Tag: Bangladesh

IFC backs Epic Group’s green textile push in Bangladesh, India

Under the terms of the deal between IFC and Epic Group, the debt financing package includes a $70 m sustainability-linked loan and a $30m green loan – IFC’s first green loan with sustainability-linked features in the manufacturing sector. The funding will support Epic Group’s expansion in Bangladesh, including upgrading its washing and wastewater treatment facilities, […]

Bangladesh court indicts Nobel laureate on charges of embezzlement

Nobel laureate Muhammad Yunus and 13 others have been indicted at a court in Bangladesh on charges in a two million dollar-plus (£1.57 million) embezzlement case. Yunus, 83, who was awarded the Nobel Peace Prize in 2006 for pioneering microcredit to help impoverished people, especially women, pleaded not guilty and has been released on bail. […]

Old video of hippos bathing in mud not filmed in Bangladesh

An old video of hippos in a muddy creek was repeatedly shared in posts that falsely claimed it was filmed in a dried-up waterway in southwestern Bangladesh following a suffocating heatwave in April 2024. The video has circulated online since November 2022 in posts about a national park in Uganda. “What’s this thing showed up […]

Storms flood villages and trigger power cuts to millions in Bangladesh and India

The weakening tropical storm Remal flooded dozens of coastal villages and left nearly 30 million people without power in southern Bangladesh and eastern India. At least 10 people died in Bangladesh. About 3.7 million people along the coast were affected, said Bangladesh’s junior minister for disaster management and relief, Mohibbur Rahman M. More than 35,000 […]

Cyclone Remal kills four, snaps power links to millions in India, Bangladesh

By Mohammad Ponir Hossain, Ruma Paul and Subrata Nag Choudhury SATKHIRA, Bangladesh (Reuters) -Strong gales and heavy rain brought by cyclone Remal lashed the coastlines of India and Bangladesh on Monday, killing at least four people and cutting electricity supply to millions before losing intensity. The year’s first cyclone in the region is the latest […]

Two dead as cyclone Remal hits Bangladesh coast

At least two people have died after a powerful tropical cyclone in the Bay of Bengal pounded the coastline of Bangladesh and neighbouring India. The cyclone, named Remal, had now crossed the coast and was weakening gradually, Bangladesh’s meteorological department said on Monday. The cyclone, which lashed the coastline with wind speeds of up to […]

Bangladesh evacuates hundreds of thousands as a severe cyclone approaches

Bangladesh has evacuated nearly 800,000 people from vulnerable areas as the country and neighbouring India awaited the arrival of a severe cyclone that has formed over the Bay of Bengal. The storm is expected to cross Bangladesh and India’s West Bengal coasts around midnight on Sunday. The India Meteorological Department said it is expected to […]

Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka

DHAKA, Bangladesh (AP) — Australia and Bangladesh on Tuesday said that the two countries would work to expand trade and cooperation on areas including security and the Rohingya refugee crisis. The statements came as Australian Foreign Minister Penny Wong arrived in Bangladesh’s capital on a two-day visit and held talks with Prime Minister Sheikh Hasina […]