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Uber and bKash partner to provide contactless payment options for Bangladeshi riders

Uber and bKash on Monday announced a partnership which will allow Uber riders to pay for their trips using bKash, the largest mobile financial service provider in Bangladesh. The long-awaited partnership aims to enhance rider experience and safety by making the payment process contactless, convenient and secure as riders resume travel after a lengthy lockdown, said a press release. The ...

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BMW introduces 2 Series Gran Coupe in Bangladesh

German car manufacturers BMW have introduced the 2 Series Gran Coupé in Bangladesh. Executive Motors Limited who are the official dealers for BMW in Bangladesh, unveiled the first ever 2 series Gran coupe this evening through a virtual launch, according to a press release. Christopher Wehner, Managing Director, BMW Group Asia was the honorable chief guest and gave the welcome ...

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US jobs growth slows in July as pandemic takes toll

Hiring in the US slowed sharply in July as the country struggled to control the coronavirus pandemic. Employers added 1.8 million jobs last month, down from a record 4.8 million in June. The unemployment rate fell to 10.2%, continuing to improve from the high of 14.7% seen in April. The figures reignited calls for Washington to approve further economic stimulus, ...

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Facebook founder sees wealth hit $100bn after TikTok rival launch

Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) after the launch of a new short-form video feature. On Wednesday, Facebook announced the US rollout of Instagram Reels, its rival to controversial Chinese app TikTok. Facebook shares rose by more than 6% on Thursday. Mr Zuckerberg holds a 13% stake in the company, BBC reported. He ...

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TikTok: Trump administration plans Chinese tech crackdown

US Secretary of State Mike Pompeo has outlined the steps he wants US companies to take to deal with “untrusted Chinese apps”. The measures go far beyond US President Donald Trump’s current push to force the sale of TikTok to an American firm, BBC reported Mr Pompeo says apps like TikTok and WeChat pose “significant threats to the personal data ...

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Haroon Danis is the finalist at 2020 Great British Entrepreneur Awards

  The Great British Entrepreneur Awards, in partnership with Starling Bank, has shortlisted 550 entrepreneurs and 433 businesses across eight regions in 15 categories, including Creative Industries, Disruptor, Scale-Up and Young. 2020 has been an incredibly tough year for many businesses due to Covid-19. As a response, we created the Pivot Entrepreneur of the Year category to recognise excellent entrepreneurs ...

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Anthony Levandowski: Ex-Google engineer sentenced for theft

An ex-engineer for Google’s self-driving car unit has been sentenced to 18 months in prison for trade secret theft shortly before he joined Uber. US District Judge William Alsup in San Francisco said Anthony Levandowski had carried out the “biggest trade secret crime I have ever seen”. Levandowski loaded more than 14,000 Google files onto his laptop before leaving the ...

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Boeing’s 737 Max moves closer to flying again

A wide-ranging list of changes to Boeing’s ill-fated 737 Max planes has been put forward by US regulators. The Federal Aviation Administration (FAA) document details actions it wants to be made before the planes can fly again commercially. The 737 Max has been grounded since March 2019 following two fatal crashes which killed 346 people. Boeing hopes to get the ...

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Coronavirus: HSBC to speed up 35,000 job cuts as profits slump

HSBC plans to speed up job cuts after interim profits plunged and the bank said bad loans linked to the coronavirus could reach $13bn (£9.8bn). HSBC boss Noel Quinn said it will “accelerate” an earlier restructuring plan which included axing 35,000 jobs. “Our operating environment has changed significantly since the start of the year,” he said. Mr Quinn also said ...

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Jet2 to refund customers returning early from Spain

Jet2 has announced it will refund customers on holiday in Spain who have been asked to fly back to the UK early. On Thursday, the airline cancelled flights back to the UK for hundreds of passengers. The carrier told the BBC it is operating empty flights to pick up passengers from Spanish destinations up to and including 3 August. Jet2holidays ...

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