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Iran unveils budget of ‘resistance’ against US sanctions

Iran’s President Hassan Rouhani on Sunday presented to parliament what he called a “budget of resistance” against crippling sanctions imposed by arch-enemy the United States. “Next year, similar to the current year, our budget is a budget of resistance and perseverance against sanctions,” Rouhani told parliament in remarks broadcast on state radio.

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India’s Maruti Suzuki recalls over 60,000 vehicles across 3 brands

India’s largest car manufacturer Maruti Suzuki has proactively recalled 63,493 certain petrol Smart Hybrid (SHVS) variants of Ciaz, Ertiga and XL6 vehicles, the company said in a statement to the Bombay Stock Exchange late Friday. The vehicles were manufactured by an overseas global part supplier between Jan. 1 to Nov. 21 this year for a possible defect with the Motor ...

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Saudi Aramco raises $25.6bn in world’s biggest share sale

State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh, reports BBC. The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.Aramco relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad. The IPO will value ...

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Holidays bring phishing scam surge aimed at small business

The email looked legitimate, so Danielle Radin clicked on the link it contained, expecting to have her products included in a holiday gift guide. “I instantly regretted it,” says Radin, owner of Mantra Magnets, a website that sells wellness products. “It took me to some random website that looked like those pop-ups telling you that you’ve won the lottery.” Within ...

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US threatens tax on French champagne and cheese

The US is preparing tariffs on $2.4bn (£1.85bn) worth of French exports as retaliation against the country’s new digital services tax, reports BBC. The top US trade official said the new tax, which France approved in July, unfairly targets American tech giants.He said the potential tariffs were intended to deter other countries from taking similar steps. The items that could ...

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Merry Clickmas: Black Friday online sales hit record $7.4B

This year’s Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up $7.4 billion in transactions from their phones, computers and tablets. That’s just behind the $7.9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80 ...

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German jobless rate stays at 4.8% despite lackluster economy

Germany’s unemployment rate was static at 4.8% in November as the labor market remained robust despite the lackluster performance of Europe’s biggest economy. The Federal Labor Agency said Friday some 2.18 million people were registered as unemployed, 24,000 fewer than the previous month and 6,000 fewer than a year earlier. The unadjusted jobless rate – the headline figure in Germany ...

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China to invest 10 million US dollars in Mongla EPZ

Chinese Company M/s. Y & F Healthcare Ltd. will invest US$ 10 million in Mongla Export Processing Zone (EPZ) to produce diversified products in medical sector. In the presence of Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Major General S M Salahuddin Islam, member of BEPZA Zillur Rahman and Managing Director of M/s. Y & F Healthcare Ltd ...

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Emirates introduces fourth daily flight to Dhaka

Emirates on Monday declared that it would add a new daily flight between Dhaka and Dubai considering the increasing trend of Bangladesh’s international travelers, reports BSS. “The fourth daily flight will be operated from June 1, 2020 by a Boeing 777-300ER aircraft with 42 business class and 310 economy class seats,” Emirates’ Bangladesh Country Manager Saeed Abdulla Miran told reporters ...

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BB eases credit card restrictions for online use

Photo: Courtesy Bangladesh Bank on Sunday withdrew its restriction on buying products online from international market place using credit cards. A circular issued by the central bank’s Foreign Exchange Policy Department (FEPD), said that to bring further simplification in online transactions, it has been decided to waive Online Transaction Authorization Form (OTAF) formalities for online payments abroad through international cards ...

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