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Coronavirus: Elon Musk ‘likely has moderate case’

Tech entrepreneur Elon Musk says he “most likely” has a “moderate case” of Covid-19 but has been “getting wildly different results from different labs”. The boss of Tesla and SpaceX, who is 49, tweeted his symptoms were those of a “minor cold”. On Friday he said he had been tested four times, with two positive and two negative results. Mr ...

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Malaysian pilot starts local food stall after losing job due to pandemic

The Coronavirus pandemic has brought the global economy to a standstill. One of the biggest casualties of Covid-19 is the tourism industry, which is suffering major losses due to people staying largely at home. Airlines too are asking employees such as pilots and cabin crew to be on indefinite leave without pay, or firing them entirely. However, retrenched Malaysian pilot ...

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US bars investments in ‘Chinese military companies’

US President Donald Trump has issued an order banning American investments in Chinese firms the government determines have ties to the Chinese military, BBC reported. In the order, Mr Trump accused China of “increasingly exploiting” US investors “to finance the development and modernisation of its military”. The ban is to go into effect in January. It could affect some of ...

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Singles Day: Luxury brands jump on China’s shopping event

Luxury brands have embraced China’s largest annual shopping spree, helping “Singles Day” break records once again. Firms including Balenciaga and Prada debuted on Singles Day, or Double 11, joining around 200 luxury brands – more than double last year’s figure. Singles Day was created by Chinese online retail platform Alibaba. This year, the annual sale racked up $74bn (£56bn), with ...

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China to clamp down on internet giants

China has proposed new regulations aimed at curbing the power of its biggest internet companies. The regulations suggest increasing unease in Beijing with the growing influence of digital platforms. The new rules could affect homegrown tech giants like Alibaba, Ant Group and Tencent, as well as food delivery platform Meituan. The move comes as the EU and the US are ...

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McDonald’s to introduce plant-based burgers and fast food

Fast food giant McDonald’s has announced it will introduce a line of plant-based meat alternatives called “McPlant” in 2021. McDonald’s said it would offer plant-based burgers, chicken substitutes and breakfast sandwiches. Barclays Bank forecasts that consumption of meat alternatives might be worth $140bn (£106bn) by 2029. McDonald’s has tested out a plant-based burger in Canada with Beyond Meat – a ...

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UK unemployment rate continues to surge

The UK’s unemployment rate rose to 4.8% in the three months to September, up from 4.5%, as coronavirus continued to hit the jobs market. Redundancies rose to a record high of 314,000 in the same period, the Office for National Statistics (ONS) said. Firms made more workers redundant in anticipation of the end of the furlough scheme, which was originally ...

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BTRC eyes $2.8m from metrorail for 10mhz spectrum

Bangladesh Telecommunications Regulatory Commission (BTRC) is expected to earn $2.8 million revenue for allocating 10mhz spectrum to metro rail project. In this regard, BTRC has placed a proposal to posts and telecommunications division for approval it, BTRC sources said. Dhaka Mass Transit Company Ltd (DMTCL) under the ministry of roads and bridges applied for allocating 2.5GHz band spectrum on May ...

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Biman’s Dhaka-Kolkata flight suspended due to passenger crisis

Biman resumed its flights on the route on 1 November with three weekly flights. However, within a week, it suspended its operations following passenger shortage Biman Bangladesh Airlines has suspended its flight on the Dhaka-Kolkata route for indefinite period from next 12 November due to passenger crisis within a week of resumption. The fight suspension information was revealed in the notice ...

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Bentley reveals plan to go fully electric by 2030

Luxury carmaker Bentley has unveiled plans to go fully electric by 2030. Before then, the brand will be switching its model range to offer only plug-in hybrid or battery electric cars by 2026. Volkswagen-owned Bentley also aims to be completely carbon neutral across its manufacturing within a decade, BBC reported. Electric cars are growing in popularity and sales have tripled ...

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