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Amazon criticised in paying lower rates than shops

Amazon has been criticised for paying less in business rates than British bricks and mortar retailers. The online retail giant’s financial results revealed that UK sales for 2020 totalled $26.5bn (£19.3bn) – a 51% jump from $17.5bn in 2019. Amazon’s overall business rates bill for 2020-2021 is estimated by researchers to be £71.5m – just 0.37% of its retail sales. ...

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Biman to operate weekly two flights on Dhaka-Kathmandu route

Biman Bangladesh Airlines will operate weekly two flights on Dhaka-Kathmandu route from February 18 after a suspension of nearly a year due to the Covid-19 pandemic. The national flag carrier will operate commercial flights on every Monday and Thursday on this route, Biman said. Biman passengers can collect the tickets from mobile apps, website, Travel Agency, Biman’s call centre and ...

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Bangladesh’s exports to Asian markets still low

Although Bangladesh has achieved significant growth in exports to the key markets in the UK and US, the export volume to Asian countries is still very low. Despite having huge regional trade potential, exports to the Asian nation is dull due to regional trade barriers, the absence of preferential trade agreements and bilateral arrangements. Bangladesh’s export still highly reliant on ...

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Biden ends deadlock over first African and first woman to lead WTO

The Biden administration has ended the deadlock over the next head of the World Trade Organization (WTO) by expressing its “strong support” for Nigeria’s ex-finance minister. Ngozi Okonjo-Iweala was frontrunner for the role until the Trump administration last October said it wanted another woman, South Korea’s Yoo Myung-hee. Ms Yoo has now withdrawn her candidacy. If confirmed in the role, ...

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Google opens paid-for Australia news platform in drive to derail Canberra’s content payment law

Tech giant Google today launched a platform in Australia offering news it has paid for, striking its own content deals with publishers in a drive to show legislation proposed by Canberra to enforce payments, a world first, is unnecessary. Only rolled out previously in Brazil and Germany, the News Showcase platform was originally slated for launch last June. But Alphabet ...

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Chip shortage hits General Motors production

General Motors (GM) is the latest automaker to feel the effects of a global semiconductor chip shortage. The automotive giant said it would cut production entirely at three of its factories in North America next week. In addition, a factory in South Korea would run at half capacity, the carmaker said on Wednesday.   The production cut comes as US ...

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Oil giant BP plunges into $20.3-bn annual loss on virus

BP announced Tuesday that it tumbled into a massive $20.3-billion (16.8-billion- euro) net loss last year, despite a slender profit in the fourth quarter, as the coronavirus pandemic ravaged global energy demand. The enormous loss contrasted sharply with net profit of $4.0 billion in 2019, the British energy major said, adding that oil sector had been “hit hard” by the ...

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US-Bangla Airlines a name of panic!

US-Bangla Airlines has turned into a ‘transport of panic’ in recent times as technical glitches and mismanagement are found in the flights of the leading private airline company in Bangladesh. Crashes and emergency landing of US-Bangla flights often take place due to their mismanagement. An aircraft of the airline crashed in Nepal on March 12 in 2018, leaving 51 people ...

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Indian traders continue strike halting trade at Benapole Port

Jeebon Jibika Bachao Committee, an organisation of Petropole Port India halted trade through Benapole port of Bangladesh for the second consecutive day on Monday. The committee is expecting realisation of their five-point demand including putting an end to harassment by the Indian Border Security Force in trade. However, the communication of passengers with passports remains unaffected while the conveyance of ...

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Asian markets mostly rise in respite from recent rout

Most Asian markets bounced Monday following last week’s blood-letting as bargain-buyers moved in, but dealers remain on edge as surging infections and a stuttering vaccination rollout offset long-term hopes for the economic recovery. Worries about online retail investors’ attack on Wall Street short traders was also causing angst on trading floors, with fears they are being forced to sell some ...

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