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Samsung wins $6.6 billion Verizon 5G order

Samsung Electronics clinched a $6.6 billion agreement to provide 5G network equipment to Verizon in the United States, a regulatory filing showed Monday, expanding its presence in the strategically crucial market. The South Korean tech giant said the massive deal was equivalent to 3.4 percent of its total worldwide sales last year, and a “long-term strategic contract”. Washington has banned ...

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Amazon bans sale of foreign seeds in US

Amazon has banned the sale of imported seeds in the United States after several Americans complained that they had received packets of seeds they had not ordered, mostly from China. “Moving forward, we are only permitting the sale of seeds by sellers who are based in the US,” the e-commerce company said in a statement on Saturday. In late July, ...

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Onion prices shoot up in Ctg markets

Onion prices marked a sharp rise in the kitchen markets of the port city in the last two days following a sudden hike in the wholesale market at Khatunganj where traders are citing the excuse of it being a ripple effect from neighbouring India. Consumers had been happy over the last couple of months with the low prices of onion ...

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Renaissance Hotel gets Asia Pacific Int’l Hotel Award

‘Renaissance Dhaka Gulshan Hotel’ has been adjudged as the “Best Luxury Hotel” in Bangladesh at the Asia Pacific International Hotel Award’s for 2020-2021, said a press release. The hotel, which opened in December 2019, became the first hotel in Bangladesh to win the prestigious title, “Best Luxury Hotel”. The Asia Pacific Hotel Awards is organised by International Property Media and ...

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£14k alligator bag destroyed over missing import permit

An alligator-skin handbag worth A$26,000 (£14,000; $19,000) is to be destroyed after a woman imported it into Australia without a permit. The luxury bag, from a Saint Laurent boutique in France, was seized by the Australian Border Force in Perth. Alligator-skin products are allowed to be imported into Australia, but shoppers must obtain an A$70 permit. Australia’s environment minister called ...

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France in huge coronavirus recovery plan focusing on green energy

France has unveiled a 100bn-euro (£89bn) economic stimulus package to help repair the economic damage caused by coronavirus. President Emmanuel Macron’s government said the investment would include big spending on green energy and transport. Dubbed “France re-launch”, it is aimed at reversing rising unemployment, and includes tax cuts for business. The economy shrank by 13.8% between April and June, the ...

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Amazon to create 7,000 new UK jobs

Online retail giant Amazon has said it will create a further 7,000 UK jobs this year to meet growing demand. Amazon said it had already added 3,000 roles so far in 2020, and so by the end of the year it will have created a total of 10,000 new jobs. This will take its total permanent UK workforce to more ...

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Bangladesh receives $1.96 billion remittance in August

Expatriate Bangladeshis sent around US$1,963.94 million remittance during the month of August in the fiscal 2020-21 which is the second highest in the country’s history, according to the latest data of Bangladesh Bank (BB). Earlier, the monthly inflow of remittance hit an all-time high in July this year, which was $2,598.21 million. In August of this fiscal year, six state-owned ...

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Khulna crab farmers eyeing post-lockdown resumption of export

Though crab exports remain paused due to coronavirus pandemic, farmers in and around Khulna are hopeful of a resumption being just around the corner. As a result they are waiting for the resumption, rather than bringing their latest catch to the local markets where they can never get the same price as they get from exporting. Crab farmers hope that ...

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Zoom revenues skyrocket as profits double

Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis. Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts’ expectations of $500.5m. Profits soared to $186m, while customer growth rose 458%, compared with the same period in 2019. Video conferencing apps remain crucial ...

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