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SpiceJet: Indian airline turns to seaplanes to boost travel

Indian airline SpiceJet is turning to seaplanes to boost travel during the pandemic downturn. The country’s biggest regional airline has approval for 18 seaplane routes, BBC reported. One of these routes is to Kevadia, the site of the world’s tallest statue – an 182-metre tribute to the country’s first home minister, Vallabhbhai Patel. During the pandemic, SpiceJet is focusing on ...

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Shameran Abed re-elected as bKash chairman

Shameran Abed has been reelected as bKash chairman. The board of bKash Ltd re-elected him for a second term at a meeting held on Tuesday, said a press release on Thursday. Abed was earlier elected as Chairman in November, 2015 for a term of 5 years. He is a senior director at BRAC and also sits on the boards of ...

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US tries to block first African WTO head Ngozi Okonjo-Iweala

The appointment of Nigeria’s ex-finance minister to lead the World Trade Organization (WTO) has been thrown into doubt after the US opposed the move. On Wednesday, a WTO nominations committee recommended the group’s 164 members appoint Ngozi Okonjo-Iweala. She would be the first woman and first African to lead the WTO. But the US, critical of the WTO’s handling of ...

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Aston Martin: Mercedes to take 20pc stake in luxury brand

Germany’s Mercedes-Benz is to raise its stake in Aston Martin Lagonda as part of the UK carmaker’s recovery plan. Aston Martin, which has haemorrhaged cash since a disastrous stock market flotation, said Mercedes will increase its holding “in stages” from 5% to 20%. The announcement, made after the London stock market closed, called the deal a “strategic technology agreement”. It ...

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HSBC to accelerate restructuring plan to cut costs

HSBC has said it will accelerate its restructuring plan, slashing costs further than previously suggested. It came as Europe’s biggest bank reported a 35% fall in quarterly pre-tax profit to $3.1bn (£2.3bn), while revenues fell 11%. The lender, which is in the midst of cutting 35,000 jobs, did not say whether more jobs would now go. It said it would ...

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Dhaka aims at easing foreign concerns for companies exiting China

Bangladesh is looking at simplifying its foreign direct investment (FDI) policy as well as the corporate taxation system to lure companies seeking to move their manufacturing base from China in view of the Covid pandemic has learnt. According to Internal Resources Division (IRD) sources, a team has already been formed under the leadership of Prime Minister’s Principal Secretary Dr Ahmed ...

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Students across the UK unite to take up Covid-safe fundraising activities for Charity Week 2020

  Thousands of students across the UK and overseas are embarking on a week of Covid-safe activities to raise funds for children across the world for international charity Islamic Relief. Charity Week takes place between 26 October and 1 November this year and involves student Islamic Societies up and down the country donating their time, energy and goodwill to raise money ...

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BSTI includes 43 new products under mandatory quality certificate

Considering the growing demand among the general public on different products, including low fat milk, flavored milk, ice lolly, natural mehdi, dishwashing liquid, liquid toilet cleaner, nail polish, gold, cotton sari made in power loom, passenger car tires and rims and power transformer, Bangladesh Standards and Testing Institution (BSTI) has decided to include 43 new essential products under the mandatory ...

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Biman to resume regular flights to India from Oct 29

The authorities of Biman Bangladesh Airlines have come up with declaration of resumption of regular flight operations on Delhi, Kolkata, and Chennai routes of India maintaining Covid-19 health guidelines. Tahera Khandaker, deputy general secretary (public relations) at Biman revealed this information in a press release on Sunday. The flights on Delhi, Kolkata and Chennai routes will resume on October 29, ...

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Samsung chairman Lee Kun-hee dies at 78

Chairman of South Korea’s technological giant Samsung Electronics, Lee Kun-hee, who transformed Samsung into a world-leading innovator and industrial powerhouse from a local business, died. He was 78. Lee died in Seoul on Sunday, according to a statement released by Samsung, reports Xinhua. It said Lee’s family, including his son Lee Jae-yong, who is Samsung’s vice chairman, were by his ...

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