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TOA Corporation to prepare land for Japanese economic zone

Representational Image.Photo:Collected Japanese firm TOA Corporation has finally won the contract for developing land and other related works for the construction of an exclusive economic zone for Japanese investors in Araihazar upazila of Narayanganj. Two Japanese firms — TOA Corporation and Tokyu Construction — vied for the job of one of the country’s largest economic zones taking part in the ...

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Boeing to temporarily halt 737 Max production in January

Boeing will temporarily halt production of its troubled 737 Max airliner in January, the manufacturer said, reports BBC. Production of the jet had continued despite the model being grounded for nine months after two deadly crashes.More than 300 people died when two 737 Max aircraft crashed in Indonesia in October 2018 and Ethiopia in March 2019 after reported problems with ...

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NOVOAIR gets new aircraft

Photo: Courtesy Private airline NOVOAIR on Sunday announced adding another aircraft to its fleet, saying it plans to increase the number of flights on domestic and international routes. With the 68-seater ATR 72-500 aircraft, the company now has seven planes in its fleet. The new aircraft landed at Dhaka airport at 2:30pm. Feroz Alam, Deputy Managing Director, directors and high ...

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UCBL, Sylhet Range Police sign agreement

United Commercial Bank Limited has recently signed an agreement with Bangladesh Police, Sylhet Range on e-trafficking prosecution and fine payment system. DIG of Sylhet Range Md. KamrulAhsan BPM (Bar), Additional DIG of Sylhet Range  Joydeb Kumar Bhadra BPM; Sydul H Khandaker, Program Director of Digital Financial Services, UCB and  Hasan Mohammad Zahid, FAVP, MFS of UCB along with other officials ...

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How US-China trade deal achieved a little but left out a lot

The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure to hand over trade secrets to Beijing. But what the administration gained from the so-called Phase 1 ...

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US and China ‘very close’ to trade deal: Trump

Wall Street share markets hit a record high on signs of an imminent pause in the trade war between the US and China, reports BBC. Business chiefs who met White House officials on Thursday hinted that a deal could come this week. It would avert another round of tariffs that the US was due to impose on China on Sunday.President ...

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UK authorities give Amazon 5 days for new Deliveroo plan

British authorities are asking Amazon to address concerns that its plan to buy a stake in food delivery platform Deliveroo could damage competition between businesses that do takeaways and those that deliver groceries. The Competition and Markets Authority gave the online shopping shopping behemoth five days to come up with legally binding proposals to address the competition concerns identified Wednesday. ...

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U.S. dollar declines against euro amid upbeat German data

The U.S. dollar declined against the euro on Tuesday after upbeat German economic data boosted the common currency. A monthly survey published Tuesday by a German economic research institute showed the economic sentiment for Germany has risen sharply in December 2019, buoyed mainly by better-than-expected exports data. The Leibniz Center for European Economic Research in Mannheim (ZEW) said the latest ...

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European companies minimise risks from US-China trade war

European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world’s two biggest economies have been entangled in a lingering trade war for over a year, which has weighed on the global economy and resulted in ...

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China’s trade with US sinks in November amid tariff war

China’s trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war. Exports to the United States fell 23% from a year earlier to $35.6 billion, customs data showed Sunday. Imports of American goods were off 2.8% at $11 billion, giving China a surplus with the ...

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