RELIANCE

DHAKA: Bangladesh’s main stock market swung sharply on Wednesday, with an early rally giving way to broad-based selling in the final hour, pushing all major Dhaka Stock Exchange indexes into negative territory while turnover also declined. The Dhaka Stock Exchange (DSE) opened strongly, with prices rising across most listed shares and units. The benchmark DSEX index gained as much as 40 points during the early part of the session before the market reversed direction. The shift became increasingly evident around 12:30 p.m., as a growing number of securities moved from the gainers’ list to the decliners’ list. Selling intensified during the final hour, leaving most issues lower by the close. Most securities end lower At the end of trading, 119 listed issues on the DSE recorded price gains, while 231 declined and 35 remained unchanged. The broad decline pushed the benchmark DSEX down 6 points from the previous session to 5,897. The DSE-30 index, which tracks 30 major companies, fell 4 po...

An Iranian semi-official news agency has reported that seven U.S. Navy personnel were killed and several others injured in an internal clash aboard the aircraft carrier USS Abraham Lincoln, but the claim has not been independently verified.  The report, published Wednesday by Iran’s semi-official Mehr News Agency, attributed the alleged violence to growing tensions among sailors aboard the carrier, which has been deployed in the Middle East for several months as part of U.S. military operations against Iran. According to Mehr, prolonged deployment in the region and continued participation in military operations had contributed to mounting frustration among members of the crew. The report said the tensions eventually escalated into a violent confrontation aboard the carrier. Mehr reported that at least seven U.S. Navy personnel were killed and several others wounded in the incident. It did not provide independently verifiable details about when the alleged clash occurred, what trigg...

DHAKA, Aug. 10, 2026 — Bangladesh has identified 3,112 Indian nationals whose visas expired some time ago but who are still staying in the country, according to officials familiar with the matter, as authorities step up efforts to identify foreign nationals living and working without valid immigration documents. The Special Branch of Bangladesh Police has recently instructed those whose visas have expired to either renew their visas through the proper legal process or leave the country, officials said. Bangladesh currently has about 18,453 Indian nationals living legally in the country, according to Special Branch data cited by officials. Some of those whose visas have expired are employed in sectors including garments, textiles, telecommunications, information technology, power generation, engineering, education and other private-sector businesses. Authorities seek to verify foreign workers Police officials say they are checking the immigration status of foreign nationals across Dhak...

DHAKA, Aug. 10, 2026 Islami Bank Bangladesh PLC has filed a formal complaint with the Anti-Corruption Commission (ACC) against former President Mohammed Shahabuddin, widely known as Chuppu, businessman S Alam and 36 others over alleged embezzlement of 5 billion taka ($500 crore) through a loan scheme, according to the complaint submitted to the anti-graft agency. The complaint was filed at the ACC headquarters in Dhaka on Monday afternoon. According to the complaint, irregularities occurred after the S Alam Group took control of the bank in 2017. A company described in the complaint as financially weak, Suprabh Composite Knit Ltd, allegedly had its credit limit increased fivefold—from 1 billion taka to 5 billion taka—through fraudulent means. The complaint alleges that the funds were subsequently withdrawn and misappropriated. Alleged irregularities in loan approval The bank alleged that businessman S Alam played a role in securing the loan facility for Suprabh Composite Knit Ltd, des...

NEW DELHI, Aug. 10, 2026 India’s government is prepared to hold a detailed parliamentary debate on recent student protests and allegations of police action against demonstrators, Parliamentary Affairs Minister Kiren Rijiju said on Monday, signalling a possible easing of a dispute with opposition parties over the issue. Rijiju said Home Minister Amit Shah was ready to address Parliament on the matter, while urging opposition lawmakers not to disrupt proceedings when the government responds. “The government is ready for a full and detailed discussion on the student protests and all related issues,” Rijiju told reporters. He said his only request was that opposition lawmakers allow the Home Minister and the government to present their response without creating a situation that would prevent them from speaking. The government’s position comes amid mounting criticism from opposition leaders over the police response to student demonstrations, including allegations of excessive use of force....

DHAKA: Bangladesh is facing a political and constitutional crisis, opposition Chief Whip and National Citizens Party (NCP) convenor Nahid Islam said on Sunday, as opposition parties stepped up discussions over the country’s political situation and the upcoming presidential election. Nahid made the remarks after a meeting of 11 political parties at the opposition leader’s residence on Minto Road in Dhaka. The meeting focused on the presidential election and recent political developments in the country, he told reporters after the talks. He also criticised the Bangladesh Nationalist Party (BNP), alleging that the party had sought at various times to retain control during periods of political transition. “Attempts to retain power during political transitions have been made by the BNP at different times,” Nahid said, adding that such actions had contributed to political and constitutional uncertainty. 11-party alliance to field joint presidential candidate The 11 parties have agreed to co...

BERLIN: China remains Germany’s largest trading partner, but the balance of economic ties between the two countries is shifting sharply. German exports to China fell significantly in the first half of 2026, while imports from the Asian economic powerhouse increased, pushing Germany’s trade deficit with China to a new high. Preliminary data from Germany Trade & Invest (GTAI), cited by Reuters, showed that German goods exports to China declined by more than 12% between January and June, falling to below €37 billion. The decline has pushed China down to ninth place among destinations for German exports, highlighting the changing nature of one of Europe’s most important economic relationships. From Germany’s No. 2 export market to ninth The scale of the shift becomes clearer when compared with the situation just a few years ago. China was Germany’s second-largest export market around 2021, when German companies sold goods worth about €104 billion there despite the economic disruption ...