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New UK government raises minimum wage

Britain’s minimum wage is to increase by more than four times the rate of UK inflation from next year, UK Prime Minister Boris Johnson’s government announced Tuesday, reports AFP. A 6.2-percent increase from April takes the so-called national living wage for workers aged 25 and over from 8.21 pounds to a minimum 8.72 pounds ( 10.79 to 11.52, 9.63 euros ...

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What comes next on global markets in 2020?

World markets in the coming year will be heavily exposed to eased yet continued uncertainties in global economy and trade, analysts say. They believe that trade disputes, global growth slowdown, Brexit and geopolitical incidents will remain the major factors that will keep up pressure on the market and weigh on investor sentiment. In fact, a vulnerable, challenging market amid mixed ...

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Toast to the New Year at Four Points by Sheraton

2020 is quickly approaching, so have the time of your life ringing in the New Year by attending one of the top celebrations taking place at Four Points by Sheraton Dhaka. Enter the New Year in style as their fabulous restaurants lay out an indulgent festive feast for the grandest New Year’s Eve Party. There will be New Year Eve ...

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US stocks nearly flat; S&P 500 notches 5th weekly gain

Major U.S. stock indexes ended essentially flat Friday after a day of mostly listless trading. Even so, the S&P 500 closed out the week with its fifth straight weekly gain. The benchmark index squeaked out a tiny gain that was good enough for its 35th record high this year. The Dow Jones Industrial Average also notched a slight gain, giving ...

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Asian shares mostly higher in quiet post-Christmas trading

Shares were mostly higher in Asia on Thursday with many world markets closed for Christmas holidays. Japan’s Nikkei 225 index advanced 0.6% to 23,924.92, while the Kospi in South Korea edged 0.1% higher to 2,191.71. The Shanghai Composite index picked up 0.3% to 2,989.56. India’s Sensex lost 0.2% to 41,380.45. In Southeast Asia, benchmarks were mixed, while Taiwan was flat. ...

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Fashion label SyedaC celebrated its second anniversary

Ansar Ahmed Ullah: SyedaC fashion label celebrated its second anniversary with a bang on Monday, 23 Dec at the Business Development Centre in Greatorex Street, Banglatown, East London. SyedaC’s founder & designer Syeda Choudhury said her main aim is to promote Bangladeshi fabrics, such as muslin, jamdani, silk, khadi, cotton, thath, banarasi and katan in western countries, empowering skills of ...

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China lifts import ban on certain Japanese beef

Chinese authorities recently announced that the country would remove a ban on imports of Japan’s deboned beef under 30 months old starting Dec. 19. The ban was imposed amid outbreaks of mad cow disease in 2001, according to a statement jointly released by the General Administration of Customs and the Ministry of Agriculture and Rural Affairs. Inspection and quarantine requirements ...

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China, South Korea, Japan meet over trade, regional disputes

The leaders of China, Japan and South Korea are holding a trilateral summit in China this week amid feuds over trade, military maneuverings and historical animosities. Most striking has been a complex dispute between Seoul and Tokyo, while Beijing has recently sought to tone down its disagreements with its two neighbors. Economic cooperation and the North Korean nuclear threat are ...

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UK approves £4bn US takeover of defence company Cobham

The government has approved a US private equity firm’s takeover of UK defence and aerospace company Cobham, reports BBC. Advent International made a £4bn offer to buy Cobham in July, but it was delayed when the government intervened over national security concerns.The government announced its approval of the deal late on Friday night – which the firm’s founding family said ...

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Colombia orders Uber to halt its operations after lawsuit

Colombia on Friday instructed Uber to stop operating after a lawsuit by a group of taxi drivers that accused the ride-sharing app of unfair business practices, reports AP. Colombia’s Superintendency of Industry and Commerce said the halt to Uber operations was taking effect immediately, though the company can appeal the decision. Uber was benefiting from a “significant advantage” that violated ...

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