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Bangladeshi ‘Jamdani’ fair delights saree lovers in Delhi

A daylong fair on Jamdani, Muslin and other handloom sarees, an embodiment of the pride of Bangladesh, has delighted a large number of saree lovers, creating soothing effects on them to make them ponder over the revival of these rare wears. The creations of Mantasha Ahmed and Nasreen Jahan, the owners of two popular fashion houses in Dhaka, the spectacular ...

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Trump delays tariff hikes on Chinese goods ahead of talks

US President Donald Trump will delay a planned tariff hike on $250bn (£202.8bn) of Chinese goods as a “gesture of good will”. In a tweet, Mr Trump said a 5% increase to duties scheduled for 1 October will be postponed for two weeks.He said the delay had been requested by China, and also follows a move by Beijing to scrap ...

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Huawei releases white paper on 5G Applications

Huawei released the “5G Applications Position Paper” in Hungary’s Budapest on Tuesday at a forum on the sideline of the International Telecommunication Union (ITU) Telecom World 2019, looking forward to 5G application scenarios in the areas of enhancing broadband, media and entertainment, industrial manufacturing, and intelligent transportation, reports AP. It also called on global industry organizations and regulators to actively ...

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Japan wins partial WTO victory in SKorea duties case

The World Trade Organisation on Tuesday largely faulted South Korea in a final ruling over anti-dumping duties slapped on imports of industrial pneumatic valves imported from Japan. The WTO’s Appellate Body mostly upheld a previous ruling finding that Seoul’s anti-dumping duties on Japanese pneumatic valves violated some international trade rules. It requested that South Korea “bring its measures found … ...

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Alibaba’s Ma steps down as industry faces uncertainty

Photo: In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Beijing, Sep 10 : Alibaba Group founder Jack Ma, who helped launch China’s online retailing boom, stepped down as chairman of the world’s biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid ...

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British Airways pilots begin two-day strike over pay

British Airways pilots have begun a two-day strike in an ongoing dispute over pay and conditions. Tens of thousands of passengers have been told not to go to airports, with the airline cancelling some 1,700 flights due to the disruption. The pilots’ union Balpa said BA management’s cost-cuts and “dumbing down” of the brand had eroded confidence in the airline. ...

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Chinese companies keen to invest in Bangladesh

A group of Chinese companies on Tuesday showed interest in investing in different sectors in Bangladesh. They expressed the interest at a seminar on China-Bangladesh Investment Facilities organised by multinational professional services network, PricewaterhouseCoopers (PwC) at a hotel in the capital. William Yuan, Partner of Global China Business Network, said they are looking for investment opportunities in Bangladesh.“There’re a lot ...

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UK and South Korea to sign “continuity” trade deal

The UK will sign a “continuity” trade agreement with South Korea on Thursday, allowing businesses to keep trading freely after Brexit. International Trade Secretary Liz Truss will sign the deal with her South Korean counterpart Yoo Myung-hee in London. The agreement is roughly in line with the terms of the existing Korea-EU free trade deal. Trade between the UK and ...

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Economists survey: 34% expect a US recession in 2021

President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. Washington , Aug 19 : A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. ...

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US tells Congress of plans to sell F-16 fighters to Taiwan

The Trump administration has informed Congress it plans to sell F-16 fighters worth $8 billion to Taiwan in a move that will inflame already high tensions with China. Two US officials and a congressional aide say the administration informally notified lawmakers of the proposed sale late on Thursday. They were not authorized to discuss the matter publicly and spoke on ...

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