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Coronavirus outbreak: Much of world’s factories still shut

Prices of goods imported from China mark a rise in Bangladesh Photo : A woman walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, Feb. 10, 2020. Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is ...

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Coronavirus: Pressure grows to re-open factories

Companies around the world are waiting for China to re-open its factories and plants on Monday, reports BBC. If this does not happen, major brands from car makers to tech giants will struggle to make their products.Inventories are already running low following widespread shutdowns at Chinese factories forced to close to prevent the spread of the coroanvirus. China, known as ...

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Uber sees path to profit despite $1.1bn loss

Uber’s business continues to grow, but so do its losses. The firm lost $1.1bn (£851m) in the last three months of 2019, even as revenue jumped 37% to $4bn and the number of trips made on its platform rose by 28%.Spending to expand its Uber Eats food delivery business hurt the firm’s bottom line, reports BBC. Uber boss Dara Khosrowshahi ...

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High season for flower sale: Jashore florists eye Tk 70cr business

Flower farmers in Jashore’s Jhikargacha say they expect to sell flowers worth Tk 70-80 crore ahead of Pahela Falgun, Valentine’s Day and International Mother Language Day this month. According to Bangladesh Flower Society, 8000-10,000 florists are involved in flower cultivation in around 3,500 hectares of land there. Around 12 species of flowers are cultivated here. Among the total cultivation, gladiolus ...

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BP’s annual net profit slides to $4.0bn in 2019

British energy giant BP on Tuesday said annual net profit slid to $4.0 billion last year, hit by weaker oil prices. The figure was down sharply compared with profit after tax of $9.38 billion in 2018, the company said in a statement.

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Germany’s Merkel meets food industry to discuss low prices

Photo: German Chancellor Angela Merkel, center, speaks alongside Peter Altmaier, Federal Minister of Economics and Energy, left, and Julia Klöckner, Federal Minister of Food and Agriculture, at the beginning of a meeting of the Federal Government with representatives of the food industry in Berlin, Germany, Monday, Feb.3, 2020. German Chancellor Angela Merkel met food industry representatives on Monday to address ...

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Singapore Airlines starts Airbus A350-900 flights in Dhaka

Singapore Airlines (SIA) has started its service of Airbus A350-900 medium-haul aircraft for the first time in the country. SIA made its inaugural flight from Dhaka to Singapore on Saturday. The boarding announcement was made by George Robertson, General Manager Bangladesh of Singapore Airlines for the inaugural flight of the A350-900. Featuring new regional Business Class and Economy Class cabin ...

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Asian shares mostly higher after rebound on Wall Street

A currency trader adjusts his mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before. Hong Kong’s Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year ...

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Boeing 777X: World’s largest twin-engine jet completes first flight

Boeing has successfully completed the first test flight of the world’s largest twin-engined jet, the 777X. It comes as the firm attempts to boost its image after its 737 Max plane was grounded last year following two fatal crashes that killed 346 people. The flight took off near Seattle and lasted four hours. Two attempts were called off this week ...

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Big Indian investment coming to Bangladesh

Bangladesh will see more investment from neighbouring country in the future as it has been containing a very favourable environment for Indian investors, said Dinesh Kumar Khara, Managing Director of State Bank of India. Mentioning that Indian investment in Bangladesh is going well, India’s banking boss came up with this hope in a trade meeting held between India Bangladesh Chamber ...

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