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Wine sellers call for a rethink of US tariffs

A century ago new restrictions on selling alcohol left America’s wine merchants reeling. Now, US President Donald Trump’s decision to raise taxes on European wine imports to 100% presents a similar threat, the industry says.Wine sellers are warning that their businesses will not survive if the tariffs go ahead. They want Washington to drop the proposal, which is in retaliation ...

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World Bank warns on global growth

Global economic growth is likely to be only slightly faster this year than the weak performance seen in 2019, according to a World Bank forecast. The world economy is likely to expand by 2.5% in 2020, up from 2.4% last year, the Bank’s economists predict. That reflects an expected recovery in some emerging and developing countries that had a difficult ...

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Gold, oil prices retreat, shares rebound in Asian trading

Photo : Global stock markets are falling while oil and gold prices are rising as tensions escalate between the U.S. and Iran. Markets have been roiled since Friday after the U.S. killed Iran’s top general. Shares advanced in Asia Tuesday following modest gains on Wall Street despite caution over rising tensions between the U.S. and Iran. U.S. officials were bracing ...

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Biman Bangladesh Airlines launches Manchester services as new partnerships with Bangladeshi cities are announced

Biman Bangladesh Airlines will operate from Manchester Airport to Dhaka and Sylhet three times per week. Service will cater for more than 70,000 people of Bangladeshi origin in the North. New link is announced between Manchester and the two Bangladeshi cities, with delegations to travel in each direction.  Partnership will promote commercial ties and knowledge sharing. Route welcomed by civic ...

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Fears over US-Iran clash shake Mideast markets

Photo: A woman crosses a street in front of a billboard showing a portrait of Iranian Revolutionary Guard Gen. Qassem Soleimani, who was killed in a U.S. airstrike early Friday in Iraq, in Tehran, Iran, Sunday, Jan. 5, 2020. Major stock markets in the Middle East are trading down on fears of a conflict between Iran and the U.S. after ...

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BRITISH BANGLADESHI CONSULTANCY WINS BEST BUSINESS AWARD

Kazient Privacy Experts has been named the Best Small to Medium-sized Business of 2019 at the Best Business Awards (BBAs). Hailed as one of the UK’s highest profile awards, the BBAs has recognised Kazient’s pragmatic and innovative approach to GDPR compliance solutions. In a world where the use of data is more abundant, far-reaching and instantaneous, the value of privacy ...

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Tesla aims to build 500,000 vehicles per year near Berlin

Tesla plans to build half a million electric vehicles a year at its future factory outside Berlin of Germany. Planning documents posted online Friday reveal that the US automaker wants to construct Model 3 and Model Y vehicles at the site in Gruenheide, as well as “future models.”. The so-called Gigafactory — Tesla’s fourth — will include facilities to assemble ...

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Gold prices record six-year high, hit Tk 60,000 a Bhori

The prices of gold in the local market have increased again by Tk 1,166 per Bhori (11.664 grams). Bangladesh Jewellers’ Samity (BAJUS) adjusted gold prices citing price hike in international market.The new prices will come into effect from Sunday.After the latest hike, the price of one Bhori of 22-carat gold stands at Tk 60,361 while 21-carat gold price at Tk ...

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Oil price jumps on fear of Iranian retaliation against US

The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran’s top general. News that Gen. Qassem Soleimani, head of Iran’s elite Quds Force, was killed in an air attack at the Baghdad international airport prompted expectations of Iranian retaliation against U.S. and Israeli targets. In previous flare-ups ...

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New UK government raises minimum wage

Britain’s minimum wage is to increase by more than four times the rate of UK inflation from next year, UK Prime Minister Boris Johnson’s government announced Tuesday, reports AFP. A 6.2-percent increase from April takes the so-called national living wage for workers aged 25 and over from 8.21 pounds to a minimum 8.72 pounds ( 10.79 to 11.52, 9.63 euros ...

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