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Elon Musk's Starlink is set to introduce data plans in India that will be priced similarly to those offered in Bangladesh. This move aims to expand internet access in the region, aligning with Starlink's global strategy to provide affordable satellite internet services.
The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
Senate Democrats are calling for an investigation into whether the Trump administration is facilitating foreign deals for Starlink, led by Elon Musk, amid concerns of potential ethics violations. They allege that Musk may be leveraging his government role for personal financial gain, particularly following recent approvals for Starlink in countries like Saudi Arabia and Bangladesh. The lawmakers are urging the Department of Justice and White House ethics officials to examine possible conflicts of interest and corruption related to tariff negotiations.
UBS has maintained a "Buy" rating for British American Tobacco, setting a target price of 3900 pence. Despite a historic decline in volume in Bangladesh and a decrease in Pakistan, the company's sales and operating profit have seen significant increases, leading to a slightly positive outlook overall.
Citizens Bank PLC held its 'Annual business review and way forward strategy meeting' on May 8 at its head office, presided over by managing director Md Mostafizur Rahman. Key attendees included deputy managing director Md Abdul Latif, SEVP and company secretary Md Waheed Imam, and chief financial officer Md Saiful Islam. The meeting focused on various aspects of banking operations and business development within the current macroeconomic context.
At the "Bangladesh Day" event during World Expo 2025 in Osaka, Commerce Adviser Sk Bashir Uddin highlighted Bangladesh's ambition to achieve upper middle-income status by 2031, driven by socio-economic growth and a youthful population. He urged global business leaders to invest in various sectors, emphasizing the country's strategic position for trade in the region. Japan's State Minister Ogushi Masaki reaffirmed ongoing diplomatic and economic ties, supporting Bangladesh's transition from LDC status in 2026.
Deutsche Bank has raised its price target for Goodyear Tire & Rubber to $14 from $13 while maintaining a Buy rating. Goodyear develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering products and services to both consumer and commercial customers. The company produces a wide range of tires under several brands, including Goodyear, Cooper, and Dunlop, across 53 manufacturing facilities in 20 countries.
A group of 13 Democratic senators is urging an investigation into Elon Musk's potential conflicts of interest regarding his Starlink satellite service, amid allegations he may have used his White House connections to secure international deals. Internal messages indicate U.S. embassies and the State Department promoted Starlink in various countries, while a report reveals Musk's business interests intersect with over 70% of targeted government agencies.
Elon Musk's platform X has blocked the account of a jailed rival of Turkish President Erdoğan, raising concerns amid an ongoing high-profile investigation into the platform. In other news, Bangladesh has issued an arrest warrant for British MP Siddiq, linked to a political dynasty under scrutiny for corruption. Additionally, a Russian missile attack in Sumy, Ukraine, has resulted in at least 34 civilian deaths, prompting condemnation from President Trump’s envoy for Ukraine. The UK has suspended import duties on 89 products to assist firms affected by Trump's trade wars, with the suspension lasting until mid-2027.
The U.S. government is actively encouraging countries to approve licenses for Elon Musk's Starlink satellite service, particularly in nations facing tariffs, as part of broader trade negotiations. Countries like Lesotho and India have expedited approvals, viewing them as strategic moves to foster better trade relations with the U.S. Amidst competition with China in telecommunications, U.S. officials see Starlink's global expansion as vital for maintaining American dominance in satellite internet connectivity.
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Starlink to launch competitive data plans in India similar to Bangladesh
12:04 09.06.2025
global islamic finance assets reach 3.9 trillion with strong growth in 2024
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05:00 09.06.2025
senate democrats call for investigation into musk starlink foreign deals
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18:25 14.05.2025
ubs maintains buy rating for british american tobacco with target price of 3900 pence
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citizens bank holds annual business review and strategy meeting
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Bangladesh aims for upper middle income status by 2031 at World Expo
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Deutsche Bank raises Goodyear price target while maintaining buy rating
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16:43 09.05.2025
senators call for investigation into elon musk's starlink business dealings
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02:00 09.05.2025
Musk's X blocks account of jailed Erdoğan rival amid ongoing investigations
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us government promotes starlink adoption amid global trade negotiations and tariffs
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