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    BTRC rejects telecom surveillance unit’s plea for NTTN licence

    Staff Correspondent | Updated at 12:00am on October 17, 2018

    Bangladesh Telecommunication Regulatory Commission has turned down a request of National Telecommunication Monitoring Centre (NTMC), the telecom surveillance unit of the government, to get nationwide telecommunication transmission network licence....

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    Loss-making BJMC gets Tk 10cr more from block allocation

    Staff Correspondent | Updated at 12:00am on October 17, 2018

    Finance Division has disbursed Tk 10 crore to the state-owned jute mills corporation to clear arrears of workers of the jute and textiles mills in Jessore and Khulna....

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    No survey by NBR’s tax survey arm in 16 years

    Staff Correspondent | Updated at 12:00am on October 17, 2018

    Central Tax Survey Zone of the National Board of Revenue has remained inactive for the last 16 years due to its lack of authority in conducting survey and in issuing taxpayers’ identification numbers....

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    Rising oil price turns up heat on vulnerable emerging economies

    Reuters . London | Updated at 12:00am on October 17, 2018

    A rise in oil prices to four-year highs is heaping pressure on big emerging-market crude consumers such as Turkey, India, Indonesia and South Africa that are already grappling with current account deficits, weak currencies and rising inflation....

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    China’s Q3 GDP growth seen hitting lowest since 2009: Reuters poll

    Reuters . Beijing | Updated at 12:00am on October 17, 2018

    At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-US trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financial crisis....

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    US govt posts widest deficit since 2012

    Reuters . Washington | Updated at 12:00am on October 17, 2018

    The US government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department....

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    German carmakers have 50:50 chance of facing Detroit’s fate, VW says

    Reuters . Frankfurt | Updated at 12:00am on October 17, 2018

    German carmakers only have a 50 per cent chance of surviving as leading players in the auto industry unless they transform their businesses to meet new regulations and adapt supply chains, Volkswagen’s chief executive said on Tuesday....

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    Degree of calm returns to stock markets, Italy helps out

    Reuters . London | Updated at 12:00am on October 17, 2018

    World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now....

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    Microsoft co-founder Paul Allen dies

    Reuters | Updated at 12:00am on October 17, 2018

    Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world’s biggest software company, died on Monday at the age of 65, his family said....

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    China local govts’ hidden debt could total $5.8t: S&P

    Reuters . Beijing | Updated at 12:00am on October 17, 2018

    Off-balance-sheet borrowings by Chinese local governments could be as high as 40 trillion yuan ($5.78 trillion) and amount to ‘a debt iceberg with titanic credit risks’, S&P Global Ratings said in a report on Tuesday.....

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