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    No-lottery IPO system begins with Sonali Life Insurance Co

    Staff Correspondent | Updated at 11:34pm on May 06, 2021

    The distribution of a company’s initial public offering shares on a pro-rata basis instead of lottery will commence with the Sonali Life Insurance Company Limited’s IPO share subscription...

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    Stocks hit three-month high

    Staff Correspondent | Updated at 11:28pm on May 06, 2021

    Dhaka stocks increased for the third day on Thursday with the key index hitting a three-month high as investors continued buying shares amid the relaxation of Covid restrictions by the...

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    Telcos’ revenue growth thin amid high taxes: GSMA

    Staff Correspondent | Updated at 11:26pm on May 06, 2021

    The country’s telecom sector has been slapped with the third highest tax rates in the world, resulting in lower capacity of the telecom operators to invest in development of the ecosystem...

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    Biden administration blocks Trump rule on gig workers

    Agence France-Presse . Washington | Updated at 11:25pm on May 06, 2021

    The US Labour Department on Wednesday blocked a rule handed down under former president Donald Trump that would have prevented gig workers from demanding a minimum wage or...

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    Australia regulator moves to block Qantas-Japan Air deal

    Agence France-Presse . Sydney | Updated at 11:23pm on May 06, 2021

    Australia’s competition regulator on Thursday said that it would block a pricing, code-sharing and scheduling deal between Qantas and Japan Airlines because it would likely mean higher fares for...

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    BoE sees stronger Britain growth recovery from pandemic

    Agence France-Presse . London | Updated at 11:21pm on May 06, 2021

    The Bank of England said on Thursday that the UK economy would enjoy a stronger than expected recovery this year as the country eases its coronavirus pandemic lockdowns quicker than...

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    Volkswagen profits rise but chip shortage impact not over

    Agence France-Presse . Frankfurt | Updated at 11:20pm on May 06, 2021

    German carmaker Volkswagen reported a jump in first quarter profits Thursday but warned that a global shortage of semiconductors that has hurt production would have a ‘more significant impact’ in the...

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    ArcelorMittal posts ‘strongest quarter in a decade’

    Agence France-Presse . Paris | Updated at 11:17pm on May 06, 2021

    Steel giant ArcelorMittal said on Thursday that it recorded its best quarterly performance in a decade as commodity prices have soared due to booming demand fuelled by an economic recovery from...