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Trade war delaying Chinese automaker’s US plans

Photo: The GAC Entranze concept electric vehicle is unveiled at the North American International Auto Show, Monday, Jan. 14, 2019, in Detroit, Mich. Detroit, Jan 15 : The U.S.-China trade war has delayed but not derailed Chinese automaker GAC Motor’s plans to enter the American market, company officials said Monday. Company President Yu Jun, speaking at Detroit’s North American International ...

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Month-long Dhaka Int’l Trade Fair starts today

The 24th Dhaka International Trade Fair (DITF) has kicked off on Wednesday at the Sher-E-Bangla Nagar, adjacent to Bangabandhu International Conference Centre (BICC) in Dhaka. President M Abdul Hamid inaugurated the month-long fair organised jointly by the Commerce Ministry and Export Promotion Bureau (EPB). President Abdul Hamid and Prime Minister Sheikh Hasina issued separate messages on Tuesday wishing success of ...

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Bangladesh ranked 41st-largest economy in 2019

Bangladesh has been ranked 41st among the largest economies in the world in 2019, stepping up from 43rd-place last year, according to a study published by the UK- based economic consultancy Centre for Economics and Business Research (CEBR). The 10th edition of CEBR’s latest World Economic League Table (WELT) was published in December last year. The 2019 WELT provides clear ...

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Ivanka Trump plans global women’s economic development push

Photo: Ivanka Trump, the daughter of President Donald Trump, arrives for a ceremony to pardon the National Thanksgiving Turkey in the Rose Garden of the White House in Washington. Washington, Jan 1 : Ivanka Trump is set to launch a White House effort aimed at women’s global economic empowerment in early 2019. A formal launch for the initiative was planned ...

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UK to spend £108m on no-deal ferries

The UK will spend more than £100m chartering extra ferries to ease “severe congestion” at Dover, in the case of a no-deal Brexit. Over the last few months, additional ferry contracts were awarded to French, Dutch and British companies.   The contingency plans allow for almost 4,000 more lorries a week to come and go from other ports, including Plymouth, ...

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Japan stocks plunge, other Asia markets fall after US losses

Photo: Traders work on the floor of the New York Stock Exchange in New York, Monday, Dec. 24, 2018. Beijing, Dec 25 : Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s attack on the U.S. central bank. The Nikkei 225 fell by an unusually wide margin of 5.1 percent ...

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UK business investment continues to fall

Business investment has now declined for three quarters in a row, figures show, its worst run since the economic downturn of 2008 to 2009. The Office for National Statistics (ONS) said investment fell by 1.1% in the July to September period compared with the previous quarter.   However, separate ONS figures showed government borrowing fell in November.   Borrowing was ...

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Nissan to replace rock-star chairman amid arrest scandal

Nissan Motor Co. President and CEO Carlos Ghosn arrives for a joint press conference with Mitsubishi Motors Corp. in Yokohama, near Tokyo onMay 12, 2016, file photo Tokyo, Dec 17 : Nissan’s board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. Monday’s meeting comes amid an unfolding scandal that ...

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US jobs growth slows in November

US jobs growth was weaker than expected last month, a slowdown that analysts blamed partly on a tight labour market. Employers added 155,000 jobs, with health care, manufacturing and transportation firms driving the growth, the Labor Department said.   The gains kept the unemployment rate unchanged at 3.7%, near record lows, according to the report.   The average hourly pay ...

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Culinary world cup 2018 in Luxembourg

UK Curry Connect (UKCC), a small campaign group that is trying to make its voice heard on behalf of the Asian catering industry to various government and industry bodies to deal with staff and skills shortages that are blighting the industry. UKCC has a number of viable proposals that have already been presented and one of its long term proposals ...

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