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Microsoft profits jump as cloud services keep momentum

Microsoft said Tuesday profits rose sharply in the past quarter amid strong momentum in cloud services for businesses amid the extended pandemic. Profits in the three months to March 31 jumped 44 percent from the same period a year ago to $15.5 billion while revenues increased 19 percent to $41.7 billion, reports AFP. The results showed ongoing momentum for Microsoft ...

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BGMEA President discusses trade issues with EU Ambassador

European Union Ambassador to Bangladesh Rensje Teerink made a courtesy call on BGMEA President Faruque Hassan at BGMEA office on Tuesday. They had discussion on trade issues including sustainability, ways to strengthen EU-BD partnership, and further cooperation between Bangladesh and the EU for development of the industry. The BGMEA President thanked the Ambassador for the friendly support of the European ...

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Pandemic e-commerce boom adds jobs in Bangladesh

A boost in e-commerce business fuelled by the trend of staying home amid the coronavirus pandemic has generated jobs in the sector while other areas of the economy are struggling to cope up with the situation. During the lockdown last year, a huge number of people began ordering products — from groceries to food to consumer electronics — online and ...

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As Muslims celebrate Ramadan, Islamic Relief UK reveals a new YouGov poll showing that 47 per cent of Brits do not know that charity is a major component of Islam

  Almost 50 per cent of British people are not aware that charitable giving is a key component of Islam, despite Muslims donating over £150 million to charity during Ramadan 2020. 42 per cent of British people admitted to not knowing the Five Pillars of Islam And a total of 34 per cent of those surveyed incorrectly believed that establishing Shariah law, treating men as the superior gender or encouraging others to convert ...

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Singapore and Hong Kong to open travel bubble

Singapore and Hong Kong have agreed to start quarantine-free travel between the two cities from 26 May. Singapore and Hong Kong have agreed to start quarantine-free travel between the two cities from 26 May.   The long delayed travel bubble was first slated to begin in November, but was suspended after a sudden spike of Covid infections in Hong Kong. ...

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Stocks continue gaining

Stocks continued its gaining streak on the first trading day of the week thanks to increased participation of investors. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 63 points, or 1.16 per cent, to close at 5,498.21 today. The continuous rise of the index in the last seven trading days has boosted investors’ confidence, which brought ...

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Delta plans to buy 25 Airbus planes amid expected travel rebound

Delta Air Lines announced Thursday it was exercising options to buy 25 Airbus A321neo aircraft and accelerating deliveries of three other planes as it banks on a rebound in travel demand as Covid-19 ebbs. The US carrier also announced an additional 25 purchase rights for the A321neo, the latest model in Airbus’s A320 narrowbody series, the most-ordered series in commercial ...

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Global economy to stage vigorous recovery; jobs growth to lag

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists. That optimism was largely led by the widely expected vaccine-driven recovery, massive liquidity injections, unprecedented fiscal support – primarily by the United States, with more ...

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Consumer Reports tricks Tesla to drive with no one at wheel

Consumer Reports said Thursday it was able to easily trick a Tesla into driving in the car’s Autopilot mode with no one at the wheel. Its test came just days after a Tesla crashed in Texas, killing the two men in the car. Authorities say neither of the men were in the driver’s seat at the time of the crash. ...

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Jaguar Land Rover to suspend output due to chip shortage

Jaguar Land Rover (JLR) is shutting its two main car factories temporarily due to a shortage of computer chips. The difficulties at Britain’s biggest carmaker echo similar problems at other manufacturers, including Ford, who have been hit by a global shortage of chips. JLR said there would be a “limited period” of closure at its Halewood and Castle Bromwich sites ...

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