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British engine maker Rolls-Royce cutting 4,600 jobs

LONDON, June 14, 2018 : Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British jobs by 2020, adding to thousands of cuts already announced in recent years. “Rolls-Royce announces the next stage in our drive for pace and simplicity with a proposed restructuring that will deliver improved returns, higher margins and increased ...

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German Business Council formed to strengthen business ties with Bangladesh

Photo: Members of German business community in Bangladesh at a meeting in Dhaka. Dhaka, Jun 13 : The Germany Embassy, Dhaka and the German business community in Bangladesh have jointly agreed to establish the German Business Council (GBC), a platform for the German businesses in Bangladesh. This group will also take the lead to strengthen business relationship between Bangladesh and ...

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New five-taka,two-taka notes to be issued Monday

The government will issue newly introduced Taka 5 and Taka 2 notes as the government currency from Monday (tomorrow), said a press release.   Finance Division Secretary Mohammad Muslim Chowdhury will sign the notes which will be issued at Motijheel branch of Bangladesh Bank (BB) on Sunday (tomorrow) and other offices of the central bank later, the release said.  The ...

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House of Fraser to close more than half its UK stores

Department store chain will shut 31 outlets, including London flagship Full list of 31 House of Fraser stores under threat of closure High street 2018: lost shops and at least 35,000 jobs at risk House of Fraser is to close more than half its UK stores, putting a further 6,000 jobs at risk and dealing another hammer blow to the ...

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Asian shares rally on jobs data, despite trade talks impasse

Singapore, Jun 4 : Asian stock indexes rose Monday as investors rallied around a U.S. jobs report, despite fresh signs of a burgeoning trade war as weekend China-U.S. trade talks ended in an apparent impasse. KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 1.4 percent to 22,481.64 and South Korea’s Kospi gained 0.3 percent to 2,446.77. Hong Kong’s Hang Seng ...

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NBR likely to get Tk 291,000cr revenue collection target for 2018-19 FY

Dhaka, June 2 : The National Board of Revenue (NBR) is likely to get a gigantic target to collect Tk 291,000 crore in revenue during the coming 2018-19 fiscal year, up 16.84 percent from Tk 248,190 crore of the current fiscal year. According to sources at the NBR, Finance Minister AMA Muhith has asked the revenue collecting authority to fix sector-wise ...

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Small firms face ‘extermination’ due to Network Rail asset sale

Thousands of businesses based in railway arches are facing rent hikes of up to 500% George Grant with his father Ronnie, who started his business 60 years ago in Clapham’s railway arches. George Grant (right) with his father Ronnie, who started his business 60 years ago in Clapham’s railway arches. Photograph: David Levene for the Guardian Thousands of small businesses ...

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Iftar Mahfil held by British-Bangladeshi Cargo Agent Association

British-Bangladeshi Cargo Agent Association organised its Iftar Mahfil in a restaurant in East London on 28th May.  Chairman of the organisation and Proprietor of JMG Cargo, Monir Ahmed presided over the discussion the Iftar Mahfil and General Secretary Dewan Rob conducted it. Speakers at the Iftar Mahfil emphasised that cargo business has turned into a goodwill business these days.  They ...

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China factory activity rises to 8-month high in upbeat sign

Hong Kong, May 31 : Chinese factory activity grew at its fastest rate in eight months on stronger demand, a survey showed Thursday, in a positive sign for the world’s No. 2 economy despite trade tensions with the U.S. The official purchasing managers’ index rose to 51.9 in May from 51.4 the previous month. Readings above 50 indicate expansion, while ...

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Serge Dassault, French billionaire entrepreneur, dies at 93

French entrepreneur and politician Serge Dassault has died at the age of 93, his family has said.   Mr Dassault led the Dassault group after his father, Marcel’s, death in 1986. The group has numerous firms in aeronautics and armaments and owns the French newspaper, Le Figaro.   Mr Dassault was one of France’s richest men and ranked high on ...

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