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Peloton sales surge as virus boosts home workouts

Peloton, which won an early celebrity fanbase for its exercise bikes and remote workout classes, has seen demand surge during the pandemic. The firm’s global membership base hit 3.1 million at the end of June, more than double a year earlier, as gym closures due to Covid-19 increased demand for at-home workouts. The jump in sign-ups lifted revenue to $607m ...

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Covid vaccine: 8,000 jumbo jets needed to deliver doses globally, says IATA

Shipping a coronavirus vaccine around the world will be the “largest transport challenge ever” according to the airline industry. The equivalent of 8,000 Boeing 747s will be needed, the International Air Transport Association (IATA) has said. There is no Covid-19 vaccine yet, but IATA is already working with airlines, airports, global health bodies and drug firms on a global airlift ...

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US to block key exports from Xinjiang, China

The US is to block key exports from China’s Xinjiang region due to allegations that they are produced using forced labour. The proposed bans include cotton and tomato products which are two of China’s major commodity exports. The Trump administration has been ratcheting up pressure on China for its treatment of Xinjiang’s Uighur Muslims. In recent years China has massively ...

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KIDS IN CRISIS OVER COVID

See, Hear, Respond set up to support those who have become vulnerable throughout the coronavirus pandemic More than a million parents1 believe their child could benefit from professional help in the wake of the coronavirus lockdown, according to a new survey by Barnardo’ s . The poll of more than 1,000 British parents conducted by YouGov2 for the leading children’s ...

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Evaly: Cheating in the name of e-commerce

The government should introduce a new policy to regulate the emerging e-commerce sector, which became vulnerable to risks after the alleged fraudulence by Evaly came to light recently, experts have said. Around 3.7 million registered customers on Evaly platform are at risk of uncertainty as the central bank has put a halt in the financial transactions of the company. Policy ...

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Samsung wins $6.6 billion Verizon 5G order

Samsung Electronics clinched a $6.6 billion agreement to provide 5G network equipment to Verizon in the United States, a regulatory filing showed Monday, expanding its presence in the strategically crucial market. The South Korean tech giant said the massive deal was equivalent to 3.4 percent of its total worldwide sales last year, and a “long-term strategic contract”. Washington has banned ...

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Amazon bans sale of foreign seeds in US

Amazon has banned the sale of imported seeds in the United States after several Americans complained that they had received packets of seeds they had not ordered, mostly from China. “Moving forward, we are only permitting the sale of seeds by sellers who are based in the US,” the e-commerce company said in a statement on Saturday. In late July, ...

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Onion prices shoot up in Ctg markets

Onion prices marked a sharp rise in the kitchen markets of the port city in the last two days following a sudden hike in the wholesale market at Khatunganj where traders are citing the excuse of it being a ripple effect from neighbouring India. Consumers had been happy over the last couple of months with the low prices of onion ...

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Renaissance Hotel gets Asia Pacific Int’l Hotel Award

‘Renaissance Dhaka Gulshan Hotel’ has been adjudged as the “Best Luxury Hotel” in Bangladesh at the Asia Pacific International Hotel Award’s for 2020-2021, said a press release. The hotel, which opened in December 2019, became the first hotel in Bangladesh to win the prestigious title, “Best Luxury Hotel”. The Asia Pacific Hotel Awards is organised by International Property Media and ...

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£14k alligator bag destroyed over missing import permit

An alligator-skin handbag worth A$26,000 (£14,000; $19,000) is to be destroyed after a woman imported it into Australia without a permit. The luxury bag, from a Saint Laurent boutique in France, was seized by the Australian Border Force in Perth. Alligator-skin products are allowed to be imported into Australia, but shoppers must obtain an A$70 permit. Australia’s environment minister called ...

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