NY Fed, Bangladesh central bank to resume normal money transfers: sources

By Krishna N. Das and Serajul Quadir The Federal Reserve Bank of New York and Bangladesh’s central bank have agreed to withdraw additional payment security measures put in place after one of the world’s biggest cyber heists, the theft of $81 million from Bangladesh Bank’s account at the Fed, two sources said, reports reuters. The […]

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Xi calls for advancing Belt and Road Initiative

BEIJING, Aug. 18 (NsNewsWire) — Chinese President Xi Jinping on Wednesday called for steady advance of the country’s Belt and Road Initiative to benefit people along the routes. The Belt and Road Initiative should help promote policy coordination, infrastructure connectivity, unimpeded trade, financial integration and mutual understanding among the people, Xi said at a symposium […]

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Bangladesh’s missing militant link: the threat from abroad

DHAKA, Aug. 3 (NsNewsWire) — When Bangladeshi authorities last month released the names of 261 men who have gone missing from their families, in an attempt to find militants hidden in this country of 160 million people, at the very end of the list was “Jilani alias Abu Zidal”, reports reuters. He was not in […]

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Obama calls Republican nominee Trump “unfit” to be president

WASHINGTON, Aug. 3 (NsNewsWire) — U.S. President Barack Obama on Tuesday called Donald Trump “unfit” to be U.S. president amid bipartisan outcry following the Republican presidential nominee’s feud with the family of a fallen U.S. Muslim soldier. “I think the Republican nominee is unfit to serve as president,” said Obama here at a press conference, […]

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China opposes Japan’s defense white paper: defense ministry

BEIJING, Aug. 3  (NsNewsWire) — Chinese Defense Ministry on Tuesday expressed strong opposition to Japan’s 2016 defense white paper, calling the annual document hostile to the Chinese military and deceptive to the international community. “The white paper issued on August 2, full of hackneyed expressions, distorts China’s justified and reasonable defense work, heightening issues in […]

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China’s supreme court clarifies maritime jurisdiction

BEIJING, Aug. 2 (Xinhua) — The Supreme People’s Court (SPC) on Tuesday issued a regulation of judicial interpretation to clarify China’s jurisdiction over its territorial seas. The explanation provides clear legal basis for China to safeguard maritime order, marine safety and interests, and to exercise integrated management over the country’s jurisdictional seas, said an SPC […]

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