latest world business news

Eoin Morgan and Michael Yardy rescued England from a batting collapse to help record a five-wicket win over Pakistan on Sunday. The pair put on an undefeated sixth wicket stand of 67, after Shoaib Akhtar and Shahid Afridi had reduced England to 62-5. Morgan (38 not out) and Yardy (35 not out) batting superbly together to continue England's good form after it had won the ICC World Twenty20 in May. Earlier, England's spinners had combined to help restrict Pakistan to 126-4 off 20 overs in the opening T20 match of the series at Cardiff. Graeme Swann bowled an excellent spell of 2-14 off four overs, dismissing Shahzaib Hasan and Mohammad Yousuf, while Yardy bowled a tidy four overs, taking 1-21. Pakistan never really got going against an England bowling attack, who generally performed well in the field apart from a Luke Wright dropped catch running in from the boundary. Umar Akmal top scored with an unbeaten 35 off 30 balls, while Fawad Alam struggled managing just 20 o

The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday. "They are mainly confident that there is a moderate recovery underway globally," he told reporters, referring to delegates at the G20 meeting of deputy finance and central bank chiefs in South Korea. "Obviously there are risks and challenges, but things seem to be moving more or less in line with our forecast," he said, listing well-designed exit strategies and medium-term fiscal consolidation as challenges. He said some good progress has been made in discussing changes to the IMFs executive board, but did not elaborate. G20 members have pledged to reach an agreement on the issue by the time leaders meet in Seoul in November. The United States, frustrated at Europe's refusal to share more IMF power with emerging economies, took unprecedented action last month to block

Pakistan One-day captain Shahid Afridi apologised on Saturday for the 'spot-fixing' row engulfing the tourists, and said the team had been warned not to discuss it. Test captain Salman Butt and bowlers Mohammad Aamer and Mohammad Asif have been charged with various offences under the International Cricket Council's anti-corruption code and provisionally suspended, while the trio have all been interviewed by police. The three were withdrawn by Pakistan from their Twenty20 and one-day series against England after being allegedly caught up in a plan to deliberately bowl no-balls during the fourth Test against England at Lord's last week. "I think this is very bad news," Afridi said at Cardiff on Saturday, where the first of two Twenty20 internationals against England takes place on Sunday. "On behalf of these boys - I know they are not in this series - I want to say sorry to all cricket lovers and all the cricketing nations." He added: "These

Symbol: DSE NEWS News: Today's (05.09.2010) Total Trades: 205,694; Volume: 73,638,613 and Turnover: Tk. 16,228.35 million. ALARABANK News: The Bank has informed that the Board of Directors of the Bank has decided, among others, to purchase 5,000 sft. (approx.) floor area with proportionate land at the 1st floor of Al-Shahani Complex situated at 130/1, Biren Bosh Street, Chawk Moghaltuli, Dhaka-1100, at a cost of Tk. 15,000.00 per sft. totaling Tk. 8,47,50,000.00 (approx.) including registration cost subject to obtaining approval from Bangladesh Bank. Symbol: PEOPLESINS News: Ms. Nabiha Patwari, one of the Sponsors of the company, has further reported that she has completed her sale of 5,000 shares of the company at prevailing market price through Stock Exchange as announced earlier. Symbol: SHAHJABANK News: Mrs. Nasima Akhter, one of the Sponsors of the Bank, has further reported that she has completed her sale of 20,000 shares of the company at prevailing market price through S

Bangladesh issued a red alert on Sunday over an outbreak of anthrax which has infected nearly 300 people and killed about 150 cattle in the six north-west districts of the country in the past two weeks. The outbreak was first detected on August 19 in Sirajganj district, 150 km (90 miles) from the capital Dhaka. The victims fell sick after eating beef from anthrax-affected cattle. "We have issued a red alert and asked livestock officials, civil surgeons and health workers to fan out to detect sick cows and single out them immediately," Abdul Latif Biswas, minister for fisheries and livestock, told a news conference. Infected people suffer fever, severe pain and swollen tissues, often with lesions. The disease can be deadly if not treated immediately. Anthrax commonly infects cattle which ingest or inhale the bacterium while grazing, and can infect people who come into contact with them or consume their meat. But it does not spread from human to human. Some 500,000 ampoule

Standup comic Robert Schimmel, a frequent guest on Howard Stern's radio show, has died after suffering serious injuries in a car accident. He was 60. Schimmel's spokesman, Howard Bragman, said Schimmel died Friday evening in a Phoenix hospital. Schimmel was a passenger Aug. 26 in a car driven by his 19-year-old daughter Aliyah. Bragman said Aliyah Schimmel swerved to avoid another car and the vehicle she was driving rolled to the side of the freeway. Bragman said she is hospitalized in stable condition. Robert Schimmel lived in Scottsdale. The 60-year-old comedian has been a frequent guest on "Late Night with Conan O'Brien" and on Howard Stern's radio show. His 2008 memoir, "Cancer on $5 a Day," chronicles his battle with non-Hodgkin's lymphoma. Schimmel starred in a Fox sitcom that was picked up in 2000 but had to be canceled after he learned he had cancer and needed to begin chemotherapy immediately, according to his website. The site says

The United States likely will need to keep thousands of troops in Iraq beyond 2011 to keep a lid on sectarian tensions and to bolster Baghdad's fledgling military, experts and former officers say. American officials privately acknowledge that the US military presence in Iraq will almost certainly be extended, even though a security agreement in force requires all US forces to depart by the end of 2011. The US military will be needed not only for technical tasks to keep the Iraqi armed forces afloat, but as a reassuring presence for Iraqis fearing a revival of sectarian and ethnic bloodshed, analysts said. Baghdad's military remains heavily dependent on US logistical support, air power, equipment and expertise, while most Baghdad politicians are anxious to retain American troops as a peacekeeping force in reserve. "The more pressing requirement is less teaching them how to use weapons and more providing reassurance to threatened internal communities that they won't