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December 17, 2018 - PM pays homage to Bangabandhu on Victory Day
December 17, 2018 - President pays rich tributes to martyrs on Victory Day
December 17, 2018 - PM pays tributes to martyrs on Victory Day
December 17, 2018 - AL to unveil election manifesto tomorrow
December 17, 2018 - ICSB celebrates the 48th great Victory Day
December 17, 2018 - Don’t escape from election: Nasim
December 17, 2018 - 48th Victory Day observed in New Delhi
December 15, 2018 - President mourns death of film director Amjad Hossain
December 15, 2018 - People to cast vote for boat rejecting BNP, says Quader
December 15, 2018 - Do not vote derailed persons in next polls: Tofail
December 14, 2018 - Use of LPG grows over 21pc since 2009
December 14, 2018 - Grand alliance uses different symbols for strategic reasons: Quader
December 13, 2018 - BD foods to export Dan Cake to Maldives
December 13, 2018 - ‘Digital Bangladesh Day’ observed
December 13, 2018 - AL Publicity Sub-Committee starts polls campaign today
December 13, 2018 - SC upholds stay against Tuku, Dulu’s nomination papers
December 13, 2018 - National flag to be hoisted at govt, private buildings on Dec 16
December 13, 2018 - Govt bans carrying of firearms during polls: Kamal
December 13, 2018 - Govt draws elaborate programmes marking Martyred Intellectuals Day
December 13, 2018 - Bangladesh takes the lead in piloting ICT programme: Muhith
December 11, 2018 - Quader urges youths to vote for ‘Boat’
December 11, 2018 - Govt draws elaborate programmes marking Martyred Intellectuals Day
December 11, 2018 - BNP tries to foil elections: Quader
December 11, 2018 - ACC finds irregularities over Ideal School’s lottery
December 11, 2018 - Vision for 24,000 MW power to be fulfilled by 2021
December 11, 2018 - Countrymen yet to forget BNP’s torture: Tofail
December 11, 2018 - Dublar Char to get 4.5 square km land after dredging Pashur channel
December 10, 2018 - AKM Shaheed Reza, Chairman, Board of Directors of Mercantile Bank Limited, inaugurating its 131st branch at Sirajganj Municipality area on Sunday. Kazi Masihur Rahman, CEO, Senior Executives of the Bank, Wahidul Islam, Vice-President of Sirajganj Chamber and President of Fertilizer Association and local elites were also present.
December 10, 2018 - Prof. Dr. Mojib Uddin Ahmed, Chairman, Board of Directors of the Investment Corporation of Bangladesh (ICB), presiding over its 42nd AGM at a hotel in the city on Saturday. Kazi Sanaul Hoq, Managing Director and other directors of the organization were also present.
December 10, 2018 - Professor Dr. A H M Mostafizur Rahman, VC of Kabi Nazrul Islam University along with S M Amzad Hossain, Chairman of South Bangla Agriculture & Commerce (SBAC) Bank Limited, inaugurating its 71st branch at Mymensingh on Sunday. Md. Golam Faruque, Managing Director of the Bank and Aminul Haque Shamim, President of Mymensingh Chamber of Commerce were also present.
Britain votes to leave EU, PM resigns

Britain votes to leave EU, PM resigns

LONDON: Britain voted to break away from the European Union, toppling Prime Minister David Cameron and dealing a thunderous blow to the 60-year-old bloc that sent world markets plummeting on Friday.

Cameron announced he would step down to make way for a new leader by early October after voters opted to exit the 28-nation alliance in defiance of his predictions of economic disaster and isolation.

Britons, many of them worried by immigration, decided 52 percent to 48 percent in favour of quitting the bloc, a margin of more than one million votes, according to final results from Thursday’s referendum.

“The British people have voted to leave the European Union and their will must be respected,” Cameron said, as the shockwave of their decision sent sterling, global stocks and oil prices plummeting.

Britain will be the first country to leave in the history of the EU, the culmination of decades of suspicion over European aims of creating an ever-closer political union.

The result — after a deeply polarising and often vitriolic campaign — also threatens the very unity of the United Kingdom, with Scotland unwilling to follow the rest of the country out of the EU.

The Conservative prime minister promised to try to “steady the ship” over the next few months but said a new leader should be installed by early October.

“I do not think it would be right for me to try to be the captain that steers our country to its next destination,” he said outside his official Downing Street residence in London.

The bookmakers’ favourite to replace him is former London mayor Boris Johnson, a rival from within his ruling Conservative Party who was the “Leave” camp figurehead.

– ‘Independence day’ –

“Let June 23 go down in our history as our independence day,” said top anti-EU campaigner Nigel Farage, leader of the UK Independence Party, who had promised Britons the chance to retake power from Brussels and rein in high immigration.

“We’ve done it! We’ve won!” anti-EU campaigners shouted at the festivities in an office block in Westminster, popping open champagne bottles as “Leave” victories flowed in. “Out! Out! Out!”, they chanted as dawn broke.

Immigration and an erosion of financial security have become rallying cries for populists across Europe, just as they have for Donald Trump’s campaign in the US presidential election.

Trump hailed the British vote as he arrived in Scotland to unveil a refurbishment of his Trump Turnberry golf course, shortly after the results became clear. “I think it’s a great thing. I think it’s a fantastic thing,” he told reporters.

– ‘Madhouse’ –

The result of the vote sent sterling collapsing 10 percent to touch a 31-year low of $1.3229. European stock markets dropped around eight percent at the opening bell. British banking shares lost a quarter of their value in morning trade.

The Bank of England promised to take “all necessary steps” to secure market stability.

“It’s a madhouse in here. It has been a bloodbath. Carnage,” said David Papier, head of sales trading at foreign exchange house ETX Capital in London.

Voters appeared to have to shrugged off warnings that a Brexit would create a budget hole requiring spending cuts and tax increases once they lose unfettered trade access to the EU.

Their decision will reawaken fears of a domino-effect ripple of exit votes in eurosceptic member state that could imperil the integrity of the bloc, already struggling with twin economic and refugee crises.

Dutch far-right MP Geert Wilders and French National Front leader Marine Le Pen immediately called for referendums on EU membership in their own countries.

“The eurosceptic genie is out of the bottle and it will now not be put back,” Farage said.

The referendum means the world’s fifth-largest economy must now go it alone in the global economy, launching lengthy exit negotiations with the bloc and brokering new deals with all the countries it now trades with under the EU’s umbrella.

– ‘Sad day’ –

European Commission chief Jean-Claude Juncker has warned the EU will “not be bending over backwards” to help Britain in those negotiations. Analysts say it could take the island nation a decade to secure new trade accords worldwide.

“It looks like a sad day for Europe and the United Kingdom,” German Foreign Minister Frank-Walter Steinmeier said on Twitter.

In a worst-case scenario, the International Monetary Fund has warned that the British economy could sink into recession next year and overall economic output would be 5.6 percent lower than otherwise forecast by 2019, with unemployment rising back above six percent.

Thousands of jobs in the City could be transferred to Frankfurt or Paris, top companies have warned. The Brexit camp argued that the business world will adapt quickly, however, with Britain’s flexible and dynamic economy buoyed by new economic partners and selective immigration.

– Split in two –

The campaign has left Britain riven in two, marked by the brutal murder of pro-“Remain” British lawmaker Jo Cox, a mother of two who was stabbed, shot and left bleeding to death on the pavement a week ahead of the vote.

Two years after Scotland voted in a referendum to remain in the United Kingdom, its political leader First Minister Nicola Sturgeon has said a new independence vote is “definitely on the table” after Britain voted against the majority will expressed by Scots.

“Scotland sees its future as part of the EU,” Sturgeon told television news after the vote.

Northern Ireland, which is part of the United Kingdom, is now faced with the prospect of customs barriers for trade with EU-member the Republic of Ireland. Irish republicans Sinn Fein called for a vote on Irish unity following the referendum.

Leaders of the European Union, a bloc born out of a determination to forge lasting peace after two world wars, will open a two-day summit on Tuesday to grapple with the British decision.

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