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Walmart says selling Argentina operations, taking $1 bn loss

Walmart said Friday it is selling its operations in Argentina to Grupo de Narvaez, which will cause the global retail giant to take a $1 billion loss. The sale ends 25 years of operations in the country, where Walmart built a chain of 90 stores with 9,000 employees. “Due to our decision to divest of this business, we will record ...

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Japan’s Toyota sees profit slip, holding up despite pandemic

Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp. reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Quarterly sales slipped ...

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Purchase Committee approves 8 proposals, govt to procure 1.05 lakh MTs of urea fertilizer

The Cabinet Committee on Government Purchase (CCGP) approved a total of eight proposals including four separate ones for procuring some 1.05 lakh metric tons of urea fertilizer. The approval came from the 29th meeting of the CCGP held virtually with Finance Minister AHM Mustafa Kamal in the chair. Briefing reporters virtually after the meeting, Cabinet Division Additional Secretary Dr Abu ...

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SpiceJet starts Chattogram-Kolkata flight

SpiceJet has started its flight from the country’s commercial capital Chattogram to neighboring country India’s Kolkata route. M Farhad Hossain Khan, Wing Commander of Shah Amanat International Airport (SAIA), inaugurated the flight by cutting a ribbon on Thursday. He also cut a cake to mark the occasion. While speaking in the event, Farhad Hossain said that the Kolkata-bound people, specially ...

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Scanner defect at HSIA: Vegetables, foods export to 50 countries remain closed for 3 weeks

Vegetables, fruits and other food items exporting to 50 countries have been stuck for three weeks as defect found at the security scanner of Hazrat Shahjalal International Airport (HSIA) on October 10. After getting complaint by exporters, Commerce Ministry sent letter to Private Civil Aviation Authority on October 13 to repair the machine quickly. According to the letter, the exports ...

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Bayer posts another multi-billion euro loss on legal woes

German pharmaceuticals and chemicals giant Bayer on Tuesday posted another huge loss in its third quarter as it struggles to manage legal issues surrounding its glyphosate weed killer linked by plaintiffs to cancer cases. The company made a net loss of 2.7 billion euros ($3.2 billion), compared with a profit of 1.05 billion euros in the same quarter last year ...

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BARNARDO’S OFFERS HELPLINE FOR ASIAN AND BLACK FAMILIES IMPACTED BY COVID-19 AHEAD OF NEW ENGLAND-WIDE LOCKDOWN

  Helpline provides therapeutic support, a live web chat facility, and a lifeline to communities struggling to deal with issues such as sickness and bereavement, rising hate crime and loss of support services Asian and Black children and families, who have been hit hardest by COVID-19, could experience increased challenges to their emotional health and wellbeing, as England enters a four-week ...

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PROGGA and ATMA urge amendment of tobacco control law

A team of non-government anti-tobacco campaigning organizations PROGGA and ATMA have met with the whip of the national parliament Iqbalur Rahim MP and urged to play role in amendment of existing tobacco control law in a bid to save public life from the harmful effect of tobacco products. Delegates from the PROGGA (Knowledge for Progress), a research and advocacy organization, ...

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Shop owners to deny services to customers without masks

Shop Owners Association of Bangladesh on Sunday (today) decided not to sell products or provide services to the customers who will deny wearing masks. At a press conference at the Jatiya Press Club on Sunday morning, General Secretary Zahirul Haque Bhuiyan of Bangladesh Dokan Malik Samity has warned that no customers would be given services without wearing masks. They have ...

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US cuts tariff benefits for Thailand in pork dispute

Washington will eliminate some tariff benefits for Thailand, saying the country has failed to allow imports of pork from US producers, the US Trade Representative (USTR) announced on Friday, reports AFP. The move suspends duty-free access for $817 million in goods starting December 30 due to the “lack of sufficient progress providing the United States with equitable and reasonable market ...

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