France, Germany, UK condemn threats against IAEA chief and call for Iran’s full cooperation
The E3 countries condemned threats against the head of the UN nuclear watchdog and urged Iran to ensure the safety of IAEA staff and uphold internatio...
Bangladesh clinched two World Bank credits worth $850 million on Wednesday—$650 million to overhaul Chittagong’s Bay Terminal and $200 million to strengthen social protection—aiming to cut shipping costs, spur jobs and aid 4.5 million vulnerable citizens.
The World Bank and Bangladesh have signed two concessional loan agreements totaling $850 million to boost trade capacity, spur job creation and modernise the country’s social-safety net, the lender announced on Wednesday.
$650 million for Bay Terminal Marine Infrastructure Development – The funds will finance a six-kilometre, climate-resilient breakwater and new access channels at Chittagong, enabling the port to handle larger vessels. Officials expect shorter turnaround times and lower transport costs to save the economy about $1 million a day. When finished, the terminal should process roughly 36 percent of Bangladesh’s container traffic, benefiting more than one million people and expanding opportunities for women in port operations and trade.
$200 million for social-protection reform – The Strengthening Social Protection for Improved Resilience, Inclusion and Targeting project will deliver cash transfers, skills training, micro-credit and entrepreneurship mentoring to 4.5 million vulnerable people—especially youth, women, persons with disabilities and residents of climate-affected areas. A national registry will be created to sharpen beneficiary targeting and service delivery.
Both credits come from the World Bank’s International Development Association, which has committed over $45 billion to Bangladesh since 1971. Sustaining growth, said interim country director Gayle Martin, requires generating quality jobs for the nearly two million young Bangladeshis who enter the labour market each year.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
As U.S. President Donald Trump’s tariff threats shake confidence in the American market, as investors increasingly turn to Europe, drawn by its relative political stability and infrastructure-driven economic agenda.
The European Council has extended its sectoral sanctions on Russia until January 31, 2026, in response to Russia’s continued destabilising actions in Ukraine.
Temperatures are reaching at least 40 degrees Celsius or more on the last day of June in southern Europe with countries issuing health and environmental warnings in France, Italy, Portugal and Spain.
The E3 countries condemned threats against the head of the UN nuclear watchdog and urged Iran to ensure the safety of IAEA staff and uphold international obligations.
U.S. President Donald Trump has signalled no intention of easing hefty auto tariffs on Japan, reaffirming a hard-line trade stance just days before a critical deadline on country-specific tariffs expires.
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