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British Gas boss Chris O’Shea: ‘I can’t justify my pay of £4.5m’

The boss of British Gas owner Centrica has told the BBC his pay last year of £4.5m is “impossible to justify”. Chris O’Shea described the package of salary, bonus and shares as a huge amount of money and said he was incredibly fortunate. While he pointed out that he did not set his pay, he admitted that – with customers ...

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Gold price drops by Tk 1,750 per bhori

The price of gold has decreased by Tk 1,750 per bhori following a reduction in the price of pure gold in the local market. Now, the price of 22-carat (11.664 grams) gold has become Tk 1,10,691 per bhori. Bangladesh Jeweler’s Association (BAJUS) standing committee decided that in a meeting on Thursday (January 18), a press release said. It said the ...

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Asian markets fluctuate as traders recalibrate rate outlook

Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high. A lack of meaningful measures by Beijing to boost China’s economy was adding to the frustration among investors, even as growth for 2023 came in ...

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Wage growth slows as UK job market begins to stall

Wage growth slowed again in the UK jobs market but is still outpacing price rises, official figures show. Pay growth, excluding bonuses, fell sharply from 7.3% to 6.6% in the three months to November. There are also signs the jobs market is stalling, with the number of vacancies dropping for the 18th time in a row. Retailers reported the sharpest ...

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BB to announce monetary policy statement Wednesday

The Bangladesh Bank (BB) will announce its monetary policy statement (MPS) Wednesday for the second half of the current financial year 2023-24. BB Governor Abdur Rouf Talukder will announce the MPS at a press conference at the BB head office at Motijheel in the city, says a press release. The Governor will also brief journalists on the outcome of the ...

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Dhaka Int Trade Fair ready to begin on Jan 21

Dhaka International Trade Fair (DITF)-2024 is set to begin on January 21 at the Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital’s Purbachal area. Haider Ali, information and public relations officer of the Commerce Ministry, confirmed the matter on Monday. He said Prime Minister Sheikh Hasina, on that day, will inaugurate the trade fair which will run long a month. ...

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‘I had £3,000 stolen via WhatsApp job scam message’

When Bella Betterton fell victim to a recruitment scam and had £3,000 stolen, she felt “attacked” and “distraught”. The 18-year-old had been contacted by scammers first via WhatsApp messages and then phone calls and thought she had taken part in a real job interview. But the fraudsters tricked her card details out of her to steal the money. New figures ...

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Post Office may face £100m tax bill over victim payouts – experts

The Post Office may have underpaid more than £100m in tax by deducting payments to victims of the Horizon scandal from its profits, say tax experts. Claiming tax relief in this way could count as a breach of the law and could mean it is at risk of insolvency, said Dan Neidle, of Tax Policy Associates. The company also may ...

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Dhaka-Tangail highway blocked by RMG workers

Vehicular movement on Dhaka-Tangail highway remained suspended as garment workers blocked the road demanding payment of salaries as per the wages set by the government. Around 7:30am, 700 workers of Meigo Bangladesh (Bay-Economic Zone) Ltd in Gazipur’s Konabari started demonstration blocking the highway to realise their six-point demand. Following the protest, movement of the vehicles on both sides of the ...

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