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Solid earnings send stock indexes higher on Wall Street

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains came as worries about the economic impact of the virus outbreak that originated in China continued to subside. ...

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Loan scheme launched at book fair to buy books

A financial institution has come up with first ever loan scheme for persons with 18 years old and above to buy books in the ‘Amar Ekushey Grantha Mela’ aiming to encourage booklovers to read more books. The IPDC Finance Limited has introduced interest-free book loan scheme titled “Subodh at Amar Ekushey Book Fair-2020”, setting an inspirational instance to motivate people ...

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     The launch of the Teach Me Islam App and platform (TMI).

Monday 3rd February sees the launch of the Teach Me Islam App and platform (TMI).The app is the brainchild of Nabeela Raza a 25 year old female entrepreneur whose own experiences led her to creating this app. TMI is all about bringing Islamic education into the 21st century, the new app allows parents to browse tutor profiles and select a local Islamic ...

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Coronavirus outbreak: Much of world’s factories still shut

Prices of goods imported from China mark a rise in Bangladesh Photo : A woman walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, Feb. 10, 2020. Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is ...

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Coronavirus: Pressure grows to re-open factories

Companies around the world are waiting for China to re-open its factories and plants on Monday, reports BBC. If this does not happen, major brands from car makers to tech giants will struggle to make their products.Inventories are already running low following widespread shutdowns at Chinese factories forced to close to prevent the spread of the coroanvirus. China, known as ...

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Uber sees path to profit despite $1.1bn loss

Uber’s business continues to grow, but so do its losses. The firm lost $1.1bn (£851m) in the last three months of 2019, even as revenue jumped 37% to $4bn and the number of trips made on its platform rose by 28%.Spending to expand its Uber Eats food delivery business hurt the firm’s bottom line, reports BBC. Uber boss Dara Khosrowshahi ...

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High season for flower sale: Jashore florists eye Tk 70cr business

Flower farmers in Jashore’s Jhikargacha say they expect to sell flowers worth Tk 70-80 crore ahead of Pahela Falgun, Valentine’s Day and International Mother Language Day this month. According to Bangladesh Flower Society, 8000-10,000 florists are involved in flower cultivation in around 3,500 hectares of land there. Around 12 species of flowers are cultivated here. Among the total cultivation, gladiolus ...

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Skrill to start operations in Bangladesh

United Kingdom-based global electronic fund transfer service Skrill is set to start operations in Bangladesh, which will bring pace in remittance inflow into the country. State-run Sonali Bank Limited will lead the local franchisee which enables Skrill users to send fund directly to any Bangladeshi bank account, said a handout of ICT Division on Tuesday. ICT State Minister Zunaid Ahmed ...

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BP’s annual net profit slides to $4.0bn in 2019

British energy giant BP on Tuesday said annual net profit slid to $4.0 billion last year, hit by weaker oil prices. The figure was down sharply compared with profit after tax of $9.38 billion in 2018, the company said in a statement.

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Germany’s Merkel meets food industry to discuss low prices

Photo: German Chancellor Angela Merkel, center, speaks alongside Peter Altmaier, Federal Minister of Economics and Energy, left, and Julia Klöckner, Federal Minister of Food and Agriculture, at the beginning of a meeting of the Federal Government with representatives of the food industry in Berlin, Germany, Monday, Feb.3, 2020. German Chancellor Angela Merkel met food industry representatives on Monday to address ...

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