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Egypt gig economy workers face rough ride

Young men on bikes and scooters zip through Cairo, Egypt’s sprawling megalopolis, dodging cars to deliver more than a million orders each day, with little physical or legal protection. Egypt’s digital gig economy is growing, as economic pressures push more of its key demographic — educated, urban youth — into the work-on-demand model. Engineer Mohamed Sherif, 37, joined online food ...

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Indonesia bans palm oil export from Apr 28

Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo on Friday announced a halt of shipments of cooking oil and its raw material to control soaring domestic prices. The measure could further inflame global food inflation that soared to a record high following Russia’s invasion of Ukraine, raise costs for packaged food ...

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E-commerce breaks barriers of traditional marketing

Like thousands of women across the country, Nevia Alam, a middle aged well educated woman of this city, is very happy being an entrepreneur by breaking all barriers of the traditional marketing through the e-commerce platform. She is one of the thousands in Bangladesh who see e-commerce as a blessing for them. Nevia Alam, a school teacher, had a long ...

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Japan consumer prices jump

Japan’s core consumer prices rose at the fastest rate in over two years in March, reflecting the soaring cost of energy and other products, official data showed Friday. The core consumer price index, which excludes fresh food, edged up 0.8 percent year-on-year, in line with market expectations. The index has marked increases for seven straight months, reflecting pandemic distortions including ...

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Tesla reports record profits, bullish on 2022 output

Tesla reported another banner quarter of profit growth Wednesday on pricier vehicles and said its 2022 output plan was on track despite ongoing supply chain problems and a hit from recent Covid-19 lockdown measures in China. Elon Musk’s high-flying electric vehicle company notched a new record in quarterly profits of $3.3 billion following the unveiling of new factories in Germany ...

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Edible oil prices see no impact of VAT cut

Consumers are yet to get any benefit of the recent value-added tax (VAT) cut on edible oil as the prices still remain high at the retail market. On Tuesday, the bottled soybean oil was selling at high price while the prices of loose soybean oil and loose super palm oil further increased. In the wake of price hike of oil, ...

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Oil prices rise on supply concerns as Ukraine crisis deepens

Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia. Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and US West Texas Intermediate futures rose 98 cents, or 0.9%, to $107.93 a barrel. ...

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Experts for continuation of 15pc VAT exemption for domestic compressor, refrigerator industry

Experts have called for the continuation of the 15 percent value added tax (VAT) exemption for the domestic compressor and refrigerator manufacturing industry. The supply crunch of raw materials and spare parts in the international market has resulted in price hikes. The prices of refrigerators have already gone up at the consumer level, reports UNB. So, experts have suggested maintaining ...

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Onion being sold at Tk 8 per kg in Kushtia!

Onion is being sold at Tk 8-20 per kg at Kumarkhali upazila in Kushtia district. Farmers are in trouble as the market price of onion is less than the cost of production. Being failed to sell the onion, many farmers are taking back those to their homes. A weekly market is held on Friday morning at the Panti Degree College ...

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Bidens report $600k in 2021 income

US President Joe Biden — who pledged transparency around his personal finances while in office — and his wife Jill Biden reported a bit more than $600,000 on their federal tax returns for 2021, the White House said Friday. The couple paid $150,439 in taxes on $610,702, for a tax rate of 24.6 percent, the White House said. In publishing ...

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