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Coronavirus: France announces €8bn rescue plan for car industry

The French government has announced an €8bn (£7.1bn) rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic. President Emmanuel Macron’s proposal includes €1bn to provide grants of up to €7,000 to encourage citizens to purchase electric vehicles. It also puts money toward investments to make France a centre for electric vehicle output, BBC reported.The ...

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Latin America’s largest airline, LATAM, files for bankruptcy

LATAM Airlines Group, the largest air carrier in Latin America, filed for Chapter 11 bankruptcy on Tuesday, according to a statement released on its website. Reservations, employee pay, flight vouchers as well as passenger and cargo operations will not be affected, according to the statement. “The U.S. Chapter 11 financial reorganization process provides a clear and guided opportunity to work ...

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First Iranian oil tanker docks in Venezuela

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs. In a statement delivered on state television, Oil Minister Tareck El Aissami said the convoy was an expression of the Venezuelan people’s “self-determination” and praised Tehran’s ...

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Volkswagen loses landmark German ‘dieselgate’ case

Germany’s highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its diesel minivans fitted with emissions-cheating software. The ruling sets a benchmark for about 60,000 other cases in Germany. The plaintiff, Herbert Gilbert, will be partially reimbursed for his vehicle, with depreciation taken into account.VW has already settled a separate €830m ...

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CPA handles 3.19 lakh containers in 56 days of general holiday

ৃ Chattogram Port Authority (CPA) has handled over 3,19,000 containers in 56 days of general holiday across the country during global epidemic of coronavirus (Covid-19), reports BSS. The Transport Department of CPA has given this information after calculating data from March 26 to May 20. At least 1,37,28,642 metric tons of goods including 87,398 metric tons onion, 8,275 metric tons ...

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Coronavirus: US workers seeking jobless aid near 40 million

A further 2.4 million Americans sought unemployment benefits last week, despite hopes that easing lockdown restrictions would help restart the US economy. The new filings brought the total since mid-March to roughly 38.6 million – almost a quarter of the workforce, BBC reported.The weekly figures have declined since peaking at almost 6.9 million at the end of March but remain ...

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Amazon trials online food delivery in India

Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move comes as pandemic lockdowns prompt a surge in online ordering in some places, such as the US, BBC reported.However in India, the two big players in the market have seen significant declines in demand. Amazon has set ambitious plans for ...

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Beximco Pharmaceuticals hands over 1000 doses of Remdesivir to Health Ministry

Photo:Courtesy The Health Ministry on Thursday received one thousand doses of a generic version of Remdesivir – the intravenous drug that has been shown in one trial to reduce the time needed for recovery from Covid-19 – from Beximco Pharmaceuticals, for treatment of serious Covid-19 patient. Nazmul Hasan Papon, managing director of the company, as well as an MP and ...

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UK energy group OVO to cut 2,600 staff after tie-up

British energy group OVO on Tuesday said it planned to cut 2,600 staff following its part-purchase of rival SSE, with the job losses rushed through owing to the coronavirus outbreak. “OVO Energy today announced proposals to reduce the number of roles across SSE Energy Services and OVO by 2,600 largely through voluntary redundancy over the course of 2020,” a statement ...

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RMG: UK urged to continue imports from Bangladesh through creating fund

File Photo State Minister for Foreign Affairs Md Shahriar Alam has suggested that the UK may take the initiative of creating a COVID-19 fund which can be used to bail out the UK brands/retailers so that they can continue with their imports from Bangladesh. On the other hand, Alam said, the fund can also be used to help the workers ...

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