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Facebook parent Meta will pay $725M to settle user data case

Facebook’s corporate parent has agreed to pay $725 million to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016. Terms of the settlement reached by Meta Platforms, the holding company for Facebook and Instagram, were ...

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Russia says may cut oil output following price cap

Moscow could cut oil production by up to seven percent in early 2023 following an oil price cap agreed by Western countries, a Russian deputy prime minister said Friday. “At the start of next year, we could make a reduction of 500,000-700,000 barrels per day. For us, that’s around 5-7 percent,” Alexander Novak, who is in charge of Moscow’s energy ...

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Real coffee, but a fake ‘Starbucks’ in piracy-ridden Iraq

Everything from the signboard outside down to the napkins bears the official emblem of the top international coffee chain. But in Baghdad, looks are deceiving: The “Starbucks” in the Iraqi capital is unlicensed. Real Starbucks merchandise is imported from neighboring countries to stock the three cafes in the city, but all are operating illegally. Starbucks filed a lawsuit in an ...

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BSEC lifts floor price from 169 companies

Bangladesh Securities and Exchange Commission (BSEC) has day lifted the floor price from 169 companies. Downward price change limit (circuit breaker) for the 169 companies/securities will be one percent based on the reference price or previous trading day’s closing price, as per a BSEC circular issued on Wednesday. However, according to the rules, upward price change limit (circuit breaker) will ...

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First pictures of King Charles banknotes revealed

The new look of banknotes featuring the image of King Charles has been unveiled by the Bank of England. The portrait will be the only change to existing designs of £5, £10, £20 and £50 notes and will start to enter circulation from mid-2024. New notes will feature the King’s portrait on the front and in the see-through security window. ...

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Bangladesh embassy in Rome awards top remittance senders

The Embassy of Bangladesh in Rome, Italy has honoured five expatriate Bangladeshi nationals with ‘Remittance Award’ on the occasion of International Migrants Day-2022. The embassy organized an event on December 19 at the Chancery. Five Bangladeshis received awards as top remittance senders from Italy between the period of July 2021 and June 2022, reports UNB. Md. Shameem Ahsan, Bangladesh Ambassador ...

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Walton brings new CiNEd gaming monitors

Walton has launched two new CiNEd gaming monitors with IPS panels. These monitors can be used for different purposes, including gaming and graphic designs, reports UNB. Touhidur Rahman Raad, chief business officer of Walton Digi-Tech Industries, said: “Modelled as WD27GI06 and WD27GI07, the new gaming monitors feature 27-inch QHD IPS LED-backlit display with 2560 and 1440 pixel resolution and frameless ...

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BB creates fund to use undisbursed portion of farm loans

Bangladesh Bank (BB) has taken a decision to form a fund, title ‘Bangladesh Bank Agricultural Development Common Fund (BBADCF)’ for increasing farm production. Under the initiative, banks would deposit money equivalent to the undisbursed amount of farm and rural loans in the fund and the BB would give 2 per cent interest on the deposits, as per a BB circular ...

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Price fall in large-cap drives stocks down

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday plunged further due to mainly price fall in large-cap securities. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 11.21 points or 0.18 percent to 6,245.61. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue ...

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World stocks extend rout, oil prices drop on recession worries

A rout in global equities extended on Friday and government bond markets came under fresh selling pressure as hawkish tone from central bankers and weak data stoked recession fears. The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it ...

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