Dutch minister will meet with China official about seizure of chipmaker Nexperia
On Sunday, the Netherlands' Economy Minister, Vincent Karremans, stated that he expects to meet with a Chinese government official in the coming days ...
A large fire at the import cargo complex of Dhaka airport has caused significant damage to goods and materials belonging to key garment exporters, with losses and impacts on trade potentially amounting to millions of dollars, according to industry leaders on Sunday.
The fire broke out on Saturday afternoon in the import section of the airport's cargo village, leading to a temporary suspension of flights. On Sunday, smoke continued to billow from the remains of the facility as firefighters and airport officials assessed the damage.
The blaze destroyed storage areas containing imported raw materials, ready-to-export apparel, and product samples — all vital to Bangladesh's $47 billion garment industry.
"This incident has caused severe damage to the country's export trade, particularly in the garment sector," said Inamul Haq Khan, senior vice-president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
"High-value goods and urgent air shipments have been destroyed, including garments prepared for shipment, raw materials for production, and, most importantly, product samples."
He cautioned that the loss of these samples could jeopardise future business. "These samples are crucial for securing new buyers and expanding orders. Losing them means our members may miss out on future opportunities," he added.
BGMEA has started collecting information from affected exporters to assess the scale of the losses. "We have asked all members to submit detailed lists of damaged goods, and an online portal has been launched to speed up the data collection," Khan said.
The airport cargo village is one of Bangladesh's busiest logistics hubs, handling over 600 metric tons of dry cargo daily, a figure that doubles during the peak season from October to December.
"Every day, around 200 to 250 factories send their products by air," Khan explained. "Given the scale, the financial impact is substantial."
The cause of the fire is yet to be determined, and an investigation is underway.
This incident marks the third major fire in Bangladesh this week. On Tuesday, a fire at a garment factory and an adjacent chemical warehouse in Dhaka claimed at least 16 lives and injured others. On Thursday, another fire destroyed a seven-storey garment factory building in an export processing zone in Chittagong.
Bangladesh is the world’s second-largest exporter of apparel after China. The sector, which supplies major global retailers such as Walmart, H&M, and Gap, employs around 4 million workers and generates approximately $40 billion annually — more than a tenth of the country’s GDP.
The fire, which occurred during the peak export season, is expected to cause delays in shipments and present further challenges in meeting international delivery deadlines.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Nvidia CEO Jensen Huang is set to meet "global leaders and top Korean executives" during his attendance at the Asia-Pacific Economic Cooperation CEO Summit in South Korea this month, the U.S. AI chipmaker announced on Sunday.
The Orenburg gas processing plant, the world's largest facility of its kind, has been forced to halt its intake of gas from Kazakhstan following a Ukrainian drone strike, according to Kazakhstan's energy ministry.
The Louvre Museum in Paris was closed on Sunday after thieves broke in and stole “priceless” jewellery from the Napoleon collection, the French government said.
Former French president Nicolas Sarkozy said he is not afraid of going to prison, days before beginning a five-year sentence over his 2007 campaign financing case linked to Libya.
Millions of Americans took to the streets for “No Kings” rallies across all 50 states, denouncing what they called the corruption and authoritarianism of President Donald Trump.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment