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Business continuity a must to keep economy viable: Nitol-Niloy Group Chair

Entrepreneurs have to run their business in the new normal situation to keep the economy sustainable amid the risk of corona, Nitol-Niloy Group Chairman Abdul Matlub Ahmad has said. In a virtual interview with daily sun, Abdul Matlub Ahmad offered his take on the businesses about what they should be doing amid some risk factors caused by corona. He stressed ...

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WB approves $12 billion for Covid-19 vaccine

The World Bank said its executive board approved $12 billion for developing countries to finance the purchase and distribution of Covid-19 vaccines, tests and treatments for their citizens. The financing, which aims to support vaccination of up to 1 billion people, is part of an overall World Bank package of up to $160 billion through June 2021 to help developing ...

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Singapore Airlines sells out meals on parked plane

Singapore diners have jumped at the opportunity to have lunch on a stationary Airbus A380 parked at the city’s main airport. Despite a price tag of up to $496 (£380), the first two seating dates sold out within half an hour. The airline has added two more dates, with diners signing onto a waitlist for lunch and dinner sittings. Singapore ...

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Global deal on taxing tech giants still beyond reach: OECD

The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the OECD acknowledged Monday. “The glass is half full: the package is nearly ready but there is still no political accord,” said Pascal Saint-Amans, head of tax policy at the Paris-based ...

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Ryanair expects Boeing 737 Max jet clearance soon

Ryanair has said it expects the controversial Boeing 737 Max plane to be allowed to fly again in the US in the next month or so. The airline’s boss, Eddie Wilson, said it hoped to start taking delivery of the planes early next year. No Max planes have flown since March 2019 after issues with its software were linked to ...

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CDB sets goal to produce 2mn bales of cotton by 2041

The Cotton Development Board (CDB) under the Ministry of Agriculture has set a target of producing 20,00,000 (20 lakh or 2 million) bales of cotton in the country by 2041. This goal can be achieved by cultivating cotton on only 200,000 hectares of land, so the average production per hectare would be increased to 10 bales. CDB Executive Director Md. ...

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Covid to reshape Bangladesh’s economic policies in medium term

Covid-19 has had a major impact on the global economy. And Bangladesh is no exception. An official document now suggests that the pandemic is going to have a massive influence on Dhaka’s economic policies in the medium term, as the country looks forward to graduating out of the least developed country status in 2024. Bangladesh, which is currently passing through ...

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Covid-19: UK government prepares jobs support if firms forced to close

With the government expected to tighten restrictions over the coming days to deal with a sharp spike in new coronavirus infections, there are growing concerns that the economy will suffer during the winter and that hundreds of thousands of jobs may be lost. Treasury chief Rishi Sunak said he understood how “people are worried about the coming winter months.”(File photo) ...

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Canada will pitch ‘safe tourism’ to travellers once borders open

Canada goals to capitalize on its extra conservative strategy to preventing the coronavirus to advertise itself as a protected vacation spot for vacationers as soon as the pandemic subsides. Since March, Justin Trudeau’s authorities has saved in place a journey lockdown that bans most overseas guests and forces anybody coming into Canada to quarantine for 14 days. The virus has ...

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T-Rex fossil sells for record-breaking $31.8 mn

One of the most complete specimens of a T-Rex fossil in the world was sold for a record $31.8 million Tuesday by Christie’s in New York, nearly quadrupling the previous highest price for a dinosaur at auction. The apex predator made mincemeat of Christie’s opening price of between six and eight million dollars, showing off the lasting power of the ...

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