Bangladesh make England work in Dhaka heat



Tamim Iqbal and Mahmudullah provided the impetus for a stubborn Bangladesh batting display on day one of the second Test against England. Tamim blazed his way to 85 in 71 deliveries after the home side had won the toss, hitting 13 boundaries and one mighty six before falling to debutant James Tredwell. Mahmudullah picked up the baton with a measured 59, while Shakib Al Hasan made 49 in a score of 292 for six with an hour's play left. Such was the frenetic nature of Tamim's start that he had reached 25 before Imrul Kayes had troubled the scorers. Graeme Swann was sent on in just the eighth over and Tamim promptly milked two fours off him to bring the 50 partnership up off 48 balls. Imrul (12) was not so lucky and was well caught by the diving Steve Finn to give Broad the first wicket of the day. Tredwell eased any debut nerves with a maiden to Junaid Siddique and then struck gold, removing Tamim 15 short of his century. Jahurul Islam then produced an undistinguished first Test innings, snared lbw on the back foot by Swann for a six-ball duck. Junaid, Bangladesh's first Test centurion, played tentatively until lunch but was more expansive after the restart, finding the rope three times in the space of four Broad deliveries. He became Swann's second victim in the 38th over, wrapped on the pad in front of middle stump for 39. Mahmudullah was busy compiling a confident 59 at the other end, but departed on a soft note as he dabbed the returning Finn to Collingwood at point. The 20-year-old continued to prove costly, though, Shakib locating the boundary three times in five balls as Bangladesh moved to 250 at tea. The skipper was run one away from scoring a third half-century of the innings when Tredwell won a straightforward lbw verdict as he missed a slog-sweep. * PA Sport

Bangladesh 1st innings Tamim Iqbal c Prior b Tredwell 85 Imrul Kayes c Finn b Broad 12 Junaid Siddique lbw b Swann 39 Jahurul Islam lbw b Swann 0 Mohammad Mahmudullah c Collingwood b Finn 59 Shakib Al Hasan lbw b Tredwell 49 Mushfiqur Rahim c Prior b Bresnan 30 Naeem Islam not out 33 Abdur Razzak lbw b Swann 3 Shafiul Islam not out 8 Extras (b1, lb10, nb1) 12 Total (for eight wickets; 94 overs) 330 Fall of wickets: 1-53 (Kayes), 2-119 (Tamim), 3-122 (Jahurul), 4-167 (Siddique), 5-226 (Mahmudullah), 6-254 (Shakib), 7-301 (Rahim), 8-314 (Razzak). Bowling: Broad 14-4-48-1, Bresnan 13-4-40-1, Swann 30-4-94-3, Finn 7-2-44-1 (nb1), Tredwell 29-5-85-2, Collingwood 1-0-8-0. Toss: Bangladesh won and decided to bat Umpires: Tony Hill (NZL) and Rod Tucker (AUS) TV umpire: Nadir Shah (BAN) Match referee: Jeff Crowe (NZL)

* AFP

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

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Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
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October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

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Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

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