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A day after Prime Minister Sheikh Hasina of Bangladesh dramatically resigned and fled the country, the student groups that led the popular uprising against her proposed a notable name to help lead the interim government: Muhammad Yunus, a microfinance pioneer who received the Nobel Peace Prize.
Yunus, known as the ‘banker to the poor’, is the choice of the student movement to head the new interim government.
HO CHI MINH CITY -- Southeast Asian countries support Hong Kong's bid for "early accession" to the Pacific mega-trade deal they lead with China, the city's Chief Executive John Lee said.
HONG KONG -- Yum China Holdings, the operator of KFC and Pizza Hut chains in the country, is promoting new kinds of shops focused on lower-priced food to cater to increasingly cost-conscious Chinese consumers.
SYDNEY -- The Reserve Bank of Australia on Tuesday again held its official cash rate steady, with Governor Michele Bullock effectively ruling out a cut this year as inflation in the country remains "too high."
But the tariffs of between 5.9 and 22.9 per cent were reapplied a year later following an appeal from Golden Circle, Australia’s only producer of canned pineapples. Another separate measure against larger quantities of pineapples used in food services was removed and remained so.
The spectacular downfall of Sheikh Hasina after 15 years helming Bangladesh followed weeks of student protests which saw hundreds killed and chaos rip across the country.
The nearby mines shut down one by one. The cement business, once the city’s pride, waned. More than a dozen schools closed, as did one of the two movie theaters. The second would eventually follow.