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Barclays to end direct financing of new oil and gas fields

Barclays has announced it will no longer provide direct funding for new oil and gas projects. The banking giant also says it will restrict lending to energy businesses that plan to expand their fossil fuel production. Barclays is a major lender to the fossil fuel industry, but has been coming under mounting pressure to curb its support for the sector. ...

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US-Bangla Airlines adds 436-seat Airbus 330-300 to its fleet

Hazrat Shahjalal International Airport was given a new look with the addition of a wide body aircraft 436-seat Airbus 330-300 to the fleet of US-Bangla Airlines on Friday. The Airbus landed at Hazrat Shahjalal International Airport on Friday, February 9 at 3:10pm from Guangzhou, China. The Airbus was greeted by a water cannon salute. US-Bangla Airlines Chief Executive Officer Captain ...

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Canada’s BCE cutting 4,800 jobs, selling 45 radio stations

Canada’s largest communications conglomerate BCE Inc. announced Thursday it plans to cut 4,800 jobs, or nine percent of its workforce, and sell off 45 radio stations across the country, reports AFP. Bell Canada Enterprises Inc., the parent of Bell Media, said in financial filings that “traditional radio faces accelerated substitution from new music players and alternative streaming services.” The sale ...

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NBR cuts import duty on four essential items

The National Board of Revenue (NBR) has issued a notification reducing import duty on rice, edible oil, sugar and dates ahead of holy month of Ramadan. NBR Chairman Abu Hena Md Rahmatul Muneem signed four separate orders in this regard on Thursday. At the cabinet meeting held at the Prime Minister’s office on January 29, Prime Minister Sheikh Hasina ordered ...

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Three-day BAJUS fair begins in city today

A three-day jewellery exhibition titled ‘Bajus Fair-2024’ will begin at International Convention City Bashundhara (ICCB) in the capital on Thursday. The mega event is being held for the third time in the country. With the theme ‘Investment in gold, savings for the future’, some 41 companies will showcase the strength of the local jewellery industry in the fair. Officials of ...

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Biman offers 15% discount on air tickets of all int’l routes

Biman Bangladesh Airlines is offering 15 per cent special discount on air tickets of all international routes on the occasion of ‘Biman Dhaka Travel Mart 2024’ that begins at Pan Pacific Sonargaon Hotel’s grand ball room at Kawran Bazar in the capital on Thursday (February 8). The three-day fair will end on Saturday (February 10). Biman will take part in ...

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DBS: Singapore’s biggest bank cuts executive pay after outages

Singapore’s biggest bank DBS has slashed its CEO’s bonus by 30% after disruptions to its digital services, despite it posting a record profit. The company said the cut to Piyush Gupta’s variable pay amounts to S$4.14m ($3.1m; £2.4m) and that his full salary for 2023 will be disclosed in March. In 2022 Mr Gupta was paid S$15.4m. After several glitches ...

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WeWork’s ousted boss plots buyback of bankrupt firm

WeWork’s former boss, Adam Neumann, wants to buy back the bankrupt shared office company, according to a letter made public on Tuesday. He approached the firm in December about a potential deal, the message from his lawyer to WeWork said. It accused WeWork of resisting the idea, despite its bleak financial situation. WeWork said it received offers on a “regular ...

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Onion price rises again, garlic declines

In a span of a week, price of garlic has fallen by Tk 20 a kg at Fulbari in Dinajpur district. On the other hand, price of onion has started rising again. The local variety of onion is being sold at Tk 10 more per kg compared to the last week. Visiting Fulbari’s wholesale and retail vegetables markets on Tuesday ...

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92pc of registered companies did not file tax returns, says NBR

The number of (Tax Identification Number) TIN holders in the country is increasing, but the return submission has not increased proportionately, said the National Board of Revenue (NBR). According to NBR, at the end of the deadline for returns submission for fiscal year 2023-24, only 24,381 companies/institutions submitted returns, which is 8.45 percent of the total institutions. It means more ...

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