongst many Afghans dismayed by what they say is the unequal response to the plight of their women and children.

Malala Yousufzai, shot by Taliban gunmen for advocating girls’ education, was flown from Pakistan to Britain to receive treatment after the attack this month which drew widespread condemnation and an international outpouring of support.

 

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Ambassador wants to speak to Nafis

REf: Diplomats on Friday asked the US authorities for consular access to Quazi Mohammad Rezwanul Ahsan Nafis, certain that the youth suspected of being an Al Qaeda-inspired terrorist is indeed a Bangladesh national.

Bangladesh’s Ambassador to Washington Akramul Qader met with the officials of the US State Department and Department of Justice Friday night over the 21-year-old.

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Keep off politics, Pak SC tells army

Ref: In a rare challenge to Pakistan’s powerful generals, the country’s Supreme Court ruled on Friday that the military should stop interfering in politics.

In connection with a case dating back to 1996 in which a retired air marshal filed a petition against the army for sponsoring a political alliance, Chief Supreme Court Judge Iftikhar Chaudhry said military intelligence agencies must stay away from politics.

 

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Oil rises in biggest weekly gain since July

REF
Oil rose on Friday, marking the strongest weekly gains in two months as data showing a rise in business spending lifted markets.

A rise in August business spending added to signs of a recovery in the US economy, outweighing a lackluster report on new home sales in August and boosting US stocks.

Oil also was boosted by a surprise rise in Germany’s Ifo index of business sentiment.

US crude for November delivery rose $1.31, or 1.74 percent, to settle at $76.49 a barrel. For the week, oil rose $2.83, or 3.84 percent, the biggest percentage rise since oil jumped $2.97, or 3.91 percent in the week to July 23.

ICE Brent November crude rose 76 cents to settle at $78.87 a barrel on Friday, having traded as high as $79.40.

Oil found support this week following comments from the US Federal Reserve, which said on Tuesday it would keep interest rates exceptionally low and that it was prepared to provide additional accommodation if needed to support recovery.

“The increased odds of quantitative easing (by the Fed) adds to the expectation that the dollar will be weaker. The market seems to have priced in the high inventories and weak demand and turned its focus back to the dollar,” said Phil Flynn, analyst at PFGBest Research in Chicago.

Under quantitative easing, central banks flood the banking system with masses of money to promote lending. They usually do this when lowering official interest rates no longer is effective because they already are at or near zero.

The US economy’s recovery from the deepest recession since the 1930s has stalled, with sluggish growth and unemployment remaining stubbornly high, dampening expectations for a recovery in oil demand.

US total petroleum inventories have soared and last week reached their highest since weekly records began in 1990, according to the Energy Information Administration.

Since May, crude prices have been hemmed in between the $64.24 intraday low on May 20, the weakest front-month price since July 30, 2009, and the 2010 peak of $87.15 set on May 3.

Oil analysts and brokers also eyed Tropical Storm Matthew in the Caribbean Sea, which may disrupt Mexican infrastructure but on Friday was not expected to threaten US energy operations in the Gulf of Mexico.

'Executed' for stealing a bulb

REF
A rickshaw puller alleged to have stolen an energy-saving bulb has died in police custody.

The 35-year old father of two died on Sunday. Md Idris had been picked up on Sep 14 and taken to Bayezid Police Station, according to his mother.

Nurjahan Begum, the mother, said the police had called her to go see her son. “Day before yesterday, I found him all bloody with injuries all over his body.