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Coronavirus: US workers seeking jobless aid near 40 million

A further 2.4 million Americans sought unemployment benefits last week, despite hopes that easing lockdown restrictions would help restart the US economy. The new filings brought the total since mid-March to roughly 38.6 million – almost a quarter of the workforce, BBC reported.The weekly figures have declined since peaking at almost 6.9 million at the end of March but remain ...

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Amazon trials online food delivery in India

Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move comes as pandemic lockdowns prompt a surge in online ordering in some places, such as the US, BBC reported.However in India, the two big players in the market have seen significant declines in demand. Amazon has set ambitious plans for ...

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Beximco Pharmaceuticals hands over 1000 doses of Remdesivir to Health Ministry

Photo:Courtesy The Health Ministry on Thursday received one thousand doses of a generic version of Remdesivir – the intravenous drug that has been shown in one trial to reduce the time needed for recovery from Covid-19 – from Beximco Pharmaceuticals, for treatment of serious Covid-19 patient. Nazmul Hasan Papon, managing director of the company, as well as an MP and ...

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UK energy group OVO to cut 2,600 staff after tie-up

British energy group OVO on Tuesday said it planned to cut 2,600 staff following its part-purchase of rival SSE, with the job losses rushed through owing to the coronavirus outbreak. “OVO Energy today announced proposals to reduce the number of roles across SSE Energy Services and OVO by 2,600 largely through voluntary redundancy over the course of 2020,” a statement ...

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RMG: UK urged to continue imports from Bangladesh through creating fund

File Photo State Minister for Foreign Affairs Md Shahriar Alam has suggested that the UK may take the initiative of creating a COVID-19 fund which can be used to bail out the UK brands/retailers so that they can continue with their imports from Bangladesh. On the other hand, Alam said, the fund can also be used to help the workers ...

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Local airlines’ bleeding continues

Domestic and state-run airlines have suffered a loss of Tk 13.61 billion over the last two months following the suspension of all flights on both domestic and international routes amid coronavirus pandemic. Talking to a news agency, Civil Aviation and Tourism Ministry Senior Secretary Mohibul Haque projected further possible losses worth of Tk 10.01 billion by June if the situation ...

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US targets Huawei with tighter chip export rules

The US has announced new export controls aimed at limiting Chinese technology giant Huawei’s access to semiconductor technology, BBC reported. The new rule bars semiconductor-makers that use US technology and software in chip design from shipping to Huawei without US government permission. It is the latest US action to target Huawei, which US officials view as a national security threat.China ...

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Virus pushes Germany into recession

The coronavirus pandemic has tipped Germany into recession, official data showed Friday, with Europe’s top economy suffering its steepest quarterly contraction in more than a decade as lockdown measures began to bite. The German economy shrank by 2.2 percent in the first three months of 2020, federal statistics agency Destatis said, calling the quarter-on-quarter decline “the worst since the global ...

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Coronavirus: WTO head steps down a year early as downturn looms

The head of the World Trade Organization has said he will step down a year earlier than planned, at a crucial moment for the global economy. Roberto Azevedo’s surprise departure comes as the WTO faces the impact of the coronavirus pandemic and criticism from US President Donald Trump, BBC reported.Global trade has slumped and the world is braced for the ...

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Coronavirus: Uber and Addison Lee to install protective screens

Taxi firms Addison Lee and Uber have announced new safety measures as the government looks to ease coronavirus restrictions and people return to work. Addison Lee will fit perspex partition screens between drivers and passengers across its 4,000 vehicles next week.And Uber is paying the AA to install partitions in 400 cars in Newcastle, Sunderland and Durham as part of ...

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