An Oxford University study published in the British journal Nature Sustainability warns that nearly half of the world’s population could suffer from extreme heat by 2050 if fossil fuel use continues at the current rate. The research, based on a projected two-degree Celsius rise in global temperature from pre-industrial levels, found that 41 percent of people—about 3.79 billion—would be exposed to dangerous heat, up from 23 percent in 2010.

The study, led by Dr. Jesus Lizana of Oxford’s Department of Engineering Science, highlights a sharp contrast between national temperature averages and actual living conditions. It identifies India, Nigeria, Indonesia, Bangladesh, Pakistan, and the Philippines as particularly vulnerable to severe heat exposure. The findings also show that regions with high population density will experience over 3,000 cooling degree days, indicating a growing demand for air conditioning and other cooling systems.

Researchers noted that extreme cold conditions will decline globally, with the share of “severely cold” populations dropping from 14 percent to 7 percent. This shift will increase cooling needs in tropical countries while reducing heating requirements in northern nations such as Canada and Russia.

The government of Bangladesh has approved separate proposals to buy 10 million liters of refined soybean oil and 10,000 tons of lentils to stabilize the market ahead of the upcoming holy month of Ramadan. The approvals were granted at the fourth meeting of the Advisory Council Committee held at the Cabinet Division on Tuesday, chaired by Economic Adviser Dr. Salehuddin Ahmed. After the meeting, Energy Adviser Muhammad Faozul Kabir Khan said the decision was taken to keep the prices of edible oil and lentils stable during Ramadan.

According to the approved plans, the lentils will be purchased from local company KBC Agro Products Pvt. Ltd. through open tender in 10 lots at a total cost of Tk 70.96 crore, with the price set at Tk 70.96 per kilogram. The soybean oil purchase will cost Tk 185.92 crore, with 5 million liters to be bought from Super Oil Refinery Ltd. at Tk 185.95 per liter and another 5 million liters from Shabnam Vegetable Oil Industries Ltd. at Tk 185.90 per liter.

The same meeting also approved fertilizer imports, a road sector project, and the purchase of a research vessel and speedboats for oceanographic research.

Bangladesh’s mobile phone sector is facing severe instability following the government’s implementation of the National Equipment Identity Registrar (NEIR) system. The Mobile Phone Industry Owners Association of Bangladesh (MIOB) raised branded handset prices soon after the rollout and donated Tk 46 crore to the Bangladesh Telecommunication Regulatory Commission (BTRC) to support the project. Meanwhile, grey market traders have protested the initiative, claiming it will render their unsold stock unusable. After a 20‑day closure, they reopened shops but suspended sales of officially distributed smartphones, pledging to continue demonstrations until March 15.

Industry sources said the price surge is not sudden but linked to a global rise in memory chip costs, which have increased by up to 60% since 2025. The higher component prices, coupled with growing demand for AI‑enabled smartphones requiring more RAM and processing power, have pushed production costs up by 10–15%. Retail prices in Bangladesh have risen 10–25% across categories, with brands such as Xiaomi, Vivo, Infinix, Realme, Samsung, and OnePlus all increasing prices.

The BTRC stated that it accepted MIOB’s donation due to the absence of government budget for NEIR, describing the move as being in the national interest.

Bangladesh’s Chief Adviser’s Special Envoy for International Affairs, Lutfey Siddiqi, has said that the United States is likely to announce a reduction in counter-tariffs on Bangladeshi products early next week. Speaking at a press conference at the Foreign Service Academy on Tuesday, he stated that the US is sincere about lowering tariffs and that an official announcement could come by the end of this week or the beginning of next. The current tariff rate stands at 20 percent, though the extent of the reduction has not yet been clarified.

Siddiqi explained that he held detailed discussions on the issue with US Treasury Secretary and cabinet member Scott Besent during the World Economic Forum in Davos. He noted that many elements of the US non-tariff policy align with Bangladesh’s interim government’s reform agenda and that the trade deficit between the two countries, previously around six billion dollars, has significantly narrowed. These developments, he said, have contributed to a positive outlook from the US regarding easing trade barriers for Bangladesh.

Siddiqi also discussed Bangladesh’s ongoing trade talks with the European Union, Japan, Singapore, and South Korea, highlighting both opportunities and challenges in securing future trade benefits after the country’s graduation from LDC status.

The long-anticipated Padma Barrage construction project, valued at Tk 50,444 crore, has been halted at the final stage after it was not presented for approval at the Executive Committee of the National Economic Council (ECNEC) meeting. The project aimed to restore biodiversity across 26 districts and 123 upazilas in Bangladesh’s southwest region, severely affected by India’s upstream water withdrawal. The Planning Ministry confirmed that despite all preparations, the project was not tabled for reasons not disclosed.

Geopolitical analysts view the delay as a sign of the interim government’s concession to India, while experts stress that India’s unilateral withdrawal of water from shared rivers has caused severe environmental and agricultural damage in Bangladesh. The Planning Ministry stated that the government’s current priority is to ensure a free and fair national election, after which the elected administration will decide on the project.

Documents show that India has repeatedly objected to the project during bilateral and technical discussions. Officials indicated that the proposal may be reconsidered in a future ECNEC meeting or by the next elected government.

The Bangladesh Air Force and China Electronics Technology Group Corporation (CETC) International have signed a government-to-government agreement to establish a drone manufacturing and assembly plant in Dhaka Cantonment. The signing ceremony took place at the Air Force Headquarters, with Air Chief Marshal Hasan Mahmood Khan attending as the chief guest. According to the Inter-Services Public Relations (ISPR), the project includes technology transfer, capacity building, and joint technical cooperation aimed at enhancing Bangladesh’s self-reliance in unmanned aerial vehicle (UAV) production.

ISPR stated that the Air Force will initially gain the capability to produce and assemble various types of medium-altitude, low-endurance, and vertical take-off and landing UAVs. The drones will serve both military operations and humanitarian or disaster management missions. The agreement is expected to expand domestic UAV production capacity to meet national and international demand while contributing to the development of a skilled aerospace workforce through specialized training and knowledge exchange.

The event was attended by China’s Ambassador Yao Wen, senior officials from the Armed Forces Division, several ministries, and representatives from CETC International.

Bangladesh Telecommunication Company Limited (BTCL) has officially launched the long-awaited .bd second-level domain, such as example.bd, to strengthen the country's IT and digital economy. The new domain system allows local entrepreneurs, startups, freelancers, and general users to register shorter, more appealing, and nationally representative domain names. Before the launch, BTCL held a three-month 'sunrise period' enabling existing .com.bd users to reserve their corresponding .bd domains, helping prevent name conflicts and cyber-squatting.

Alongside the domain rollout, BTCL introduced a transparent, technology-driven reseller system through which customers can purchase domains directly from approved resellers listed on BTCL’s website. The company issued several guidelines to ensure proper domain use, including restrictions on obscene or provocative names, bans on resale or leasing of domains, and priority allocation for government agencies. Disputes will be jointly resolved by BTCL and the Bangladesh Telecommunication Regulatory Commission (BTRC).

Experts believe the initiative will make Bangladesh’s domain management more secure and internationally compliant, reinforcing the nation’s digital infrastructure and sovereignty.

Bangladesh Bank has decided not to immediately liquidate three non-bank financial institutions—GSP Finance, Prime Finance, and Bangladesh Industrial Finance Company (BIFC)—while proceeding with closure plans for six others. The decision was made at a board meeting chaired by Governor Ahsan H. Mansur, where the institutions were given three to six months to improve their financial indicators. The central bank had earlier initiated liquidation proceedings against nine NBFIs due to high default loans and failure to return deposits.

The nine institutions under scrutiny include FAS Finance, BIFC, Premier Leasing, Fareast Finance, GSP Finance, Prime Finance, Aviva Finance, Peoples Leasing, and International Leasing. Their default loans reportedly range between 75 and 98 percent, attributed to long-standing irregularities and weak management. Hearings on the liquidation process concluded last Sunday, after which the board approved conditional time extensions for the three firms.

Governor Mansur also stated that depositors of the nine distressed NBFIs will receive their principal amounts before Ramadan, with the government verbally approving around Tk 5,000 crore for repayments. No interest will be paid on these deposits.

Chief Adviser Professor Muhammad Yunus on Tuesday inaugurated an e-learning initiative in 12 schools across the three hill districts of Bangladesh. The virtual launch took place from the state guesthouse Jamuna, connecting Yunus with teachers and students from three primary and nine secondary schools. The program will gradually expand to 149 selected schools in the region. Officials from the Prime Adviser’s Office and the Ministry of Chittagong Hill Tracts Affairs attended the event.

During the ceremony, Yunus acknowledged the government’s delay in ensuring internet access in remote areas and emphasized the need to reach all 3,500 schools quickly. He highlighted that e-learning would allow students to learn from teachers anywhere in the world, improving education quality despite local teacher shortages. Yunus also noted that internet connectivity could enhance access to healthcare and information in remote communities.

Adviser Supradeep Chakma of the Ministry of Chittagong Hill Tracts Affairs said the initiative fulfills a government promise and marks a new chapter in education for the hill region, aiming to connect it more closely with the rest of Bangladesh and the world.

Oman has assured that work visas for Bangladeshi workers will be reopened within the next two months. The decision came following a meeting between Dr. Asif Nazrul, adviser to Bangladesh’s interim Ministry of Expatriates’ Welfare and Overseas Employment, and Oman’s Minister of Labour Dr. Mahad bin Saeed bin Ali Bawain Salim Al-Busaidi. The discussion took place on the sidelines of the Global Labour Market Conference in Riyadh.

During the meeting, Dr. Nazrul praised Oman’s initiative to regularize undocumented Bangladeshi workers without penalties and requested opportunities for skilled professionals such as engineers, doctors, and nurses to enter Oman’s labour market. He also urged reconsideration of the suspension on work visas for unskilled and semi-skilled workers.

Oman’s labour minister explained that the suspension, imposed in 2023, aimed to prioritize the regularization of irregular migrant workers. He confirmed that after reviewing the situation, Oman would resume issuing work visas for Bangladesh soon. Dr. Nazrul also proposed holding the next Joint Technical Committee session in Muscat and signing a finalized memorandum of understanding to strengthen bilateral labour cooperation.

Indonesia’s navy confirmed that 23 marines were killed after being trapped in a landslide in West Java province. The incident occurred early Saturday in Pasir Langu village of Bandung Barat district, about 100 kilometers southeast of Jakarta. Navy spokesperson First Admiral Tunggul said the marines were participating in a training exercise linked to patrol preparations along the Indonesia–Papua New Guinea border when heavy rain triggered the landslide.

According to the National Disaster Mitigation Agency, the death toll from the landslide had risen to 20 by Tuesday afternoon, with 42 people still missing. It was not immediately clear whether the military casualties were included in that figure. Around 800 rescuers, including soldiers and police, along with nine excavators, were deployed to search for the missing. Authorities evacuated 685 residents from the affected village to local government buildings for shelter.

The disaster struck during the peak of the rainy season across Java, which has recently experienced widespread flooding. Two months earlier, floods and landslides on Sumatra island caused about 1,200 deaths and displaced more than one million people.

Venezuela’s interim president Delcy Rodríguez has forecast that the country could attract around $1.4 billion in foreign investment in its oil sector in 2026. She said the projected amount would represent about a 55 percent increase compared to 2025 if planned reforms are implemented. Rodríguez made the remarks during a public consultation meeting with business leaders on opening the oil industry to private investment.

According to AFP reports from Caracas, Rodríguez explained that a proposed bill aimed at easing long-standing state control over the energy sector is awaiting final approval in parliament. She noted that last year’s oil investment stood at about $900 million, while contracts worth $1.4 billion have already been signed for the current year. She emphasized that Venezuela, which holds the world’s largest proven oil reserves, must regain a strong production position.

Rodríguez assumed the interim presidency on January 3 after U.S. special forces ousted Nicolás Maduro. She now faces U.S. pressure to grant American oil companies access to Venezuelan fields, a condition reportedly tied to former U.S. president Donald Trump’s support for her leadership.

Ha-Meem Group of Industries Managing Director AK Azad said that Bangladesh’s tight monetary policy has already led to the loss of 1.2 million jobs, with another 1.2 million at risk in the next six months. Speaking on Tuesday at a roundtable titled “Implications of LDC Graduation for Banking Industry: Bangladesh Perspective,” organized by the International Chamber of Commerce Bangladesh (ICC), Azad argued that inflation cannot be reduced solely through monetary tightening, as it is linked to revenue and other factors. The event was attended by Bangladesh Bank Governor Ahsan H. Mansur, ICC President Mahbubur Rahman, and several business and banking leaders.

Citing a study by Ahsan Habib, Azad noted that LDC graduation could reduce exports to the European Union by 45 percent and that the banking sector’s non-performing loans have reached 30 percent due to a slowdown in the ready-made garments industry. He warned that this could deepen liquidity pressures, with default rates at 50 percent in state banks and 30 percent in private ones. Azad added that the private sector has taken only 6 percent of total bank loans, compared to the government’s 27 percent, which may rise to 32 percent.

He emphasized that without boosting investment and employment, the economy cannot be stabilized through monetary policy alone and urged the new government to address the impacts of LDC graduation promptly.

The United States has sharply criticized the European Union over its long-awaited free trade agreement with India, accusing Europe of indirectly financing the Russia–Ukraine war. Senior economic officials in the Trump administration claimed that by purchasing refined Russian oil from India, Europe is unintentionally supporting Moscow’s war efforts. US Treasury Secretary Scott Bessent said that although Europe has restricted direct oil trade with Russia, its imports of refined oil from India amount to indirect funding of the conflict.

Bessent described Europe’s approach as unbalanced compared to Washington’s tougher stance. He noted that the US has imposed a 50 percent tariff on India as a punitive measure while Europe continues to benefit by buying refined oil. His comments came as India and the EU prepared to formally announce the trade deal after nearly 14 years of negotiations. European Commission President Ursula von der Leyen has called the agreement “the mother of all trade deals.”

The announcement adds a new dimension to global trade amid existing tensions driven by US tariff policies and the ongoing Russia–Ukraine war.

India and the European Union have finalized a landmark free trade agreement after almost twenty years of intermittent negotiations, Prime Minister Narendra Modi announced on Tuesday. The deal, reached amid global uncertainty surrounding the United States, aims to strengthen alternative economic and strategic ties between the two sides. It will open India’s large and relatively protected market to the 27 EU member states, while the EU remains India’s largest trading partner.

Modi described the agreement as a major breakthrough, calling it the “mother of all deals” that will create new opportunities for India’s 1.4 billion people and millions across Europe. He and European Commission President Ursula von der Leyen are expected to present the details at the India–EU summit in New Delhi. In the 2024–25 fiscal year, bilateral trade between India and the EU reached 136.5 billion dollars.

According to an Indian government official, the agreement is now undergoing legal review, expected to take five to six months. Once completed, it could come into effect within a year of formal signing.