AI spending fears send alphabet shares down nearly 13%

Google parent Alphabet suffered a major stock market setback on Thursday, losing more than $50 billion in market value amid concerns over its massive artificial intelligence (AI) investments and the potential impact of AI-powered search on advertising revenue.Alphabet shares fell nearly 13 per cent on October 29, reaching their lowest level in six months after the company released its latest quarterly financial results.Concerns about the effect of AI-generated summaries in Google Search on its advertising business contributed to the sell-off.Alphabet’s quarterly revenue rose 25 per cent year-on-year to $127.6 billion. Revenue from Google Cloud more than doubled, increasing 103 per cent to around $31 billion.However, the company’s profit fell 25 per cent, while free cash flow turned negative by more than $9 billion following investment and operating expenses.Much of the spending has gone towards developing AI technologies and building the infrastructure needed to support the...

Gold price rises by Tk 2,216 per bhori after four straight cuts

The price of gold has gone up again in the domestic market, with the cost of the best-quality 22-carat gold rising by Tk 2,216 per bhori.The new rates came into effect from 10am Wednesday, according to a press release issued by the Bangladesh Jewellers Association (BAJUS).With the latest adjustment, 22-carat gold will now sell at Tk 223,074 per bhori including VAT.BAJUS said the prices of gold ornaments were adjusted following an increase in the price of refined (tejabi) gold in the local market...

Pathao introduces digital payment on delivery for courier and parcel services

Pathao, the country’s leading digital service platform, has officially launched Digital Payment on Delivery (DPOD) for Pathao Courier and Parcel deliveries. This new feature allows customers to pay for their parcel...

Misinterpretation of religion & patriarchal mindsets remain major challenges to women’s empowerment: Zahir Uddin Swapan, MP

BP DeskSave the Children in Bangladesh celebrated ‘IDG Carnival 2026’ to mark the International Day of the Girl, calling for stronger efforts to uphold the rights of girls and adolescent girls, develop their leadership, advance their empowerment, and ensure their meaningful participation at all levels of society.Held on Thursday at a hotel in the capital under the theme “Rooted in Every Region, Advancing Every Adolescent Girl,” the event brought together policymakers, development partners, youth representatives and other stakeholders.Speaking as the Chief Guest, Zahir Uddin Swapan MP, Political Adviser to the Prime Minister, said, “Misinterpretation of religion and patriarchal attitudes remain major challenges to achieving gender equality and ensuring women&rs...

Nahid accuses govt of plotting to put its own men in caretaker govt

Tigers slump to 79-6 as bad light forces early close in Mirpur

West Indies captain Roston Chase took three wickets as Bangladesh slumped to 79 for six in their second innings before bad light forced an early close on the third day of the first Test in Mirpur on Friday.Bangladesh now lead by 106. Nayeem Hasan and Jaker Ali were both batting on 18 when the umpires took the players off after 29 overs, having added an unbroken 26 for the seventh wicket.Jaker is playing as a concussion substitute for Mominul Haque, who left with an injury.Bangladesh were reduced to 35 for five. Chase, bowling off-spin, struck twice in three balls in the 11th over. Shadman Islam was bowled for 13 by a ball that went straight on through the gap between bat and pad, and Towhid Hridoy was caught at mid-on by Jayden Seales for a duck attempting a big hit across the line.Chase then trapped captain Najmul Hossain Shanto lbw for 10. Shanto reviewed, but ball-tracking showed the ball hitting leg stump.Left-arm spinner Jomel Warrican had Litton Das lbw for four and bowled Mehidy Hasan Miraz for nine with a ball that turned in sharply to hit the top of middle stump, leaving Bangladesh on 53 for six.Tanzid Hasan fell for a duck in the second over, caught by Chase at gully off Shamar Joseph.Earlier, West Indies were bowled out for 245 in reply to Bangladesh's first-innings total of 272, giving the hosts a 27-run lead.Nayeem took four for 33, while Taijul Islam and Mehidy took two wickets each. John Campbell and Tagenarine Chanderpaul made half-centuries for West Indies, reports UNB....

Save Teesta farmers: Break the cycle of water insecurity

Farmers living on the chars of the Teesta River in northern Bangladesh face a relentless struggle against nature and economic uncertainty. During the monsoon, excessive rainfall and rising river level...

NBFI crisis: Time to restore discipline and accountability

The continued rise in non-performing loans in Bangladesh’s non-bank financial institution (NBFI) sector is no longer a problem that can be addressed through isolated corrective measures. It has become a serious issue for depositors, the financi...

KFC's 'Eidi for Angels' Spreads Eid Joy to Underprivileged Kids

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