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Thailand’s cooling car sales may shift economy into lower gear

Efforts by Thailand’s central bank to talk down a spike in auto loans amid wider concerns about household debt have sent a chill across the country’s car dealers, which are struggling to source finance for new customers. Although the Bank of Thailand (BOT) has taken no policy action yet, analysts say the mere prospect of car loan curbs has been ...

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New Barnardo’s President Natasha Kaplinsky and celebs praise charity for vital work  

09 July 2019:   Barnardo’s new President Natasha Kaplinsky OBE praised Barnardo’s for highlighting the hopes and fears of young people in a special report launched by the charity at yesterday’s Parliamentary reception. Natasha Kaplinsky and children from Barnardo’s Wellbeing Hub The newsreader, presenter and journalist gave her first speech as President at the charity’s Annual Parliamentary Reception yesterday (Monday), ...

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UK economy probably shrank for first time in seven years

The UK economy probably shrank for the first time since 2012 in the second quarter, according to Bloomberg’s latest survey of economists. The prediction for a 0.1% contraction marks a downgrade from June, when economists only predicted stagnation. The survey came as retail industry reported another drop in sales and said “the picture is bleak.”Second Quarter Slowdown Economists predict the ...

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British Airways faces record £183m fine for data breach

British Airways is facing a record fine of £183m for last year’s breach of its security systems. The airline, owned by IAG, says it is “surprised and disappointed” by the penalty from the Information Commissioner’s Office (ICO). At the time, BA said hackers had carried out a “sophisticated, malicious criminal attack” on its website.The ICO said it was the biggest ...

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UK recession fears mount amid Brexit and global slowdown

Photo: In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. London, Jul 3 : The British economy appears to be showing signs of falling into recession as uncertainty over Brexit combines with a less benign global ...

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UK seeks new no-deal Brexit freight plan

London, Jul 1 : Transport companies are being asked to bid to provide extra freight capacity to be used in the event of a no-deal Brexit on 31 October reports BBC. The hurried ferry procurement process as the UK prepared to leave the EU on 29 March cost taxpayers more than £85m. That included £34m in a settlement and legal ...

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Boeing suffers new 737 Max issue that could delay return

US regulators have uncovered a possible new flaw in Boeing’s troubled 737 Max aircraft that is likely to push back test flights. The Federal Aviation Administration (FAA) said it identified the “potential risk” during simulator tests, but did not reveal specific details. Boeing’s top-selling aircraft was grounded in March after two crashes.The company is upgrading the aircraft’s anti-stall software, which ...

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Huawei loses trade-secret case

Photo: In this May 29, 2019, file photo, a woman walks by a Huawei retail store in Beijing. Dallas, June 27 : A Texas jury ruled Wednesday that Chinese technology giant Huawei stole trade secrets from a Silicon Valley startup, but jurors declined to levy damages, saying Huawei didn’t benefit from the theft. The jury in US District Court in Sherman, ...

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Taka 130cr revenue collected from ‘Gold Tax Fair’

National Board of Revenue (NBR) has collected around Taka 130 crore as revenue from ‘Gold Tax Fair’ held in all divisional cities, including Dhaka and Chattogram. In the fairs, jewelers legalized about 13 lakh bhori undisclosed stocks of gold and 1000 carat diamond and 500 Bhori silver. NBR and Bangladesh Jewelers Samity (BAJUS) jointly organised the fair for the first ...

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