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Asian stocks follow Wall Street higher ahead of Brexit vote

Photo: A man walks near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rates at the Korea Exchange in Seoul, South Korea, Tuesday, March 12, 2019. Beijing, Mar 12 : Asian stocks followed Wall Street higher on Tuesday as investors awaited Britain’s vote on a plan to leave the European Union. The Shanghai Composite ...

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EU buyers turn to Bangladeshi ceramics

Buoyed by boosting export to the European markets, ceramic items of Bangladesh registered 127 percent growth in foreign currency earning.   Top buyers of European Union (EU) and other countries have started to move to Bangladesh for ceramic items that pushed export earnings of the sectors to a healthy growth of $ 5.65 crore in the first eight months of ...

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China hopeful on US trade talks: official

Beijing is hopeful about its next round of trade talks with the US, China’s vice minister for commerce said Saturday, after revealing that top negotiators had tried to hammer out a deal over burgers and eggplant chicken.   China and the United States have been locked in a bruising trade war since last year, imposing tit-for-tat tariffs on more than ...

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World’s most expensive new car unveiled

French supercar maker Bugatti has unveiled the world’s most expensive new car, sold to an unnamed buyer for at least $11m (£9.5m) before tax. The exact price is not being revealed, but is thought to have overtaken the previous new car record – about £8-9m for a Rolls-Royce Sweptail.   With engine power about 20 times a Ford Fiesta, the ...

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Winner of Asian Curry Awards ‘Best Newcomer’ restaurant announces Meat-Free Mondays

  Saffron Summer Indian fine dining restaurant in Chessington, which was named ‘Newcomer of the Year’ at the Asian Curry Awards, has announced a new Meat Free Monday menu. The move comes after large numbers of its customers requested plant-based dishes, as they adopted Veganuary in the new year. “We’ve always had a significant number of vegetarian and vegan customers, but after Christmas probably as ...

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UK may slash trade tariffs under a no-deal Brexit

The UK government may cut trade tariffs on between 80% and 90% of goods in the event of a no-deal Brexit, reports say. Some tariffs would be scrapped completely, including those on car parts, and some agricultural produce.   However, 10-20% of key products would continue to be protected by the current level of tariffs, including some textiles, cars, beef, ...

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UK employment hits another record high

The number of people in work in the UK has continued to climb, with a record 32.6 million employed between October and December, the latest Office for National Statistics figures show. Unemployment was little-changed in the three-month period at 1.36 million.   The jobless rate, remaining at 4%, is at its lowest since early 1975.   Weekly average earnings went ...

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UK retail sales bounce back in January

Retail sales bounced back sharply in January, rising by 1% on the previous month, official figures showed. The Office for National Statistics (ONS) said the amount of goods sold rose by 1%, after falling by 0.7% in December, with discounts in clothing helping to boost sales.   Compared with a year ago, retail sales were 4.2% higher in January.   ...

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29 Bangladeshi apparel makers take part in Paris Texworld

A total of 29 Bangladeshi apparel, fabric and leather manufacturers took part in the four-day Texworld or Apparel Sourcing Paris that ended in Paris on Thursday.   Additional Commerce Secretary Tapan Kanti Ghosh visited the show and appreciated Bangladeshi entrepreneurs. Dilara Begum, Commercial Counsellor of Bangladesh Embassy in France, was also there.  Combined with Apparel Sourcing and Leatherworld, a total ...

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Food industry warns Gove on Brexit ‘crisis’

The UK food industry has threatened to stop co-operating with government policy consultations, saying it is busy trying to stave off the “catastrophic impact” of a no-deal Brexit. The warning came in a letter to Environment Secretary Michael Gove from more than 30 business leaders.   They said it looked “ever more the likeliest outcome” that the UK would leave ...

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