Every year, cyclones, tidal surges, and river erosion (climate) compel a large number of residents in Satkhira’s Shyamnagar upazila to abandon their houses close to the Sundarbans.

While some of them go to other regions of the nation, others sell their homes and land and take out loans in an attempt to make their fortune overseas. Many, however, become victims of forced climate labour and fraud and are forced to return home in much worse financial shape. Abdullah Rubel of the Padmapukur union in Shyamnagar is one such person. He used to work in a prawn enclosure to support his family. His business was destroyed by numerous natural disasters, which led him to seek wealth overseas.
He was unable to find employment in Brunei, which put him in an even worse position. With no other choice, he accepted a work in a Bangladeshi home in return for food and housing but without pay. He borrowed money, purchased a ticket, and left with the weight of debt and uncertainty after nine months of survival. He revealed to Prothom Alo that he lost everything after spending Tk 500,000 travelling overseas. He now works seasonal jobs to provide his family with bread and butter because he hasn’t paid back the mortgage and reclaimed his only source of income, the prawn enclosure.
Concerned citizens claim that sufferers of climate change are fleeing their homes in quest of financial security, not only from Satkhira but also from certain neighbouring districts. The increasing tendency of forced migration brought on by natural disasters was also highlighted by a recent study titled “Exposed and exploited: Climate change, migration, and modern slavery in Bangladesh.” The International Institute for Environment and Development (IIED) and the Ovibashi Karmi Unnayan Program (OKUP) carried out the study, which polled 648 families in 33 villages in the climate-affected areas of Gowainghat in Sylhet and Mathbaria in Pirojpur. According to the study, at least one member of 70.06 percent of families has moved.
According to the survey, migrants frequently feel powerless and are compelled to take any work since they are under pressure to pay back their loans. Others take on “inhumane” tasks because they want to provide for their families. They eventually become victims of contemporary slavery. The study discovered various elements of contemporary slavery in the instances it looked at, such as low or nonexistent pay, physical and psychological abuse, and limitations on mobility. Eighty-one percent went through five or more signs of modern slavery, and a startling 99 percent of workers had at least one experience of slavery. The average cost for Mathbaria migrants in Pirojpur to travel overseas was Tk 461,220. Of them, 18% took out high-interest loans, and 25% sold their land. <span;>Since 2022, the number of Bangladeshi workers leaving the nation has climbed dramatically, with over 100,000 workers leaving each month for two years in a row, according to the ministry of expatriates’ welfare and foreign employment. Even though the number decreased a little last year, about 80,000 workers still moved each month. Nevertheless, a large number of people return after being defrauded or unable to find employment overseas. With the exception of irregular migrants who are held overseas and then return home using an outpass or temporary travel permission, there is no official statistics on returnee migrants. Last year, more than 80,000 of these workers came home from overseas.

Hasan Gazi, a Shyamnagar resident, borrowed Tk 550,000 from family members in 2018 in order to travel to Kuwait through India. Floods destroyed his village home while he was away. He spent four years working in Kuwait before being arrested by the authorities and expelled. He told Prothom Alo that his family’s financial situation deteriorated as a result of the house being damaged by numerous floods and cyclones. They gained nothing by moving overseas. He now resides in a garage and runs an autorickshaw in Keraniganj. About 250 to 300 migrant workers return empty-handed every day, according to the BRAC migration program, which aids returning migrant workers. Many come in bad shape, broke, and even have trouble getting there.

Since she hasn’t received her paycheck for the last three months, widow Nazma Akhter, who works at the Kalagul Tea Garden in Sylhet, has been finding it difficult to provide for her family of six.
Nazma, the family’s only provider, has been compelled to take out loans and buy necessities on credit. She is currently in terrible shape, nevertheless, as a result of the mounting debt and the merchants’ refusal to provide her credit.
“I didn’t get an Eid bonus, and I haven’t been paid in three months. I was unable to purchase new clothing for my kids. On this day, our smiles are stolen,” Nazma remarked. She was echoed by Abdul Qadir, another tea garden employee. For the past three months, the families of at least 70 Muslim tea workers and about 400 Hindu workers in the garden have been living in poverty without their pay or rations. Bonuses for Eid were likewise not paid out.

Many families have been forced to the edge as a result, and there is now no obvious way to turn things around. “It is a daily struggle to ensure two handfuls of rice for all eight members of my family,” declared 45-year-old Fatema Begum, who works at Kalagul Tea Garden and is the family’s only pay earner. “While children from neighbouring tea gardens are enjoying the Eid festivities, mine are at home, disheartened, while I am still wondering how to feed them for the day,” she stated.
More than 2,500 workers from various tea gardens operated by Burjan Tea Company, including Burjan, Charagang, and Kalagul, are experiencing extreme financial difficulties, according to Raju Goala, organizing secretary of the Bangladesh Tea Workers’ Union. “The employees are having a hard time providing their families with food. They are owed over three months’ worth of unpaid salary, rations, and Eid bonuses by Burjan Tea Company. “The general manager of the company is not present during the protests by the workers,” he continued.
The company’s answer hasn’t been very encouraging thus far. Months have gone by and the workers are still not receiving their wages, despite their repeated promises that they would be paid shortly,” Goala said. “The company used to pay us weekly, but for the past 15 consecutive weeks, there has been no payment or rations,” stated Sohag Chhatri, a leader of the tea workers. We still haven’t gotten our festival bonuses for this year or last, and the company’s hospital is out of medication.” The workers have urged the authorities to step in and make sure the company pays their dues in letters to the Divisional Labour Office and the Sylhet deputy commissioner, but nothing has been done as of yet.
The Bangladesh Tea Workers’ Federation adviser, Sanjay Kanta Das, urged the government to step in and deal with the problem right away, stating that if it is not fixed quickly, the workers will be forced to take to the streets. When contacted, Burjan Tea Garden Company manager Md Kamruzzaman stated that the company has asked for a bank loan in order to cover the unpaid salary and rations. “The tea garden has been losing money and is currently dependent on bank loans to stay open. The arrears will be paid off as soon as we get the financing,” he continued.

As investors balanced geopolitical worries with fresh violence in Gaza and a crucial US-Russian presidential phone call, global markets fluctuated and gold reached a record high on Tuesday.

After two days of gains, Wall Street started to decline again, while European markets increased as German parliament approved a huge increase in defence and infrastructure spending. Following Israel’s most severe raids on Gaza since a ceasefire with Hamas went into force, gold hit a new high on concerns of rising Middle East tensions.

According to Fawad Razaqzada, an analyst with City Index and FOREX.com, “it is evident that safe haven demand is one of the major drivers behind this gold rally and with the Middle East tensions rising again.” Management of Wealth. “I don’t think there’s any new news so far this week that should make the market feel more encouraged.” However, before the German government responded to worries about the United States’ waning commitment to European defence, Frankfurt’s DAX equities index reached a new all-time high.
Over the next ten years, Germany’s top economy may spend over one trillion euros (dollars) thanks to its historic fiscal package, which German media have termed a “XXL-sized” cash “bazooka.” For a nation notoriously hesitant to take on massive state debt—or to spend much on the armed forces, given its terrible World War II history—the historic parliament vote marked a drastic shift. According to Jochen Stanzl, chief market analyst at trading group CMC (global) Markets, “international investors, who have increased their investments in German stocks over the past few months, are hopeful for a significant boost in fiscal policy.”

The global stock markets in London and Paris also saw growth. Following Trump’s remarks about the placement of tariffs on US trading partners and any delays to the measures, markets have experienced a significant swing. Investors are watching the Fed, Bank of Japan, and Bank of England’s policy announcements this week, as all three are expected to maintain their current interest rate positions. After Monday’s successful day on Wall Street, which was bolstered by US statistics that allayed fears of a potential recession, Asian markets rebounded on Tuesday. Thanks to more acquisitions of Chinese internet companies like Alibaba, Tencent, and JD.com, Hong Kong led the gains.

After revealing battery technology that it claims can be charged in five minutes, electric vehicle manufacturer BYD also saw significant success, rising more than four percent after previously jumping more than six percent to a record. As CEO Jensen Huang demonstrated state-of-the-art chips for artificial intelligence at the company’s annual developers conference, Nvidia’s stock dropped 3.4%. Alphabet, the parent company of Google, dropped 2.3% after the tech giant said that it would pay $32 billion to purchase cloud security provider Wiz in an effort to strengthen its cloud computing division for the AI future.