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Pandemic upsurge hits Europe recovery hopes

An upsurge in new coronavirus cases is forcing governments across Europe into new, damaging lockdowns that threaten to delay a much hoped-for return to growth, economists say. The plan was that mass vaccination programmes would turn the tide on the pandemic, allowing locked-down consumers free rein after months penned up at home, reports AFP. Instead the virus has embarked on ...

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Let’s redouble efforts to promote stronger Dhaka-London trading ties: Rushanara

British lawmaker Rushanara Ali has laid emphasis on redoubling efforts by Bangladesh and the UK to address the threat of climate change and promote stronger trading relationships. “As we look to the future, let’s redouble our efforts to alleviate poverty, tackle injustice, address the threat of climate change and promote stronger trading relationships,” she said in a video message. Rushanara ...

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New US jobless claims drop below 700,000, 1st time since pandemic: govt

New filings for regular unemployment benefits in the United States dropped to 684,000 last week, the government said Thursday, their first reading below 700,000 since the pandemic sparked mass layoffs. The drop of 97,000 from the prior’s week’s upwardly revised figure was much better than analysts forecast and comes as Covid-19 vaccinations offer hope the economy can recover this year, ...

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Ramadan Tent Project and Islamic Relief UK Team up to alleviate world hunger this Ramadan through My Open Iftar

*Every My Open Iftar pack purchased will feed one person in need in Ramadan *Bringing the Ramadan spirit to people’s doorsteps *Ramadan Tent Project partners up with MyLahore as 2021 Iftar partner Ramadan Tent Project will team up with faith-inspired charity Islamic Relief UK to launch My Open Iftar, an initiative, now in its second year, which will help raise ...

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Nike, H&M face China fury over Xinjiang cotton ‘concerns’

Retail giants Nike and H&M are facing a backlash in China after they expressed concern about the alleged use of forced Uighur labour in the production of Xinjiang cotton. Many Chinese have called for boycotts, celebrities have cut ties, and e-commerce platforms have dropped H&M. It comes as several Western countries imposed sanctions on China this week. It is accused ...

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Egypt’s Suez Canal blocked by large container ship

Egypt’s Suez Canal has been blocked by a large container ship that ran aground after losing control, causing a traffic jam of cargo vessels in the region. Tug boats were deployed to help shift the 400m-long (1312ft) and 59m-wide ship – the Ever Given – but there are fears it could remain trapped for days. The incident occurred just north ...

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Nepal keen to export hydropower to Bangladesh: Momen

Foreign Minister AK Abdul Momen said Nepal is willing to export its hydropower to Bangladesh. “President Bhandari has urged Bangladesh to import hydropower from Nepal,” he told a press conference on ‘The outcomes of Nepalese President Bidya Devi Bhandari’s visit to Bangladesh’ held at Foreign Service Academy here. The foreign minister said the meetings of the secretary-level steering committee and ...

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Jack Dorsey’s first ever tweet sells for $2.9m

Twitter founder Jack Dorsey’s first ever tweet has been sold for the equivalent of $2.9m (£2.1m) to a Malaysia-based businessman. The tweet, which said “just setting up my twttr,” was first published on March 21, 2006 and was auctioned off by Mr Dorsey for charity. The Malaysia-based buyer Sina Estavi compared the purchase to buying a Mona Lisa painting. The ...

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Saudi Aramco 2020 profits halved on lower crude prices

Energy giant Saudi Aramco on Sunday posted a 44.4 percent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed heavily on global demand. Aramco, Saudi Arabia’s cash cow, has revealed consecutive falls in profits since it began disclosing earnings in 2019. That has piled pressure on government finances as Riyadh pursues multi-billion dollar projects to diversify the oil-reliant ...

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