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PayPal earnings soar on e-commerce boom

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic. PayPal said it made a profit of $1.1 billion in the recently ended quarter, compared with $84 million in the same period last year. PayPal-owned mobile payments service Venmo last month began letting users in the United States ...

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Pfizer expects Covid vaccine demand for years

Demand for Pfizer’s Covid vaccine could bolster its revenues for years, the US drugs giant has said. Pfizer said it was expecting “durable demand” for the vaccine, in a similar way to flu vaccines. In the first three months of 2021, the vaccine generated revenues of $3.5bn (£2.5bn) as governments scrambled to try to contain the pandemic. Revenue from the ...

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Investor Warren Buffett names Berkshire Hathaway successor

American business tycoon Warren Buffett has confirmed that Berkshire Hathaway’s vice-chairman, Greg Abel, will succeed him as chief executive. Investor Buffett built Berkshire Hathaway from a failing textile maker into a $628bn (£452bn) investment juggernaut. Although he is 90 years old, Buffett has given no indication he plans to step down.   Mr Abel helped build Berkshire Hathaway’s energy unit ...

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Edible oil prices cut by Tk 3 per litre

The purchasers from now on be able to buy a litre of edible oil at TK 141 as the refiners and manufacturers have reduced the price by Tk three per litre. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association confirmed this in a press release on Monday. The refiners and manufacturers association prompted to reduce the price following request ...

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Pandemic boosted e-commerce in 2020: UNCTAD

The Covid-19 pandemic provided a boost for e-commerce last year, but the digital windfall was not enjoyed equally across the board, a UN study found Monday. “Although it will take some time to get the full picture of the impact of Covid-19 on e-commerce… a number of developments point to the strong rise in e-commerce in 2020,” said the report ...

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Hydrocarbon exploration: Experts for formula-based pricing to attract IOCs

A formula-based pricing policy needs to be put in place for attracting international oil companies (IOCs) to explore hydrocarbon in Bangladesh, energy experts said on Saturday. “Unless there is a formula to fix energy prices, the IOCs will not be interested to come here,” said Khondokar Abdus Saleque, a former senior official of Petrobangla. Saleque, who was speaking at the ...

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Abul Kalam Azad made WEF commissioner

Special envoy of Climate Vulnerable Forum (CVF) Abul Kalam Azad has been appointed as a Commissioner of the World Economic Forum’s (WEF’s) “Global Commission on BiodiverCities by 2030” in this April. As a Commissioner, the CVF special envoy will be a part of the Global Commission on BiodiverCities by 2030, a high-level commission with 25 world renowned experts and practitioners ...

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Bangladesh to resume commercial flights on select routes

Commercial flights between Dhaka and some 38 countries will resume from Saturday, according to the country’s civil aviation regulator. However, flights to high-risk countries will remain suspended, the Civil Aviation Authority of Bangladesh (CAAB) said in a notification on Friday night. According to the notification, passengers coming from higher risk among these 38 countries will have to go through a ...

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Apple Watch 6 and SE have become more affordable

The Apple Watch 6 is an expensive wearable and it is not cheap even when it is a more affordable alternative to the Apple Watch SE. But Apple has now started selling refurbished versions of both models at significant discounts. It is worth noting that at the time of writing both models are available for rebuilding on the US Apple ...

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LPG cylinder price re-fixed at Tk 906

Bangladesh Energy Regulatory Commission (BERC) has reduced the retail prices of liquefied petroleum gas (LPG) at the private sector. As per the new rate, the price of 12kg LPG cylinder fixed at Tk 906 from Tk 975 which is the highest retail price. The new price will be made effective from May 1. BERC Chairman Abdul Jalil informed this at ...

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