United News of Bangladesh

Wall Street plunged sharply on Tuesday after US President Donald Trump threatened to impose new tariffs on eight European countries, intensifying tensions over his push to assert American influence over Greenland. The sell-off affected nearly all sectors, extending losses from last week. The S&P 500 fell 143.15 points, or 2.1%, to 6,796.86, marking its steepest decline since October. The Dow Jones Industrial Average dropped 870.74 points, or 1.8%, to 48,488.59, while the Nasdaq composite slid 561.07 points, or 2.4%, to 22,954.32. Technology stocks led the decline, with Nvidia down 4.4% and Apple falling 3.5%. Retailers, banks and industrial companies also lost ground, including Lowe’s (-3.3%), JPMorgan Chase (-3.1%) and Caterpillar (-2.5%). Global markets reacted similarly, with European and Asian indices falling. Japanese long-term bond yields hit record levels amid concerns over fiscal policy. Gold and silver prices surged 3.7% and 6.9% respectively, while bitcoin retreated to around $89,700 from last week’s peak above $96,000. Trump said on Saturday that he would levy a 10% import tax in February on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland. Combined imports from these European nations exceed those from the US’s two largest import partners, Mexico and China. The threat has drawn sharp diplomatic reactions in Europe, with leaders considering countermeasures, including retaliatory tariffs. Analysts warned that such measures could push up inflation, complicating the Federal Reserve’s policy outlook. Investors are also monitoring corporate earnings amid the tariff uncertainty. Industrial giant 3M fell 7% after reporting mixed quarterly results, while other major firms, including Johnson & Johnson, Halliburton and Intel, are expected to release earnings this week.

Danish Prime Minister Mette Frederiksen has said Europe will not bow to pressure from US President Donald Trump, as European leaders rallied behind Greenland in response to Washington’s threat of tariffs over the autonomous Danish territory. Trump has warned he will impose new tariffs on eight US allies – Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the UK – from February if they oppose his plan to take control of Greenland. He has described the island as vital for US security and has not ruled out using force, triggering strong criticism across Europe. In a joint statement, the countries threatened with tariffs said Trump’s move could spark a “dangerous downward spiral” and undermine transatlantic relations. “We stand in full solidarity with the Kingdom of Denmark and the people of Greenland,” the statement said, stressing that Arctic security is a shared Nato interest and that sovereignty and territorial integrity must be respected. Writing on Facebook, Frederiksen said Europe wanted cooperation, not conflict, but would stand firm on its core values. “Europe will not be blackmailed,” she wrote. UK Prime Minister Sir Keir Starmer said he had spoken with Frederiksen, European Commission President Ursula von der Leyen and Nato Secretary-General Mark Rutte before holding talks with Trump. A Downing Street spokeswoman said Starmer made clear that Greenland’s security was a priority for all Nato members and that imposing tariffs on allies over collective security was wrong. Trump has threatened a 10 percent tariff on goods from the eight countries from February 1, with the possibility of raising it to 25 percent until a deal is reached. European leaders have warned the move would damage long-standing alliances, while public protests have already taken place in Denmark and Greenland against Trump’s takeover plan.   With inputs from BBC

The European Union’s apparel import market witnessed a significant reshuffling in 2025, as Bangladesh’s exports to the bloc climbed to €18.06 billion despite a broader trend of falling unit prices and aggressive competition from China. According to the latest Eurostat data for the period of January to November 2025, the EU's total apparel imports grew by 3.93 percent, reaching a total value of €82.94 billion. While the market saw a robust 11.60 percent increase in volume, the average unit price for garments fell by 6.88%, signaling a highly competitive, price-sensitive environment for global suppliers. Bangladesh, the EU's second-largest apparel supplier, saw its export value rise from €16.78 billion in 2024 to €18.06 billion in the first eleven months of 2025—a growth of 7.65 percent. This value growth was largely volume-driven, with an 11.26 percent increase in the quantity of goods shipped, even as the country faced a 3.25 percent decrease in unit prices. However, data from the end of the period suggests a cooling trend. A comparison between November 2024 and November 2025 reveals a sharp 10.87% drop in export value and a 12.27% decline in unit prices, highlighting the mounting pressure on Bangladeshi manufacturers to lower costs. Garment accessories sector posts record $7.45bn export earnings in FY25: BGAPMEA The report highlights a strategic pivot by China. Facing ongoing challenges in the United States market, China has intensified its focus on Europe. Chinese apparel exports to the EU reached €24.42 billion, marking a 6.55 percent growth in value. Most notably, China saw a massive 15.73 percent surge in export volume, supported by a 7.93 percent reduction in unit prices. The sourcing landscape across Asia showed varying results. Vietnam recorded a healthy 10.10 percent growth, reaching €4.02 billion. Unlike its neighbors, Vietnam saw a 4.19 percent increase in unit price, likely reflecting a shift toward higher-value garments. Turkey struggled significantly, facing an 11.31 percent decline in exports to the EU, totaling €7.66 billion. India, Pakistan, and Cambodia all showed substantial growth rates, contributing to the overall volume surge in the European market. Global demand crunch pinches RMG, exports stagnant in first 5 months of fiscal at $16bn "The data reflects a complex environment where volume is up, but margins are being squeezed," noted Mohiuddin Rubel, Managing Director of Bangladesh Apparel Exchange Ltd. "While Bangladesh remains a key player, the aggressive pricing strategies from competitors like China and the recent dip in November figures suggest that staying competitive will require a careful balance of volume and value-addition," he said.

 Greece’s government on Monday said a major radio communications failure that temporarily shut down the country’s airspace a day earlier was unlikely to be the result of a cyberattack, although the exact cause is still being investigated. Air traffic across Greece was halted, diverted or delayed for several hours on Sunday after interference was detected on multiple air traffic control communication channels, including backup systems. Government spokesman Pavlos Marinakis said authorities have found no evidence pointing to a cyber incident. “There is not the slightest indication that we are dealing with a cyberattack,” he said, stressing that this assessment needed to be made clear. The Greek Civil Aviation Authority said the widespread noise across communication channels prompted a precautionary shutdown of operations. Air traffic services were gradually restored after several hours. The outage forced incoming flights to divert to neighboring countries, triggering widespread delays and leaving thousands of passengers stranded at airports. Eurocontrol, the Brussels-based European air navigation safety body, assisted in rerouting aircraft during and after the disruption. It said around 120 flights were grounded on Sunday at Greece’s two busiest airports in Athens and Thessaloniki, adding that knock-on effects continued into early Monday. Greece’s Air Traffic Controllers’ Association said the incident highlighted long-standing concerns over outdated infrastructure, renewing calls for urgent modernization of air traffic control equipment. Israel hits multiple targets in Lebanon ahead of key Hezbollah disarmament talks Authorities on Monday launched both a judicial inquiry and an internal investigation to determine the cause of the failure. Separately, Transport and Infrastructure Minister Christos Dimas announced the creation of a special investigative committee comprising representatives from civil aviation authorities, the Greek air force, Eurocontrol and a state-run cyberdefence agency. Describing the incident as “very serious,” Dimas said passenger safety was never compromised.

At least four Bangladeshi nationals were among those killed after two boats carrying a total of 95 irregular migrants capsized off the coastal city of Al Khums, the Libyan Red Crescent reported on Saturday (November 15). According to a statement posted by the Red Crescent on Facebook, the first vessel was carrying 26 migrants from Bangladesh. Four of them lost their lives when the boat overturned in rough waters. A second boat, carrying 69 migrants—including two Egyptians and dozens of Sudanese nationals—also capsized. Libya boat disaster: 50 Sudanese refugees killed at sea The Red Crescent did not provide details on the condition or fate of those on board the second vessel. Rescue teams continued operations along the Al Khums coastline as authorities worked to assess the full scale of the tragedy. The incident adds to a rising number of perilous attempts by migrants to cross the Mediterranean in hopes of reaching Europe. Read more: Boat carrying hundreds of Myanmar migrants capsizes near Malaysia Source: Agencies

Portugal’s minority government suffered a defeat in a parliamentary confidence vote on Tuesday, leading to its resignation and setting the stage for the country's third general election in three years. This marks the most severe period of political instability since Portugal embraced democracy over 50 years ago, following the 1974 Carnation Revolution that ended a four-decade dictatorship. Ukraine says it is open to a 30-day ceasefire; US resumes military aid and intelligence sharing Successive minority governments have struggled to form alliances that would allow them to complete a full four-year constitutional term, as opposition parties have repeatedly united to bring them down. With the election likely to take place in May, the country of 10.6 million people faces months of political uncertainty while it moves forward with plans to invest over 22 billion euros ($24 billion) in EU development funds. Meanwhile, Europe continues to grapple with pressing security and economic challenges. Voter frustration with repeated elections could benefit the radical-right populist party Chega (Enough), which has capitalised on dissatisfaction with mainstream parties. Portugal has followed the broader European trend of rising populism, with Chega securing third place in last year’s election. The government had called for the confidence vote, arguing it was necessary to "dispel uncertainty" about its future amid a deepening political crisis centred on Social Democrat Prime Minister Luis Montenegro, which had diverted attention from government policy. Following over three hours of heated debate, including dramatic last-minute proposals by the government to avoid its downfall, lawmakers took an hourlong recess for negotiations. The government claimed to have made a last-minute offer to the Socialists. A hush fell over the chamber when the result was announced. “Things are how they are. We gave our all,” Prime Minister Montenegro told reporters as he left the National Assembly. Pedro Nuno Santos, leader of the Socialist Party and the largest opposition group, criticised the government’s actions as “shameful,” accusing it of resorting to “manoeuvres, games, tricks” to stay in power. The political controversy revolves around possible conflicts of interest concerning Montenegro’s family law firm. Montenegro, who intends to seek reelection, has denied any wrongdoing, stating that he transferred control of the firm to his wife and children upon becoming Social Democratic leader in 2022 and has had no involvement in its management since. Recently, reports emerged that the firm has been receiving monthly payments from a company holding a significant government-granted gambling concession, among other revenue sources. The exact vote tally was not immediately available, but parliamentary speaker José Pedro Aguiar-Branco confirmed the centre-right government had been defeated. Moscow faces ‘massive’ drone attack ahead of US-Ukraine peace talks The governing two-party coalition, led by the Social Democratic Party and in power for less than a year, controlled only 80 seats in the 230-seat legislature. A vast majority of opposition lawmakers had pledged to vote against it, with the centre-left Socialists and Chega—together holding 128 seats—leading the charge. Opposition parties have demanded further clarification from Montenegro, while the Socialist Party is pushing for a parliamentary inquiry that could continue to trouble the government for months. The Social Democrats hope that Portugal’s economic performance—an estimated 1.9% growth last year compared to the EU’s 0.8% average, and a 6.4% unemployment rate, close to the EU average—will help sustain their support. The next general election had originally been scheduled for January 2028.

Fresh from pouring his money and energies into helping Donald Trump win re-election, Elon Musk has trained his sights on Europe, setting off alarm bells among politicians across the continent. The Tesla and SpaceX chief executive has endorsed the far-right Alternative for Germany, demanded the release of jailed UK anti-Islam extremist Tommy Robinson and called British Prime Minister Keir Starmer an evil tyrant who should be in prison. Many European politicians have been left concerned by the attention. Musk’s feed on his social network X is dotted with abusive language — labeling politicians “stupid cretin” and “sniveling cowards” — as well as retweets of far-right and anti-immigrant accounts. Andrew Chadwick, professor of political communication at Loughborough University, said Musk is using X “a bit like an old-style newspaper mogul,” to promulgate his political views. “We’ve seen Musk start to align himself much more obviously with an international movement of the far right,” Chadwick said. ”If you look at the kinds of people who Musk himself is boosting on his platform … he’s increasingly started to assemble a group of different right-wing influencers, many of them with large followings, and presenting their evidence as a basis for his interventions into European politics.” Musk has inserted himself into politics in Germany, which is headed for a Feb. 23 election after center-left Chancellor Olaf Scholz’s fractious three-party coalition government collapsed. Elon Musk sparks speculation with name change on X; this is the name he chose On Dec. 20, Musk wrote on X: “Only the AfD can save Germany,” a reference to the Alternative for Germany party, which is under observation by the domestic intelligence agency for suspected extremism. He doubled down on support for the AfD in an article for the Welt am Sonntag newspaper, claiming Germany is “teetering on the edge of economic and cultural collapse.” Later this week Musk is due to hold a live chat on X with AfD co-leader Alice Weidel. Scholz’s response embodies the dilemma faced by European politicians — should they ignore and let Musk’s comments go unchallenged, or engage and risk amplifying them? Scholz has said it’s important to “stay cool” over personal attacks, but called Musk’s involvement in German politics worrying. In a new year message, Scholz pointedly noted that Germany’s way forward “will not be decided by the owners of social media channels” but by German voters. French President Emmanuel Macron warned Monday about the risks posed by unchecked power in the hands of tech billionaires and the destabilizing impact they could have on democratic institutions. “Who could have imagined, 10 years ago, that the owner of one of the world’s largest social networks would intervene directly in elections, including in Germany?” Macron said. Greek Health Minister Adonis Georgiadis said Musk’s behavior was “troubling and far from amusing.” “Someone cannot simply use their platform, wealth and connections to try to dictate how governments are formed in each nation,” he told Parapolitika Radio. “This is becoming increasingly dangerous.” Musk has increasingly focused on British politics since the center-left Labour Party was elected in July, calling Starmer an “evil” leader presiding over a “tyrannical police state.” Musk’s recent focus is on child sexual abuse, particularly a series of cases that rocked northern England towns several years ago, in which groups of men, largely from Pakistani backgrounds, were tried for grooming and abusing dozens of mostly white girls. The cases have been used by far-right activists to link child abuse to immigration and Islam. Musk has accused Starmer of failing to bring perpetrators to justice when he was England’s director of public prosecutions between 2008 and 2013 — a charge Starmer strongly denies. “Starmer must go and he must face charges for his complicity in the worst mass crime in the history of Britain,” Musk tweeted. Chadwick said “there’s been a hesitancy on the part of the political elite in the U.K. to engage” with Musk’s “incredibly inflammatory remarks.” But Starmer changed tack Monday, condemning “lies and misinformation” and accusing U.K. Conservative politicians who have echoed some of Musk’s points of “amplifying what the far right are saying.” “I enjoy the cut and thrust of politics, the robust debate that we must have, but that’s got to be based on facts and truth, not on lies,” the prime minister said. Starmer is facing calls to tighten Britain’s laws on foreign interference, and governments around the world are under pressure to leave X. Both the U.K. and German governments say they have no plans to quit the platform. Elon Musk envisions ‘direct democracy’ for future ‘Mars Colony’ Musk’s X is under investigation by European authorities attempting to curb hatred, disinformation and other toxic content on social media. The European Union has launched infringement proceedings against X under the bloc’s Digital Services Act, and EU spokesman Thomas Regnier said it will look at whether Musk's livestream interview Thursday with the AfD's Weidel gives inappropriate “preferential treatment” to the party during a pre-election period. Musk, a self-styled free-speech advocate, is critical of efforts to regulate social media. He has compared British attempts to weed out online misinformation through the Online Safety Act to censorship in the Soviet Union. Musk clearly enjoys baiting mainstream politicians on social media, but Chadwick said it “remains to be seen” whether his posting changes public attitudes or helps the causes he champions. And the political interventions carry risk for him. His comments are being watched closely by Tesla investors for signs he could be turning off car buyers who don’t agree with his politics. Tesla is already struggling in Europe, where new registrations for Musk’s electronic vehicles fell 13% in the first nine months of 2023, according to auto researcher Jato Dynamics. In Germany, Tesla registrations dropped 44%. Jato senior analyst Felipe Munoz said that Musk's outspokenness is rare and risky for the owner of a publicly traded company — though it may pay off in the end. Elon Musk wants to turn SpaceX's Starbase site into Texas “Europe is going to (the) right,” he said, pointing to politicians including France’s Marine Le Pen and Italian Premier Giorgia Meloni. “Look at what happened in the US His bet on Trump worked. He is playing the same game in Europe.”

The European Union on Wednesday gave a greenlight to Poland and other countries on Europe’s eastern flank to temporarily suspend asylum rights when they believe that Belarus and Russia are “weaponizing” migrants to destabilize the bloc. Poland’s Prime Minister Donald Tusk announced plans in October to introduce a law that would suspend asylum applications for up to 60 days as his country struggles with migratory pressures on its border with Belarus, angering human rights groups. The freeze has not yet been enacted. The number of migrants arriving at the borders of EU member states from Belarus has increased by 66% this year, compared with 2023. Belarus authorities are accused of helping migrants to get into Europe, including by supplying them with ladders and other devices, according to the European Commission. The EU’s executive branch also accuses Russian authorities of “facilitating these movements, given that more than 90% of migrants illegally crossing the Polish-Belarusian border have a Russian student or tourist visa.” It said that “in view of the serious nature of the threat, as well as its persistence,” EU member countries can temporarily suspend a migrant’s request for international protection in exceptional circumstances. Some migrants are accused of attacking border guards. The commission monitors EU laws to ensure that they are respected. The right for people to seek asylum when they fear for their lives or safety in their home countries is encoded in the bloc’s legislation and international law. European Commission Executive Vice-President Henna Virkkunen said a freeze on asylum rights should only be used “when the weaponization is posing security threats for member states and exceptional measures are needed.” New Indian central bank governor takes over amid economic challenges Member states would be permitted to restrict a migrant’s access to asylum rights, but only under “very strict conditions and (with)in legal limits," she said. "So it means that they have to be truly exceptional, temporary, proportionate and for clearly defined cases.” Virkkunen, who declined to provide details, said the commission is providing 170 million euros ($179 million) to Poland, Finland, Estonia, Latvia, Lithuania and non-EU country Norway to boost their border defenses, including upgrading electronic surveillance equipment, installing mobile detectors, improving telecommunication networks, and countering drones that might be sent into EU airspace.  

NATO Secretary-General Mark Rutte led a fresh push Wednesday for European countries to ramp up defense spending, a budget shortfall that President-elect Donald Trump used to berate US allies during his first term in office, severely damaging trust. After Russia annexed Ukraine’s Crimean Peninsula a decade ago, NATO leaders agreed to halt the defense cuts that began when the Cold War ended and move toward spending two percent of GDP on their military budgets. Since Russia launched its full-fledged invasion almost three years ago, the leaders have agreed that the two percent target should be the floor rather than the ceiling for defense spending. On average, US allies combined meet that figure, but around a third of the members still do not individually. There is 'no consensus' on inviting Ukraine to join NATO: Hungarian official Trump, who takes office on Jan. 20, threatened not to defend “delinquent” countries. NATO is founded on the principle that an attack on any member must be considered an attack on them all. Trump’s remarks undermined confidence that the US could be counted on in a crisis. “If you want to keep the deterrence at the present level, two percent is not enough,” Rutte told reporters after chairing a meeting of NATO foreign ministers in Brussels. “We can now defend ourselves and nobody should try to attack us. But I want that to stay the same in 4 or 5 years.” In July, US President Joe Biden and his NATO counterparts endorsed the biggest shakeup of the way the military alliance would respond to any attack on its territory by Russia since the Cold War. It was meant to deter Moscow from targeting any of the 32 allies. Under highly secret new plans, NATO intends to have up to 300,000 troops ready to move to its eastern flank within 30 days. The plans lay out which allies would respond to an attack anywhere from the Arctic and Baltic Sea region through the Atlantic and east to the Black Sea. But senior NATO officials concede that countries might have to spend up to three percent of GDP to execute the security blueprint successfully. A new spending target is likely to be announced next year. Rutte also said NATO might set specific targets for member countries to fill military equipment gaps. American top court weighs Tennessee’s ban on gender-affirming care for minors UK Foreign Secretary David Lammy insisted that “the time to act is now.” “We’re living in very dangerous times,” he said, singling out Russia and its role in conflicts in the Middle East and Africa, on top of its war on Ukraine. “We urge all allies across the NATO family to get serious about defense spending.” On his last visit to Brussels for a NATO meeting, the US Secretary of State Antony Blinken said that “this is a time for every ally to lean in, not lean back.” The United States is by far the organization's most powerful member country. “A stronger NATO means more capabilities to deter aggression, more effective allies to meet more complex challenges, and the peace and stability that allows our people to pursue fuller lives,” Blinken said. Rutte also underlined the importance of expanding Europe’s defense industry, with incentives to drive companies to set up more production lines and hire more workers to staff them, as Western support for Ukraine drains armament stocks. “We are producing not enough at too high prices, and the delivery is too slow,” he said. “We cannot have a situation where we just pay more for the same, and we see large kickbacks to the shareholders.” Rutte urged the allies “to work closely together to make sure that we produce at a much higher rate and acceptable prices.” He noted “a number of countries who are now buying South Korean (equipment) because our own defense companies are not producing at a rate we need.”  

Located in central Europe, Hungary is a landlocked country famous for its art, culture, history, and architecture. From the Danube River to the Buda Castle to St. Stephen’s Basilica, Hungary brings a mix of nature and culture like its neighbors.  Beyond its geographical opulence, Hungary offers some of the best higher education opportunities in Europe. World-class universities coupled with manageable tuition fees and post-degree work opportunities attract hundreds of students each year. Here’s a detailed guide if you’re planning to get started with your bachelor’s in Hungary.  Why Study in Hungary?  In 2023, around 30,000 international students were studying in Hungary for bachelor's, master's, and PhD. The large number of students is a testament to the ease and acceptability of higher education in the country.  Besides, Hungary has a robust history as a seat of higher education dating back to 1581 with the establishment of the University of Szeged. Today, 5 Hungarian universities are ranked in the top 1000 list of QS Ranking 2025.  Unlike major Western European study-abroad destinations, Hungary offers a much more affordable tuition and living cost. The living cost index puts Hungary among the most affordable European countries in every expenditure head.  Hungary also has a generous 12 to 14 weeks of summer break in each academic year. The long breaks allow students to engage in self-development activities, work full-time, visit home, or even travel around. Additionally, the up-and-coming startup scene and widespread internship opportunities help the graduates smoothly kickstart their careers.  Read more: Distance Learning: Top Universities Offering Online Courses for International Students How Can Non-EU Students Apply for Bachelor's Degree in Hungary? Unlike West European countries, Hungary doesn’t have a centralized admission system. As a result, every university has its own admission schedule, process, and requirements. Application into the bachelor’s program can be divided into the following steps:  Step 1: Find a Program Study Portal’s bachelor's list for Hungary (https://www.bachelorsportal.com/search/bachelor/hungary) can be an effective starting point to get an idea about the disciplines, university location, program duration, tuition fees, and other aspects. Based on the overview, you can do more specialized research utilizing the specific university portals and their admission resources.  Step 2: Get the Paperwork  The next step is to organize the paperwork to apply for the bachelors. As there’s no centralized system, the document requirement varies from one university to the other. However, some of the universal documents include: - High school diploma (SSC and HSC certificate in the case of Bangladesh) - Transcript of the diplomas - Scanned copy of passport and birth certificate (NID is also applicable) - A Europass format CV - IELTS/TOEFL score - Proof of solvency - Letter of recommendation - Writing samples  Hungary follows the Bologna Process meaning you will need a high school diploma to be eligible for a bachelors. The English proficiency requirements aren’t all that stringent in Hungary. You can apply with “Medium of Instruction” or MOI if you studied your high school in English version. And in other cases, the minimum IELTS requirement is set at 5.5 overall for most universities.  Another thing to note is that all the physical documents to be submitted to the universities need to be attested by the education and the foreign ministry.  Read more: Cheapest countries for Bangladeshi students for higher studies Step 3: Wait for the Admission Decision  Hungarian universities notify results either by e-mail or post. Most universities offer decisions based on document screening only. Some universities may require interviews. Also, specialized programs like M.B.B.S. may require additional tests upon conditional offer. Many Hungarian universities require non-EU citizens to pay the first-semester tuition fee upfront. If there’s no such provision, then the university will issue your admission letter and admission confirmation documents for visa purposes.  Legalization process for non-EU students The first step to getting legalized in Hungary is to get the Permanent Residence status or PR. According to Hungarian law, a person becomes eligible for PR after staying in Hungary for 3 years on a residence permit. Note that, the residence permit for PR is different from the residence permit for students. So effectively, a student will need to legally live and work in Hungary for three years after graduation to be eligible for PR. There are also PR opportunities via investment and donations. The minimum amount starts at around 250,000 euros.  To obtain citizenship status in Hungary, a person will have to stay 8 more years after receiving their PR. In total, it takes about 11 years from graduation to becoming a Hungarian citizen.  Read more: Top 10 Best Affordable Universities in Canada for International Students