Strong gales and heavy rain triggered by the first major cyclone of the year lashed the coastlines of India and Bangladesh on Monday, killing at least 16 people and cutting power to millions. The winds had not stopped as night …
Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday. The expected settlement is one of the first shipping …
DHAKA/GUWAHATI, India – Floodwaters inundated more of Bangladesh and northeast India on Tuesday, officials said, as authorities struggled to reach more than 9.5 million people stranded with little food and drinking water after days of intense rain. Particularly heavy monsoon …
State-owned Bangladesh Shipping Corp. is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in …
Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate. “I was just 15 feet away when it hit our ship. Our third engineer, …
Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole $81 million from Bangladesh Bank’s account at …
Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top police investigator in Dhaka told Reuters on Monday. …
The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, to pressure Dhaka to improve safety standards after a building collapse killed more than 400 factory workers. Pope Francis condemned the …
Two Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country’s worst industrial accident. The pledge from Britain’s Primark and Canada’s Loblaw came …
At least 175 mainly women workers were killed in a Bangladesh building collapse and rescuers searching for survivors said on Thursday that many more were trapped in the rubble of a complex that housed factories supplying Western clothes retailers. The …
