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rewrite this title Rate cuts on horizon after sharemarket fall; ‘Twisted’ ideologies prompt ASIO terror threat upgrade

August 5, 2024No Comments2 Mins Read
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Summarize this content to 2000 words in 6 paragraphs Bangladesh’s powerful army chief and president are working to install an interim government and calm deadly protests that led Prime Minister Sheikh Hasina to flee the country.President Mohammed Shahabuddin said in a televised address that he ordered the release of jailed protesters, as well as ex-prime minister and opposition leader Khaleda Zia. He also said businesses should re-open on Tuesday after authorities lift a curfew at 6 a.m. and that elections will be held “as soon as possible.”The head of the army, Waker-Uz-Zaman, said earlier that a new government will formed in consultation with Shahabuddin before a new vote.“An interim government will be formed,” the army chief said, adding it could happen as soon as overnight.Loading“Justice will be served for each death. Keep faith in the army.”Hasina, 76, left Bangladesh for India shortly before the army’s announcement and was seeking to head to London, according to people familiar with the matter who asked not to be identified discussing private information. India will allow her safe passage on her way to the UK, the people said. Hasina’s location was unclear late Tuesday night. The UK Foreign Office and India’s Ministry of External Affairs both declined to comment on her travel. Separately, UK Foreign Secretary David Lammy called for a UN-led investigation into the unrest.“The UK wants to see action taken to ensure Bangladesh a peaceful and democratic future,” Lammy said.Hasina had faced pressure to resign for weeks as the demonstrations turned deadly. Local TV channels showed protesters storming her official residence on Monday afternoon and ransacking the building, taking away furniture and food.Bloomberg

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