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Shell cuts dividend for first time since WW2

Royal Dutch Shell has cut its dividend for the first time since World War Two following the collapse in global oil demand due to the coronavirus pandemic. The energy giant also suspended the next tranche of its share buyback programme.The move came as it announced a 46% fall in first-quarter net income to $2.9bn (£2.3bn). Chief executive Ben van Beurden ...

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British Airways set to cut up to 12,000 jobs

LONDON, April 29, 2020 :  British Airways is set to slash up to 12,000 jobs as part of a restructuring plan forced on the carrier by the fallout from the novel coronavirus, its parent company IAG said on Tuesday. The firm said its plans were still under consultation but it was “likely that they will affect most of British Airways’ ...

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Around 25 lakh MFS accounts so far opened in RMG sector

Around 25 lakh Mobile Financial Service (MFS) accounts have been opened in the readymade garment (RMG) sector since April 4 in line with a government’s move to provide salaries and allowances to its workers and employees through mobile banking. The accounts have been opened through three MFS providers – Bkash, Rocket and Nagad, said a media statement of Bangladesh Garment ...

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Nokia clinches $1bn deal with India’s Airtel

Finnish network equipment maker Nokia has secured a multi-year contract to boost the capacity of one of India’s largest mobile operators, the firm announced on Tuesday. The deal, which an industry source told AFP is valued at almost $1 billion (924 million euros), will see Nokia deploy 300,000 new radio units across the country by 2022, boosting network capacity and ...

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City Bank AMEX credit card members can pay bill thru bKash

The locally issued American Express Credit Card holders of City Bank can now pay their credit card bills anytime from anywhere through bKash app seamlessly. This new service will facilitate the card members to make payment on time without waiting in queues at the bank counters or chances of missing deadline, said a press release. It will reduce the extra ...

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Workers returning to Dhaka ignoring coronavirus risks

Workers of industrial and readymade garment factories started returning to their workplaces in the capital on Monday amid growing concern over a massive coronavirus outbreak. People from the country’s south-western part have been gathering at ferry pontoons of Paturia and Aricha since Sunday. Barely any of them had any protective gears. They are getting on trucks, pick-up vans or rickshaw ...

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Coronavirus: US states struggle to reopen businesses

US state of Georgia reopened some non-essential businesses on Friday and a number of other states are expected to follow suit despite great concerns over coronavirus. Georgia Governor Brian Kemp has allowed some non-essential businesses, such as gyms, barbershops and hair salons, to reopen their doors from Friday. Restaurant dining rooms, theaters and some other businesses can reopen from Monday, ...

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Recovery expert: ‘Some businesses will never reopen’

When economies eventually re-open, many businesses will stay shut as they struggle with the new environment. That is the fear from a global disaster recovery group that helps businesses recover from crises like coronavirus. Small business owners are more vulnerable and may have to become entrepreneurs again to survive, BBC reported.During coronavirus lockdowns, activities such as grocery shopping, movie watching, ...

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Record fall for UK retail sales as lockdown hits

UK retail sales fell a record 5.1% in March as many stores shut up shop in the face of the coronavirus lockdown. The figures from the Office for National Statistics (ONS) show the steepest sales fall since it started collecting the data in 1996, BBC reported.Food and online shopping rose, and alcohol sales jumped by 31%. But clothes sales tumbled ...

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‘Fake’ meat on the menu as China reopens restaurants

As China reopens restaurants and cafes, more plant-based “fake” meat products are popping up on menus. On Wednesday, Beyond Meat started selling its plant-based food in China through thousands of Starbucks cafes.Fast-food chain KFC said it will also start trialling fake chicken nuggets from next week, BBC reported. As China recovers from the coronavirus outbreak, more people are looking to ...

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