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Export falls by 1.8% in February

Bangladesh’s export earnings fell by 1.8% in February, continuing the negative trend in export from the start of this year. According to Export Promotion Bureau data released on Thursday, Bangladesh earned $3.32 billion in February marking a decline of 1.8% compared to the same period last year. Earlier in January, the country’s exports fell by 3.62%, after seeing a 2.89% ...

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Brexit preparations cost UK 4.4bn: spending watchdog

Britain’s departure from the European Union has cost taxpayers more than 4 billion ($5.2 billion, 4.6 billion euros) in extra government costs, the National Audit Office said on Friday. The government spending watchdog said departments will have spent at least 4.4 billion between the June 2016 referendum on EU membership and March 31 this year.A total of 6.3 billion had ...

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Malaysian central bank cuts key rate to counter slowdown

Photo : A motorcyclist rides past the Bank Negara Malaysia in Kuala Lumpur, Malaysia. Malaysia’s central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing number of countries. The Bank Negara Malaysia said it expects economic growth to be stunted in this quarter ...

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New virus hits Mideast airlines with $100M loss, group says

Emirates planes are parked at the Dubai International Airport in Dubai, United Arab Emirates. Major disruptions due to the new coronavirus have already caused the equivalent of a roughly $100 million loss to airline carriers in the Middle East region.  File Photo Major travel disruptions due to the new coronavirus have already caused the equivalent of a roughly $100 million ...

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Easy Build brings complete building solutions

Easy Build has introduced full-fledged services on clients’ demand and likings to build a house with all architectural, structural, plumbing and electrical drawings facilities. Rahat Zahan Shamim, chief operating officer, Easy Build, said everyone has a dream to have his/her own house. Perhaps some people have their own lands to build house. But many don’t dare to start construction activities ...

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Coronavirus: Italian economy takes a body blow

Italy was the first European country to report a major surge in cases of the coronavirus, with numbers quickly climbing into the hundreds. The authorities have responded with travel restrictions in the north of the country that are bound to hit the economy. So far, a number of towns in Lombardy in northern Italy have been locked down, with very ...

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U.S. equities close mixed after volatile trading

Photo : A trader works at New York Stock Exchange in New York, the United States. U.S. stocks closed mixed on Friday after a volatile trading session, as investors continued to flee riskier assets. The Dow Jones Industrial Average was down 357.28 points, or 1.39 percent, to 25,409.36. The S&P 500 fell 24.54 points, or 0.82 percent, to 2,954.22. The ...

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Markets fall as virus spreads around the world

Stock markets fall in Asia on Friday, after losses in the US and Europe on Thursday. First case reported in sub-Saharan Africa – in Lagos state, Nigeria, reports BBC. New Zealand confirmed its first case – someone recently returned from Iran.Belarus, the Netherlands, and Lithuania also confirmed first cases. South Korea confirmed 256 new cases, bringing the total above 2,000. ...

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Biman to refund Saudi-bound passengers

Biman Bangladesh Airlines will refund to its passengers who, purchased tickets for traveling to Saudi Arabia for performing Umrah or tourism purposes, as the Saudi government has imposed a temporary ban on Umrah pilgrims and tourists to stop the spread of coronavirus in the Kingdom. If the passengers want to travel to Saudi Arabia after withdrawal of the ban, they ...

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Bashundhara Group chairman announces creation of 3 lakh new jobs

Finance Minister AHM Mustafa Kamal, State Minister for Power, Energy and Mineral Resources Nasrul Hamid, Bashundhara Group Chairman Ahmed Akbar Sobhan, Co-chairman Sadat Sobhan Tanvir, Vice-chairman Shafiat Sobhan Sanvir, Managing Director Sayem Sobhan Anvir and Walid Sobhan pose for a photograph during the launching ceremony of Bashundhara Bitumen Plant at Keraniganj on Saturday. Bashundhara Group, the country’s leading business conglomerate, ...

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