Economy
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Bitcoin surges above $42,000 after Tesla discloses $1.5 bln investment
Bitcoin surged to an all-time high after Telsa Inc. said it has invested $1.5 billion and will begin accepting the…
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Bitcoin soars to new 2020 high on PayPal shift to crypto
Bitcoin surged to the highest level since July 2019 after PayPal Holdings Inc. announced it will allow customers to use…
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Oil down 5 percent after Trump gets coronavirus
Oil prices fell 5 percent on Friday after US President Donald Trump tested positive for COVID-19 and negotiators failed to…
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Saudi Arabia reportedly set to invest $30bn in Bangladesh
Shehab Sumon: Some of Saudi Arabia’s top companies are looking to invest around $30 billion in a number of Bangladesh’s…
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Saudi Aramco shares priced at $8.53 in biggest IPO in history
Saudi Aramco has priced its initial public offering at $8.53 (SR32) per share making it the biggest IPO in history.…
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Black Friday online sales hit record $7.4 bln
This year’s Black Friday was the biggest ever for online sales, and Adobe Analytics says carts filled on phones, computers,…
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Turkish Airlines posts over TL 2.5B net profit in first 9 months
National flag carrier Turkish Airlines (THY) posted a net profit of over TL 2.5 billion in the first nine months…
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Saudi Aramco IPO offering to launch Nov.17
Saudi Aramco said it would start taking bids from investors on Nov. 17 in a highly anticipated stock offering, as…
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HSBC planning to cut 10,000 more posts
HSBC is planning to lay off up to 10,000 staff, a report said Monday, just weeks after its chief executive…
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UAE investors to inject $10bn in Bangladesh economic zones
Shehab Sumon: UAE-based investors have lined up several new projects including five free economic zones worth $10 billion in Bangladesh,…
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UK stands to lose $16 bln on EU exports in case of no-deal Brexit
If Britain leaves the European Union without a deal, it could lose at least $16 billion annually on exports to…
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World Bank approves $100 million for Bangladesh
World Bank has approved $100 million to improve water supply and sanitation system in 30 Bangladesh municipalities. The “Municipal Water…
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Saudi Aramco reports 2018 net income of $111.1 bln
Saudi Aramco reported on Wednesday a net income attributable to shareholders of $111.1 billion in 2018, up from $75.9 billion…
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Britain’s deficit hits 17-year low
Britain’s deficit improved last year to reach its lowest level for 17 years on bumper tax revenues and lingering state…
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UK losing £6.6bn pounds a quarter since Brexit referendum
The United Kingdom has lost £6.6 billion ($8.7 billion) in economic activity every quarter since it voted to leave the…
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