DHAKA, Bangladesh — A court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus in a $2.3 million embezzlement case. Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, was sentenced to six months in prison in January on a separate charge … Read more
DHAKA, Bangladesh — A fire at a six-story shopping mall in the Bangladeshi capital overnight killed at least 43 people and injured dozens of others, with several people escaping to the building’s roof, officials said Friday. The fire started late Thursday at a restaurant on the first floor of the Green Cozy Cottage Shopping Mall … Read more
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. The letter, obtained exclusively by CNBC, was … Read more
DHAKA, Bangladesh — More than 100 members of Myanmar’s Border Guard Police have fled their posts and taken shelter in Bangladesh to escape fighting between Myanmar security forces and an ethnic minority army, an official with Bangladesh’s border agency said Monday. It is the first time that Myanmar forces have been known to flee into … Read more
SYDNEY — Across a treacherous stretch of water, the Rohingya came by the thousands, then died by the hundreds. And though they know the dangers of fleeing by boat, many among this persecuted people say they will not stop — because the world has left them with no other choice. Last year, nearly 4,500 Rohingya … Read more
DHAKA — Voters in Bangladesh began casting their ballots Sunday as polls opened in an election fraught with violence and a boycott from the main opposition party, paving the way for Prime Minister Sheikh Hasina and her Awami League to seize a fourth consecutive term. Authorities said at least 18 arson attacks were reported across … Read more
DHAKA — Fazlur Rahman died on a hospital floor with his hands and legs still cuffed, his son Mohammad said, his voice breaking while recalling his father’s final moments. Rahman, 63, was one of thousands of opposition activists who were arrested in the months leading to Sunday’s parliamentary election amid a sweeping polarized political culture. … Read more
DHAKA, Bangladesh — At a technology center in Bangladesh’s capital, young women huddle around a computer, discussing a coding issue. Many of them make the daily trip to Dhaka on the shining new metro rail while scouring their smartphones for the latest on social media. For decades, political battles in Bangladesh have been fought on … Read more
DHAKA, Bangladesh — Prime Minister Sheikh Hasina was Bangladesh’s opposition leader in 2007, when hundreds of troops raided her home and took her to a court in the capital of Dhaka, where she was arrested on extortion charges. Hasina, who had served as premier in 1996-2001, slammed the charges as a conspiracy to keep her … Read more
DHAKA, Bangladesh — A labor court in Bangladesh’s capital sentenced Monday Nobel Peace Prize winner Muhammad Yunus to six months in jail for violating the country’s labor laws. Yunus, who pioneered using microcredit to help impoverished people, was present in court and was granted bail. The court gave the defense 30 days to appeal. Grameen … Read more