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Bangladesh's inflation in July reached a 12-year high at 11.66 %, as it faced turmoil due to the massive <keyword id="21163697" type="General" weightage="20" keywordseo="student-protest" source="keywords">student protest</keyword> over a controversial job <keyword id="22297733" type="General" weightage="20" keywordseo="quota-system" source="keywords">quota system</keyword>, according to the country's Bureau of Statistics. The inflation was 9.72% in June, The <keyword id="20085396" type="General" weightage="20" keywordseo="Dhaka-Tribune" source="keywords" meta.keywordsubtype="org" meta.entityname="Dhaka Tribune" meta.hostid="261" meta.entityid="Dhaka Tribune">Dhaka Tribune</keyword> newspaper reported. Data released by the Bangladesh Bureau of Statistics on Monday showed that food inflation in July registered a record high of 14.10%, and non-food inflation stood at 9.68%. This was 10.42% and 9.15% respectively, in June. The previous high of the general inflation rate was 9.94% last May, the report said. July was marked by country-wide protests by the Anti-Discrimination Student Movement that began demanding quota system reforms in government jobs. A crackdown by the government on dissenters further provoked the protests, as agitators soon began to demand the resignation of the Sheikh Hasina-led <keyword id="22548994" type="General" weightage="20" keywordseo="Awami-League-government" source="keywords" meta.keywordsubtype="org" meta.entityname="Awami League government" meta.hostid="261" meta.entityid="Awami League government">Awami League government</keyword>. Hasina, 76, resigned and fled to India last week, and an interim government was formed, headed by Chief Adviser, 84-year-old Nobel laureate Muhammad Yunus. Over 230 people were killed in Bangladesh in the incidents of violence that erupted across the country, following the fall of the Hasina government on August 5, taking the death toll to 560, since the anti-quota protests first started in mid-July. July also witnessed curfews and internet shutdown for several days, disrupting supply chains and hampering the smooth operations of people and businesses. Rail and port services were also affected. The Mastercard Economic Institute (MEI) in a recent forecast said the country is expected to experience a decline in both <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> and inflation in the fiscal year 2025, The Dhaka Tribune reported. According to MEI, the country's GDP growth will drop to 5.7%, while inflation, after rising to 9.8% in FY24, is projected to ease to 8 in FY25.

Bangladesh's inflation spikes to 12-year high to 11.66% in July, amid widespread anti-quota protests

Fewer than one in five children (18.7 per cent) in <keyword id="6354759" type="General" weightage="80" keywordseo="bangladesh" source="Orion">Bangladesh</keyword> participated in remote learning during Covid-19 school closures, a new report has revealed. This extraordinary scale of the impact of school closures was confirmed in a report released here on Thursday, reports <keyword id="106387" type="General" weightage="80" keywordseo="xinhua-news-agency" source="Orion">Xinhua news agency</keyword>. The report titled "National Survey on Children's Education in Bangladesh 2021", a joint survey by the <keyword id="3041703" type="General" weightage="80" keywordseo="bangladesh-bureau-of-statistics" source="Orion">Bangladesh Bureau of Statistics</keyword> and <keyword id="56000" type="General" weightage="80" keywordseo="unicef" source="Orion">Unicef</keyword>, shows that the hardest hit is the most vulnerable children who have limited access to the Internet and TV, and who lack supportive devices such as computers or smartphones at home. Fewer children from rural areas (15.9 per cent) participated in remote learning, such as online and televised, compared to those from urban areas (28.7 per cent). "The pandemic's impact on children is still reverberating throughout the country. It is critical to close the digital divide and to make the education system more shock responsive," said <keyword id="16109209" type="General" weightage="80" keywordseo="sheldon-yett" source="Orion">Sheldon Yett</keyword>, Unicef representative to Bangladesh. The survey would help understand the extent of the impact of the prolonged school closure during Covid-19 pandemic on attendance, out-of-school, drop-out, and learning loss of children, in a bid to support the government to take steps for improving the quality and standard of education, said <keyword id="16822345" type="General" weightage="80" keywordseo="mohammad-abdul-mannan" source="Orion">Mohammad Abdul Mannan</keyword>, the minister of planning. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/lolita-chakrabartis-stage-adaptation-of-life-of-pi-comes-to-new-york/articleshow/98725796.cms">Lolita Chakrabarti's stage adaptation of 'Life of Pi' comes to New York</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/reliance-shares-down-22-from-all-time-high-attractive-entry-opportunity-says-jp-morgan/articleshow/98725589.cms">Reliance shares down 22% from all-time high: Attractive entry opportunity, says JP Morgan</a>

Less than 1 in 5 Bangladeshi kids could learn remotely during Covid: Unicef report

<ul class="summary-list"><li>US stocks closed mixed after choppy trading on Friday following a strong jobs report.</li><li>Friday's report from the Bureau of Labor Statistics showed the US added 372,000 jobs in June. </li></ul>US stocks ended mixed Friday following a choppy day of trading after a strong June jobs report, though all three major indexes notched a gain for the week. The US added 372,000 jobs last month, beating forecasts with the economy inching closer to <a href="https://www.businessinsider.com/june-jobs-report-hiring-payrolls-unemployment-rate-labor-market-recovery-2022-7">pre-pandemic employment numbers</a>. But the strong number suggest the Fed will remain committed to its path of interest rate hikes to rein in inflation. "It's difficult to rectify how some are claiming the economy is in recession when job growth remains well above long-term averages and wage growth is the strongest in decades," Peter Essele, head of portfolio management at Commonwealth Financial network, said. "More jobs and higher pay means more consumer purchasing power, which bodes well for an economy that's two-thirds consumption."Here's where US indexes stood after the market close at 4:00 p.m. on Friday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 3,899.38, down 0.08% </li></ul><ul><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 31,338.15, down 0.15% (46.40 points)</li></ul><ul><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 11,635.31, up 0.12% </li></ul><a href="https://markets.businessinsider.com/news/stocks/upstart-stock-price-q2-earnings-revenue-guidance-inflation-recession-fears-2022-7">Upstart shares plunged as much as 22%</a> after the online lender cut its quarterly guidance on inflation and recession fears. The company now sees second-quarter revenue of $228 million, down from earlier estimates of $295 million to $305 million.In a Friday note published by Bank of America, analysts said<a href="https://markets.businessinsider.com/news/stocks/recession-us-inflation-bank-of-america-sticky-prices-markets-housing-2022-7"> the US would need a deep recession</a> in order to bring down inflation to a 2% target within two years. To tame the sticky, high prices, the Fed would need to be very aggressive with rate hikes. Overseas, Russian cuts to gas supplies forced <a href="https://markets.businessinsider.com/news/commodities/germany-russia-ukraine-uniper-gas-energy-pipeline-prices-sanctions-inflation-2022-7">Germany's Uniper to seek a government bailout</a>. The utility company already faced a cash crunch before Moscow's invasion of Ukraine, but the war has shaken energy <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>.Meanwhile, <a href="https://markets.businessinsider.com/news/commodities/europe-gas-crisis-lng-supply-poorer-nations-ukraine-war-russia-2022-7">Europe has been ramping up imports of liquefied natural gas</a> amid the ongoing war. But poorer nations including Brazil, Bangladesh, Pakistan and others have struggled to get enough energy during the same stretch.Oil inched higher, with <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate</a> up 1.96% to $104.78 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, moved up 2.29% to $107.05 a barrel. <a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> edged higher 0.109% to 1,741.30 per ounce. The <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&amp;utm_source=markets">10-year yield</a> rose 8.2 basis points to 3.088%.<a href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> rose 0.44% to $21.718.07.

US stocks end mixed but notch weekly gain after strong jobs report

<ul class="summary-list"><li>US stocks dropped Friday, as investors took in a strong <keyword id="11899183" type="UNKNOWN" weightage="60" keywordseo="jobs" source="Orion">jobs</keyword> report.</li><li>Nonfarm payrolls increased 372,000 in June, above expectations, which clears the way for more Fed rate hikes. </li></ul>US stocks dropped Friday as the June jobs report came in above expectations, clearing the way for more aggressive rate hikes from the <keyword id="11895523" type="UNKNOWN" weightage="60" keywordseo="federal-reserve" source="Orion">Federal Reserve</keyword>. Nonfarm payrolls increased 372,000 for June, according to the Bureau of Labor Statistics, well above Dow Jones' estimate of 250,000 and carrying on this year's trend of strong job growth."While many participants were looking for a broader slowdown in hiring last month, the reality is the demand for labor remains strong and absent a meaningful decline in hiring, it is hard to envision the economy is on the brink of recession," said Charlie Ripley, senior investment strategist at Allianz Investment Management. "Overall, today's report simply means the Fed still has more work to do with regards to policy rates to cool demand in the economy and a 75 basis point rate hike is almost a certainty at this point."The tech-heavy Nasdaq is up roughly 4.4% on the week, and the Dow Jones Industrial Average is up about 0.92%, with both indexes are on track for their second positive week out of the last three. Here's where US indexes stood as the market opened 9:30 a.m. on Friday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 3,885.78, down 0.43% </li></ul><ul><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 31,361.70, down 0.07% (22.85 points)</li></ul><ul><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 11,514.23, down 0.92% </li></ul><keyword id="12998456" type="UNKNOWN" weightage="60" keywordseo="mortgage-rates" source="Orion">Mortgage rates</keyword> posted their <a href="https://markets.businessinsider.com/news/bonds/mortgage-rates-drop-recession-biggest-weekly-drop-since-2008-2022-7">biggest weekly fall since 2008</a>, providing a minor relief to buyers, according to Freddie Mac. The average rate on the 30-year fixed rate loan fell to 5.3%, down from 5.7% last week, Thursday data shows.<a href="https://markets.businessinsider.com/news/stocks/twitter-stock-price-elon-musk-takeover-deal-danger-report-tesla-2022-7">Twitter shares dropped 4% Friday</a> after a report from the Washington Post said that Elon Musk's buyout deal was in "serious jeopardy."Warren Buffett's Berkshire Hathaway bought another $700 million of Occidental Petroleum stock, bringing the firm's<a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-invest-energy-stocks-occidental-petroleum-stake-2022-7"> total stake in the energy giant to $11 billion</a>. Meanwhile, Goldman Sachs forecasted that oil will hit <a href="https://markets.businessinsider.com/news/commodities/oil-price-outlook-recession-watch-risks-140-barrel-goldman-sachs-2022-7">$140 a barrel</a> thanks to overplayed recession risks. Over the past month, crude has tumbled over 15%, though the bank said commodities investors are worrying too much about a recession. Overseas, Europe has ramped up liquefied natural gas imports by nearly 50% this year, <a href="https://markets.businessinsider.com/news/commodities/europe-gas-crisis-lng-supply-poorer-nations-ukraine-war-russia-2022-7">but poorer countries have struggled to get enough of the fuel</a> amid war in Ukraine and a worsening energy crisis. Nations like Bangladesh, India, and Brazil have all had to cut imports as Europe does the opposite.Oil inched higher, with <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate</a> up 0.57% to $103.44 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, moved up 0.77% to $105.40 a barrel. <a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> edged lower 0.155% to 1,736.30 per ounce. The <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&amp;utm_source=markets">10-year yield</a> rose 6.3 basis points to 3.071%.<a href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> fell 1.18% to $21.372.01.

US stocks slip as strong jobs report keeps the Fed on pace for more rate hikes

Mohammad Ponir Hossain/ReutersA man in Dhaka, Bangladesh leaps between the crowded train cars.Urbanization is taking over the world.By the year 2050, 70% of the world will live in cities, according to the <a href="http://www.prb.org/Publications/Lesson-Plans/HumanPopulation/Urbanization.aspx">Population Reference Bureau</a>.One of the most striking ways to see this growth is through the lens of population density, or the statistical measure of a city's congestion.The most population-dense cities grapple with unique challenges. They fight for resources, like housing and personal space, and they put infrastructure to the test.Here's just a taste of what life is like.

Here's what life is like in the world's most crowded cities

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Mohammad Ponir HossainA boy plays with sand as his mother works in a nearby restaurant on the outskirt of Dhaka, Bangladesh.</div></div></div>Here is what you need to know. <a href="https://twitter.com/MxSba/status/799554149989892096">The final poll for the Italian referendum is in</a>. The last poll taken before the December 4 constitutional referendum shows 37% 'YES,' 42% 'NO,' and 21% undecided, according to a tweet from Bloomberg Euro-Area Economist Maxime Sbaihi. <a href="http://www.businessinsider.com.au/euro-on-a-record-losing-streak-2016-11">The euro is on a record losing streak</a>. Light selling on Friday has the single currency down 0.1% at 1.0615 against the dollar and on track for a 10th straight day of losses, something that has never happened before, according to the Financial Times.<a href="http://www.reuters.com/article/us-china-economy-homeprices-idUSKBN13D0H4?il=0">China's housing market is cooling down</a>. Data released by the National Bureau of Statistics showed home prices in China's biggest cities rose 1.1% month-over-month, nearly half of the 2.1% gain seen in September, Reuters says. On a year-over-year basis, prices jumped 12.3%. <a href="http://www.businessinsider.com/tesla-shareholders-have-approved-the-solarcity-takeover-2016-11">Tesla merger with SolarCirt has been given the green light</a>. More than 85% of Tesla shareholders voted in favor of the $2 billion deal.<a href="http://www.businessinsider.com/volkswagen-cuts-jobs-globally-germany-restructuring-programme-closely-after-emissions-scandal-settlement-2016-11?r=UK&amp;IR=T">Volkswagen is axing 30,000 jobs</a>. The layoffs come as part of a restructuring program that aims to save the German automaker 3.7 billion euros ($3.9 billion) annually over the next five years. <a href="http://www.businessinsider.com/salesforce-earnings-q3-2016-2016-11">Salesforce.com beats</a>. The company beat on both the top and bottom lines, earning $0.24 per share on revenue of $2.14 billion. "I'm delighted to announce that we expect to deliver our first $10 billion year during our fiscal year 2018, which puts us well on the path to reach $20 billion faster than any other enterprise software company," CEO Marc Benioff said in the earnings release.<a href="http://www.businesswire.com/news/home/20161117006347/en/NIKE-Announces-13-Percent-Increase-Quarterly-Dividend">Nike hikes its dividend</a>. The athletic apparel giant raised its quarterly cash dividend 13% to $0.18 per share. "Nike has a consistent track record of delivering value to our shareholders and today's announcement marks the 15th consecutive year we have increased our dividend," Nike President and CEO Mark Parker said in a statement. <a href="http://markets.businessinsider.com/indices">Stock markets around the world are mixed</a>. Japan's Nikkei (+0.6%) booked solid gains overnight and Britain's FTSE (-0.5%) trails in Europe. The S&amp;P 500 is set to open lower by 0.1% near 2,184. Earnings reporting is light. Abercrombie &amp; Fitch and Foot Locker are among the names reporting ahead of the opening bell. US economic data is absent. However, the Baker Hughes rig count will be released at 1 p.m. ET. The US 10-year yield is up 1 basis point at 2.31%.

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Bangladesh's inflation spikes to 12-year high to 11.66% in July, amid widespread anti-quota protests

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US stocks end mixed but notch weekly gain after strong jobs report

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