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BARVIDA expelled its Vice President 1 S M Anowar Sadat for his ‘indiscipline’ activities

Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) has expelled its Vice President 1 Mr. S M Anowar Sadat for his anti-discipline activities. The Executive Committee of BARVIDA in an emergency meeting held on 15 November 2020 unanimously decided and then expelled Mr. Sadat on 17 November 2020 under the sub clause 10.4 and sub clause 10.6 of article 10 ...

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Biden vows to set ‘rules of the road’ on trade

Joe Biden has vowed to work with other democracies to rewrite the rules of international trade. The US president-elect signalled a shift from Donald Trump’s policies, who pulled out of multilateral pacts and raised up tensions with China. His comments come just days after 15 Asia Pacific countries including China signed an historic trade pact. The Regional Comprehensive Economic Partnership ...

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Bangladesh receives $106cr remittance in 12 days of November

Bangladesh has received 106 crore 6 lakh US dollars as remittance in just first 12 days of November. This is a rare event in the history of Bangladesh. A press release sent by Gazi Touhidul Islam, Public Relations Officer (PRO) of the Ministry of Finance, revealed the this information on Monday (November 16). According to the press statement, Bangladesh has ...

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Coronavirus: Elon Musk ‘likely has moderate case’

Tech entrepreneur Elon Musk says he “most likely” has a “moderate case” of Covid-19 but has been “getting wildly different results from different labs”. The boss of Tesla and SpaceX, who is 49, tweeted his symptoms were those of a “minor cold”. On Friday he said he had been tested four times, with two positive and two negative results. Mr ...

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Malaysian pilot starts local food stall after losing job due to pandemic

The Coronavirus pandemic has brought the global economy to a standstill. One of the biggest casualties of Covid-19 is the tourism industry, which is suffering major losses due to people staying largely at home. Airlines too are asking employees such as pilots and cabin crew to be on indefinite leave without pay, or firing them entirely. However, retrenched Malaysian pilot ...

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US bars investments in ‘Chinese military companies’

US President Donald Trump has issued an order banning American investments in Chinese firms the government determines have ties to the Chinese military, BBC reported. In the order, Mr Trump accused China of “increasingly exploiting” US investors “to finance the development and modernisation of its military”. The ban is to go into effect in January. It could affect some of ...

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Singles Day: Luxury brands jump on China’s shopping event

Luxury brands have embraced China’s largest annual shopping spree, helping “Singles Day” break records once again. Firms including Balenciaga and Prada debuted on Singles Day, or Double 11, joining around 200 luxury brands – more than double last year’s figure. Singles Day was created by Chinese online retail platform Alibaba. This year, the annual sale racked up $74bn (£56bn), with ...

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China to clamp down on internet giants

China has proposed new regulations aimed at curbing the power of its biggest internet companies. The regulations suggest increasing unease in Beijing with the growing influence of digital platforms. The new rules could affect homegrown tech giants like Alibaba, Ant Group and Tencent, as well as food delivery platform Meituan. The move comes as the EU and the US are ...

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McDonald’s to introduce plant-based burgers and fast food

Fast food giant McDonald’s has announced it will introduce a line of plant-based meat alternatives called “McPlant” in 2021. McDonald’s said it would offer plant-based burgers, chicken substitutes and breakfast sandwiches. Barclays Bank forecasts that consumption of meat alternatives might be worth $140bn (£106bn) by 2029. McDonald’s has tested out a plant-based burger in Canada with Beyond Meat – a ...

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UK unemployment rate continues to surge

The UK’s unemployment rate rose to 4.8% in the three months to September, up from 4.5%, as coronavirus continued to hit the jobs market. Redundancies rose to a record high of 314,000 in the same period, the Office for National Statistics (ONS) said. Firms made more workers redundant in anticipation of the end of the furlough scheme, which was originally ...

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