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July 3, 2023

Bangladesh to continue getting GSP trade privileges from EU

Commerce Minister Tofail Ahmed has said the European Union will continue to provide GSP facilities for Bangladesh even after it graduates to a middle-income country. Speaking at a press conference at his ministry on Thursday, he said the EU, the largest market for Bangladeshi products, would be extending the preferential facility under its GSP Plus programme. tofayalThe minister spoke of the opinions of the European Commission, United States and International Labour Organisation that they expressed on Bangladesh during a meeting at Brussels ...

Banks largely robust to shocks      

Most of the banks have sufficient capital buffer to absorb adverse shocks and still maintain the sector's overall capital adequacy ratio (CAR) above the minimum requirement, the central bank's most recent stress tests found. The exercise, conducted by the Financial Stability Department on data from the April-June quarter of this year, looked at the impact of different stressed situations on banks' capital. The minimum capital requirement for scheduled banks is the greater of the two: 10 percent of risk-weighted assets or Tk 400 crore, reports the Daily Star. At the end of June, the sector's CAR stood at 10.68 percent, above the minimum regulatory requirement of 10 percent.

Climate change ‘nothing but a lie’, claims top meteorologist

THE debate about climate change is finished - because it has been categorically proved not to exist, one of the world’s leading meteorologists has claimed. John Coleman, who co-founded the Weather Channel, shocked academics by insisting the theory of man-made climate change was no longer scientifically credible. Instead, what ‘little evidence’ there is for rising global temperatures points to a ‘natural phenomenon’ within a developing eco-system. climate-change-global-warming-213697In an ope...