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US, China to discuss trade deal amid COVID-19 disruption

Negotiators from the United States and China will on Saturday discuss the “phase one” trade deal signed earlier this year — before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse. Washington and Beijing’s January deal represented a partial truce in their months-long trade war, and obligated Beijing to import ...

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Amazon launches online pharmacy in India

US tech giant Amazon launched its first Indian online pharmacy service on Friday as it attempts to grab more of the country’s burgeoning e-commerce market. Amazon is battling Walmart-backed Flipkart and JioMart, owned by Asia’s richest man Mukesh Ambani, as well as local companies in the vast market of 1.3 billion people. India has seen nearly 2.5 million confirmed coronavirus ...

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US suspends private charter flights to Cuba

The US administration has suspended all private charter flights between the United States and Cuba, to increase economic pressure on Havana. US Secretary of State Mike Pompeo tweeted that “the Castro regime uses tourism and travel funds to finance its abuses and interference in Venezuela”. Last October the US banned regular scheduled flights to all cities in communist-run Cuba except ...

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Biman to operate flight to Kuala Lumpur from Aug 18

Biman Bangladesh Airlines is set to operate direct flights from Dhaka to Kuala Lumpur commercially from August 18. The Kuala Lumpur-Dhaka flight will be operated two days in a week- on Tuesday and Friday while Kuala Lumpur-Dhaka route on Wednesday and Saturday, said a press release of Biman. The necessary conditions and information will be available on Biman Bangladesh Airlines ...

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Govt to procure 30,000 tonnes of urea fertilizer

The Cabinet Committee on Government Purchase approved on Wednesday two proposals including one for procuring 30,000 metric tons of bagged granular urea fertilizer from Karnaphuli Fertilizer Company Limited (KAFCO), Bangladesh with a cost of around Taka 57.60 crore. The approval came from the 18th meeting of the Cabinet Committee on Government Purchase held today with Finance Minister AHM Mustafa Kamal ...

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Coronavirus: World’s biggest gambling hub in Macau reopens for business

Macau has taken its first steps on the road to recovery as the casino capital starts issuing tourist visas again. Asia’s gambling hub became a ghost town after coronavirus lockdowns saw a severe downturn in visitors. Macau authorities said they will slowly start handing out tourist visas from Wednesday to bring gamblers back. Casino operators have been losing $15m (£11.5m) ...

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SoftBank back to black with $12bn profit after record losses

SoftBank Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and the firm sheds assets to shore up its finances. The results will be a relief for chief Masayoshi Son, who has faced an increasing drumbeat of criticism after recent record losses for the firm. Son transformed what began ...

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Apple boss Tim Cook joins the billionaires club

Apple chief executive Tim Cook has moved into the billionaire club as the tech firm’s share price continues to soar. Apple’s market value has been on the rise following strong results and the upbeat outlook for tech giants. Mr Cook owns 847,969 shares directly and took home more than $125m (£96m) last year as part of his pay package. Last ...

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Uber and bKash partner to provide contactless payment options for Bangladeshi riders

Uber and bKash on Monday announced a partnership which will allow Uber riders to pay for their trips using bKash, the largest mobile financial service provider in Bangladesh. The long-awaited partnership aims to enhance rider experience and safety by making the payment process contactless, convenient and secure as riders resume travel after a lengthy lockdown, said a press release. The ...

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BMW introduces 2 Series Gran Coupe in Bangladesh

German car manufacturers BMW have introduced the 2 Series Gran Coupé in Bangladesh. Executive Motors Limited who are the official dealers for BMW in Bangladesh, unveiled the first ever 2 series Gran coupe this evening through a virtual launch, according to a press release. Christopher Wehner, Managing Director, BMW Group Asia was the honorable chief guest and gave the welcome ...

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